Oriyomi Kasali

Finance Specialist| Instructor| Lecturer| Luxury Photographer| Consultant

[Oriyomi Kasali @EmperorYomight]

I’m going to @sobur_bello’s upcoming Space. Will you join too?

https://t.co/q3msY87akb

[Oriyomi Kasali @EmperorYomight]

@renoomokri How can I have real Estate, REIT,
What's the best investment low/middle earners can venture into please.
How can I buy Treasury bill?

Please help

[Oriyomi Kasali @EmperorYomight]

@yabaleftonline When the husband is not meant!

[Oriyomi Kasali @EmperorYomight]

Never give up on something you really want. It's difficult to wait, but it's more difficult to regret.

[Oriyomi Kasali @EmperorYomight]

And if your answer is "yes", then you're a winner.

Just imagine what would happen if everyone thought like that?

There'd be fewer sad people.

#GOAT𓃵 #LifeLessons #LifeHacks

[Oriyomi Kasali @EmperorYomight]

Life is such like a match & we should approach it like that.
When you play a match, you should play to win.
Run fast, play hard, challenge your opponent.

But when the match is over...

Don't think: "did I win or lose?"
Ask yourself instead: "Did I give it my very best?"

[Oriyomi Kasali @EmperorYomight]

@YourSecret777TV Zero

[Oriyomi Kasali @EmperorYomight]

Sincerely, it is not about the things you have but the way you look at the things you have.

[Oriyomi Kasali @EmperorYomight]

@Kadija__muhmd So you went to party and couldn't find one to exchange with?

[Oriyomi Kasali @EmperorYomight]

@Theemarh_Baby You don't have to come here to seek. Pick one from your street and stop fooling yourself

[Oriyomi Kasali @EmperorYomight]

@Hooyokaaho_ You should be ready to born 50 children and working 24/7 to support the family. Shikena!
No family fit pressurize me. I get coolant.

[Oriyomi Kasali @EmperorYomight]

@fatimamohd400 @Khadimurosul1 Why asking when you can just drop

[Oriyomi Kasali @EmperorYomight]

@Khadija_muhmd I don't need it.

[Taiwo Oyedele @taiwoyedele]

10 major implications of ​Naira exchange rates unification

With the Nigerian Naira now exchanging in the official forex market at market determined rates, a significant market distortion has been removed. Expectedly this will come with both positive and negative implications.

The major impacts will include:

1. Significant rise in government debt in naira terms by about N12 trillion to N90 trillion i.e. external debt of $42bn will increase by the difference between the old and new rates.

2. As a result of the above, debt to GDP ratio will increase by about 5%

3. There will be a corresponding increase in debt service cost with respect to foreign debt service

4. Government’s revenue will increase in naira terms resulting in a higher tax/revenue to GDP ratio. Corporate tax collection may however decline as many businesses crystallize forex losses due to the higher exchange rate.

5. Possible reduction in budget deficit if government’s forex revenue exceeds foreign currency obligations, an increase in budget deficit will arise if otherwise

6. Possible impact on the pump price of petrol which could inch closer to the current pump price of diesel

7. There should be some cost savings as government discontinues with the various fx interventions e.g. Naira4Dollar, RT200 etc which cost tens of billions of naira

8. The country will attract fx inflows especially from portfolio investors, FDI and exporters proceeds. Impact on diaspora remittances would be marginal.

9. The capital market will benefit as it is likely to appreciate further as foreign investors take position

10. There should be negligible impact on the general prices of goods and services as products already factored in parallel market rates to a large extent.

Overall, this is a positive move. However, the government needs to manage the dynamics to restore confidence. The backlog of forex demands need to be addressed and government should be ready to supply forex to stabilise the exchange rate in the short term.

Also relax capital control and administrative bottlenecks including unbanning the list of items prohibited for fx (and complement with higher import duties), remove the need for certificate of capital importation etc to prevent the parallel market rate from simply moving further away from the official market rate.

Stop the demand for certain taxes and levies in foreign currency, it creates unnecessary fx demand without adding to supply.

The aggregate demand for fx across markets should reduce as round-tripping incentive is removed, for instance people who fake foreign travels just to get fx at discounted rates. Also, Nigeria's sovereign credit rating should improve if this is complemented with the right fiscal and monetary policies thereby attracting more fx inflows and lowering the cost of borrowing.

https://t.co/QFQJKte5Dp

[Oriyomi Kasali @EmperorYomight]

A single rose can be my garden, a single friend can be my world. Things are never quite as scary when you've got a best friend.