Innocent

Finance~Investment~Tech~Music

[Globe Eye News @GlobeEyeNews]

BREAKING:

Elon Musk officially becomes the world’s first trillionaire.

[Innocent @Innocent_ce]

Director, Finance?? Anyone?

[EgoKuwait 🇰🇼 @Egokuwait]

This my age don serious pass graduate trainee.

Nobody need MD,GM, CEO, COO, or DG?

[EgoKuwait 🇰🇼 @Egokuwait]

This my age don serious pass graduate trainee.

Nobody need MD,GM, CEO, COO, or DG?

[𝓓𝓸𝓬_𝔃𝓮𝓮 ✧ @doc_zee7]

Me refusing to sleep because i didn't get enough time to feel like human after work

[Innocent @Innocent_ce]

Honest question!!!

[Temitayo 🧘🏾‍♂️🪔🧘🏾‍♂️ @tehmie_]

Senior 9-5ers, how do you people find love or maintain your relationship?

My unread messages increased by almost 400%, I miss most calls, I get home to sleep asap, abeg how do you people maintain or find love with the 9-5 work load?

[Toby @TomolaGroup]

Tony Elumelu has just been named Chairman of Seplat Energy.

Six months ago his Heirs Energies paid $500 million for a 20% stake. Single biggest shareholder in the company. Now he’s taking the head of the boardroom too.

This is how it actually works. You don’t ask for control. You buy the position, and the title follows.

And look at what he already holds. UBA in banking. Transcorp in power. Now Seplat in oil. One man at the head of the table in three of the sectors that move this country.

New CEO steps in this August. His chairman seat starts January.

This is what long-term thinking looks like. Position quietly, and let the results speak.

[Tony O. Elumelu, CFR @TonyOElumelu]

I am honoured to succeed Senator Udoma as Chairman in January 2027 and to lead the Board through @SeplatEnergy ’s next phase of growth.

I firmly believe in the critical role indigenous resources play in the economic transformation of Nigeria and Africa, and Seplat’s culture of execution and governance aligns strongly with my own values.

I thank Senator Udoma and Roger for their stewardship and look forward to delivering further value for shareholders.

I also congratulate Mr. Okon on his appointment as Chief Executive Officer.
His deep industry experience gives me great confidence that @SeplatEnergy is well positioned for its next chapter of growth.

#TOEWay

[UNCLE @MrOlibaba]

I saw someone's profile on LinkedIn and I was marveled.

In 2018, he started as an ET. By 2026, he had become a DM in the bank.

Within those eight years, he moved across three banks and spent one year at a construction company.

Before every move, I'm sure he had doubts.

What if it doesn't work out?
What if I fail?
What if I struggle in the new role?
But growth rarely comes from staying where it is comfortable.

People who want more from their careers take risks, trust their abilities, and give themselves a chance to grow.

Loyalty does not earn you this fast growth.

[Odun @Ewatomiby]

Bro, information is key…If to say you dey go Gym wella, you go see sey boys don find alternative rather than wasting their time on a 9-5 wey no fit buy you correct phone in a year 🤦🏾‍♂️😭

[Innocent @Innocent_ce]

Ending a 2 years relationship today and it feels so emotional. I just realized resigning isn’t the hardest part but saying goodbye to my amazing friends.

[Dauditor ACA @rand0muser98]

god, I might cry on my last day in this firm.
Not I might, I would actually cry.

[Innocent @Innocent_ce]

Cooked mehnn😂😭

[Nigerian Stocks on Bamboo @ngnstx]

No. No, Tony, this can't be.

[Pejuola| HR🗣️ @Pejuola_a]

The silent grief of watching a coworker you actually liked resign.

[Ade omo Ade 👑 01 @educatedtug01]

Don't go br0ke trying to play husband at a young age bro.

[Innocent @Innocent_ce]

@Tunde_MustaphaR Well done!
You should try expressing your numbers in nearest (N’000) or (N’m) for better clarity, precision and readability.

[Oreoluwa Bukola, CFA. @BukkyOA]

Don't sell the asset; borrow against it.

[MaNkhosi @Thabi_kaNkosi]

“let’s get on a quick call”

Me:

[Innocent @Innocent_ce]

Aradel & MTN

[FINANCIAL FREEDOM/MoneySense @raw_sunday]

YOU HAD TO BUY AND HOLD JUST TWO STOCK UNTIL 2030, WHAT WOULD IT BE?

[Innocent @Innocent_ce]

It’s giving new dispensation vibes. Writing off N748bn NPL takes serious audacity.

[Femi Ote$ @realFemiOtedola]

At First HoldCo we decided to clean house properly. We took a huge one time hit of ₦748bn to admit old bad loans instead of pretending they do not exist. That is why profit looks like it crashed by 92%. Painful headline, but it is a serious long term move.

[Rufybaba @Rufyb]

I decided to start an asset management business. I asked my friends, acquaintances, associates, and external investors to pool capital to start business.

We successfully pooled ₦2bn.

The range of fees in the asset management space is 1% - 3% of AUM.

So let us say that we managed to grow AUM to ₦20bn, the max revenue to earn is ₦400m. If I take out operating costs (staff salaries, marketing, regulatory costs, tech-related costs, etc.), I end up with how much profit?

The profit margin in the asset management space is 15%-40% (depending on your scale). Let us just call it 20% profit margin.

A 20% profit margin on a ₦400mm revenue is ₦80mm. In a year, that is 4% return on equity (ROE). Lol.

So, I will prepare a deck and slides, and show my investors at roadshows that this is the profitability of the business enterprise that I want them to put capital into?

I will also see 4% ROE and be "encouraged" to invest in technology or be innovative about anything?

A registrar needs ₦2.5bn capital for what? Rating agencies need ₦500m for what?

I would really like to understand the thought-process that went into setting these figures. I do hope these things are not performative, and I want to believe that the regulators indeed have smart people.

Asset and fund managers do not take the risks that banks take. Banks take in liabilities on their balance sheets. They warehouse the funds, and they have the flexibility or freedom to charge higher yields on their risk assets.

Asset managers do not have control over the funds (they are parked with the custodians). So why am I being charged 10% capital on monies that I do not have or use? What is the risk that I am taking on those monies? I am just managing the money on behalf of clients.

These are the sort of policies that makes folks become "creative" about making money which then defeats the entire purpose of the policy.

One of the objectives stated by SEC is to support innovation. On the contrary, this sort of policy will only kill innovation because the barrier to entry becomes high, and smaller businesses are unable to do anything.

The issues in the asset management space, specific to asset managers, are operational, reputational, and governance. Whether ₦500mm or ₦5bn, these risks are the issues.

The problems in the Nigerian capital market are:

✑ Weak supervision
✑ Poor enforcement
✑ Disclosure opacity
✑ Governance failures

Let's deal with these squarely, instead of some performative capital raising ("Let's raise capital because every industry is raising").

I really hope the SEC looks at it again.