Billionaire in Makin

sell quality food grade packaging pouches, fresh kilishi and agro commodity export

[Billionaire in Makin @wachesim]

Whatever your packaging needs are, we've got you covered.
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Call/WhatsApp [phone]. Price starts from #40. Minimum order is 50 units.
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Kindly retweet.

[Sam Adeyemi @sam_adeyemi]

At the root of ingratitude is familiarity. Don’t let God, people and things lose value in your eyes. Bring out your old pictures and appreciate how far God has brought you. This is what my sweetheart, @nikeadeyemi, and I, and all of us are doing through this week as we celebrate the 30th anniversary of @daystarng. Join us and have a phenomenal week.

[Billionaire in Makin @wachesim]

@UN

[Savn Daniel @savndaniel]

I am just returning from the Custodial Center.

I was meant to re-interview just one person: remember the guy that got sentenced to death for defending himself against two armed robbers that attacked him?

Yes, today as scheduled for his further interview.

However, sequel to the said interview, the Officer in Charge, whilst on soft patrol, reached out to me and commended me for taking conscious effort to decongest the custodial center under his care. He was most impressed.

So, whilst at it, inmates without lawyers were referred to me.

I handful of them and some of those cases are worth sharing, after spending more than 4 hours [t]here.

1. Interviewed an inmate, let us called her EUO.
- She is 18 years old.
- Her father died when she was still a child (she is told).
- She hawks "agidi" and lives with her grandmother.
- Accused of armed robbery.
- She was arrested sometime in August 2024 alongside three men between ages 45 - 49 - all accused of armed robbery.
- When the police arrested, they tortured her to the point that she confessed to be an armed robber and wielding a gun.
-But at the Custodial center and during interview, she opened up that she never did any of those things: that it because:
1. the hung her upside down;
2. used lighter to burn her vagina;
3. tortured her until she could no longer endure the torture she received.

- One of the suspects arrested with her, who flatly denied being an armed robber, subsequently died at the police correctional center, owing to the torture meted on him at the Police Station.

- She was asked to produce 150k for her bail at the police station. But since she could produce the said 150k, she subsequently remanded.

- It is her case that she was prevented by the police from reaching her grandmother at all material time.

Her family is not aware of her whereabouts as I make this tweet.

I will be representing her pro bono.

[Somto Okonkwo @General_Somto]

“Something Should Be Done About Police Officers At Lagos AirPort Road. They Will Stop You And Try To Extort You And When You React, They Will Tell You That They Will Make You Miss Your Flight”.- Man Narrates Encounter With Nigeria Police On His Way To The AirPort.

[BIG DUKE @DukeDarls]

N1 billion naira in treasury bill with upfront payment of 20% which is 200M yearly will have you living like a 60yrs old in your 20s.

Boys retiring in their 20s these days, plan your own.

[Wode Maya ® @wode_maya]

I’m beginning to understand why most successful men are stingy😂

[Damilola🌺 @thebigdammy]

let’s have those new pick up lines that can never decline? 😍

[Alex Onyia @winexviv]

P.N Okeke will be 83 years old on the 30th of October. How do we celebrate and appreciate him?

[ThatPortharcourtBoy aka Nnukwu Nmanwu @ThatPHCBoy]

Tiktok is really changing how people sell, this woman apparently opens new supply of okirika on live and then be holding out the pieces one by one. People will now be taking screenshots and then move to her WhatsApp (linked in bio), where her staff are waiting to process orders

[Morris Monye @Morris_Monye]

These are Nigerian rice.

25kg here is N46k

50kg is N90k and they are calling it low price. 😃😃😃

Anyway check pinned tweet.

[Osaretin Victor Asemota @asemota]

You need to try fintech and suffer before you realize there are other ways to make more sensible margins from transactions. People who start selling airtime after launching a fintech aren't stupid. Those who leave it to sell food are even smarter for thinking out of the API.

[Dr Joe Abah, OON @DrJoeAbah]

Does anyone know about inexpensive health insurance, say for domestic staff, please? I would be grateful for any information about this. Thanks.

[NEFERTITI @firstladyship]

For those of us who do not understand what is going on here. I will try my best to explain the meaning of MPC, MPR, CRR & Liquidity Ratio. WALK WITH ME & retweet for others.

Monetary Policy Rate or MPR is a tool employed by Central Banks, & it is used to control money supply in the economy, lending rates & inflation as well.

If a central bank is a mechanic, then screw drivers & spanners are the MPR.

The 400 basis points simply mean 4%. Therefore, Yemi Cardoso’s Monetary Policy Committee (MPC) raised MPR by 4%. From 18.75% to 22.75%.

