Bank traders represent less than 5% of all Forex participants, with speculators making up the remaining majority. However, those bank traders generate 92% of all trading volume
Bank traders represent less than 5% of all Forex participants, with speculators making up the remaining majority. However, those bank traders generate 92% of all trading volume
Yesterday’s Lagos derby gave the NPFL another boost. 🔥
A lot of you don’t know how fun these games are because you’ve never been to them. 😂
Lagos: Inter vs Katsina
PH: Rivers vs Ikorodu
Kano: Pillars vs Sporting
Enugu: Rangers vs Abia
Go experience it this weekend! 🥳❤️
This is what became missing in most societies. I started working and saving during holidays to buy my own stuff when I was 11. I bought my first car while I was still in school, from the fruits of my hustle.
Young people should be allowed to work for a decent wage as early as possible. The work ethic they learn will never leave them.
I used to wonder why my cousin in America, whose parents were well-off professionals was working for Burger King after school. It wasn't because she needed to, but it was helpful in helping her build herself up. Now she is a successful accountant.
@bernard_parah reminded me of doing this for my kids recently. Maybe my boy should work for his laptop during his holidays. I should find him some remote gig.
Everybody is japa-ing out of Nigeria. But have you stopped to ask who is quietly ‘jawole’
🇨🇳 Chinese contractors who do not speak one word of pidgin are running our biggest infrastructure projects. Railways, power, roads.
🇱🇧 Lebanese families have been in Lagos, Kano and Onitsha since 1885. They own Chagoury Group, Seven Up, Eko Hotels. Fourth generation Lebanese-Nigerians now hold our passport.
🇮🇳 The Indian community in Nigeria is 50,000 strong. Doctors, teachers, business owners. Most concentrated in Lagos and Abuja.
🇬🇧 British consultancy firms like PwC, Deloitte and KPMG have been here since colonization. They just changed the signage. KPMG alone has 800+ professionals in Lagos.
🇿🇦 My darling South Africans came in big. Shoprite, MTN, Woolworths, Game. Most have now exited Nigeria. They came, they tried, they left.
The country is harder to leave than to enter for some.
Is there something about Nigeria that we are running from and others are seeing?
The Messenger of Allah, peace and blessings be upon him, said, “Allah Almighty said: O son of Adam, if you call upon Me and place your hope in Me, I will forgive you despite what is within you and I will not hesitate. O son of Adam, if you have sins piling up to the clouds and then ask for My forgiveness, I will forgive you without hesitation. O son of Adam, if you come to Me with enough sins to fill the earth and then you meet Me without associating anything with Me, I will come to you with enough forgiveness to fill the earth.”
Source Sunan al-Tirmidhī 3540
Just wrapped up a 4-part IFRS 9 ECL series with a focus on the modelling. Almost 4hrs in all but to follow through with the modeling you probably need at least 8hrs.
Part 1: A brief intro - Classification & Measurement (SPPI, business model assessment, EIR dynamics)
https://t.co/3bkR837xxD
Part 2: ECL framework + EAD Modelling (amortisation profiles, CCF, behavioural assumptions)
https://t.co/vcC7airsu7
Part 3: PD Modelling (Markov Chain, transition matrices, lifetime PD term structure)
https://t.co/7i6MDxjnNI
Part 4: LGD + Full ECL (recoveries, collateral projection etc)
https://t.co/4C3L89lss1
Some snippets 👇
Also used the opportunity to highlight advanced Excel functions like LET, LAMBDA, and SCAN. Worth exploring if you’re into complex modelling.
Of course, it’s almost impossible to cover everything within a limited time. I only just scratch the surface😎.
#IFRS9 #ECL #CreditRisk #Quant
They didn’t launch another crypto token, they turned compute power itself into currency.
435,000+ GPUs.
93 countries.
$344M powering real AI workloads.
Predictive Oncology x Aethir built the world’s first Strategic Compute Reserve.
Follow @AethirCloud, Link in comments.