Live Ready

Reading can seriously damage your ignorance. Live Ready | 🦁

[Live Ready @FT__360]

“It gets easier… Every day it gets a little easier… But you gotta do it every day — that’s the hard part. But it does get easier.”

[Lagos Updates @Mylagosupdates]

🚧❌Mo ti gbiyanju pupọ. Stay safe. Today: Ikate, Lekki Epe Express Way.

[The Presiding Bishop @Ogidi_Of_Owa]

See the surrounding environment, smh

[Sola Adesakin @SolaAdesakin]

If I had a daughter starting her career today, there are 10 investments I'd tell her to make.

Only one of them is on the stock market.

The rest will shape her earning power, influence, opportunities, and wealth for decades.

[Nigerian Stocks on Bamboo @ngnstx]

How would you spend Femi Otedola's Geregu Power exit money?

Dream big, explore luxury, and print your receipt!

https://t.co/4jPKigUvbl

['Fisayo Soyombo @fisayosoyombo]

If you messaged or rang me here in the last seven weeks but got no reply, I didn’t ignore you. I have been away engaging in the activity that makes me feel the most alive: undercover investigating an impossible story, this time physically draining, mentally tortuous, away from civilisation and without my gadgets.

I will be taking two more months off social media — to consult a physician, get examined by a physiotherapist, possibly speak to a therapist, then get on with writing what is unquestionably my biggest story ever.

See you back online sometime in September.🙏🏾

[Mide.O 🩷 @Midatlblog]

Omo, see how an expressway was constructed in such a strategic part of the city/state.

This is not Ikorodu, Badagry, Epe, or Aj City.

This is the Lekki–Ajah section of the Lekki–Epe Expressway, one of the most prominent and visible corridors in Lagos, where about 97% of both local and international visitors are likely to pass.

When people see roads like this, it can make them judge the government harshly and see it as unserious or unworthy of trust.

Even if this road is temporary pending the commencement of the Green Line, the government should urgently call the attention of the contractors to fix it properly and use the opportunity to construct standard drainage.

The Green Line is not yet under construction, so the road can still be overhauled later. But it is not good to leave it in this condition.

Honestly, I miss Madam Engr Mide Adeyoye. Just like the LAMATA woman, she is a seasoned engineer.

If she were still in office, I doubt these contractors would attempt this kind of work because she personally supervised projects.

Just look at the section of the road completed before she left,it is very solid.

She also constructed Pen Cinema and was planning to use the same design for the VGC Bridge before she left.

Government should please help us by appointing round pegs in round holes.
It ultimately brings praise to the government itself.

Please, sir, let the contractors return to site and fix this road before it gets worse.
Many residents rely on this corridor every day. Please help us sir.
@jidesanwoolu @drobafemihamzat @JamesSonayon @STinubu @BadmusEniola @iamdayoamusa @LasgMOE @followlasg @LasepaOfficial @seunosiyemi_ @tokunbo_wahab @LASGWorks @funkeakindele

📷: Failing section of the Lekki–Ajah section of the Lekki–Epe Expressway due to substandard work by the contractors.

[Lagos Updates @Mylagosupdates]

I’ve been deeply invested in this project from the start, and I could foresee the outcome even before the rain set in. If we can’t get the basics right, then we still have a long road ahead. What we’re seeing now is the result of a so‑called world‑class project recently executed and frankly, it’s nothing short of ridiculous. @lagosstategovt @drobafemihamzat @jidesawoolu

[Live Ready @FT__360]

In all of this, my thoughts settle on @KMbappe. He arrogantly left Psg and they are back-to-back @ChampionsLeague champions.

The whole is greater than the parts 👍 Luis Enrique

[Manchester City @ManCity]

Pep's Taxi: 10 years later! 🚖

Pep finally gets the chance to show Braydon where he kept all of those trophies... 🏆

[Live Ready @FT__360]

Learn a language with me for free! Duolingo is fun, and proven to work. Here’s my invite link: https://t.co/pfOP7ZL9mX

[FéMi | NGX BUFF @the_goodfemi]

Making money on NGX is easier when you understand rotation.

Last week, when I saw the movement in UPL and Learn Africa, I told someone @Hatandahjnr money would soon rotate into Academy Press.

A few days later… 30%.

Some people are still chasing random penny stocks with no earnings and no structure because of green candles.

Meanwhile, the real game is happening among quality companies.

