While we patiently wait for Aradel's audited numbers, the valuation of the coy will depend on whether they consolidate Renaissance's numbers or if they adopt a simple accounting approach.
Ordinarily, the method used shouldn't matter.
Here is what I mean...
@Officially_Kriz Met him last year, and his lecturer was one I enjoyed the most. At the time, MTN just crossed the 10trn MC. Omoo, he 'boasted' about the win a lot.
Also, while narrating his career path, he kept saying, "I sacked my employer" 😂.
Really fun and insightful moment
Q: Why is it so easy to criticise and have a plan till you get into government? 🤔
A: Because outside govt, you see the problem in straight lines. Inside government, you meet the maze.
From outside, failure often looks like a lack of will, competence, courage, or integrity. Sometimes it is. But inside government, plans meet weak institutions, inherited liabilities, vested interests, procurement rules, courts, legislators, budget limits, security realities, civil service inertia, and the politics of timing.
Culture happens, stories begin and self-preservation agendas find life.
The easiest sentence in public life is: “They should just fix it.” The harder truth is that the state is not one person with one button. It is a network of laws, interests, fears, incentives, sabotage, capacity gaps, and consequences.
Still, complexity is not an excuse for failure. Government exists to organise complexity into results. The real test of leadership is whether a plan survives contact with reality, adapts without losing its moral centre, and delivers relief citizens can feel.
So, I have learnt to appreciate progress, momentum and incremental gains..... not the eldorado version.
Yet, criticism keeps power honest, but getting results for desired governance requires more than criticism. It requires getting involved, sequencing, coalition-building, courage, competence, communication, and the humility to accept that the problem was deeper than the slogan.
The code is to win by knowing when to lose, win or compromise.
On a scale we can all relate wirh, we should for example know that the wedding, of which we priotise expenses with, is just an event, while the marriage remains the institution of priority. Even within this family arrangement, optimising value reflects similar challenges.😔 You can read this in a way you get the message.
Be ye circumspect.....
You may have to pay me for this hack.
But I am ever so generous 😂
Create a voice note to yourself. It will be you talking about how amazing you are, the impact you have made, and the outcomes you are shaping and have shaped in your life and career.
To make it more powerful, also talk about how lame you are 😂😂, the things nobody could ever pay you to do and still how you have managed to get away with them 😂
Save that voice note somewhere and listen to it every day.
You can also make a new one every 6 months or so.
I promise you, nothing will be more inspiring and self-assuring than that.
Let me know how you get along.
Late yesterday, the S&P Global Ratings announced what some folks had anticipated. Nigeria’s credit rating was upgraded by one notch to B (five levels below investment grade), the first upgrade since 2012. According to S&P, the considerations for the credit rating upgrade were:
✑ Higher oil prices
✑ Improved capacity to refine and export crude
✑ The decision to liberalise the exchange rate
This is a big win.
I have seen, in some places, the frustration over the gap between macro wins and micro pains. The honest answer is that the average Nigerian on the roadside cannot connect this progress to their well-being today. They will only feel it through a longer transmission chain that has not yet finished playing out.
A credit upgrade essentially signals to the global market that Nigeria is a less risky borrower, allowing the federal government and major Nigerian corporates to borrow at cheaper rates abroad. The bread-seller in Mushin does not borrow from JP Morgan or from the international debt market, so the immediate effect on her bottom line is zero.
Where it eventually shows up for her is in three indirect channels:
✑ First, cheaper sovereign borrowing means the FG can enter the international debt market and borrow at a lower rate to refinance some of its costly debt. This will result in lower debt service spend and, in theory, provide more fiscal room for roads, power, security, etc.
✑ Second, lower country-risk attracts FDI and portfolio inflows, which strengthens the Naira (we might see an extended stability in the FX market. Naira is still likely to remain a darling). The imported inflation will also slow, and this is the channel where the Mushin trader would feel it the fastest.
✑ Coys can refinance their debt or raise capital for expansion. A business expansion opens the door to hiring, which means higher income in the economy.
However, all of these still depend entirely on whether the reforms continue and whether the fiscal headroom is actually deployed productively rather than consumed (I've been hearing news of how APC Governors have been cornering funds for the Presidential campaign. Toor).
By the way, my family members and I in the equities market will smile at this development.
We can go months without talking, and when we finally reconnect, I’ll treat you like we’ve been speaking every day, as long as the vibe is still the same.
I don’t believe in everyday conversations, just check up on your friends once a while…Everyone has one or two things they are dealing with.
A lot of music today feels engineered for quick reactions. Viral snippets. Forced catchphrases. Loud marketing. Temporary excitement disguised as cultural impact. Songs arrive heavily packaged, they will dominate the timelines for two weeks, then it'll disappear without leaving any emotional residue behind.
But every once in a while, an artist and a producer will lock into something more intentional.
That is what BNXN and Sarz delivered on The Game Needs Us.
This EP feels like a reminder of what happens when melody, songwriting, emotion, production, and chemistry are treated seriously again.
I absolutely love it. The Game Really Needed Them. This is beautiful music
I hate it also. For everytime I read a topic. I’ll write it down
No matter how many times I read a topic. I’ll always write it down
I will end up having like 6/7 jotters for one course
Happened to me during law school, during exam time. I had to line up all the jotters to read together simultaneously
How do I switch my way of reading?