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Read: Why Glo's CEO resigned and what an ethical ad looks like

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Official News From Last Week

1. Kobo360, a Nigerian truck-hailing startup supported by Goldman Sachs, carried out company-wide layoffs across its seven markets in November 2024. It reportedly reduced its 50-person team by at least 30 roles, in its largest market, Nigeria.

2. Globacom CEO Ahmad Farroukh resigned just one month after his appointment in October 2024. Several industry insiders indicate that the decision was likely tied to major challenges within the company’s organizational structure.

3. The Nigerian Communications Commission (NCC) has authorized a 50% tariff hike for telecom companies, the first increase in the sector in almost eleven years.

4. Nigerian fintech company Moniepoint secured $10 million from Visa, bringing its Series C raise to more than $120 million.

5. MTN Nigeria’s share price jumped to ₦256, reflecting a 9.87% increase following the approval of a 50% telecom tariff hike. This rise signals renewed investor confidence in the company’s profitability after two years of consistent losses.

6. Transgrid Enerco Limited has entered into a share purchase agreement (SPA) to acquire a 60% equity stake in Eko Electricity Distribution Company (Eko DisCo), Nigeria's second-largest electricity distributor.

Remote Job Openings

1. Kora is looking to hire a Senior Backend Engineer

2. Bumpa is looking to hire an Account Manager

3. Basecode is looking to hire a Marketing Specialist

4. Bumpa is looking to hire a Customer Support Agent

5. Moniepoint is looking to hire an Engineering Manager

6. Moniepoint is looking to hire a Director of Product Management

7. GoLemon is looking to hire someone to lead its Front End Engineering team

As you know, this isn't your typical 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.. Cenoa says Chipper isn’t cheaper

Pearl’s POV

The street is saying it’s comparative marketing, and not unethical.

Interesting thread, you can read more on this topic here

2.. Matters arising…

2/2 Someone called Globacom an OGA-nisation

Asemota's last sentence feels like an African mother's words—hard to tell if it's well-wishes or a subtle warning.

This description is too specific for it not to be past flashbacks.

Some advice

3.. But sincerely there is no flowing water

4.. Sometimes that is just how the cookie crumbles 😂

5.. These are the issues

Ezra keeping it real

Sadly, employees can't even access their bank accounts

well, see

Legal angle
1/3

2/3

3/3

6.. Speaking of Fintech companies. Bento is in the news again

The tweet below was made in 2024 (1/2)

2/2

This year, more people have come out to voice their dissatisfaction with Bento’s service

1/2

2/2

Salary of a staff still pending…hmmm

stealing pensions is wild

Wait, Gun as how???

context

Asemota cannot believe his eyes…lol

Missed remittances where? Babajide cannot relate sha

8.. OpenAI vs Deepseek

Priorities, guys

At least Bosun is trying

9.. Who doesn’t love a growth story?

Popsi said education is Plan A &B

This is where I insert one aspire to inspire quote. But congratulations to Edesiri 🎉🎉

What was your favorite highlight of the week?