Dangote Cement, BUA Cement, and Lafarge Africa will keep chasing each other forever.

One always looks undervalued.
One always looks overpriced.
One is always sleeping before momentum wakes it up.

The market literally gives clues every week.

You just need patience and positioning.

You know what to do 😌😌

[FéMi | NGX BUFF @the_goodfemi]

Fidson is the Cheapest Pharmaceutical Stock

@quansimodo of @greentickertale gave a detailed analysis here

https://t.co/ySZMVnrIGl

[Kalu Aja @FinPlanKaluAja1]

The federal government declared him wanted

The federal government celebrated his birthday

The party that occupies the federal government appointed him to a reconciliation committee

He is in federal court

He is contesting a federal election

As Fela would sing, “the reason of Awa suffer e don dey show em face to us”

[Crypto Senko @keanxley]

NGX vs Ecobank: A ₦627 Billion Market Cap Discrepancy Investors Cannot Ignore

So, I was discussing with the TG members during our usual Sunday session, something we have consistently hosted every Sunday since 2021, free of charge. One of the topics we discussed was why continuous dilution should never be ignored when building long-term positions in companies. As we started breaking down the banking sector, we got to @GroupEcobank. We noticed major discrepancies in the reporting of its outstanding shares compared to what @ngxgrp currently displays on its platform, which, ideally, should be the go-to and most reliable source for investors.

So, I decided to do a deeper dive.

The first screenshot is from the @ngxgrp platform, which currently shows Ecobank’s total outstanding shares at 18,155,073,977. Multiplying that by Friday’s closing price of ₦97.4/share gives a market capitalization of ₦1,768,304,205,359.80.

The second screenshot is from S&P Capital IQ, which reports Ecobank’s outstanding shares at 23,731,207,437 shares. Interestingly, the last update there was dated 1 December 2025. Using the same closing price of ₦97.4/share gives a market capitalization of ₦2,311,419,604,363.80.

The final screenshot is extracted directly from Ecobank’s Q1 2026 financial statement under Note 14, page 29. The company itself reported outstanding shares of 24,592,619,000 shares. Multiplying this by ₦97.4/share gives a market capitalization of ₦2,395,321,090,600. What shocked me even more was that the same outstanding shares figure was also reported in Q1 2025.

Now, today is a weekend, so I do not currently have access to the Bloomberg Terminal to cross-check further, but working with these three data points raises serious questions.

So, who exactly should investors believe here?

Personally, I would naturally rely on the company’s own financial statements because they are the primary source, and I should know their actual outstanding shares.

NGXGROUP Market Cap for ETI = ₦1,768,304,205,359.80
Ecobank Q1 2026 Financial Statement Market Cap = ₦2,395,321,090,600
Difference = ₦627,016,885,240.20

That difference is highly material and honestly quite alarming.

Even if we compare S&P Capital IQ with Ecobank’s reported figures, we still get a discrepancy of about ₦83.9 billion, which remains very material. Meaning even S&P Capital IQ appears to be underreporting Ecobank’s market capitalization.

Now, this becomes a serious issue if @ngxgrp is not accurately reporting something as fundamental as outstanding shares. Market capitalization is one of the most basic valuation metrics investors rely on daily. If discrepancies of this magnitude exist, then it raises broader questions around data integrity and market transparency.

What does this mean for the future of our market if basic company information is either underreported or overstated? This is 2026; these are issues we should have moved past long ago. It honestly breaks my heart because these were part of the same structural issues that contributed to market inefficiencies during the 2007/2008 era.

And Ecobank is not even the only example. Even @ngxgrp previously had issues with the reporting of its own outstanding shares at some point (although I do not know if that has now been rectified).

This is why I always encourage investors to scrutinize everything. It is not just about making money. It is also about ensuring our market institutions uphold accuracy, transparency, and investor confidence.

I drop my pen here.

[Ayodele Lawal Adio @iamayolawal]

In March alone, Eti-Osa received nearly ₦2 billion from FAAC (₦1,943,613,804.20).

Yet when a tree fell and blocked traffic for three straight days at Bishop Oluwole street in VI, not a single local government official was anywhere to be found.

Now, I’m told a few men with cutlasses from @LASPARKLagos are doing everything they can to clear the road.

Local governments in Lagos are badly misgoverned, with little to no accountability to the people.

Does Eti-Osa look like a local government that has received almost ₦25 billion in one year, excluding IGR?

