CFEI® | Finance Journalist @Investingcom, @TheStreet, @FXFinanceFeeds, @Benzinga, @FinanceBuzz
Wall Street
Joined December 2016
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Damilola Esebame retweeted
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
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
Damilola Esebame retweeted
The best kind of cheque as a startup founder is from repeat investors—people who come back to say, ‘Take more of my money.’ We had three such occurrences last week, and it makes me glad.
It sends the message: “We believe in you, and we're here with you.”
🧡
Damilola Esebame retweeted
Join Yara × @StreetbizHub this Friday, October 16, on X Spaces as we host @nathanojaokomo and @residentbabyboy to share real experiences, practical tips, and strategies for upskilling, standing out, and landing better-paying opportunities.
teapawt.net/i/spaces/1qKDzWpZbmBJV
Damilola Esebame retweeted
They prolly didn’t teach you this in school
A mutual fund’s return, relative to the risk free rate in Nigeria, actually any country the fund operates in, should tell you well enough about its risk profile, you know, how risky the assets in it are.
In Nigeria, for instance, the CBN’s 364-day Treasury bill auction stop rate was 15.85% as of October 7, 2026.
So, if a fund is returning 20% annually, you should be asking what risks you’re taking to earn that extra 4.15 percentage points above the bill rate.
The higher the risk, the higher the return you are expected to demand for taking it on (explains why loan apps charge “ridiculous” rates, cos they’re loaning without collateral, odikwa very risky)
The risk-free rate is your benchmark. It represents the return you can earn with minimal credit risk, typically proxied by government backed securities in a country. Of course, this is a starting point, not a complete measure of risk. You still need to consider volatility, liquidity, credit risk and the fund’s underlying assets.
But never look at returns in isolation.
Damilola Esebame retweeted
Thank you for believing in Pewbeam from early on and backing what we’re building. Glad to have you on this journey 🤝
Closed a $30k investment into @pewbeam_ai to start off Q4. Thats one startup I have been excited about even before becoming an investor. 2-3 more checks in Q4 and we wrap up 2026 szn. We move
Damilola Esebame retweeted
Join Yara & @streetbizhub on October 17 as we host @nathanojaokomo and @residentbabyboy to share their experiences, practical tips, and strategies for upskilling, standing out, & landing better-paying opportunities as a content marketer.
teapawt.net/i/spaces/1qKDzWpZbmBJV
Damilola Esebame retweeted
100%. GB is very solid.
He texted me the very week Pewbeam launched: “Good work, how can I support you?”
I love the CEO he has become, not just in FW but in the African tech ecosystem.
Damilola Esebame retweeted
@coinbase's subscriptions and services line went from about $6M a quarter in 2020 to $555M, 48% of net revenue.
Is $COIN turning into a data business? Three people in the trade gave @efeoise_ three different answers 🧵
financefeeds.com/the-smartes…
Damilola Esebame retweeted
@Shalom_HeyEliy, a Nigerian software developer based in the UK, built the Lagos Life browser game in under 12 hours. Days later, it had crossed two million players and pulled in more than $46,000 in advertising revenue.
Lagos Life hit one million users faster than ChatGPT did at launch. Brands are already renting virtual billboards for as little as ₦5,000 weekly, turning street-level attention into cultural placement.
In @HopeRemy's latest for @financetracked, he covers how Mathew’s weekend experiment is reshaping Nigerian-made consumer tech.
#LagosLife #NigerianTech #BrowserGaming #AfricanStartups
Damilola Esebame retweeted
African healthcare VC funding collapsed 78% in 2024, falling to just $43 million across 27 deals, a six-year low. Fintech, meanwhile, absorbed 59% of all venture capital deployed on the continent.
Most investors walked away from health deals entirely. @NaijaFlyingDr did the opposite, keeping HealthCap Africa's early-stage checks flowing into startups across 10 African countries.
In Oluwafemi Adedeji's latest for @financetracked, he covers why one Nigerian doctor-turned-investor is betting against the healthcare funding drought sweeping African venture capital.
#AfricanHealthcare #VentureCapital #HealthTech #ImpactInvesting
