Shamsuddeen Isa

Financial Risk Management Expert! Entrepreneur 💵 C.E.O : SORAU & M.D : SIS MESSIER EMail 📧 : [email protected]

[Shamsuddeen Isa @dinibabba]

@binance @nfprompt Woo welcome to binance 🤣🤣

[NTANetwork @NTANewsNow]

Yenegoa.... Update on Collation of Results

The Independent National Commission INEC has announced that the Collation process will start at 10 am on Sunday

The state returning officer, Prof Farouk Kuta, said at the Collation centre that since it is just one LGA result , that is available.

[Imran Muhammad @Imranmuhdz]

President Bola Tinubu has called on Nigerians to vote out governors who are not performing up to expectation.
The President made the appeal Thursday, at the Presidential Villa, while responding to the request of some Islamic scholars that the Federal Government should monitor the distribution of palliatives given to states to cushion the effects of removal of fuel subsidy.

“The people reside in the states. Even if I set up a panel, I will have to go through the governors and the local governments. We will continue to talk to the governors. Nigerians must hold them accountable.

“It’s unheard of that in a constitutional democracy; a president will sit here and give orders to states. I can only appeal to them to implement. The people reside in the states, and if the governor is not doing well, the people must vote them out,” he said.

[Shamsuddeen Isa @dinibabba]

@PIDOMNIGERIA Putin is not to be played with! Russian god per say!

[Shamsuddeen Isa @dinibabba]

It was imminent, with what transpired few months ago, putin is not to be stepped on!

[Shamsuddeen Isa @dinibabba]

@Sarki_sultan Boy’s still in trauma, don’t add to it please.

[Shamsuddeen Isa @dinibabba]

Does this one knows what this country is going through, who theme song epp! Abeggg!

[NTANetwork @NTANewsNow]

Nigeria To Have A Theme Song: Says Minister Of Art, Culture And The Creative Economy
https://t.co/7EFWRkCVgX

[David Hundeyin @DavidHundeyin]

I read somewhere that the brilliant chaps in Abuja running the economy are considering redenomination (arbitrarily knocking off a few zeroes) as a solution for the naira's declining value and rising inflation.

2 things.

1.) This is a continuation of Buhari's legendary economic illiteracy, where a government, for some reason, places an obsessive and neurotic focus on how much the naira exchanges for vs the dollar. For the umpteenth time, having a "N1 = $1" currency is NOT a meaningful economic goal, even if it were realistic - which it is not.

1 USD buys about 950 naira. 1 USD buys 1,300 Korean won. 1 USD buys 145 Japanese yen. 1 USD buys 144 Kenyan shillings. None of these numbers tells you anything about the strength of those economies. On paper, the naira is worth more than the won. Does that mean Nigeria has a better currency or a stronger economy than Korea? Does parity of the JPY and KES in terms of their dollar value mean that Kenya and Japan are economic equals?

No. That would be a silly and illiterate conclusion to draw from looking at an exchange rate. A thousand and one things can affect an exchange rate, and it can mean a thousand and one different things. A cheaper naira to lazy Nigerian politicians might be bad news because it means spending more to get their imported Patek Philippe watches and 12-year reserve whisky. A cheaper won to productive South Korean industrialists, on the other hand, means more export sales since international buyers can now get more KRW and buy more Korean goods for the same dollar amount.

Trying to build fiscal and economic policy around "revaluing" the naira is a mistake and a fool's errand. The only part of the exchange rate that should be a government's concern is its long-term relative stability. In other words, the exchange rate should be left to market forces and allowed to find its bottom - even if that bottom is N2000 = $1. As long as plans to significantly increase production and exports are being implemented correctly, any pain from a high exchange rate will be brief and temporary.

(From consumption to production, anybody? If only a well-known Nigerian industrialist-cum-politician has been saying pretty much exactly this for years!)

2.) Ghana redenominated the cedi in July 2007, knocking off 4 zeroes overnight to make 1 GHS = 1 USD. It's been 16 years since then, and the cedi now trades at around $1 = Ç11. That's an over 1,500% loss in cedi value since redenomination. Redenomination only made cedi transactions more physically convenient - it did not solve the basic inflationary problem of the cedi, which is the same as the basic economic problem of Ghana and Sub Saharan Africa in general - having consistently lower export incomes than import expenses, causing a permanent balance of trade deficit.

In fact, last year, the cedi was rated as the world's worst performing currency. https://t.co/mj3vNEPgCt

I know nobody sensible is listening, but I'll still waste my breath and say it anyway - REDENOMINATION IS NOT AN ECONOMIC SOLUTION, NEITHER DOES IT SOLVE INFLATION. IT IS AN AESTHETIC MEASURE AT BEST, AND COULD ACTUALLY WORSEN NAIRA INSTABILITY AT WORST.

