The IPO decision, I'd leave that for now.
Focusing on the VFD transaction, you are actually up 48% (on average) without dividends.
▪︎ VFD listed on the NGX on 6 October 2023 at ₦269.30/share
▪︎ In 2024, VFD issued 4 bonus shares for every 1 share held. One old share therefore became 5 shares.
▪︎ In 2025, VFD subsequently did another 5-for-1 bonus issue, meaning every existing share received five additional shares.
▪︎ So, assuming you qualified for both bonus issues, 1 original share effectively became 30 shares(1 × 5 × 6 = 30 shares).
▪︎ Your ₦269.30 purchase price translates to an adjusted cost of roughly ₦269.30 ÷ 30 = ₦8.98 per current share.
▪︎ At today's quoted ₦11.50, those 30 shares are worth 30 × ₦11.50 = ₦345.00
▪︎ ₦269.30 → ₦345.00 = +28.1%, before considering any dividend.
▪︎ Your second purchase at ₦205 would similarly have an adjusted cost of approximately ₦6.83 per current share if it qualified for both distributions. At ₦11.50, that tranche would be up roughly 68%.
▪︎ In summary, your ₦269.30 cost is actually ₦8.98. And your ₦205.00 cost is actually ₦6.83.
▪︎ At current ₦11.50 price, you'd have been up by 28% on the first tranche, and by 68% on the second tranche.
Therefore, I am afraid, this VFD example is not representative of the point being made.
Selah ✌️✌️✌️
Say no more.
Nigerian babies are fed sugar-packed Cerelac while European babies get the same brand with zero added sugar.
The same culprit? Nestlé.
Ultimately, NAFDAC is to be held responsible. Their mandate is to protect the health of Nigerians and they are failing at it.
Home, again! Mission complete. I hope we glorified God, humanity, our families and our terrific teams a @NASA and @csa_asc. Time to share the good news!
Nigerians come to Kenya visa-free but Nigeria is denying Kenyans visas after applying, paying $80, submitting flight + hotel bookings, invitation letters etcetera.
How is this acceptable?
🚀 Today, I'm officially launching @ArushaWealth , a registered and regulated financial planning & wealth management firm for immigrants and children of immigrants building their American Dream.
Over the past 18 months, I've directly helped 300+ people get their green cards & indirectly helped so many more. But there’s one reality we keep seeing: that's just the beginning of the journey, not the end.
We arrive with ambition & do everything right: we get into top schools, earn valuable degrees in the right fields, build strong careers & earn well, only to realize over time that high income doesn’t always translate into high net worth or lasting wealth.
You're earning well but you see how much goes to taxes
You're not sure how much should go to paying off your past student loans and how much to investing for your future
You have family obligations back home that you can't ignore & you're not sure how to manage this without sacrificing your own goals
Without a clear long term plan, you wake up down the line & realise you are stuck - permanently dependent on your paycheck to maintain the lifestyle you have.
This is not the American Dream we came here for.
We have officially launched @ArushaWealth a financial planning & wealth management firm for immigrants and children of immigrants in the United States. Built on my experience as a wealth advisor at Goldman Sachs Family Office, along with my training as a Certified Financial Planner® and my MBA from Columbia University, Arusha helps individuals & families put structure around what comes next through comprehensive financial planning, tax planning, investment management, and legacy and estate planning.
I've worked with some of the wealthiest American families and seen exactly how wealth is built, protected & passed down in the U.S. With Arusha, our focus is on bringing to immigrant families that same level of planning and the opportunity to build lasting prosperity.
Our clients so far include startup founders who have raised over $10M, and professionals across tech, finance, and law, including Microsoft, Amazon, the World Bank, private equity, and Big Law.
👉 If this resonates, feel free to reach out here: https://t.co/BzM2uwAYS3
And if you’d like to stay in touch & receive occasional updates and guidance, you can subscribe to our newsletter here: https://t.co/jUwsCu9LGE
This is just the beginning. I’m excited to work with the next generation determined to build lasting wealth.
I went down a Kenny Kore rabbit hole last night. That man was waaaaaaay ahead of his time. Jesus!!
The Eledumare Classic Album was everything!
Somore
Hallelujah
A demo
I believe
Yanibo
Born Again
Midnight
All these songs make more sense to me now as a believer.