While fines are flying around, tech bros are getting finer
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Happy New Month!!
Good morning. We hope you have a great week and if you have doubts have hope in the fact that you are stronger than the naira. ICYMI, find the last edition here
Official News From Last Week
CBN has fined Paystack ₦250 million ($190,000) for allegedly operating its newly launched consumer product, Zap by Paystack, as a wallet in violation of its regulatory licence.
MTN Nigeria recorded a ₦133.7 billion ($102.85 million) profit in Q1 2025, its third consecutive profitable quarter.
Bolt launches ₦3.2M electric tricycles in Lagos with 15% driver commission
Meta, parent of Facebook and Instagram, has warned that it may shut down services in Nigeria over unresolved regulatory disputes and $220 million in fines, calling the country’s data demands excessive.
Flutterwave’s CTO, Urbhej Dhillon has announced his departure from the company.
Ride-hailing drivers who did not participate with the May 1 AUATON strike were reportedly being targeted with fake ride requests.
Remote Job Opportunities
Hecsan Enterprises is looking to hire a Virtual Assistant
Alpharithm Investments is looking to hire a Fullstack Engineer
Eastcoast Influencer Management is looking to hire a customer communications specialist
Mustard Stone Technologies Limited is looking to hire a UI/UX designer
Callnovo is looking to hire a Reporting Agent for Software account
Conscientia Health is looking to hire a Senior Accountant and Bookkeeper
As you know, 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.
The Headies took place last weekend, and while artists like Rema and Davido were among the biggest winners of the night, the voting process left many people dissatisfied. One such person was Ayoola, who had even pitched a redesign to the organisers.
NPF ke
Well its one thing to be a creative and another to be a business man
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Read the rest on X
How do we now talk about deals that didn’t fall through
2… No job title on the ID card, how will they know I am Oga?
New height to aspire to
3… Ghen ghen
Have they collected Binance’s fine?
Meta said we no go gree, we will rather leave over 50 million users
FCCPC people said we don’t care, you will still have your gbese waiting for you!!
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It’s like Meta sef no try
“These infringements includes denying Nigerians the right to control personal data, transferring and sharing user data without authorisation and discrimination against Nigerian users”
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Mr Jay chill now, there should be another way
But if they go, what will we be using? Have we built anything yet? Lets talk
4… Arsenal fans, hold on tight, Wednesday is here
Just say the truth…lol
5… Paystack never rest since dem launch this Zap
So it’s not only Seye Dele they didn’t invite
Its regulate before you innovate now oh
This too shall pass
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6… We never see money then na why… Now Tech is for fresh people
7… Ahan we are still phone watching in 2025
Eii
8…“The barriers to entry are illusory” Stay Locked IN!!
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