🇳🇬 "Banks can now trade forex "freely"
I hope the CBN has done its due diligence before this move.
Besides the deep arbitraging in the system (even across some banks), can the country meet the backlog?
Does the country have enough FX inflows for the market to self-regulate?
@AskMichaelTaiwo Correction! Ronaldo wasnt subbed off at 80th minutes. He played the full game. Sir, @AskMichaelTaiwo are you the one still managing this account?
@AfroVII People dont know, 100% fruit with all chemically re-flavoured feels. When manufacturer writes "100% Pure" or "100% Fruit," they are answering a legal definition of origin and not promising that is fresh, unprocessed, or healthy. People should read about these things.
@tobyasky Lol! None of these products is good for your health. Get a blood glucose meter device (wearable or not), take any of these so called "zero sugar" juice and see how your blood sugar will hit the roof. Avoid these drinks or reduce the intake significantly, not good for you.
One of the most fascinating accounts here is Olumide Capital @olumidecapital
- He tweets regularly but on only one subject (finance)
- He has only one picture (his profile picture)
- He doesn't engage in extensive back and forth or arguments or epistles
- He doesn't do threads. Not even "read more"
- He responds to a few comments, but usually one one lines
- His tweets get into Dragging Side of Twitter once in a blue moon, but he doesn't bother with any shalaye or follow-up. He just moves on. Next stock tweet 😀.
@Ol0ye People naturally move towards opportunity. Workforce mobility is a global phenomenon, not uniquely Nigerian.
Instead of always putting the spotlight on people who relocate, the focus should be on building stronger systems & creatin environments where talented people can thrive
The average Nigerian talent is a generalist. It’s that apparent "lack of focus" that feels that they’re not up to par when you ask for niche knowledge.
But to a foreigner that is used to niche talent, they see nigerian talent as “omo, hope I’m not underpaying this lad o?”. But the Nigerian talent doesn’t know this and sometimes underprices and undervalues themselves.
Some foreign clients even add to an earlier agreed budget because their conscience gets pricked. This is the reason why training Nigerian talent is the EASIEST thing in the world, because their generic knowledge makes them easily grasp anything.
I encourage you, if you're someone considering a field, new to a field or even experienced, please don’t undervalue yourself because one Ngor-Kpalla or Akungba man said you are lazy or not valuable.
@jayhemz I really hope everyone gets this. Nigerian professionals are mostly generalilists, and that is also a big advantage when you decide to join global corporates. If you are lucky to work in global companies, they are always in awe of how much knowledge you have. True story!
@jayhemz This is the real issue & most NGN companies are guilty of it. Competency areas are often so blurred. Until people work in structured global orgs & see how intentionally talent pipelines & specialist functions are built, this narrative of “scarce competent local talent” wil remain
@olumidecapital Is this because their revenue dropped QoQ? Or was there something more said on the call? I think it was the same trend in their Q3 earning's call.
@MrMekzy_ "2026 is UBA's Big year. Hold your shares. Or start buying if you haven’t".
I hope you know what this means. Just dont try to make posts like this in more mature markets where there are consequences.
@bigbrutha_ Equity funds are in different classes, and I think the most popular is Accumulated vs Distribution method. Under Acc, dividends are automatically reinvested to increase share price of the fund. For dist., dividends are paid out to you as cash. Not sure what NGN fund mgrs adopt.