I absolutely agree.

I know that FMDQ is responsible for the daily data but they have been largely inefficient.

I was looking for the forex data (the official window) for Thursday and couldn’t find any.

CBN needs to come out with clear guidelines on reporting forex

To think some people actually insulted me in December 2023 when I called out Mele Kyari lies. 😂😂.

Anyways, the Minister of state for petroleum, Heineken Lokpobiri promised us last year that the Kaduna refinery will be ready December this year. He should come and tell Nigerians

On this issue :- I reached out to a source in the relevant security agency on this matter. I was reliably informed that it has been flagged as “imminent danger” and it’s being looked into.

I am told that they ( security agency) may have to expend their hands to them, just like

Crash ke?

😊😊😊😊😊😊

OPEOLUWA 😎😎 Summary:

March's Value Added Tax (VAT) hit N549 billion, rising N89 billion from February, signaling economic upturn. Yet, three federal agencies owe N1.7 trillion to the Federation Account, stressing the urgency of timely remittance for societal benefit. Ope urges them to pay

A decrease from last month but worthy of note is the fact that Value Added Tax (VAT) in March 2024 was N549 billion, a significant increase of N89 billion compared to February’s N460 billion which may suggests increased economic activities, particularly in sectors that generate

OPEOLUWA 😎😎 Summary:

Olusegun Omosehin, Nigeria's new insurance commissioner, brings extensive experience in the industry, holding leadership roles in various insurance companies. Ope expresses hope for sectoral reform, particularly emphasizing the need for recapitalization.

The new commissioner of insurance in Nigeria is Olusegun Omosehin

Mr Omosehin holds a BSc. in Political Science, a Masters in International Law and Diplomacy as well as Masters in Economics from the University of Lagos.
He is an alumnus of the Lagos Business School and Said

The new commissioner of insurance in Nigeria is Olusegun Omosehin

Mr Omosehin holds a BSc. in Political Science, a Masters in International Law and Diplomacy as well as Masters in Economics from the University of Lagos.
He is an alumnus of the Lagos Business School and Said

Now that we have a new man at the helms of affairs at SEC. We should expect in quick succession guidelines on bank recapitalization process, guidelines on crypto and cNgN, guidelines for forex dominated equity and bonds.

And a lot more.

I present Mr Timi Agama ( DG SEC)

OPEOLUWA 😎😎 Right balance of understanding regulatory controls for building trust, being open to innovation and strong relationships with the new kids on the block.

Back to this news 😂.

It just occurred to be that Lamido Yuguda erstwhile DG of SEC, who was at a press briefing this afternoon has been relieved of his job. 😊😊

The new DG is Emomotimi John Agama.

A Chartered Management Accountant, Economist, Investment Analyst and a Risk

The security and exchange commission ( SEC) held a press briefing today and these are some of the highlights

-There will soon be an appropriate guidelines to facilitate an efficient capital raising process, prioritize speed, fairness, and good market conduct that is paperless

To think I just talked about SEC’s meeting today. This appointment is instructive.

Watch out for lots of activities from SEC

The only way to recalibrate GDP is rebasing. Once you get a based value , future adjustments are based of “growth rate( positive or negative) ”

We have seen other currencies depreciate against the dollar, why didn’t they recalibrate their GDP?. Oh because we “ devalued” our own

The security and exchange commission ( SEC) held a press briefing today and these are some of the highlights

-There will soon be an appropriate guidelines to facilitate an efficient capital raising process, prioritize speed, fairness, and good market conduct that is paperless

As the IMF spring meeting in Washington DC , USA comes to an end, there is a sense/ feel of optimism amongst the participants that Nigeria is definitely on a path to recovery and sustainable growth.

Despite soaring inflation figures, IMF already gave a verdict of improved

I have seen a lot of tags on this issue and to be honest I think it’s rather premature.

One great thing CBN and NSA did was fighting this forex sabotage in one full swoop.

The real issue is , will BDCs quote the price Bybit is quoting, after CBN already put a “peg” on the price

Examples of the dormant savings :-

Domiciliary account -$30 billion
Cash reserve ratio - N 6 trillion
Unclaimed dividends- N 200 billion
Inactive account - >N500 billion( 2021)
Part of Pension fund -: N20 trillion

There is also stashed / hoarded Naira and forex.

Who is