Akeem Adebayo Ogunseni (BSc, MBA, FCA, FCIT, ...)

Associate Partner at Ernst & Young (EY). Specialization: accounting, payroll, tax, digital, and Tech.& Telecoms Sector focused solutions. Thanks 4 following.

[Àníkẹ́ Olójú Edé 🐝 @aniky_bee]

You can't watch this once 🤭😄. It will definitely bring back old memories ❤️🥰.

Tell me how many times you watched 🤩

[Akeem Adebayo Ogunseni (BSc, MBA, FCA, FCIT, ...) @writetobayo]

From Reno's wisdom. Wouldn't you rather listen!

[Reno Omokri @renoomokri]

Nobody is as proud of you as your parents. And nobody can love you as sacrificially as them. Neither your spouse nor your children are likely to give their lives for you. But your parents are likely to. Nothing kills your parents faster than to train you up to the point where you are successful, only for you to succeed and be ashamed to associate with them because they are local people. No matter how clean you look now, their dirty hands did it! If they can’t speak good English, at least they paid good money so you can speak it. If they don’t dress well, remember that it is because they spent their life savings so you can be addressed well. Never be ashamed of your parents. Especially when they are proud of you!

#RenosNuggets

[Akeem Adebayo Ogunseni (BSc, MBA, FCA, FCIT, ...) @writetobayo]

@renoomokri You're truly a scholar.

[Akeem Adebayo Ogunseni (BSc, MBA, FCA, FCIT, ...) @writetobayo]

@arinzemaduekwe @Nairametrics We are so strong 💪
Thank you for the commendations. #EY

[Akeem Adebayo Ogunseni (BSc, MBA, FCA, FCIT, ...) @writetobayo]

We hereby accept the hypothesis, having tested it statistically. Thank you, @stats_feed

[World of Statistics @stats_feed]

World's biggest economies in 2075, projected by Goldman Sachs:

🇨🇳 China: $57 trillion
🇮🇳 India: $52.5 trillion
🇺🇸 United States: $51.5 trillion
🇮🇩 Indonesia: $13.7 trillion
🇳🇬 Nigeria: $13.1 trillion
🇵🇰 Pakistan: $12.3 trillion
🇪🇬 Egypt: $10.4 trillion
🇧🇷 Brazil: $8.7 trillion
🇩🇪 Germany: $8.1 trillion
🇲🇽 Mexico: $7.6 trillion
🇬🇧 UK: $7.6 trillion
🇯🇵 Japan: $7.5 trillion
🇷🇺 Russia: $6.9 trillion
🇵🇭 Philippines: $6.6 trillion
🇫🇷 France: $6.5 trillion
🇧🇩 Bangladesh: $6.3 trillion
🇪🇹 Ethiopia: $6.2 trillion
🇸🇦 Saudi Arabia: $6.1 trillion
🇨🇦 Canada: $5.2 trillion
🇹🇷 Turkey: $5.2 trillion
🇦🇺 Australia: $4.3 trillion
🇮🇹 Italy: $3.8 trillion
🇲🇾 Malaysia: $3.5 trillion
🇰🇷 South Korea: $3.4 trillion
🇿🇦 South Africa: $3.3 trillion
🇹🇭 Thailand: $2.8 trillion
🇨🇴 Colombia: $2.6 trillion
🇵🇱 Poland: $2.5 trillion
🇦🇷 Argentina: $2.4 trillion
🇰🇿 Kazakhstan: $2.1 trillion
🇵🇪 Peru: $2.1 trillion
🇬🇭 Ghana: $1.5 trillion
🇨🇱 Chile: $1.2 trillion
🇪🇨 Ecuador: $0.7 trillion

[Akeem Adebayo Ogunseni (BSc, MBA, FCA, FCIT, ...) @writetobayo]

6lc cu0m https://t.co/FGNqGAuIUJ ks/681206-naira-continues-rise-against-dollar.html?utm_campaign=twitter&utm_mm and8mcn
9=twitter&utm_source=twitter

[Akeem Adebayo Ogunseni (BSc, MBA, FCA, FCIT, ...) @writetobayo]

Congratulations, Dr. @sgyemikale

[The Africa Report @TheAfricaReport]

Yemi Kale, Nigeria's former statistician-general who led a "data revolution" at the National Bureau of Statistics, has joined @Afreximbank as Group Chief Economist.

He'll bring over 24 years of public & private sector experience to the pan-African bank. https://t.co/pt35ES4M6i

[Akeem Adebayo Ogunseni (BSc, MBA, FCA, FCIT, ...) @writetobayo]

Me: How did we score our first goal? Let's accept the defeat wholeheartedly. Did we deserve to win, considering our performance?

[Reuben Abati @0xArbit]

Video of Ivorian goalkeeper allegedly 'wearing juju' during AFCON final sparks speculation [VIDEO] https://t.co/caqhhJpMZE

[Akeem Adebayo Ogunseni (BSc, MBA, FCA, FCIT, ...) @writetobayo]

Simplicity! Much appreciated @chibuzo_mikel

[Michael Chibuzo® @chibuzo_mikel]

The Cardoso Naira vs Dollar Chess Game: A Fight to the Finish

By Michael Chibuzo

I have watched very keenly the flurry of activities in Nigeria's foreign exchange market in the past couple of days. It is obvious that the Central Bank of Nigeria under the leadership of Dr. Yemi Cardoso has laid down a monetary chess challenge with the dollar and operators of Nigeria's foreign exchange market.

