Olúwábùkúnmi 🌸

Campaign for Jesus ✝️

[Olúwábùkúnmi 🌸 @iamadeyemij]

Find your song,
Sing it with joy,
Overflowing joy,
The day will dawn, the morning will come!

"There's hope for a tree that is cut down, that it will sprout again, and that the tender branch thereof will not cease." - Job 14:7

[JesusTheWay @JesusTheWay26]

The New Earth. The New Heaven. The Millennial Reign. Not AI-made.

Can you relate?

That's because you have not believed or confessed Christ and, hence not yet saved.

Good News! It is not yet late. So, don't sleep on it!

Ire o !

[Olúwábùkúnmi 🌸 @iamadeyemij]

The New Earth. The New Heaven. The Millennial Reign. Not AI-made.

Can you relate?

That's because you have not believed or confessed Christ, hence you are not yet saved.

Good News! It is not yet late. So, don't sleep on it!

Ire o !

[JesusTheWay @JesusTheWay26]

We all dream of a world with no war, no sorrow, no famine. That world is promised. And it's closer than you think. 🧵
#Faith
#Revelation21
#PeaceAndJoy
#joyous
#Christ
#TheWorldToCome

[Olúwábùkúnmi 🌸 @iamadeyemij]

Romans 10:10 NIV

[10] For it is with your heart that you believe and are justified, and it is with your mouth that you profess your faith and are saved.

https://t.co/80ssKjN6pF

Today, confess Christ as your Lord and Saviour, and you will be saved!

[oladokun kolapo ibrahim @omo_olla]

### 🚨 URGENT: Help Save Ajilore Abolade Esther – She Needs ₦40M for a Life-Saving Kidney Transplant! 🚨

Ajilore Abolade Esther is a brave young woman fighting Lupus Nephritis, which has severely damaged her kidneys. Diagnosed three years ago, she's battled through pain to pursue her Master's degree and dreams.she needs transplant
Donation Details:
Account Name: Ajilore Abolade Esther
Bank: GTBank Plc
Account Number: 0227283508 For inquiries: [phone]
No amount is too small – together, we can make miracles happen! Tag friends, repost widely. #SaveAjiloreEsther #KidneyTransplantNeeded #LupusWarrior #HelpSaveALife #NigeriaCares 🙏

[Olúwábùkúnmi 🌸 @iamadeyemij]

Only Jesus SAVES.
Acts 4:12.

[Eyo Eyo, PhD @Eyowhite3]

Here is a free gift for your holiday!!!

135+ soccer business cases with solutions.

📌Retweet
📌Like & reply "yes"
📌Follow

Sign-up using the link in the thread and I will send your copy within 24-48 hours.

[Olúwábùkúnmi 🌸 @iamadeyemij]

@Eyowhite3 Yes.

[Eyo Eyo, PhD @Eyowhite3]

For those who may be looking to get on my list, here is a free e-book on SQL for you.

To get a copy:

📌reply "yes"
📌Follow
📌Retweet
📌DM me for your copy

[Olúwábùkúnmi 🌸 @iamadeyemij]

@Eyowhite3 Yes

[Rufybaba @Rufyb]

RE: Nestle Nigeria’s Steep FX Losses
Many Nigerian companies reported significant FX losses in their 2023 fiscal year (that is no longer news), but three notable companies had their equity wiped out as a result. The interesting thing is that two out of the three names (MTNN and Nestle) rank very high among the blue-chip names on the Nigerian Exchange.

FX losses arise when entities hold dollar liabilities more than dollar assets and the exchange rate rises. In the head of finance people, holding dollar liabilities mean you are shorting the USD and exchange rate rising means that the USD has increased in value, thus translating to a loss for the entity who was short.

For consumer goods coys, they do not exactly short or long USD as a trader in the financial market would. Their dollar liabilities are often due to payables and loans that are denominated in USD or any other foreign currency (FCY). To manufacture products, these companies import raw materials from the global commodity market. It means they have to pay their suppliers in USD; hence payables sit on the balance sheet of these coys. Some companies even had Naira to repay their suppliers but were unable to pay because the CBN could not supply the dollars. Thus, those obligations had to remain on the balance sheet (consider this as a form of FX backlog). Guinness Nigeria experienced this problem.

In the case of USD loans, companies sometimes consider FCY loans because they are typically cheaper. But they become a pain when exchange rate rises because it means more Naira would be required to pay the same amount of dollar obligation. Companies who had dollar loans on their balance sheet took a hit.

Many of these coys will most likely say that while everyone saw a currency devaluation coming, the magnitude and sharpness of the movement was not anticipated. In all, these companies were victims of the Nigerian macro.

Nonetheless, I want to point at how Nestle brought problems to itself. Nestle is a very popular name among Nigerian investors. The track record of solid operating performance is there (see image below). Operating profits have been increasing every year except for 2020. The consistency of performance, spurred by its strong market leadership, management quality, and brand endears a lot of investors in this company. The company’s stock has also proven to be a very resilient one, especially in times of market downturns. Grandpas and Grandmas really love this stock (try to attend their AGMs and you’d see what I am talking about), and rightly so because the stock consistently delivered value.

[Olúwábùkúnmi 🌸 @iamadeyemij]

@HMRCcustomers Twas weekly and now monthly. Meanwhile, I do some menial jobs that give me some weekly income

[Olúwábùkúnmi 🌸 @iamadeyemij]

@HMRCcustomers Okay. Thank you. Will do.

[Olúwábùkúnmi 🌸 @iamadeyemij]

@HMRCcustomers That's Wednesday

[Olúwábùkúnmi 🌸 @iamadeyemij]

@HMRCcustomers Yes.

[Olúwábùkúnmi 🌸 @iamadeyemij]

@HMRCcustomers @HMRCcustomers

[Olúwábùkúnmi 🌸 @iamadeyemij]

@HMRCcustomers OK. Thank you for your assistance.

[Olúwábùkúnmi 🌸 @iamadeyemij]

@HMRCcustomers I have registered for self assessment. How long before I get a response?

[Olúwábùkúnmi 🌸 @iamadeyemij]

@HMRCcustomers They gave me nothing. Just the invoice was sent to me.

[Olúwábùkúnmi 🌸 @iamadeyemij]

@HMRCcustomers OK. Thank you. But I don't have a UTR, they only asked for my NI when I was going to be paid.