Raising the MPR could curb inflation & woo investors. Because investors like higher interest rates when they buy government issued treasury bills & government bonds.

Investors stay away from a country when inflationary rates are higher than interest rates. But I ncreasing interest rate from 18.75% to 22.75% could also lead to slower economic growth, lower consumer spending, & higher interests on loans. So it’s a double-edged sword.

The CBN is targeting inflation with this policy. But has it worked in the past? THE ANSWER IS NO! Emefiele tried it several times, & it kept on failing. It won’t work on food inflation by the way. The biggest driver of inflation in Nigeria is Food Inflation.

Using monetary policies to target food inflation is counterproductive, because farmers can’t go to their farms. You need to fix the supply side first, before the polices can work.

Food inflation can only be tackled when farmers return to their farms. This can only happen when you fight insecurity to a standstill.

Again, raising Cash Reserve Ratio (CRR) to 45% means that banks are now required to retain 45% of customer’s cash deposits with the CBN. So CRR is the CBN debits to commercial banks. It means that First bank or Access Bank must keep 45% of your cash deposits with the Central Bank of Nigeria.

This way, banks will no longer retain huge amount of cash in their vaults to lend to customers. Therefore higher CRR discourages borrowing & lending at the same time.

Liquidity ratio is banks balance sheet, or health status. It tells you if a bank is able to pay off its debts & liabilities. Or if a bank has kwashiorkor.

Liquidity ratio is a bank’s cash balance + assets it can easily convert to cash; like vehicles & real estate. A healthy Liquidity ratio must always be maintained because it measures the total liabilities of the bank, which is typically their customer’s cash deposits.

A liquidity ratio of 30% mandates bank to have current assets of up to 30% against their liabilities. Less than 30% shows that a bank is unhealthy.

“The Asymmetric Corridor of +100/-700 basis points around the MPR” simply means that the Central bank will lend to commercial banks at 23.75% (22.75 + 100). But it will borrow from commercial banks at 15.75% (22.75-700).

Remember that when you see +100 basis points, it means 1%. And when you see -700 basic points, it means -7%.

By this. the CBN is telling the commercial banks not to keep their cash with the CBN & earn so little (15.75%). The CBN is telling the banks to go out there & find lenders in the real sectors so that the banks could earn higher interests.

If the Central bank wants to reduce the cash in circulation, it can adjust this corridor, then pay the commercial banks higher rates, & the banks will move their cash away from their vaults to the CBN, therefore reducing the cash in circulation & inflation as well.

Did I try? I be JJC, abeg no fex. 😅😅

[Aanu Akinpelu @theaanu_a]

Not many NG fashion designers can nail quality corporate wear; it’s a mastery.

Think Rubyteal, Ladybiba, VictoriaKing, Dunnimatthews, Castleandretail, Famous Lifestyles, Outfitbyedein, and May27Couture—are rocking the top of that chain.

[Osaretin Victor Asemota @asemota]

I just had a dark thought about the correlation between the higher rate of kidnappings in Nigeria and the increased adoption of fintech products like POS agent transactions. How do these guys collect ransoms? There is something they must have perfected to make it untraceable.

[PROMISE  @HIZZYJOE06]

Things ladies do when they're alone 😫🤯

Watch video when you're Alone 😭🥺

[Morris Monye @Morris_Monye]

APC thugs beat up LP party representative live on National TV in Imo state collation center in the presence of Nigerian Police.

All because of election? Common election.

If there was no video, people would be doubting this.

[Name cannot be blank @hackSultan]

One blessing in disguise that happened to me last year was a friend I was supposed to loan 5M to start a laptop selling business last year, we concluded on everything, he’d pay back the 5M after 6 months, no interest or so. I was supposed to send the money by July. Early June, he messaged me to borrow 150k urgently to fix something that he was going to send it back the next working day because his banking app wasn’t working.

It’s been more than a year now, he’s checking my WhatsApp status and I’m checking his, and nobody has messaged each other. Didn’t return the 150k, and can’t ask me about the 5M loan also. win win if you ask me.

[The Instigator @Am_Blujay]

If you don't know the conflict between Israel and Palestine let me summarize is for you in this thread.

[Moe @Mochievous]

House hunting for a partner who is moving to Lagos. Agent asked me what my budget was, I said N8m - 10m for a 2bedroom in VI or Ikoyi. And they tried to shame me for it. “if you want anything that makes sense, you need to improve your budget”.
Is it playing?

[Oladipo @DipoAW]

We need to teach finance better. Today alone I saw 'Mavin records is doing $200m annually ' and that a certain BBN person has 2 or 3 oil rigs 🤣