David Afolayan

Learning mode...
Editor-in-chief @technextdotng
Reach me: [email protected]

[David Afolayan @aforisms_]

❤️ Cotonou...

[Technext @technextdotng]

@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: https://t.co/37nIc0m4aa

[David Afolayan @aforisms_]

@Babajiide Money is speaking...

[Technext @technextdotng]

Here’s full context to the image shared.

And yes, determination and passion are very important too😉
https://t.co/37nIc0m4aa

[Tuchel @Officially_Kriz]

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.

[David Afolayan @aforisms_]

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.

https://t.co/h4aPfuPGfG

via @technextdotng

[David Afolayan @aforisms_]

You can read more about it here:

How a $5.5M cheque from Jim Ovia helped build Moniepoint into a unicorn by @Lord_Rickie for @technextdotng

https://t.co/Q7gdSIoepn

[David Afolayan @aforisms_]

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.

[David Afolayan @aforisms_]

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.

[David Afolayan @aforisms_]

CEO Nnamdi Okeh announced that Konga has invested $2.7 million in Stable, a stablecoin payments startup.

He framed the investment as a direct response to the friction that continues to make international transactions costly and slow

https://t.co/OPN7AW7F2f

via @technextdotng

[David Afolayan @aforisms_]

@NaijaFlyingDr 👏🏾🔥

[David Afolayan @aforisms_]

I enjoyed reading this!

"Africa needs better government, but better government is not the whole answer.

The deeper question is: why does African money not become African capital more often?"

Why African Money Does Not Become Capital by @NaijaFlyingDr

https://t.co/nbxBZXfNi3

[Teddy Blank @teddypowday]

Your CEO should be strong.

Your CTO should be wise.

Your COO should be wicked, cunning, of mysterious origins, fluent in the dark arts, blurry in pictures,

[Ömoleye Ömoruyıᅠᅠᅠᅠᅠᅠᅠᅠᅠ @Lord_Rickie]

From a ₦2B liquidity crisis to an absolute shutdown this week. My latest post-mortem on the @brassHQ banking crisis is now live on @technextdotng. I track the timeline from early software glitches to the final @paystack merger.

Read the story here: https://t.co/xQgRxaGhhf

[David Afolayan @aforisms_]

Nigeria’s National Payment Stack (NPS) processed 153,000 transactions during its pilot phase, moving closer to a full rollout.

This infrastructure will unify banks, fintechs, mobile money operators, and other institutions on a single payment rail.

More: https://t.co/CR6NpAbz4C

[Niyi @theniyifagbemi]

The Horsemen of Ojude Oba 🇳🇬

[David Afolayan @aforisms_]

It was also nostalgic because I enjoy healthy debates. I have always been a debater. I won the Lagos State Debate competition in 2005, after winning the Local Government, District and final rounds.

I also won the NDLEA national debates in 2006.

[David Afolayan @aforisms_]

An aside:

I was one of 3 judges for the Children’s Week Debate Special on The Morayo Show last Thursday.

It was exciting to see young minds dedicated to an old art, executing it with impressive dexterity. We had one winner from 4 schools.

But I believed that all the kids won!

[Dr Ola Brown @NaijaFlyingDr]

There are 20m Nigerians in the diaspora today.

Only one is a billionaire and the project he used to turbocharge his career was back in Nigeria.

[Tuchel @Officially_Kriz]

Austin Okere built CWG, a $35k company, into a $90m one. He started from his house in surulere with importing Dell Computers from OEMs to designing core banking solutions for Oceanic Bank(now Ecobank), Standard Trust Bank (now UBA), and others. It's truly an inspiring story.