Muna

Proud dad, Loving husband, Tech junkie, music lover, Co-Founder/CEO @Anakle, Foundational Nigerian

[Muna @munmanpro]

Other countries are mentioning factories and industries for jobs, your first lady is calling akara and kulikuli.

[𝐀𝐬𝐚𝐤𝐲𝐆𝐑𝐍 @AsakyGRN]

“I want to appeal to our young people in this country. Burna Boy, Asake and Davido, we want to see you come together under one foundation to help the poor with your money. The Maybachs and Rolls-Royces are good, but you can still help. The burden on the government is huge.”

— Nigeria’s First Lady, Remi Tinubu

[Muna @munmanpro]

@asemota He's a noisemaker

[Muna @munmanpro]

He who has ears let him hear

[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.

[Muna @munmanpro]

Why didn't he just repaint the old jet?🤷‍♂️

[Rod (Izzy) 🇺🇸🦅 @1zzyzyx1]

Trump wants everyone to believe he's fearless, but he was clearly unsure about the safety and defense of his Qatari grift gift. While he decided to bomb Iran again, he had to call back the 35-year-old AF1 to fly him out of Turkey. #DemsUnited

[Muna @munmanpro]

@J0eyafen It's fake

[Muna @munmanpro]

Var should come and overturn this one na. Werey.

[Muna @munmanpro]

No sir. The flooding is worse today.

[Channels Television @channelstv]

The floods in Lagos have been there before the coastal highway. It was there yesterday, it is there today, and it will also be there tomorrow. It's like the natural disasters in other countries, such as earthquakes.

— Dave Umahi, Minister of Works, dismissing claims that the Lagos-Calabar Coastal Highway is responsible for flooding in Lagos.

[Muna @munmanpro]

See where he go hang ball 🙌🙌🙌

[CHIGO @iamChigoo]

This guy brain suppose dey museum! How did he manage to jump from Brazil and Norway to this 😭😁

[Muna @munmanpro]

Haaland is like Thanos. Inevitable.

[Muna @munmanpro]

Mehn I gotta get me a Tesla

[Tesla @Tesla]

Introducing Model Y Long Wheelbase – now available in the US & Puerto Rico

A 3-row, 6-seat configuration that brings exceptional interior space with ample headroom & legroom for all passengers

0-60 in 4.4 seconds
325 miles of range

– Front row: Heated/ventilated seats w/ powered thigh cushion
– Second row: Heated/ventilated captain seats w/ powered armrests & one‑touch fold
– Third row: Heated seats w/ power recline, one‑touch fold & child seat anchors

–  Improved airflow, increased efficiency & more range

– 89 cu ft of trunk space: with 6 passengers, trunk still fits a 28" and 20" suitcase each, plus frunk holds an additional 20" suitcase. Oversized items like snowboards and bikes also fit easily

– Engineered for safety w/ seat belts & side air bag optimized for second & third row

– Upgraded acoustic glass & suspension to minimize road noise

– Adaptive damping for a smooth, stable ride

– Staggered tires for enhanced grip

– Larger tailgate for better rear visibility & bigger windows overall to deliver great views from every seat

– 16" first row & 8” second row touchscreens + 19-speaker immersive Tesla Audio

– Upgraded 50W wireless charging pads w/ active cooling & charging ports for all other seats

– FSD Supervised & integrated Grok AI

https://t.co/erculCry18

[Muna @munmanpro]

Gallas

[king @Sakaextra2]

Guess the Arsenal player who wore jersey number 10 from 2006 to 2010.

Level: very hard, no cheating!

[Muna @munmanpro]

Messi. Nah.

[Muna @munmanpro]

Equitorial Guinea is in the continent of Europe, right?

[Instablog9ja @instablog9ja]

Equatorial Guinea’s Government Steps Down From Office After Failing To Meet Targets

[Muna @munmanpro]

Milk that PR

[UEFA @UEFA]

🏆 Referee announced for 2026 #SuperCup!

We're pleased to share that Somali referee Omar Artan will officiate the highly anticipated match between PSG and Aston Villa in Salzburg.

[Muna @munmanpro]

@ChifeDr @asemota @Tehila_O Exactly. Are we really surprised this happened? The people filming were even saying thank God o that it successfully took off without at least detaining them and calling for law enforcement.

[Muna @munmanpro]

This was nice

[Muna @munmanpro]

I lost it at the last episode when the two sisters were casually strolling on third mainland bridge of all places - after escaping prison and having a 10m bounty on their heads! As how na?

[Grindboss @grindboss21]

Watched season 2 of blood sisters and all I can say is that these producers or directors don’t rate their audience at all.

[Muna @munmanpro]

As why na?😫

[Muna @munmanpro]

they didn't pay him enough to hold his breath

[Edith Aiyede @wierdith]

@ebonylifefilms @netflix what's going on here? Why is a dead man breathing at the morgue? Haba nau!
#bloodsisters2 #nollywood #NetflixNaija

[Muna @munmanpro]

Body go pepper them

[Polymarket Sports @PolymarketSport]

🚨TRENDING: The Norwegian squad is trying to adapt to the heat in America 🥵