Arthur

Die hard LFC fan, Jesus Lover, Nigerian pilgrim on his way to his home country.

[Arthur @PrinceArthur1st]

@TommiPedruzzi Asset

[Arthur @PrinceArthur1st]

@RemoteWorkUnion Interested

[Arthur @PrinceArthur1st]

@omoalhajaabiola @joinkuda Kuda that some one hacked my account, i told them and the person brought a fictitious invoice and even the cost does not tally and without recourse to me, they released the money.

That was the last time I ever used them.
Bunch of tootsies

[Arthur @PrinceArthur1st]

@gabriel_eikwu @instablog9ja Poster boy of “ fine picture does not equate fine sense”
Just wait till them open mouth you go just see the person the fine picture.

[Gbadebo Rhodes-Vivour @GRVlagos]

With sadness in our hearts and gratitude to God for a life well spent , we announce the call to glory of Nkechi Stella Rhodes-Vivour, ( Nee Waboso).

A loving wife, devoted mother and grandmother. The epitome of Love. She will be sorely missed. May her beautiful soul rest in perfect peace.
Funeral arrangements will be announced shortly.
Announcer-
Olawale Rhodes-Vivour
For the family.

[Arthur @PrinceArthur1st]

@ojiugo___ I have followed everybody here, please follow back

[Arthur @PrinceArthur1st]

@polycap278 I have followed everybody here, Please follow back

[Chetuya Chinagolum @Chetuyachinago]

It is highly interesting and deeply ironic that Nigeria is currently being paraded as having the "world's best-performing stock market."

To put statistical illusion into clear mathematical perspective, South Korea comfortably has over 200 publicly traded companies with an individual market capitalization exceeding $1 billion USD. In stark contrast, the total number of companies on the Nigerian Stock Exchange with a market cap exceeding that same $1 billion mark sits at a measly, fluctuating 11 to 18. Furthermore, the South Korean Stock Exchange is home to over 2,500 listed companies, whereas the entire Nigerian stock exchange is struggling to maintain even 150. To make matters infinitely worse, the annual revenue of just one single South Korean conglomerate, Samsung, comfortably exceeds the entire, devalued annual Gross Domestic Product (GDP) of the Federal Republic of Nigeria.

So, it is obviously completely insane and deeply delusional to imagine that Nigeria is genuinely outperforming the rest of humanity in its actual economic output, industrial productivity, or stock market indices. Nigeria is currently the undisputed poverty capital of the world, where small businesses are collapsing by the dozens every single day. So that begs the question: what does this glowing market report actually mean for the ordinary people of Nigeria?

Well, for one, if a struggling, debt-ridden developing nation suddenly starts to heavily outperform advanced, highly industrialized nations on its stock exchange, it is actually a massive, flashing red indicator that the country in question is facing a severe and monumental hyperinflation. Nigeria is currently experiencing historic, record-breaking inflation, so this stock market boom is merely an indicator that wealthy oligarchs, institutional investors, and local investment banks have smartly recognized that if they hold their cash in standard bank accounts during this highly volatile period, they will lose their purchasing power every single day. Since they cannot easily access scarce foreign currencies like US dollars or Euros due to strict government currency controls, they desperately dump their fast-depleting Naira into solid, tangible local stocks like Dangote Cement, BUA Group, or MTN Nigeria just to preserve their wealth.

So, this triumphant news report that we are passionately commanded to celebrate is actually a terrifying warning sign that Nigeria is experiencing severe, runaway inflation. The local elites, corporate cartels, and bank directors are frantically tripping over themselves to buy blue-chip local stocks strictly to hedge against currency collapse, and this sudden, desperate surge in local demand has artificially driven up the prices of these shares to such a disproportionate, heavily padded percentage that on paper, it looks much more profitable to invest in the Nigerian stock market than in the highly productive, technologically advanced South Korean stock exchange.

Another major reason for this artificial stock market spike is the aggressive, reckless increase in interest rates by the Central Bank of Nigeria on behalf of the IMF and the World Bank. While this brutal rate hike has successfully collapsed thousands of local manufacturing businesses because commercial banks are now charging as high as 40% interest on business loans, it has also temporarily attracted a massive influx of volatile "hot money" from foreign speculators who are lending money to the Nigerian government by purchasing short-term treasury bills and sovereign bonds just to greedily exploit these high yields.

It is crucially important to historically emphasize that Nigeria is absolutely not the only developing country to be declared the "best-performing stock market in history." Mexico proudly achieved this exact same fraudulent title in the run-up to 1994, and it ended up almost collapsing their entire national economy into absolute oblivion. At the time, the Mexican government, acting on the strict advice of the World Bank, aggressively increased interest rates and adopted painful Structural Adjustment Programmes that triggered massive hyperinflation across the country. This temporarily, artificially increased their foreign reserves as yield-hungry international speculators dived in to exploit these high interest rates, causing their local real estate markets and stock exchanges to explode into a virtual goldmine for foreign investors. But this artificial boom did not even last for a few years. The moment the United States Federal Reserve increased its own interest rates, international investors panicked, liquidated their assets overnight, and pulled their hot money completely out of Mexico. This massive, sudden capital flight almost collapsed the Mexican Peso, forcing their desperate government to raise domestic interest rates to an astronomical 70%, but even this extreme measure was not enough to save the country from descending into total state failure. This was the exact moment Mexico was forced to accept a humiliating, sovereignty-destroying bailout from the IMF and the United States totaling a massive $57 billion. Exactly $20 billion of that came directly from the US treasury, but it came with the highly insulting, neocolonial condition that all revenues from the global sales of Mexican state-owned oil must be deposited directly into the Federal Reserve Bank in New York City as collateral to secure the debt, while the IMF forced even more brutal, structural adjustment programs on Mexico that the country has still not fully recovered from even to this very day.

So, while this stock market boom is currently being heavily marketed as another monumental, ground-breaking macroeconomic achievement by the Tinubu Administration, it is in reality extremely dangerous, deceptive, and reckless. Not only does it completely fail to reflect the actual, material reality on the ground, which is that Nigeria is currently the bleeding poverty capital of the world, but this exact, artificial economic bubble has the direct, terrifying potential to completely collapse the Nigerian economy, trigger massive capital flight, and permanently reduce the country to a subservient, bankrupt puppet state run entirely by the harsh austerity measures, economic dictates, and financial chains of boardroom terror organizations like the IMF and the World Bank.

[Arthur @PrinceArthur1st]

@zillionokoye hi

[Arthur @PrinceArthur1st]

@famous_dyl Interested

[Arthur @PrinceArthur1st]

@raycrypto_1 Interested

[Arthur @PrinceArthur1st]

They killed her dog.
She would have just called John Wick.

[Arthur @PrinceArthur1st]

@Manu_Sisti Claude

[Arthur @PrinceArthur1st]

@zillionokoye Interested

[Arthur @PrinceArthur1st]

@erling Original industry machine

[Arthur @PrinceArthur1st]

@MrCharlesky Interested

[Arthur @PrinceArthur1st]

@Beautianah @naijafemalefama @Officialregha Baba ended up paying and told his wife that any day she decided to go to her parents house, he should never come back.
That was the end of his relationship with his Inlaw’s and this was after he paid through his nose when he wanted to marry her, though he forgave that one.

[Arthur @PrinceArthur1st]

@Beautianah @naijafemalefama @Officialregha This was what one of my cousins did
Though his was a little different.
Went on vacay with his wife and his Inlaws gave him bill of almost 2mill 10 years ago for their grandchild that spent 3weeks with them.
Even his wife para join but they did not budge

[Arthur @PrinceArthur1st]

@zillionokoye interested pls