Funsho

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Funsho

Funsho

@devfunsho

Human | Husband | Tech bro | Aspiring Finance bro

Lagos, Nigeria شامل ہوئے Ağustos 2010
697 فالونگ5.4K فالوورز
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Funsho
Funsho@devfunsho·
I’ve been thinking to myself a lot and I will like to know people’s opinion. Which of these has a better chance in Nigeria?
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Odogwu Machalla
Odogwu Machalla@unicodeveloper·
New day, new project. @claudeai hope you have the compute. Don’t let me down!
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Salus Cloud
Salus Cloud@Salus_Cloud·
We've seen this one play out a few times now. The team is under pressure to ship, and the deadline was yesterday. The DevOps engineer, with three days of bad sleep and back-to-back standups, is moving fast through YAML configs just to get it over the line. Two weeks later, there's an incident. The database was publicly exposed. The customer’s data was accessible. Not because anyone was careless. Not because they didn't know what a secure config looks like. They knew. They were just moving too fast, in a moment where one missed setting was all it took. Around 80% of cloud security exposures trace back to misconfiguration. Not sophisticated attacks. Not zero-days. Just configuration drift, skipped steps, and good engineers in bad conditions. The pattern is always the same: the pressure comes from the business, lands on the delivery team, and the thing that gives first is the thing nobody can see until it's too late. Shipping slower isn't the answer. But building a process that only holds together when your team is well-rested and unrushed — that's the actual problem. The teams that stop having these incidents aren't more careful. They've just removed the steps that depend on someone remembering. The teams that stop having these incidents aren't more careful. They've just automated the parts of the process where human error under pressure is almost guaranteed.
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Akintola Steve
Akintola Steve@Akintola_steve·
A Nigerian fintech founder raised $2M, built a slick app, onboarded 40,000 users. Then CBN, NDPC, and FCCPC came knocking at the same time. He had no licence. no DPO. no KYC tier structure. no breach policy. The company didn’t survive 2024. Here’s every rule you must know before you build:
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charles bivins
charles bivins@bivins1·
I’m deeply concerned by the continued silence of @SECNigeria and @ngxgrp regarding the serious infraction committed by @Afrinvest over the glitch that resulted in unauthorized trades on multiple clients’ accounts. Despite assurances that “the issue has been resolved,” it clearly has not — and this lack of transparency only heightens investor anxiety. I urge @SECNigeria, @ngxgrp, and @fccpcnigeria to act swiftly to safeguard investors, uphold market integrity, and restore confidence in the system. If @Afrinvest cannot resolve this situation promptly, I will be advocating for the revocation of their license. This matter has lingered for far too long, and the continued execution of trades without clients’ authorization is unacceptable and demands immediate regulatory intervention.
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Valyu
Valyu@ValyuOfficial·
Introducing the Valyu CLI Built for AI (or human) knowledge workers. Search → Contents → Answer → DeepResearch Fully open-source & instantly available.
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Mudi
Mudi@MudiTheInvestor·
@Afrinvest response to this situation is deeply concerning. A system glitch on their platform executed multiple unsolicited trades on investors’ accounts… and now they’re asking those same investors to bear the financial consequences? Let’s be clear: These were not user-initiated transactions. No investor placed those orders. This was a broker-side failure. Yet the resolution being offered is: “Fund your wallet or sell the shares.” So investors are now forced to: • Inject fresh cash to fix a problem they didn’t create, or • Sell positions they never intended to hold And here’s an even bigger question nobody is answering: Who pays for the transaction costs? Because every trade comes with: • CSCS charges • Broker commissions • SEC/NGX fees • VAT and other taxes If these trades were triggered by a system glitch, why should investors also bear: the cost of execution… and the cost of reversing it? That means investors could lose money even if they immediately sell, simply because of fees tied to trades they never authorized. How is that acceptable? Ownership of the shares is being used as justification, but let’s not ignore the core issue: Consent. These trades were executed without investor authorization. In any fair and properly regulated market: • Unauthorized trades should be reversed, or • The institution at fault should absorb all associated costs Not pass everything onto the customer. This is bigger than Afrinvest. It’s about market integrity, investor protection, and accountability. Because if this becomes the standard, then every retail investor is exposed to system risks they cannot control… …and still forced to pay for. That should worry all of us
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Odogwu Machalla
Odogwu Machalla@unicodeveloper·
I built an open-source X-ray into Wall Street. The world's first AI Whale Radar! Track in real-time from SEC filings: -> Institutional holdings -> Every Insider activity -> Whale moves Retail investors react. Whales position. 🐳 🔗 open-whales.com
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Olufemi AWOYEMI
Olufemi AWOYEMI@OlufemiAwoyemi·
"Slow down, you are making the rest of us look bad.' Never slow down excellence. Just reduce the noise around it.📌
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Funsho
Funsho@devfunsho·
@greentickertale Companies will promise dividend a set ex dividends date to four months away. Banking on future cash flow and income to pay dividend
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Rufybaba
Rufybaba@Rufyb·
Interesting. Packaging costs are one of NB's major cost components, especially for its non-alcoholic and soft drink brands (Maltina, Amstel, Fayrouz, Climax, Zagg, etc.). Deals like this may be seen as a strategic decision to secure a domestic supply of packaging material, which reduces their dependence on imported virgin PET. Given naira volatility and FX scarcity in Nigeria, this makes sense.
Rufybaba tweet media
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Funsho
Funsho@devfunsho·
@Okwxkwe @unicodeveloper I remember when I would park and be smelling my brake pads. We thank God for changed heart 😅
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Rufybaba
Rufybaba@Rufyb·
@Oladayo_Adenubi Lmaoo... Na so dem dey do. Revenue growth all these years has been because of monstrous price increases. But yeah, "aggressive scaling".
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Rufybaba
Rufybaba@Rufyb·
🫠🫠😶‍🌫️😶‍🌫️
Rufybaba tweet media
Rufybaba@Rufyb

Presco interim FY 2026 numbers are solid. Revenue grew by about 60%, operating profit margin came in at 52%, normalised profit grew by 54%, and net profit margin stood at 28%. These are very strong numbers. That said, there is a concern. The Q4 2025 numbers were weak, and the same pattern also showed up in Okomu Oil. Presco’s revenue declined by about 18% in Q4 2025, and operating profit dropped sharply by roughly 60%. This outcome is not surprising. Commodity prices had already begun to retrace, so it was only a matter of time before the impact showed up fully in the numbers. Palm oil producers tend to do extremely well during periods of FX volatility and scarcity. Local producers, especially those that export, benefit significantly during currency depreciation. Export earnings rise, while importers of palm oil see their unit economics deteriorate sharply when the currency weakens. As FX becomes more expensive and unstable, many importers either struggle or exit the market altogether. This leaves local producers like Presco and Okomu in a dominant position, allowing them to raise prices almost freely. Previously, the Russia Ukraine war pushed global commodity prices sharply higher. In addition, the global fragmentation triggered by COVID disrupted supply chains and distorted demand and supply dynamics. Indonesia introduced protectionist policies, logistics were constrained, prices spiked, and inflation rose globally to levels not seen in a long time. All of these factors worked strongly in favour of palm oil producers. Things are more stable now. And historically, palm oil producers do not make outsized profits during periods of stability. Growth will naturally moderate. Prices have already been increased across the board, price parity has been achieved, import economics are now more aligned with local pricing, and consumers have largely adjusted to higher prices. That exceptional window has closed for now (which is why I strongly worry about Ellah Lakes and their investment plans).

Lagos, Nigeria 🇳🇬 QME
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