๐จ๐จ| BREAKING: Barcelona have ๐๐๐ ๐๐๐ ๐๐ ๐ ๐๐๐๐ needed to complete the renovation of Spotify Camp Nou.
Joan Laporta is now set to seek approval from the socios for an extension to the original โฌ1.4 billion financing package in order to finish the project.
[@marca]
๐จ Sir Alex Ferguson sent a message to Pep Guardiola.
โHe is the greatest in this country; the tenure, the time, and for many, many reasonsโ, says Pep.
โI'm happy that Sir Alex Ferguson, the greatest could seeโฆ I'm pretty sure to Sir Alex we are not the 'noisy neighbours', we are the neighboursโ.
๐จ๐จ| Pep Guardiola is now the ๐ ๐๐๐๐ manager in the competitionโs history to win the EFL Cup ๐ ๐๐๐ times.
โ 2018
โ 2019
โ 2020
โ 2021
โ 2026
Following the announcement of the partnership between $1 & @HelloMoon_io, George has already taken off into space!
A huge thank you to all my fellow $1 friends who donated to make this mission possible.
$1 to the moon and beyond!
@1DollarSol#1Dollar
The $1 army grows stronger by the day. Titans stand with us. Generals @MediaGiraffes & @curtislepore lead from the front. The seeds are planted, the roots run deepโunyielding, unstoppable. The time to join is NOW, not when the mighty forest has already formed. $1 has no top. Be part of history. #1dollar
๐ญ Viktor Gyรถkeres: โGabrielโs celebration? Heโs welcome to steal it if he canโt create his own celebration!โ.
โI didnโt know he did that, but itโs fun he likes my celebrationโ, told @ViaplayFotboll.
Graeme Souness on Mohamed Salah:
โSalah is the most ๐ฆ๐๐๐๐๐ฆ๐ player I have ever witnessed. When Sadio Mane was there theyโd fall out all the time.
When the going gets tough and another player puts it on him, Salah will disappear from a game.โ ๐ณ
[@UpFrontPod]
๐ฅณWe're thrilled to announce that the $TRIAS community has officially surpassed 100,000 followers!
A huge thank you to all our supporters for being an integral part of this incredible journey. Here's to many more milestones together!๐ฅ
$TRIAS $GROW #RWA#AI#NetX
PRESIDENT TINUBU TO NIGERIA-SAUDI INVESTMENT ROUNDTABLE: ALL BOTTLENECKS WILL BE CRUSHED AND YOUR FUNDS WILL COME IN AND GO OUT WITHOUT HINDRANCE
President Bola Ahmed Tinubu on Saturday in Riyadh, Saudi Arabia, began his deliberation with the Captains of Saudi Arabian Industry at the Nigeria-Saudi Investment Roundtable by making clear that with his team in place, every negative perception or notion about what Nigeria has represented in the past with respect to the ease of doing business, monetary policy, and trade cooperation is no longer applicable now and in the future of Africa's largest economy, which he firmly declared is "open for business."
"I believe in this team that I have brought from Nigeria. When I took office, I declared the immediate commencement of bold and fundamental economic reforms. We have executed them, and we sustain the reform process. Today, I declare that red tape is gone!
"I believe in the full application of free market economics. Your money will flow easily in and easily out. The arbitrage around our nation's old foreign exchange policy regime and the corruption that was associated with it is also gone!
"We took on those bold endeavours from day one in preparation for serious investors like you seated here. The greatest opportunity for any entity to prosper lies in its human capital. My team is prepared. We can produce. Our market is full of Nigerian youths who are brilliant, highly educated, industrious, and passionate about innovation and engagement with world-class services.
"The navigation of the ship of this great nation lies in the membership seated here. We are ready to answer all of your questions directly, even into this night if need be. The sky is not just the limit, but it is the destination for our two countries and peoples," the Nigerian President confidently affirmed.
Saudi Arabia's Trade and Investment Minister, Kahlid El-Falih, noted the passion and candid expression of the Nigerian leader, saying that after listening to the President speak from his heart without any written remarks about what is possible between the two nations, Nigerians can expect that the Saudi investment community will respond not in words alone, but with substantial new investment across several sectors of the Nigerian economy.
"The Minister of Commerce and I will be visiting Nigeria either before the end of this year or very early next year with a very large delegation of Saudi CEOs from all key sectors. We know you are ready for business, so we do not want to come to Nigeria for any exploratory discussion. We are coming for implementation. It is an action visit.
"Mr. President, you agree with me that good intentions alone will not take us anywhere, so we will prepare well with your team and our investors will align with your officials, beginning now, to develop a concrete work plan of investments in the key sectors for takeoff when we meet again. When we meet soon in Abuja, it will be to sign and begin delivery on all agreements. We will also use the opportunity to formally inaugurate the Nigeria-Saudi Business Council.
Saudi Arabia's Commerce Minister, Majid bin Abdullah Al Qasabi, previewed how Saudi Arabia can further contribute to the soft infrastructural reforms needed to unlock game-changing quantums of foreign direct investment in Nigeria.
