RainMakeR™

Family x Faith x Finance

[RainMakeR™ @asojo_rainmaker]

One thing have learnt in most arguments in this space is that: "Both Parties Can Be Right At The Same time".

[Segun Odunayo @Segun__Odunayo]

We ran a report about this village where pregnant women had been dying because they had no health center. Infact, they used to run to Benin Republic for medical help.

The Yewa North LG took it up and built for them a centre as a result of our report.

Viva Journalism.

[Tolu Ayeni @TolulopeAyeni]

If you find yourself offended by your church leaders or burdened because they continually urge you to preach the gospel, win souls, and make disciples, the issue isn’t with their expectations but with your understanding of the hope of your calling.

An identity crisis will always make purpose feel like pressure.

The believer has, by definition, received the ministry of reconciliation (2 Corinthians 5:18–20). Evangelism and discipleship are not special assignments for a select few; they are part of the very identity of those who belong to Christ.

[RainMakeR™ @asojo_rainmaker]

This is a recent businessday report

https://t.co/OlEpY7575r..

[BANNY @Bannyswago]

Nigeria is far too underdeveloped for the cost of living to be this high.

[RainMakeR™ @asojo_rainmaker]

In the year of our Lord, 2026, the court system should be able to advise counsel the court won't sit at least 24hours (except for unforseen circumstances). I still dont understand why lawyers/the NBA can't use available tech to drum up efficency in this regards.

[Aspiring Billionaire SAN⚖️ @UsmanAbidemiEsq]

If you are a practicing lawyer in Nigeria, you will understand this counsel’s frustration.

Last year, we had a matter at the High Court. I was fully prepared and rushed to court that day. In fact, I even forgot to eat. We got to court and, after about an hour, we were told to pick another date. I was disappointed, but there was nothing we could do about it. Nobody would apologize or take responsibility. Money, time, and effort wasted.

Mind you, this is not a new trend. Due to my upbringing, I had been attending court proceedings even before I became a teenager. My dad is also a lawyer, and I followed him to court before I even started understanding what went on there. One thing you would notice was that, on some days, “the court will not sit.” It was excusable then because, although technological advancement existed, it was not as prevalent. This is 2026, and it is not good that this is still happening.

Lawyers and litigants have their own schedules. We have counsel who come to court from different jurisdictions. Lawyers spend heavily on flights, accommodation, and feeding just to appear in court, only to be told that My Lord will not sit. Respect should be reciprocal, and we have to be considerate.

We understand that sometimes the absence of a judge may not be intentional. It may also be due to unforeseen circumstances. In fact, I personally do not believe we have judges who simply decide not to come to court. What we, however, request is proper notice before the court date. Any judge who knows he will not sit should communicate with the registrar on time so that lawyers can be properly notified.

I believe we need a technology that will solve these issues permanently. It should not still be a thing in 2026. Lawyers and litigants have their own schedules, and it is unfair for lawyers to prepare for a case only for the court not to sit. It is part of the reason the administration of justice is delayed. We need a permanent solution. This is 2026, not 1996.

Thank you.

[Rufybaba @Rufyb]

If you want to really, really stay at the top and flawlessly eat in the financial services industry, you need to have a very solid knowledge and understanding across these four cardinals:

✑ Understanding macroeconomics
✑ Knowledge of finance
✑ Understanding how businesses work and the various types of business models
✑ Knowledge of accounting

It is like combining economics, finance, business admin, and accounting into one.

[RainMakeR™ @asojo_rainmaker]

Ma'am, most of these are originally credit to the CBN and her leadership not the ministry of Finance or the minister - but yea, Mr W.E is a solid man. However, appropriating stuff beyond his scope of his office is a disservice to him.

[Juliana Olayinka @JulianaOlayinka]

Every outlet today is covering Wale Edun's departure.

The African Brief is covering what he helped build.

Inflation fell from over 34% to below 16%. External reserves rose to $50 billion. The stock market gained nearly 50% in 2025. Nigeria exited the FATF grey list. The banking sector raised N4.61 trillion in new capital.

The implementation gaps were real. The reform foundation is also real.

Taiwo Oyedele takes over. The next chapter is execution.

The work of reform is not measured by who holds the office. It is measured by what survives when they leave.

Follow The African Brief on WhatsApp. Link in bio.

[RainMakeR™ @asojo_rainmaker]

Reminds me of 2020/1
EBITDAC - Earnings Before Interest, Tax, Depreciation, Amortisation, and COVID-19
😄

[Hugo Navarro @HugoNavarroPer2]

EBITDA (2026 edition): Earnings Before Iran, Tariffs, and Donald Announcements.

[Hugo Navarro @HugoNavarroPer2]

EBITDA (2026 edition): Earnings Before Iran, Tariffs, and Donald Announcements.

[Freyy @Freyy_is]

people underestimate how much corporate teaches you. systems, structure, how decisions get made at scale, what bad leadership costs a company. you learn all of that on someone else’s budget before you risk your own.

[RainMakeR™ @asojo_rainmaker]

Should you - as a man - be interested in attending a Men's Conference, watch (using the url below) The Crucible of TCN hosted by the esteemed @pastorpoju.
PS: Currently live; but you can catch it later at your convenience.
https://t.co/MvuOEdhuxF

[temilade @theglobaltemi]

1 million conferences for women. None for men!

[RainMakeR™ @asojo_rainmaker]

This is a good watch! Very insightful
#Restuaranteur #QSR

[Aunty Teda @imoteda]

Alright questions answered! It’s very surface level but informative.