[Michael @OladejiTosin15]

Let me share what I have done in the past as a PmP mapped into the 5 steps from @DrOlaBrown's article.

Quick background so you understand where I'm coming from. During my YCT days, I used to work in some plastic factory hence the reason for my hard palm 😀😅. I also had to borrowed money to pay my first UNILAG school fees. I was visibly pako😀

disclaimer: Me, I’m not trying to be as rich as Dangote or Otedola 😅. far from it.
In fact, I’ve said before that once I hit my personal target of about $2m liquid assets, I’ll probably disappear to Igbotako for community development work and a quieter life.

Also, I am not rich yet. but we thank God

Now, lets see how the steps in the article fit into what I have done ... of course there are other things and steps that help

Step 1: Get into a good university.
I didn't stop at polytechnic. Even at YCT during my ND, I pushed for UNILAG. Finished with First Class in Accounting. BGS in both the department and faculty for both institutions. Over 20 academic awards.

I knew early that my CV has to scream for me given that no one could make the calls for me.

At my Sahara 2016 GMT programme final interview, they projected my CV to the chairman and other board members present at that interview - ND Distinction, First Class, BGS twice, ICAN, ACCA, 20+ awards.

The Chairman and the entire board couldn't even ask me a question. He just said: "Do you have any life? Did you have fun in school?" I can see how impressed and couldnt just say know...I knew I already got the job.

Step 2: Work in financial services.
I moved into consulting, focused on financial services and a very niche complex area (actuarial and quant). And I don't just deliver on client engagements. I want them to see the difference.
Two of the biggest insurance companies CEO in Nigeria wrote to Partner about how exceptional I was on a projects..That actually added more case to a back to back double promotion

I have slept in the office because of client deliverables. not once, not twice as a Senior and as a Manager.
There is no substitute for hard work. I keep telling younger ones this. You cannot shortcut excellence when you don't have connections backing you up.

Step 3: Realise it will take longer.
I play the long game. One reason I stayed back in Nigeria is because I can see the massive opportunities ahead in the space I work in.
The difference in my earnings over the last decade vs now is significant and it's still very far from what's possible.

Today I told some LASU students if they could imagine that some folks earn ₦30m+ per month in this Lagos?
The good thing about the path I chose is that seeing those numbers ahead is always comforting. The ceiling is high. You just have to be patient enough to climb.

Step 4: Grow your network.
Naturally, I am a very shy person. Extremely introverted. But in the last 5 years, I've pushed myself to connect with clients, colleagues, and people outside my comfort zone.
We've won engagements just because of a presentation I did for some years ago.

I make myself available for some pro bono work. My last IFRS 9 video took over 12 hours to produce, even though you all see 4 hours of content.
Some clients call me outside work hours. I focus on how to make them look good with their boss too. Networking is really just giving.

Step 5: Be aggressive about self development.
This is the biggest one for me.
ACCA. ACA. CFA. FRM. SCR. And now actuarial exams IFOA and SOA. Passed 14 papers across both in 3 years. Also failed 10 papers in that same period.
Failing is part of it lol. I'm quite aggressive.

Last December, I was in the office from Dec 26 to 4AM on January 1st writing a 96hour SOA assessment. I actually spent over 80 hours on it.
That means I literally started the new year in the office.
Extreme? Yes. I don't encourage anyone to do that. But that's what it took.

Working your way out of poverty comes with massive tradeoffs. And it's perfectly rational to decide not to do it that way. But if you choose this path, know that momentum compounds.
The early years are the hardest. The loneliest. But every exam, every late night, every relationship you build, it stacks up.

May be when I buy my AMG G 63😎, I will come back and confirm that yes it's possible. for now lets keep trusting the process.

I'm not even rich yet. But I'm always thankful for how far I've come. Grateful for everyone that has been part of my joinery...friends, family, colleagues , scholarships companies, bosses etc

TBT to my 2020 birthday...one clown had to remind me how I be pako for undergrate

[Live Ready @FT__360]

I completed the March challenge faster than 89.3% of all learners on Duolingo!

[Live Ready @FT__360]

The phrase "nigga moment" is a term popularized by the series The Boondocks to describe a specific behavior. 

A "nigga moment" is a situation where ignorance overwhelms the mind of a logical Black male, causing him to act in an illogical, self-destructive or irresponsible manner

[MAKANAKI @black_bhoy_]

Nothing beats this

[THE KINE 🌕🖤 @asher_kine]

Happy international women’s day. 💚