"We have signed an agreement with the World Economic Forum on the reform of the services sector in Africa. In developed economies, the services sector contributes enormously to GDP. But in the developing world, we tend to focus on goods. So, we would like to make Nigeria the pilot country in this agreement with WEF to study Nigeria's service challenges to make it seamless and make the supply chains across sectors streamlined and raised to international standard to enhance Nigeria's economic and investment viability over the long-term," he stated.
Take away -: it is obvious Dangote had to renegotiate the contract of crude oil supply and payment with NNPC and CBN respectively. It is now clear that Dangote will now be paying for crude in forex as oppose the earlier agreement with Emefiele before PBATโs administration to pay in Naira. With the volatility and Naira instability, it makes more sense to hedge our sale of crude oil in Dollars.
Secondly, dangoteโs refinery is expected to reduce crude price by 15% of current price, I donโt think we will seeing a price reduction anymore.
Instead the government will use whatever money to be saved from reduction to take care of shocks when global crude oil price increases hereby reducing the amount of โinterventionโ needed to keep price of PMS within limit.
Election Promises: I Must Achieve Success, Underperforming Ministers Will Be Sacked, Tinubu Tells Cabinet
We've spent the last six months reviewing and evaluating ourselves, weโve come a long way, but we set the agenda. Healthcare is a priority. Education of our people is a must. There is no other weapon against poverty than education. You have the opportunity to change things.
That is why we established the Result Delivery Unit. At the end of this retreat, you're going to sign a bond of understanding between you, the ministers, the permanent secretaries, and myself. If you are performing, nothing to fear; if you miss the objective, weโll review; if there is no performance, you leave us. No one is an island, and the buck stops on my desk.
President Bola Ahmed Tinubu
People will charge you +$1000 to explain to you how fundamental analysis works.
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No fancy shit, only real insights. Save it, share it.
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Sunday Punch newspaper is reporting that -To sustain the steady appreciation of the naira against the dollar, which hit a record low on Tuesday, reaching a record $1,310/$, the Federal Government has begun moves to bridge the dollar supply gap fuelling the free fall . The government was reaching out to individuals hoarding the dollar, establishments and those found to have looted the treasury to make them bring their monies to the mainstream market.
It is a form of amnesty for persons and institutions hoarding the dollar.
It also stated that the Executive Orders signed since last week were intentionally kept from the public so as not to raise too much dust that would distract the administration from its goal of stabilising the naira.
Personally, i believe that Emefiele opened up on some many things. One being, exposing those he indiscriminately gave forex , who are now speculating and sabotaging the economy.
I also believe that the government has been working with Nigerian Financial Intelligence Unit to track these dollars outside the banking sector. Surprisingly the president hasnโt name a new head for the NFIU.
What do we know ?. We know the forex kept in the domiciliary account in Nigeria is over $20 billion. We also know that a report by Global Financial Integrity shows that Nigeria losses $17.8 billion annually to illicit financial flow most of which are forex being hoarded in cash.
How then do you expect to stabilize Naira in this kind of system ?.
Our forex problem isnโt a scarcity problem alone. It is also due to certain cabals profiting from the wanton sabotage of the economy at the expense of the masses.
If we donโt take care of the loose ends, even if we pump $100 billion into the economy, the money will find it way into the black market and we will have succeeded in worsening our situation.
Mr president, Nigerians need some people named, prosecuted and put in jail.
At what point did Emefiele borrow $15 billion and we werenโt aware?.
How much do we have left in our foreign reserves( in terms of NET figures)?.
The official figures is putting it at $33 billion. But we are learning of an new $15 billion debt and we are struggling to look for $10 billion to settle forex forwards($8 billion).
What is the exact amount CBN owing?.
Mr Cardoso needs to address Nigerians. Jim Obazeโs report must be made public.
The rot made by Emefiele is unimaginable. This is wanton recklessness on a gargantuan scale
EFCC yesterday began a full-scale probe of the former Governor of CBN, Godwin Emefiele, with alleged $15 billion foreign debts topping the investigation.
Emefiele will also account for how the apex bank spent N74.84 billion to produce and roll out currencies, including new naira notes
The allegations are in addition to alleged fraud uncovered by the Special Investigator, Jim Obazee, who is looking into the activities of the CBN.
Obazee, whose committee is collaborating with the Federal Bureau of Investigation of the Nigeria Police, has also submitted an interim report on the CBN to President Bola Ahmed Tinubu.
A panel of EFCC operatives had started grilling Emefiele on the allegations against him, including the following:
- Alleged foreign debts of $15 billion
- Spending of N74. 84 billion on Naira redesign, production and roll out of currencies
- Alleged fraud in Anchor Borrowers Scheme
- Suspicious audit of CBN accounts
- Acquisition of bank, Fintech licences by some top officials of CBN
- Award of suspicious billions of Naira contracts