hpesiD

Math, Accounting, Finance, and everything _in_between

[hpesiD @professorette]

@Fatai_py One favourite for each visualisation tool. ✨
1. Python
2. Excel
3. Tableau
4. PowerBI

[hpesiD @professorette]

It clearly states that “Where a person who is required to deduct at source fails to do so and has paid such a portion representing the required deduction to the recipient, only an administrative penalty shall be due and payable.”

[hpesiD @professorette]

Whether the LIRS is right or wrong, Selar cannot still be made to pay that 5% after the money has already been paid to the creators. At most, LIRS can impose a penalty in line with Section 9(2) of the Withholding Tax Regulations 2024.

[Douglas Kendyson @KendysonD]

Hi @jidesanwoolu, @hanneymusawa

I'm deeply disappointed in your @lirs_govng team hounding Selar in the name of claiming creator royalty taxes. I turn 30 in Oct and I've spent the last 10 years building Selar, so this is what the youth mean by policies being created to crush growing businesses. We are the pioneering and largest creator company in Nigeria (Africa actually), and instead of being supported by the government, the LIRS team is keen on trying to scapegoat us to set a precident.

Beyond the huge numbers seen in the headlines, we are still a young company just trying to make our mark for the creator economy in a country where we've never been supported once, we're literally a bootstrapped company. In 2025 alone, we've fulfilled our tax obligation in almost 9 figures and we've never missed out on any of our tax obligation over the years. You can check the records.

We are a software company, we make our ecommerce software available to our thousands of creators in not just Nigeria but 13 other African countries and for that, we earn a small commission of 4%, most of which goes to our payment provider. This is the same business as shopify, teachable, e.t.c There is no reason LIRS is hounding us for a backdated 5% royalty fee on all sales when we've clearly explained our line of business to them and shared everything to prove we are not a royalty based business.

What they're asking us to do is raise our pricing to extort these funds from our creators which is odd considering our creators still pay taxes on their income. No creator company in the world charges as high as even 5%.

Also, less payment gateway charges we get 1-3% max, so where do we pay backdated 5% fees from?

The government would have to decide if it wants the Nigerian creative economy to grow or not.

This conversation is important to me because we pioneered this industry of monetizing digital products online in Nigeria and today we host over 400k creators selling using our platform.

This is an opportunity for the government to show it's committment to making Nigeria work for young Nigerians especially in the creator economy.

Time and money we should be spending investing into our business and it's growth for the GDP of this nation is being spent in long back and forth.

We can't catch up with the west if this is what we're facing at home. Above everything else, disputes like this are distracting from the real work.

If anything, for all our CSR contributions to the education system in the country with our Smart Hustle Anti fraud initiative and our other efforts, we should be getting tax rebates, but we're not even asking for anything but to be left alone to build our business.

Thank you.

[Technical Ben @TechnicalBben]

You'll think you're great at communicating until you start working remotely with people from different backgrounds, countries and you realize you can't confidently explain the projects you've worked on. 😭

"I ain't gonna" Will cost you your job.

Learn how to communicate clearly and make sure people understand what you're trying to say.

[Zoe Baker @anarcho_baker]

My academic research system is to tell myself I'm only going to read the chapter relevant to my work. This gets me in the door with a promise of a quick read. Once I've started I then read the entire book due to paranoia about misunderstanding it or not seeing a key fact.

[Rufybaba @Rufyb]

To be a successful active investor, you must have superior insights.

A superior insight is not merely knowing something that is true. It is understanding something important that the market has either:

✑ not recognised;
✑ misunderstood;
✑ underestimated;
✑ priced incorrectly; or
✑ recognised, but is responding to too slowly.

What are examples of such "superior insights"?

✑ Superior understanding of the earnings trajectory
✑ Superior understanding of operating leverage
✑ Superior understanding of cost normalisation
✑ Superior understanding of return on invested capital
✑ Superior understanding of working capital and cash conversion
✑ Superior understanding of industry structure
✑ Superior understanding of pricing power
✑ Superior understanding of management quality
✑ Superior understanding of capital allocation
✑ Superior understanding of the balance sheet
✑ Superior understanding of regulatory changes
✑ Superior understanding of second-order effects
✑ Superior understanding of market expectations
✑ Superior understanding of catalysts
✑ Superior understanding of market positioning and fund flows
✑ Superior interpretation of alternative data
✑ Superior understanding of a company’s hidden economic engine

Active investors who don’t possess superior insight are no better than passive investors, and their portfolios shouldn’t be expected to outperform a passive portfolio.

They can try hard, put their emphasis on offence or defence, or trade up a storm, but their risk-adjusted performance shouldn’t be expected to be better than the passive portfolio.

[hpesiD @professorette]

@Oluwatosin_toon Thank you!

[hpesiD @professorette]

First attempt at ICAN..
passed all 5 courses! 🥳

Congratulations to me

[Jack Moses ∞ @jackmoses777]

A good indicator that an idea is worthwhile is that it seems incredibly obvious once discovered. It’s almost like it’s too simple to really be good. But that thought is not a red flag. It’s actually the exact reason you should pursue it.

[hpesiD @professorette]

@antinertia @benln Sent you a message

[hpesiD @professorette]

Haven’t seen @Mrpossidez tweets in a while.

[ʕ •ᴥ•ʔ @alpeh_v]

mathematicians love putting "an introduction to" in the title of a textbook that contains the most fucked up and domain specific information possible

[Vaishnavi @_vmlops]

Am I the only one here who genuinely loves the math behind the entire ML process?

[hpesiD @professorette]

@_aaadedapo I believe most of Nigerians’ fear of the new tax laws stems from the threat of stricter compliance measures. Apart from professionals and people in the formal workforce, most were not willfully evading taxes but simply unaware. This is all new to them.

[hpesiD @professorette]

@theProcessXCII Blue Eye Samurai

[hpesiD @professorette]

I ended my Apple Music subscription and found out you can’t listen to any music, not even with ads. That sucks 😂

[hpesiD @professorette]

@SrgtPeanuts Thanks, just used your code.

[zack @zack_overflow]

Every programmer should spend time building all the fundamental data structures from scratch (dynamically resizable array, hashmap, linked list)

Actually learning how they work and the specific implementation tricks is 10x more valuable than just knowing their Big O complexity

[hpesiD @professorette]

@4ster_light Yeah, this shouldn’t even be a hot take.

[Paul Graham @paulg]

The danger of working in secret is inversely proportional to the simplicity and precision of the test. It would be safe to work in secret for a year on a new rocket engine. But if you work in secret for a year on a new social network, it will probably be a flop.