1.. It was reported that hackers made away with over ₦2.9 bn of Flutterwave's money
Flutterwave responded and assures customers that their platform has not been hacked, and no funds have been lost.
Hmmm
A tweep user’s response to King Salako’s tweet
Connecting 2 + 2
I was like ehm but he dinno tag anyone
2.. Keep moving with faith while hoping for a better life 👌
3.. So you people sleep with other people’s girlfriends? Auzubillahi o
4.. They said Nigeria's senior devs scene just got 'seniorly depleted'!
5.. One would think Jude and Uncle Dare get underlying issue
6.. Conversation between Chippercash and their customer
Maybe it’s a new customer rep
7.. So Uncle Fola made a TL asleep post, TL sha woke up to ratio him
The post had different and interesting takes and comments though, you could check it out
E say nah e je ko cook
Lmaooo
8.. Abeg give us update o
9.. That’s the only way o, abi create a new account
Enipe??
10.. They said make una do better
Someone said, “Is it for Eba?”
Backstory on is it for Eba
Wawu
Another angle
11.. From Dr Neto
Official News
Twitter Blue, the subscription service that allows users to edit tweets and create bookmark folders, has been launched in South Africa and Nigeria. The service also includes the coveted verified checkmark, indicating which users are verified. Users of iOS and Android devices will pay flat rates of ₦5,000 and R200.00 monthly, with discounts of 12% for Nigeria and 13% for South Africa. Web subscribers will pay ₦3,650 and R144.99 monthly, and the annual subscription costs ₦38,500 and R1,519 for the web, while iOS and Android device subscribers will pay ₦52,900 and R2,099.
Silicon Valley Bank (SVB), a popular bank for tech startups in the West, experienced a funding boom during the pandemic, resulting in its customers' deposits increasing from $60 billion in 2019 to $189 billion by 2022. However, the bank decided to invest some of its money in mortgage-backed securities (MBS) with a 10-year term at 1.25% interest rate. But by 2023, the interest rates for MBS grew to 4.65%, leading to a $1.8 billion loss for SVB if it sold the bonds. In an attempt to recoup its losses, the bank planned to raise capital from shareholders, but the announcement caused most customers to request withdrawals, and the bank did not have the funds to repay them. The FDIC and the US Federal Reserve have since announced that all deposits, insured and uninsured, will be protected, and depositors will be able to access their funds starting this week. SVB's customers, including African startups like fintech Chipper Cash, will get their money back, and there will be no losses borne by taxpayers.
Nigerian startup Ruubby has launched a platform that enables users to build their credit scores while shopping for items online. The startup aims to help Nigerians build and improve their credit scores by submitting their transaction data to credit bureaus. Through its buy now pay later (BNPL) program and credit builder program, Ruubby also provides immediate access to financial products. Ruubby has already signed up some businesses as partners and created online stores through its platform. The startup plans to onboard more businesses and expand to other African countries in the next five years.
Nigerian B2B e-commerce platform Alerzo has laid off 15% of its full-time workforce in a second round of layoffs aimed at pushing profitability, the company confirmed. Alerzo had previously laid off 5% of its full-time employees in September 2021 due to the digitization of some roles. Before the layoffs, Alerzo had a headcount of over 2,000 employees, half of whom worked full-time, but now has around 800 employees at the startup. Alerzo serves over 100,000 retailers and was break-even in Q3 2021 before expanding nationwide.
Andela, the global talent network that specializes in finding and developing software engineering talent across Africa, has acquired Qualified, a talent assessment platform that certifies top engineering talent. The deal, which was completed for an undisclosed sum, will add approximately 3.6 million engineering talents to Andela's talent community. Qualified, which is known for its Codewars platform, enables technical talents to compete and develop practical coding skills through gamified challenges. This is Andela's first publicly announced acquisition, and it comes as the company refocuses on senior developers. The company, which operates in over 170 countries, has a strong presence in emerging markets like Nigeria.
Great