MM

I write about African economies and securities markets:

[MM @MohammedMusa_]

I finally posted my first long read of the year on markets markets markets.

As the economic problems in Nigeria have worsened, I people on here have blamed the British for leaving too early, so I wanted to see if they are onto something: https://t.co/VFH0M15ijI

[-valar morghulis- @eldivine]

No matter what we say or do about the current exchange rate stability, as long as naira inflation remains at 16-18%, that gravity is gonna hit eventually.

We need to get inflation down to single digits. Everything should be thrown at this.

[tap @utomisphere]

Arguably my biggest lesson in business/transactions in Nigeria; if I'm not involved end to end, I'm not putting any significant capital into it.

[derek guy @dieworkwear]

A lot of attention is paid to craft traditions in Western Europe and North America, such as handsewn Hermes leather goods and bespoke Savile Row suits. But the uneven focus leads some to believe that things made outside of these places are low quality.

This is not true. 🧵

[MM @MohammedMusa_]

@RaynerUpdates now

[MM @MohammedMusa_]

Just had Afghan food for the first time and a lot of things are starting to make sense

[Chantel @Elle_Chantel]

Since the offset thing happened, I’ve been looking into gambling addiction, just out of curiosity and it is honestly one of the top worst ones to have with the highest suicide rates. So to see all of these gambling apps, marketed to youth is kind of crazy

[MM @MohammedMusa_]

His point stands but he’s off by two orders of magnitude on his mental math lol

[Bremen @Rxbremen]

From Bolaji Balogun explaining the mistakes and terrible move investors made in 2015 on the power sector privatization.

[Rufybaba @Rufyb]

This right here is why I don't fancy collecting external funds. Your capital, your rules, your patience.

It is one of the factors that made it possible for Warren Bufett to acheive consistent success.

[MM @MohammedMusa_]

@benawoks And what are those bundled services? Then go and look at what Stanbic IBTC nominees does lol

[MM @MohammedMusa_]

I’m not sure we have any “prime brokers” here.

The closest thing is probably Stanbic IBTC nominees, which is different from their stockbroking business, which is different from their investment banking business

[Ben Awoks @benawoks]

Top 3 IBs/prime brokerages on NGX by Transaction Value in 2025
1. CardinalStone Securities – ₦2.18 T (18.3%)
2. Chapel Hill Denham – ₦962.2 B (9.1%)
3. Stanbic IBTC Stockbrokers – ₦690.2 B (6.5%)

Vetiva was < ₦320B (Ucap) at 10th

Again, no disrespect to Vetiva, its data

[intended consequences @Adheydayor]

Are you people serious?

[MM @MohammedMusa_]

Foucault wrote discipline and punish some 50 years ago and he argued that the logic of the prison had been extended throughout society, and this was long before the internet let alone AI

[Collingwood 🇬🇧 @admcollingwood]

For those who do not know, the 'Panopticon' was a plan for a 'perfect' prison. The cells were arranged in a multistory disc around a central guard tower. Because the guards would have a complete view into any of the cells at any time, but the guards in the tower could not be observed from the cells, the inmates would have no idea if they are being viewed or not, but know they could be at any time. Therefore, the theory went, they would be forced to act as though they were being viewed.

Ultimately, the psychological effects of such living were considered too cruel for even prisoners to endure, and such a custodial facility was never built. Many indeed consider the entire concept of the Panopticon the foundation of the theory of totalitarian regimes in operation: if it could seek to arrange society so they every citizen may be watched at any time but cannot know whether they are being watched or not (e.g. the telescreens in Nineteen Eighty-Four's Oceania) a regime could force all citizens to act as though they were being watched at any given time.

And this is what our Home Secretary—the office in charge of the police and MI5 and the justice system—wants to impose on us. This is her dream society. Not even joking or embellishing.

[MM @MohammedMusa_]

holy shit

[Federal Reserve @federalreserve]

Video message from Federal Reserve Chair Jerome H. Powell: https://t.co/5dfrkByGyX

[MM @MohammedMusa_]

If China gets even just 50% of US per capita income, its total GDP will be 2-2.5x larger.

Just imagine what their government budget would be. They will be able to do thinks no country has ever dreamed of

[Lyman Stone 石來民 🦬🦬🦬 @lymanstoneky]

Unironically though, this is what makes China formidable:

China is a 300-million-person high-tech high-income society

And also has a 800-million-person low-income society from which to conscript infantrymen and sailors.

[TheOmniZaddy 🌹🌐🔰🏗 @TheOmniZaddy]

Lived in a building with a grocery store built into the first story for a year. Currently live a block away from said building. The experience is elite and I pity the fools who have never experienced being able to use the downstairs grocery store as their personal fridge/freezer.

[Woofers @NotWoofers]

Alright guys so for future reference if you want to perform a successful coup there are more steps involved than just taking control over a TV station.

[MM @MohammedMusa_]

Pretty much sums it up

[-valar morghulis- @eldivine]

I never see them talk about it.

If one currency has 20% inflation and the other one has 2% inflation there's only one way that's going to go.

If you like, gym.