Finances in Layman's Terms...
Inflation: Things getting expensive.
Deflation: Things becoming cheap.
Hyper-Inflation: Things getting expensive very quickly.
Hyper-deflation: Things becoming cheap very quickly.
Stagflation: Things are getting expensive, and there are no jobs.
“A Fake Restaurant Reportedly Got Approved On Glovo And Chowdeck Within Hours Using Fake Details. No Proper Verification. Do You Know How Dangerous This Is? Yet Nigerians Spend Billions On These Apps. So Who Is Protecting Consumers? Would You Still Trust Food Delivery Apps After This?”.
Nigeria’s Biggest Bank Is Owned By a Chinese Company With Over 50 Million Registered Users And 10 Million Daily Users. Quietly Becoming a Major Force In Nigeria’s Financial System 👀:
Something very interesting just happened between MTN, Airtel, and the Nigerian government.
And both sides are pointing fingers at each other... READ MORE
5 African stock exchanges are working together to allow investors across the continent to participate.
First time ever in African capital market history.
Subscription window opens in May.
Dangote just told the Vice President: dollar can drop to ₦1,100 in 2025.
Today: ₦1,340.
Projection: almost ₦250 stronger.
But here’s the twist — he hinted government may not want a “too strong” naira because weaker FX = more revenue.
Even Otedola said below ₦1,000 before year end.
If dollar hits ₦1,100, your salary stays same… but imports (phones, food, fuel) start falling. That’s real purchasing power.
🏷️ IG/iswellthecapitalist
Mr Aliko Dangote recently revealed that the Nigerian government collects 52 kobo out of every ₦1 his cement company generates in revenue.
That means for every ₦12,000 bag of cement you buy, ₦6,240 goes straight to the Federal government through taxes and levies.
If this is true, the real question changes: is cement expensive because of the market, or because of the tax system?
Both can be true.
“Cement Just Hit N12,000 For 1 Bag. The Price Of Cement Has Risen By 367% In 7 Years And Is Still Rising. But Nigeria Produces 65M Tonnes Of Cement Every Year And Consumes 32M Tonnes, Meaning Nigeria Produces More Cement Than It Uses. So Why Are Prices Going Up? This Is Because Only 3 Companies Control 95% Of The Cement Market In Nigeria: Dangote Cement, BUA Cement, And Lafarge Africa Control Over 95% Of The Market.” 🇳🇬💔
“Cement just hit N12,000 for 1 bag. According to reports, the price of cement has risen by 367% in 7 years. Nigeria produces 65M tonnes of cement every year & consumes 32M tonnes yet the price of cement always goes up. This is because only 3 companies controls 95% of the cement market in Nigeria.”
Man says
Week Recap: Here Are 4 Things That Happened In Nigeria That Many Nigerians Missed; Fuel Is Around ₦1,400. No Light. Dangote Refinery Keeps Raising Prices, While 16/33 Power Plants Are Down Over ₦6.8 Trillion Debt. But Here’s The Twist: The Refinery Is Keeping About $4.23 Billion Inside Nigeria. At The Same Time, Tinubu Is Telling Investors The Economy Is Improving.