Lives must be valued, harassment and summary execution must stop. There is little else that can be done when one is too busy trying to stay alive. Nigerian youths deserve better #EndPoliceBrutalitynow
'All cash is money' but not all money is cash. You can have so much money without seeing/holding cash.
CBN 1 - 0 Cash loving Nigerians.
#CBN#banks#MoneyMatters#MONEY
Dear Roger,my friend and rival.
I wish this day would have never come. It’s a sad day for me personally and for sports around the world.
It’s been a pleasure but also an honor and privilege to share all these years with you, living so many amazing moments on and off the court 👇🏻
I buy bag of rice for N10,000
I form Kalu Rice Plc, sell 100 shares for N100 each. I value company @ N10,000
My friend pays N110 for my 100 shares, now Kalu Rice is worth N11,000 but bag of rice is worth N10,000
N10,000 = intrinsic value
N11,000 = market capitalization
That’s what Crypto people tell me: “You don’t lose anything until you sell.” Bros, when my cryto goes down, I am worth less than I was worth before! It’s simple really. @abiodunosemobor 😂
Warren Buffet started investing at age 11.
But most parents don't teach their kids about money at all.
10 financial concepts every parent should teach their kids:
You've been speaking English your entire life
but did you know that the words you speak are all created from 26 individual letters?
Here are the 26 letters that you MUST know:
Keep it simple, start early
Save 10% of all income. Active Passive, regular, commission, target a 10% savings rate. Automate it, remove all "temptation"
Once you accumulate savings, invest. Put that cash to work.
Younger? Equities
Older? Bonds, Money market, REIT
Terra Luna - $40 billion of investors money lost
3AC - from $10 billion in assets to bankruptcy
Voyager - owes $1.3 billion to 100,000 creditors
Celsius - owes millions to over 100,000 creditors, files for bankruptcy
Peoples life savings are behind those numbers 😔
A serious nation would have dredged from Sokoto via River Niger to the Atlantic. Similarly, Yola via Makurdi to the Atlantic. Abeokuta to the Atlantic. Imo and Abia to the Atlantic
Not ships, barges
but you want cheap fuel, so you allow your government to spend N4t on subsidy
This is too simplistic & I'll explain it here!
Firstly, the choice of port is solely that of the importer. If an importer’s warehouse or industry is in Lagos/Ogun (unfortunately, 30-40% of industries are located there), you wouldn't expect that person to use other ports..
🧵
Why is Lagos State richer than Abia State.
First, let's be clear, what is rich? for this post, I am using income generated by the State to be specific
1. VAT, tax on consumption
2. IGR, made up mainly of PAYE
The way @aproko_doctor has made sound medical advice accessible to many is truly admirable. I've seen a few lawyers doing something similar. I hope (we) professionals in other fields will take a cue and do better. #Medical#Doctors