@ScFidelis

Business | Money | Stocks |Wealth-building through markets| Breaking down money moves|

 Lagos, Nigeria
youtube.com/@Scfidelis
Joined November 2010
  • Tweets20.1K
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  • Followers15.1K
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If your degree didn’t give you a clear professional identity, go write CIS. You’ll thank your future self for it. And yes, you should come back to say thank you too. 😉
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Manchester United is starting to look like IBM. A once-dominant brand struggling to find its footing in a changing world. The big question is: Can United reinvent itself before its past becomes its biggest asset?
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With all the buzz about stock market, you'd think equity stakes are high. This data was the subject of my team's meeting this week & the behaviour of Nigerians regarding investments.
ProfitableMan
@ProfitableMan1Oct 21
85.66% of Nigeria's mutual fund money is in just two types of fund Money market funds (₦6.72trn) and dollar funds (₦1.75trn) together hold about ₦8.47 trillion. Equity funds hold 2.42% and bond funds 2.34%.
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It appears NGX has adopted its finish line for the year. Just dancing around the same spot.
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SEC introduces National Savings Scheme to boost capital market participation in 🇳🇬
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JP Morgan is coming to Nigeria and has deposited about N52 billion to the CBN. The biggest bank in the US is finally coming🎉
Bloomberg
@businessOct 20
JPMorgan has deposited $38 million with the Central Bank of Nigeria as it moves closer to securing a banking license in Africa’s most populous nation. Read more: bloom.bg/4ivgnmD 📷: Getty Images
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If your enterprise value as a company is almost entirely debt, then equity shareholders need to be worried. Even debt holdhers should not relax.
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Your work is going to fill a large part of your life, and the only way to be truly satisfied is to do what you believe is great work." - Steve Jobs
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Replying to @ScFidelis @Kechukwu_Modest
Exactly this. Savings interest is pegged to a slice of MPR, cancelled if you withdraw a 4th time, and then charges eat what's left. Sweep idle cash into an SEC-licensed money market fund, and compare yields after fees, not the headline rate.
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It is called “reform”. Same reason everything is 3x up.
Sir J (J9)
@SirJarusOct 18
Ilorin - Lagos 28 minute flight N220k
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When Trust is Repaid
Tony O. Elumelu, CFR
@TonyOElumeluOct 15
Yesterday, I had the pleasure of receiving a courtesy visit from Ike Chioke, Group Managing Director of @Afrinvest. A few years after the 2008 global financial crisis, which tested the resilience of many businesses, including Afrinvest, I made an unsolicited investment of $1 million in the company. Read more on my blog:👇🏾 tonyelumelu.com/afrinvest-wh…

AFRINVEST — When Trust is Repaid - Tony O. Elumelu

AFRINVEST — When Trust is Repaid

tonyelumelu.com
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Hate watch everywhere #MCIPSG #UCL
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PSG is a very scary team to play against.
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One of my biggest underrated strengths is my power of observation. It has saved me from the wrong people and helped me move ahead in life. I observe, connect patterns and draw conclusions. And I'm right 99.999999% of the time. 😂
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Why do people knowingly commit their entire lives to a system they already know may not reward them fairly?
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This tweet has been grossly misinterpreted by many.
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Always remember that you have options. There is almost always another way. What you don't want to do is trade away your options until you have none left. Options are a form of wealth. Protect them.
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Congratulations to everyone who aced the September CIS exams! 🎉 If you're not there yet, keep pushing. Your time will come. Don't give up!
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It gives me so much joy to receive DMs saying: “Thank you so much. I passed my CIS Level 1!” “I passed Level 2!” Knowing that my little contributions are making a difference in someone's journey makes it all worthwhile. ❤️
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Stephen retweeted
MR CANDY@CandydgreatOct 13
While trust and cultural factors could be contributing factors,I think poverty is the chief culprit here. A handful of people who can afford to pay for them don't see a need to do so. An average Nigerian will prefer to cover his car with the blood of jesus than insure it
Stephen
@ScFidelisOct 13
Is there a universe where Nigerians willingly buy insurance to protect themselves against life's risks? Health insurance seems to be the exception. Most other policies are driven by legal or contractual requirements. Is it a cultural problem, a trust problem, or are we simply too poor to afford insurance?
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