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If you have family or friends who send money from the U.S., things just got brazy — Trump is proposing a 5% tax on remittances. So if you have been relying on that abroad bag, you might just want to lock in and chase your own bag because that money is about to reduce thanks to Elon’s Bestie.
ICYM the last edition, read here
Official News from Last Week
1. Africa Delivery Technologies Holding, the Dutch parent of Nigerian delivery startup Kwik, has been declared bankrupt by an Amsterdam court after a legal dispute with a former executive led to a debt of $50,000.
2. Mohamed Chaudry, CFO of YC-backed Vendease, stepped down in April 2025 amid a restructuring push to achieve profitability and secure new funding.
3. Carrot Credit, a Nigerian fintech providing loans backed by digital assets such as stocks, ETFs, and crypto, has secured $4.2 million in seed funding.
4. In 2025, Nigerian banks are facing slower profit growth as the temporary gains from naira devaluation and steep interest rate hikes are starting to wear off
5. On May 22, 2025, the U.S. House passed a Trump-backed bill that includes a 5% tax on remittances sent abroad by non-citizens.
Remote job opportunities
Cavista is looking to hire a Fullstack Engineer
Moniepoint is looking to hire a Compliance Manager
Pack n Pay is looking to hire a Graphic Designer
iRecharge Tech Innovations is looking to hire a Backend Engineer
Moniepoint is looking to hire a Creative Strategist
Ruani LLC is looking to hire an Email Marketer
TechCabal is looking to hire a Senior Newsletter Editor
This isn't your regular tech newsletter, so let's get into some of the most intriguing happenings on "tech Twitter" from the past week.
To view the full content of this newsletter, please click View More at the bottom of the email.
1… After a midnight raid
Headline: “20 men found operating a “yahoo yahoo” academy”
There are several tech events coming up though
Una dey quick vex
Let’s be positive guysss
And Hundeyin get pride oh
2… If you know how hard it is to come by the money, you sef will have pride
a YOU problem👉🏾
We know what they solve, don’t ask
3… This week was crazy for some startup founders, put them in your prayers
Lets see how this plays out
3… It is not that surprising
4…. Lets leave Grok alone please
5… Can’t we do both simultaneously?
Will waiting do us any good either?
See where this one hang ball
policy makers have KPIs to fulfill too
1/4
2/4
3/4
This remains an open conversation, what do you guys think?
6… We need to start arresting these people
All for how much ????
7… Abeg this one is not test, its a case of simple misrepresentation of what ought to be
Leave am, he wan chop free iPhone 15
8…. its ₦100 for 50mb
9… Stretch, when no be rubber band
10…. Bro said “I’ve been code vibing”
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