There.

This Ghana Refugee don talk him own.

[D. H Bwala @BwalaDaniel]

TO WHOM IT MAY CONCERN

Hello sir, in case you need refresher course; the basic needs of the residents of the FCT are; affordable healthcare facilities; access to good education facilities, clean sports and recreational centers, affordable transport services system, efficient and workable street light in the city Centre and the suburbs; and finally, security. You came with a bullish and vendetta spirit venting fire and brimstone about demolition and revocation of titles. Abuja is not Port Harcourt. If you create chaos in the city, you will jeopardize your principal,s interests and he will be forced to sacrifice your job. You will learn humility on the job.

Retweet

[Shamsuddeen Isa @dinibabba]

FUNDAMENTAL TRUTH!!!

Real wealth - Comes from striking deals not from earning
WAGES, SALARIES or FEES!

~sorau~

[Akin Akinwale @mrlurvy]

Minister Wike, on sighting Wadata Plaza.

[MS Ingawa @MSIngawa]

FMBN increases loan limit to N50M

The Federal Mortgage Bank of Nigeria has increased the obligor limit of housing loans from N15 to N50m. This is due to high cost of building materials and inflationary trends. National Housing Fund (NHF) contributors can now get a house of up to N50m in any state of the federation and FCT.

NHF contribution is open to Nigerians working in both government and private entities, including those in the informal sector with verifiable income.

Eligibility
The NHF contribution is 2.5% of contributor's monthly salary and contributors will be eligible to apply for the loan after just 6 months of contribution.

The time which you have to pay down can be up to 30 years or less depending on the number of years you have left in service and it's at 6% interest rate when Commercial Banks are giving out loans with 30-40% interest rates. The Bank also has a Non-interest Mortgage Loan for Nigerians called Rent-To-Own.

FMBN recently commissioned thousands of Housing Units in several locations nationwide and is working to do more in line with Tinubu's Renewed Hope Plan to deliver 300,000 houses annually.

This is the best time for any Nigerian to come on board the National Housing Fund and get him/her self a home. Every state has a branch of Mortgage Bank, just walk in and make enquiries.

For more infor contact Mortgage Bank on @fmbnnigeria

God bless BAT
God bless Nigeria 🇳🇬

[Akin Akinwale @mrlurvy]

Takeaways from PBAT speech

• N75bn to fund enterprises at 9% per annum
• N125bn to energize MSME
• 200,000 Metric Tonnes of grains.
• 225,000 metric tonnes of fertilizer, seedlings and other inputs.
• N50bn each to cultivate 150,000 hectares of rice and maize.
•N50bn each to cultivate 100,000 hectares of wheat and cassava.
• N100bn to acquire 3000 units of 20-seater CNG-fuelled buses.
• Minimum wage to be reviewed

God bless Nigeria | God bless PBAT 👏👏
#PBATSpeaks

[Nairametrics @Nairametrics]

BREAKING: MTN incurs N131.4 billion in forex losses, earnings decline 64% - https://t.co/Qkb9mSqFo3

[Shamsuddeen Isa @dinibabba]

Sanctions will do the needful, just as the western world is fond of doing!

[Reno Omokri @renoomokri]

Niger Republic is a landlocked country. It should be possible for ECOWAS, led by Nigeria, to restore the democratically elected President, Mohamed Bazoum, to power by placing an embargo on the country. Nothing must go in, and nothing must come out except emergency medical supplies. No food, no beverages, no weapons, no cars, no nothing. Niger also depends largely on Nigeria for electric power. Abuja should shut the tap on that until the democratically elected President is returned to office. In addition, the Kano-Maradi rail line construction currently going on should be suspended.

And in addition to the sticks mentioned above, some carrots should be dangled, such as complete immunity for the coup plotters, as well as allowing the ring leaders to leave the country along with a promise to pay them a robust maintenance allowance.

There are other ways apart from military intervention to reverse this coup. Use sanctions and diplomacy to put the squeeze on these guys the way President Obasanjo put the squeeze on the putschists that attempted to overthrow President Fradique de Menezes of São Tomé and Príncipe in 2003.

#TableShaker

[Jackson Hinkle 🇺🇸 @jacksonhinkle]

Putin has forgiven $23 billion in African debt 🇷🇺

[Shamsuddeen Isa @dinibabba]

@chigozok Simple arithmetic guy, he came second in all those local government that atiku won, hence making his votes this mass.

[Shamsuddeen Isa @dinibabba]

@binance Second