Joined November 2013
1,856 Photos and videos
📍This is the state of the Herbert Macaulay way in Yaba, sir @tokunbo_wahab Eko o ni baje oooo!
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TikTok removed over four million videos in Nigeria during the last quarter of 2025 for violating community standards, according to its Q4 community guidelines enforcement report released this week. 99.9% were taken down before a single user reported them technext24.com/2026/06/09/ti…
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The 9 companies Sim Shagaya built: From early failures to rewriting Nigeria’s tech rules... technext24.com/2026/06/11/th… via @technextdotng
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Airtel Africa’s CEO, Sunil Taldar, received approximately ₦1.5 billion ($1.09 million) in bonus during the 2025/26 financial year. This follows the operator’s 147.4% year-on-year (YoY) increase in profit after tax. Read more: technext24.com/2026/06/10/ai…
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David Afolayan retweeted
20 Aug 2024
What destroys companies the most I’ve seen is toxic geniuses! One will think it’s under-performers but they you can coach you see those toxic high performers ? They chip away at your culture and then destroy performances of others because of their toxic behavior
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David Afolayan retweeted
A government agency either briefed the presidency or it did not. Both versions were published on the same day. Minister, which is true? 🔗 technext24.com/2026/06/07/fc…
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Fact Check: Is Trevor Noah’s claim that Nigerian drivers gamed Uber’s 100% bonus true? Now, it is important to note that there was no timeline for Trevor Noah’s story. However, Uber entered the Nigerian market in 2014 as a luxury taxi service Full report technext24.com/2026/06/09/tr…
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The Nigerian Communications Commission (NCC) has said it will review whether eligible telecom subscribers received the airtime compensation they were meant to receive. Read more here: technext24.com/2026/06/09/nc… via @technextdotng
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David Afolayan retweeted
Jun 8
The Fall of DSTV DSTV raised its subscription prices three times in two years. Then it lost 1.4 million Nigerian subscribers in those same two years. Then it slashed its decoder price by 50% to beg those subscribers to come back. Some people will call it business strategy but this is a company eating itself alive and wondering why it is hungry. The numbers are brutal. MultiChoice lost 2.8 million active subscribers across Africa over two financial years. 1.2 million in 2025 alone. An 8% year on year decline.  Nigeria accounted for 77% of subscriber losses across all of MultiChoice’s African operations outside South Africa. The Rest of Africa base collapsed from 9.3 million in 2023 to 7.5 million in 2025.  Nigeria did not just leave DSTV, they buried it and the content is leaving with the subscribers. BET Africa and MTV Base shut down January 2026. CBS Reality and CBS Justice went December 2025. CNN International, Discovery Channel, Cartoon Network, TNT Africa, Food Network and several others were all at risk of removal.  A platform charging premium prices while removing the channels people subscribed for is not a product anymore but a subscription to disappointment. DSTV built its Nigerian dominance on a monopoly with no serious competition for decades. So it did what every monopoly does when it feels untouchable. It raised prices whenever it wanted, reduced value whenever it could, and treated Nigerian subscribers like they had no alternative. Then Netflix arrived. Then YouTube got faster. Then data became more accessible. Then the naira collapsed and Nigerians had to choose between DSTV and eating. Omo we chose eating. MultiChoice responded by cutting decoder prices from N20,000 to N10,000 and launching a promotional campaign called “We Got You”. “We Got You” from the same company that raised your subscription three times in 24 months, removed your favourite channels, and treated your complaints like background noise. They did not get you, they lost you and now they are running after you with a discount like an ex who only calls when they realise you moved on. DSTV is not falling because of Netflix or the economy. It is falling because it spent twenty years treating Nigerian consumers with contempt and assumed loyalty was the same thing as having no choice. Nigerians finally got a choice but not MultiChoice
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E-hailing drivers in Lagos have embarked on a rally to protest the refusal of Uber, Bolt, and inDrive to implement mandatory health insurance for drivers. The union is also demanding fair and realistic fare structures and a reduction in commissions More: technext24.com/2026/06/08/au…
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The Federal Competition and Consumer Protection Commission (FCCPC) has denied any involvement in reports that it briefed the presidency on plans to dismantle South African firm Optasia’s dominance of Nigeria’s airtime credit market... technext24.com/2026/06/07/fc… via @technextdotng
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❤️ Cotonou...
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David Afolayan retweeted
Replying to @smartnakamoura
Determination and passion matter. A $5.5M cheque from the right believer doesn’t hurt either 😄 We broke down the full story behind Moniepoint’s early funding, investor rejections, and the bet that changed everything here: technext24.com/2026/06/05/ji…
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David Afolayan retweeted
Tosin Eniolorunda, the founder of Moniepoint, talks about how Moniepoint was instrumental to Item7 success story. He said that Moniepoint provided their payment infrastructure and gave them most of the loans they used for funding.
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The Nigerian telecoms industry saw a sharp drop in foreign investment after recording a $7.24m capital injection during the first quarter of 2026. This amounts to a 91% year-on-year drop compared to the $80.78m recorded a year ago. technext24.com/2026/06/05/fo… via @technextdotng
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Moniepoint founder and CEO Tosin Eniolorunda has revealed that the company's first significant funding round came from banking mogul Jim Ovia. According to Tosin, Mr Ovia wrote a $5.5 million cheque for 20% of the business after seeing an early pitch deck.
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The founder disclosed this on Nidacity, an entrepreneurship podcast hosted by former Finance Minister Kemi Adeosun, where he also spoke candidly about the difficult early days of building. “There were hard times certainly,” he said.
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