If you have more questions please ask them below and also I am happy to hop on a space or something to discuss in more detail.

Ignore the filter! Filmed this on tiktok and yall know your aunty is old!

[RainMakeR™ @asojo_rainmaker]

This is condemnable! There is no justification / rationalisation for this.
If there were no visual evidence, the government & her "paid boys" would say it's not targeted after all the majority of residents of Kwara are not Christians.
This is no clash! This happened in a church!!

[Sahara Reporters @SaharaReporters]

WATCH: Chilling Livestream from CAC Church in Eruku Town in Kwara State Captures Final Moments Before Gun-Wielding Terrorists Struck During a Church Service

[RainMakeR™ @asojo_rainmaker]

1. Lay with dogs! You will most likely come up with typhus sooner/later.
2. It's a loose-loose being friends with terrible people. If they hail you; you are like them. If they shade you; you are worse than them
3. You are safer in the long run with God than wholly your intellect

[Olúwatósìn Olaseinde @tosinolaseinde]

This entire debacle has been a masterclass and there are so many things to learn. Pls can you share your lessons with us?

[RainMakeR™ @asojo_rainmaker]

"It is better to fall in the hand of God than the hand of men" - David, son of Jesse
2 Sam. 24 v 14

[Nojeem ‘Nudge’ Yusuf @NudgeTM]

Suppose you bought land for N10m in 2015 and sell it for N60m in 2026; that’s a 500% nominal gain.

But N10m in 2015 will be worth at least N50m in 2026 after inflation, so your real gain is not more than N10m.

The taxman doesn’t care about inflation. Under the new law, up to 25% capital gains tax (CGT) will apply to the N50m nominal gain.

That’s N12.5m tax on a N10m real gain, which is an effective rate of 125%. Of that 125%, 100% is inflation tax and only 25% is real CGT.

Currently, CGT is 10%, which I think is a subtle way of granting inflation relief. But that’s gone from 2026.

If I could change one thing in the new CGT rules, it would be to grant an indexation allowance, so no one has to pay tax on inflation. That’s the fair thing to do if we’re serious about encouraging long-term investment.

With indexation, the N10m cost would be adjusted for inflation to N50m. You’d only be taxed on the N10m real gain.

P.S. This is easier shown in a short video; if you can make one, please do. The more people understand this, the better.

[RainMakeR™ @asojo_rainmaker]

IMO; A little of this and the "great sell off" may have just commenced. People with deep pockets and high value portfolio are trying to avoid the CGT commencing next year by trying to re-focus their holdings away from NGX.

[Olumide Adesina @olumidecapital]

Clowns told you 🇳🇬 stock market won't react, yet you believed, well, investors are down N2 trillion since the start of this week

[RainMakeR™ @asojo_rainmaker]

Even needing data to buy data? Very unnecessary.

[Faree Ferrari @faree_for_real]

The concept of needing light to load light on prepaid is so stupid

[RainMakeR™ @asojo_rainmaker]

Not a easy Fix: Reduce minimum float % by ~500bps and increase the min. value to N150bn

This review should be done next year as the financial services sector consolidates on Min Capital base req and listing of new entrants like Dangote Refinery.
#NGX

[Rufybaba @Rufyb]

Free float is the number of shares available for non-insiders or non-strategic investors. In simple terms, free float is the number of shares available to retail investors.

Entities considered as 'insiders' are directors of companies (executive and non-executive). Strategic investors are institutional investors (like pension funds, corporates, etc.).

The idea is that insiders and strategic investors typically buy and hold. Therefore, if you have many shares of a company held by this set of investors, the stock won't. trade, and it will mean illiquidity.

Note that an illiquid stock does not necessarily indicate a bad company with poor fundamentals; rather, it may simply mean the stock is not properly valued. The market value of such companies may be overvalued or undervalued because price discovery is absent.

The rule on the NGX requires companies to either have 20% of their shares in free float or a free float value exceeding ₦40bn. The second condition is the loophole being capitalised by companies like Dangote Cement and the two BUA companies.

Therefore, the NGX needs to revise this. When that rule was implemented, the market was not this big (and I genuinely wonder if they never thought that a time would come when the market would be bigger).

But all of the above is not even the point of my tweet. They are just contexts, lol.

------------------------------

My message this morning is that the overall free float of the Nigerian Exchange is 40%, but banks (about 12 of them) account for 80% of the total market liquidity.

If you remove the free float of banks, the overall free float of the NGX drops to 20% - 25%. What this tells you is that, excluding banks, the NGX itself is an illiquid market. Please, you may want to bear that in mind.

The moment you are buying a stock outside banks, the probability of buying an illiquid stock is super high (even if it is the popular blue chip names you know).

Another context to consider is the top five companies by market cap. The combined market cap of the top five companies accounts for nearly 40% of the overall market cap, but the combined free float shares of these companies are 12% (yes, 12%).

But the value of the free float is very high (some are even higher than the overall market cap of some companies).

So in summary, the NGX is generally illiquid. Apart from banks that you are sure to enter and exit very easily, it may not be so easy with the remaining 130 companies thereabout.

[dára sobaloju @darasoba]

Pewbeam AI’s first live test was a success @cci_ibadan yesterday.

Pastor’s voice to bible verse projection in under 2 seconds.

[RainMakeR™ @asojo_rainmaker]

20 | 10 | 2020

🕊

#WeRemember