On 22nd September, 2023, Dr. Yemi Cardoso assumed office as the new Governor of the Central Bank of Nigeria. For two months, he did not make any key statement on the policy direction of the CBN until November 24, 2023 when he laid out what may be described as his first monetary policy speech at the 58th Chartered Institute of Bankers of Nigeria’s annual dinner in Lagos.

The key takeawys from Cardoso's speech at the dinner as it affects the Nigerian economy include the following:

- There is a continuous decline in Nigeria's crude oil production, which has led to a decline in government revenue and foreign exchange inflows;

- There is a growth in public expenditures to meet up with the required pace of growth. The combination of INCREASED public expenditure and REDUCED net public revenue led to fiscal deficit and public debt increase, placing additional strain on external reserves and contributing to exchange rate instability;

- Insecurity remains a pressing issue, affecting the agricultural, industrial, and services sectors simultaneously. The net effect is reduced national productivity, food shortages and inflation; and

- Unavoidable fuel subsidy removal and foreign exchange unification policy exacerbated a worsening macroeconomic indicators.

So, in essence, Cardoso highlighted significant challenges facing the economy to include high and rising inflation, inadequate foreign exchange supply, depreciation of the exchange rate, limited external reserves, weakened output, and high unemployment.

He said that the CBN will prioritize price stability to safeguard the livelihoods of Nigerians (ie tackling inflation) as well as stabilizing the exchange rate. These two areas if achieved will promote economic stability. The big question was always HOW.

The first thing Cardoso sought to do (in his words) was "to build back a better CBN" that had been painted in bad light over the past few years due to various factors such as corporate governance failures, diminished institutional autonomy of the CBN, a deviation from the core mandate of the CBN, unorthodox use of monetary tools, an inefficient and opaque foreign exchange market that hindered clear access, a foray into fiscal activities under the cover of development finance activities etc.

From the look of things, it was obvious that Cardoso was ready to make audacious policy u-turns from what was obtainable in the CBN. Strangely, he decided to bid his time before holding a Monetary Policy Committee meeting (last one was held in July, 2023). Obviously he wanted to clear the monetary table of a lot of 'debris' before constituting an MPC meeting.

The volatility and lack of adequate liquidity in the foreign exchange market (which had earlier been liberalised) posed the most immediate challenge to Yemi Cardoso and he understood the implications for businesses and investors. This is why it appears he took it up as his topmost priority.

At that CIBN dinner, Cardoso said, "in order to ensure the proper functioning of domestic and foreign currency markets, CLEAR, TRANSPARENT, and HARMONISED rules governing market operations are essential. New foreign exchange GUIDELINES and LEGISLATION will be developed, and extensive CONSULTATIONS will be conducted with banks and FX market operators before implementing any new requirements."

On January 22nd, the CBN fixed February 26 - 27 as dates for its 293rd Monetary Policy Committee meeting - the first since Cardoso was appointed more than four months ago.

[𝗛𝗮𝗿𝗮𝗺𝗮𝗶𝗻 @HaramainInfo]

Surah Al-Ĥujurāt | Ayah 1 - 13 | Shaykh Abdul Muhsin Al Qasim

[Akeem Adebayo Ogunseni (BSc, MBA, FCA, FCIT, ...) @writetobayo]

Perhaps, @premierleague should learn from the VARs selected by @CAF_Online for the on-going AFCON 2023.

Impressive decisons so far by the VARs.

[NITDA Nigeria @NITDANigeria]

A CALL FOR APPLICATION!!!

NITDA/COURSERA Scholarship Programme: Cohort 3

Application Start date: 24th january 2024, and the training programme will kickoff on February 10th, 2024

Hurry up and apply now, and don't miss out on this incredible opportunity.

Application link https://t.co/mmEylsbGS3

[Akeem Adebayo Ogunseni (BSc, MBA, FCA, FCIT, ...) @writetobayo]

Trust me, your experience with EY Ghana will be an exceptional one.

Wouldn't you rather apply. https://t.co/IdozdWk6tR

[Akeem Adebayo Ogunseni (BSc, MBA, FCA, FCIT, ...) @writetobayo]

A typical scenario to differentiate fairness from equality. https://t.co/CPki4VmIIa

[Akeem Adebayo Ogunseni (BSc, MBA, FCA, FCIT, ...) @writetobayo]

@Godwinsimon_ @DrJoeAbah Excellent work. Please keep it up.

[Akeem Adebayo Ogunseni (BSc, MBA, FCA, FCIT, ...) @writetobayo]

To our Muslim faithfuls, we pray Allah SWT accept your fasting and prayers. https://t.co/A9bfqb24o6

[Akeem Adebayo Ogunseni (BSc, MBA, FCA, FCIT, ...) @writetobayo]

To our Muslim faithfuls, we pray Allah SWT accept your fasting and prayers. https://t.co/IewKx93K5W

[Akeem Adebayo Ogunseni (BSc, MBA, FCA, FCIT, ...) @writetobayo]

Congratulations, Moyosoreoluwa Dada. Originality always stands out!
We wish you all the best in future. https://t.co/PERdzCXySY

[Akeem Adebayo Ogunseni (BSc, MBA, FCA, FCIT, ...) @writetobayo]

Excellent research work and interesting conversation on blockchain technology.
Congrats, well deserved. https://t.co/LNIG74p4Tc

[Akeem Adebayo Ogunseni (BSc, MBA, FCA, FCIT, ...) @writetobayo]

Pelumi, you gave it a good shot.
Well done and all the best. https://t.co/fgSxHOKnNg