Barry

[Genie @lettersfromjuno]

Reminds me of that person on TikTok who talked about how many doors opened for her because she knew the basics of watches, and doors opened for her because she was able to have conversations that then led to those people helping her to connect with who she needed to.

[gst @wearegst]

Mary Habila was found dead in Dave Umahi’s house. Since then, investigations have not proceeded as expected.

[Sensurround @ShamashAran]

Preaching the word in a country where you can get murdered for it is pretty damn brave.

[Rolivhuwa 🫶🏾 @ReezaySA]

Just found out that the President of Nigeria is living in France (Not on a vacation) living there and is running the country Virtually 😭.

[Jude Bela @realJudebela]

And now, the episode you’ve all been waiting for. My fellow Nigerians, behold, Emi lo kan.

#powerandplunder16

[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.

[Osas @osazenoo]

This young Nigerian built a $10 million automated shoe factory here in Nigeria while sourcing 90% of its leather from Kano.

I like to promote and celebrate Nigerians adding value to Nigeria.

[Onuoha Lorenzo @unkle_renzoo]

It’s not fair ooo

Nigerians it’s not fair how we just quit on each other any slight chance we get.

[Rita Sunshine @1RitaSunshine]

My mum is dying, please help retweet🙏😩

[Dindu_Popo🌍 @DinduMichael]

Everyday I see them I'll repost

[Oluwaseun Alatishe @OluwaseunAlati5]

She is still missing, please repost until she is found

[Sam Otigba @SamuelOtigba]

If you’re Nigerian and you didn’t drop litter in your environment today, like & RT. I want to check something.

[Omo Kogi (Yagba) 🌍 @harrysone9]

If this pops up on your TL, repost it; it costs you zero naira.

[𓆩♡𓆪 Debbie @ChiefessX]

That's me and my brother David.
This is me and my brother David. He is 16. He cannot swallow his own saliva. Please help us save him. Account below. 🙏🏽
780k out of 3M

1792999730
Access Bank
Deborah Kelechi Michael

[Ọládélé 🇳🇬👑 @Oladele]

It cost $0.00 to retweet this

[Mayowa Durosinmi @mayowadurosinm1]

To the US citizens whose taxes fund Elon's Starlink, see the first and second headlines attached below. That's what you are funding. What you do with that information is up to you. Also, your inaction speaks volumes.

[Dee Macé @frmarcellinus]

Dr. Stella Ameyo Adadevoh is her name. In 2014, a man flew into Lagos carrying the Ebola virus. He wanted to leave the hospital to attend a conference, which would have sparked a massive outbreak in a city of 20 million people. Dr. Adadevoh said No. Despite intense pressure, she refused to discharge him, physically keeping him quarantined to protect the public. Because of her bravery, Nigeria contained the virus quickly. Sadly, she contracted Ebola herself and passed away. She is quite literally the reason a generation stayed safe.

I know her husband and children are out there somewhere. Your wife and mom is a hero. I'll never forget about her.

[Parody Jeff @Parodyjeffx]

If you have a pair of balls, repost this.

[Ọládélé 🇳🇬👑 @Oladele]

It cost $0.00 to retweet

[OurFaveOnlineDoc 🇬🇧 🇳🇬 @OurFavOnlineDoc]

“If I don’t give you Constant Electricity for 4Years, Don’t vote for me when I come back for 2nd Term”
-Bola Tinubu, 2023.

Every time you see this video,
Please share, please repost, please retweet. Make sure every Nigerian sees this.

SHARE EVERYWHERE!!! https://t.co/jHcKWMBfmQ