Bumbum of Lagos

Pharmacist /Life is not hard, You are the one competing with others./Always be Happy.

[Bumbum of Lagos @BumbumOf]

@davido Why una too like fight for this country?
Make AJ win shaA

[NEFERTITI @firstladyship]

Niger state governor bought tractors for farmers. Kebbi state governor bought first class Toyotas for the politicians.

Niger chose the people, Kebbi chose the politicians. Niger is adding to the GDP of Nigeria, Kebbi is destroying the Naira & adding to inflation.

Niger is producing, Kebbi is consuming.

Kebbi is called giving your people the middle finger. Buying the Toyota cars when he could have bought PAN from the north, was not enough. He had to splash it in the news to spite the people of Kebbi state.

He is asking them “what can you do about it?”

Governor Bago of Niger state is how every governor should be flexing. Brag about the wonderful things you’ve done for your people.

[Field Marshal of the Han Dynasty @General_Oluchi]

CHIOMA OKOLI vs ERISCO FOODS LIMITED / ERIC UMEOFIA

Chioma posted her review about Nagiko tomato Mix, a product manufactured by Erisco Foods, on Facebook and carried on with her day. Eric Umeofia or his company NEVER contacted her regarding it.

A week later, @EriscoOfficial tagged her to their post on Facebook discrediting her review. When people attacked her online, she wrote a second post to clarify herself and then tagged @EriscoOfficial, but they ignored her.

Emperor Eric Umeofia wrote a petition to his friend the IG of Police to arrest Chioma Okoli with no investigation whatsoever.

Nine days later, two policemen from Abuja and a policewoman from Lagos approached Chioma and her family at church and lured them to the station claiming that they had questions for her regarding a package she received. When they got there, they presented her with Eric Umeofia’s accusations, showed her the Facebook post, and wanted her to admit to running a crime syndicate that had been calling Eric on the phone to extort money from him!

[KEPUKEPU TV 📺 @kepukepunews]

This pictures were taken today.. From ohanku road. In case when completed.. I hate doubts. Very soon Dr @alexottiofr will commence work on ohanku and obohia road aba.. Just a reminder..

[NEFERTITI @firstladyship]

Alex Otti was the respite the Obidients so desperately needed! With Geometric Aba IPP, the seaport, the refinery & blueprints for his people, he became a huge USP for our Movement. Alex made PO’s case all the more believable & real

What will Peter Obi do differently? is alive!👏

[Bumbum of Lagos @BumbumOf]

@RebeccaIsi @jon_d_doe You don teey for this game😂

[Bumbum of Lagos @BumbumOf]

@daram_ola @FirstDoctor This one gat me.left and right is all about marriage

[NEFERTITI @firstladyship]

This was the late Chief Gani Fawehinmi at the Oputa Panel, citing his case against Tinubu. Bola’s notoriety is well documented

[Andrew Lokenauth @FluentInFinance]

Biggest growth hack:

Reading books.

Give yourself a personal MBA by reading these 10 books:

[oseni rufai @ruffydfire]

Let’s create jobs, post jobs and businesses here!

[NEFERTITI @firstladyship]

“Democracy is about choices. If I come into a room & everybody loves me, I’ll leave. Because there is something wrong. There must be people who hate you even for the sake of you.” — Peter Gregory Obi. 👏👏

[Bumbum of Lagos @BumbumOf]

@Wizarab10 Who dm fess?

[NEFERTITI @firstladyship]

For those of us who do not understand what is going on here. I will try my best to explain the meaning of MPC, MPR, CRR & Liquidity Ratio. WALK WITH ME & retweet for others.

Monetary Policy Rate or MPR is a tool employed by Central Banks, & it is used to control money supply in the economy, lending rates & inflation as well.

If a central bank is a mechanic, then screw drivers & spanners are the MPR.

The 400 basis points simply mean 4%. Therefore, Yemi Cardoso’s Monetary Policy Committee (MPC) raised MPR by 4%. From 18.75% to 22.75%.

Raising the MPR could curb inflation & woo investors. Because investors like higher interest rates when they buy government issued treasury bills & government bonds.

Investors stay away from a country when inflationary rates are higher than interest rates. But I ncreasing interest rate from 18.75% to 22.75% could also lead to slower economic growth, lower consumer spending, & higher interests on loans. So it’s a double-edged sword.

The CBN is targeting inflation with this policy. But has it worked in the past? THE ANSWER IS NO! Emefiele tried it several times, & it kept on failing. It won’t work on food inflation by the way. The biggest driver of inflation in Nigeria is Food Inflation.

Using monetary policies to target food inflation is counterproductive, because farmers can’t go to their farms. You need to fix the supply side first, before the polices can work.

Food inflation can only be tackled when farmers return to their farms. This can only happen when you fight insecurity to a standstill.

Again, raising Cash Reserve Ratio (CRR) to 45% means that banks are now required to retain 45% of customer’s cash deposits with the CBN. So CRR is the CBN debits to commercial banks. It means that First bank or Access Bank must keep 45% of your cash deposits with the Central Bank of Nigeria.

This way, banks will no longer retain huge amount of cash in their vaults to lend to customers. Therefore higher CRR discourages borrowing & lending at the same time.

Liquidity ratio is banks balance sheet, or health status. It tells you if a bank is able to pay off its debts & liabilities. Or if a bank has kwashiorkor.

Liquidity ratio is a bank’s cash balance + assets it can easily convert to cash; like vehicles & real estate. A healthy Liquidity ratio must always be maintained because it measures the total liabilities of the bank, which is typically their customer’s cash deposits.

A liquidity ratio of 30% mandates bank to have current assets of up to 30% against their liabilities. Less than 30% shows that a bank is unhealthy.

“The Asymmetric Corridor of +100/-700 basis points around the MPR” simply means that the Central bank will lend to commercial banks at 23.75% (22.75 + 100). But it will borrow from commercial banks at 15.75% (22.75-700).

Remember that when you see +100 basis points, it means 1%. And when you see -700 basic points, it means -7%.

By this. the CBN is telling the commercial banks not to keep their cash with the CBN & earn so little (15.75%). The CBN is telling the banks to go out there & find lenders in the real sectors so that the banks could earn higher interests.

If the Central bank wants to reduce the cash in circulation, it can adjust this corridor, then pay the commercial banks higher rates, & the banks will move their cash away from their vaults to the CBN, therefore reducing the cash in circulation & inflation as well.

Did I try? I be JJC, abeg no fex. 😅😅

[Tycoon🪐 @TycoonRazzi]

She doesn’t like her Nigerian name but her Asian mom made her feel good about it 🤗

Igbo men too dey explore 😂

[Andrew Lokenauth @FluentInFinance]

The cost of procrastination is the life you could’ve lived.

If you suffer from procrastination, read this:

[Bumbum of Lagos @BumbumOf]

Plugged power bank and coming to collect it after 6 hours.
I noticed that it was not charged cos I didn't turn on the socket.

who did I offend?

[Bumbum of Lagos @BumbumOf]

@Morris_Monye What if he is wearing cursing proof,it will not enter

[Bumbum of Lagos @BumbumOf]

Today is Sunday,say a word of prayer for these judges

[Angel Fernandez @angelferxoxo]

Please help!!!

[The Instigator @Am_Blujay]

Noxolo is still missing ⚠️⚠️⚠️