
CFEI® | Finance Journalist @Investingcom, @TheStreet, @FXFinanceFeeds, @Benzinga, @FinanceBuzz
Wall Street
Joined December 2016
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Damilola Esebame retweeted
Nigerian startups raised $635 million between January and September 2026, nearly 2.6 times the same period last year. That sounds like a boom, until you look closer.
In 2025, just 11 startups captured over 82% of Nigeria’s startup funding. A Google-backed initiative is testing whether curated investor matchmaking can fix that.
In @HopeRemy's latest for @financetracked, he covers how a Lagos investor matchmaking event is testing whether curated access can break the funding concentration choking Nigeria’s startup ecosystem.
#NigerianStartups #StartupFunding #VentureCapital #AfricanTech #News
It was great having such insightful conversations with @theofficial_ksa at the Moonshot by TechCabal event.
@peacelonge_onX and I asked some thought-provoking questions and walked away with fresh perspectives.
One of my highlights from Moonshot by @TechCabal was a panel on “The State of AI in Nigeria.” I’ve spent the last decade examining how technology changes businesses, economies, and society. More recently, much of my work has focused on AI, including its economics, infrastructure, security, and governance. I wanted to hear from those building Nigeria’s AI ecosystem.
Dr. @bayoadekanmbi moderated the conversation, and I liked the questions he asked the panel. With all the excitement around AI, what value are Nigerians actually getting?
@JohnsonAgogbua, founder & CEO of @KasiCloud, spoke about the need for local computing infrastructure and made a compelling case for data centres and GPUs capable of supporting AI applications at scale, as Nigerian businesses develop and deploy them.
This is a subject I’ve explored in my writing, including a recent @FastCompany piece on compute sovereignty. There’s a global race to build AI infrastructure, and Nigeria needs to think seriously about its place in it. But we also need to understand the economics, energy requirements, and where local capacity will deliver the greatest value.
@bunmiokunowo of @gatesfoundation raised another question that deserves more attention. Nigeria has promising AI projects, some of which have moved out of pilot purgatory into production heaven, but getting a lot more others beyond the pilot stage remains a challenge—an issue I’ve been exploring in conversations with leading AI voices @mayijisesan of @TheSVGirl.
I was glad to hear him speak about the importance of building solutions around the people who will actually use them, including frontline health workers, farmers, and communities with limited access to technology, which I agree with.
We sometimes become so fascinated by what technology can do that we spend too little time understanding what people need it to do. That was exactly what @satyx told me when we discussed the importance of defining business outcomes before deploying AI a few months ago.
Dr. Yetunde Anibaba, Senior Lecturer at the @LBSNigeria, also spoke about the need for coherent AI policy across government. I agree. AI has implications for education, healthcare, agriculture, employment, security, infrastructure, & economic development.
That’s why AI governance & policy are areas I’m increasingly working to contribute to, especially around responsible adoption, institutional capacity, & the economic implications of AI.
Looking forward to continuing these conversations. While I truly believe Nigeria has enormous potential in AI, I’d like to see us become just as interested in the results as we are in the possibilities. That means better healthcare, more productive businesses, stronger research capabilities, & useful technology for people who have traditionally been left out
PS: Of course, I took some cool photos with some cool peeps!😎
Cc: @peacelonge_onX, @efeoise_
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Higher interest rates have made family offices more selective about investing in real estate, with many focusing on highly discounted properties and assets with strong pricing power, chief investment officers told CNBC.
Rob Haugen of Michels Family Office said uncertainty over where interest rates are headed has made the firm pickier about investing in the asset class. Haugen oversees private capital investments, mergers and acquisitions at the family office and is also the chief investment officer of its spinout firm River1 Asset Management.
Read more: cnb.cx/4srJieC
I went through Anthropic's S-1 filing, expecting its $80.7 billion reported loss to be the most surprising number.
Instead, I found myself looking at where the money is flowing.
Amazon and Google are investing billions into Anthropic. But they're also among the companies Anthropic is contractually committed to paying billions for computing infrastructure.
Just look at these numbers:
→ At least $110 billion committed to Amazon.
→ Approximately $114.5 billion committed to Google.
→ Around 48% of H1 2026 revenue generated through cloud marketplaces.
In other words, Anthropic's strategic backers stand to benefit from its rising valuation, infrastructure spending, and expanding distribution network.
Which brings me to a bigger question:
Could the biggest financial winners from the Al boom be the companies selling the infrastructure rather than those building the models?
It's an interesting possibility when the same companies can participate in the upside of an investment while collecting payments from the business they're backing.
#AnthropicIPO #Anthropics1filing #ClaudelPO #Alboom
Six billionaires reportedly left California before a proposed wealth tax could catch them, removing $536 billion from its potential tax base.
I found the timing particularly striking because the measure hasn't even faced voters yet.
Could more departures follow?
In my latest for @TheStreet, I explored how California's billionaire tax fight is challenging assumptions about taxing the ultrawealthy.
#Billionaires #California #WealthTax #TaxReform #Economics
thestreet.com/taxes/zuckerbe…
About a month ago, @MorningstarInc highlighted my reporting for @TheStreet, where I examined Bank of America’s warning that excessive bullish positioning could leave the S&P 500 vulnerable to a pullback.
Damilola Esebame retweeted
Why We Don’t Invite Guest Artists to Our Church — Pastor Dolapo Lawal Reveals
Pastor Dolapo Lawal explained in one of his sermons why his church does not invite guest artists simply to attract a crowd.
He said, “If you can’t come to church for the Word of God, stay at home.”
He explained that Pastor Nathaniel Bassey is a prophet, which is why he was invited to their camp meeting. He added that the invitation was not motivated by a desire to attract a large crowd.
Pastor Dolapo Lawal also expressed concern about what he described as false salvation in today’s Christianity, arguing that many people who attend church in this generation have not genuinely experienced salvation.
Damilola Esebame retweeted
5 OF THE LARGEST TEN BANKS IN THE US HAVE NOW ENTERED A BEAR MARKET TERRITORY.
Bank of America: -23.5%
Wells Fargo: -20.1%
Goldman Sachs: -24%
Morgan Stanley: -24%
Capital One: -25%
Along with this, the KBW Nasdaq Bank Index has dropped 15.6% from its peak and has hit a 5-month low.
Historically, bank stocks peak before the recession, and if this decline continues, it'll be a sign that there's a lot of trouble ahead for the US economy.
Damilola Esebame retweeted
I interviewed @SokeyeA for @Inc about how and why he built @salaryindexng. More details about this in a few days.
Oh and this edit was entirely done with Claude. Interesting what we can do with AI😂
Damilola Esebame retweeted
Two brothers @kwok_phil and @dom_kwok moved back into their childhood bedrooms to build a company that made no money.
Today @easya_app is worth $1.1B, with over 1M users, and it never took outside funding.
My conversation with Dom and Phil Kwok is live on @Inc
inc.com/tobi-opeyemi-amure/e…
Damilola Esebame retweeted
It’s the first time I am hearing of an heavily oversubscribed IPO extended by weeks. New things often happen in 🇳🇬 stock market
Crypto exchanges may have little reason to sell your data.
Why? Because keeping it could be much more valuable, especially as AI agents begin making financial decisions on your behalf.
@KyleReidhead explains what that future could look like.
Read the full story on @FXFinanceFeeds: financefeeds.com/the-smartes…
Special thanks to @Outsourceposts for the media support and edits.
































