Stephen

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Stephen

Stephen

@ScFidelis

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

Lagos, Nigeria Bergabung Kasım 2010
762 Mengikuti15.4K Pengikut
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Stephen
Stephen@ScFidelis·
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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Stephen
Stephen@ScFidelis·
UCAP recognizes the jewel in NGX. Key market initiatives like more pension participation, T+1 settlement, market development effort towards more listing, possible intra-Africa trade in the future, are material changes that benefits NGX. The NGX is pretty much on a trajectory to something great.
Tuchel@Officially_Kriz

United Capital Plc has announced the acquisition of 5% stake in NGX, securing a significant ownership in the Cornerstone of Nigeria's capital market infrastructure.

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Stephen
Stephen@ScFidelis·
@gOkEspark No, that’s not what I twitted. The post is pretty obvious. If you choose to give it your own meaning, that’s on you.
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Stephen
Stephen@ScFidelis·
Elon Musk is now worth $1 trillion. Nigeria wants to become a $1 trillion economy by 2030. One man. One country. Same number. Think about that.
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Stephen@ScFidelis·
@Chegbe_o If we capture all the unreported solid minerals, taken out of this country in private jets, our GDP is certainly much more.
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Chegbe
Chegbe@Chegbe_o·
@ScFidelis Someone misappropriated 210 Trillion Naira in 5 years.
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Stephen
Stephen@ScFidelis·
Always do great things. The world may not notice immediately. But excellence compounds.
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Goke Adebisi
Goke Adebisi@gOkEspark·
@ScFidelis Valuation and Actual Volume is different. Making a total revenue of 1 TrillionGDP) and valuation of a business @ 1 Trillion(Valuation) is not the same thing.
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Stephen
Stephen@ScFidelis·
@BGC001A What is misleading about it?
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Akintola Usman B.
Akintola Usman B.@BGC001A·
The comparison is misleading because Elon Musk’s $1 trillion is an estimated net worth based on asset valuations, while Nigeria’s $1 trillion target refers to actual annual economic output. One represents the estimated value of assets, the other measures the value of goods and services produced, making them fundamentally different metrics.
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Stephen
Stephen@ScFidelis·
SpaceX's Nasdaq debut was historic. Day 1 was about excitement. Day 2 is about conviction. Let's see what the market thinks today.
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StockBubbles Updates x HISA
StockBubbles Updates x HISA@stockbubblesNG·
The index says -2.3% MTD. StockBubbles shows what that actually looks like. 🔴 Red bubbles dominate the screen. 🔴 Former leaders like FIDSON (-25.9%), ACADEMY (-18.6%), UHOMREIT (-17.4%) and NEIMETH (-17.0%) have seen sharp pullbacks. 🟢 A few pockets of strength remain (ABBEYBDS +83.9%, INTENEGINS +43.1%, INFINITY +20.3%), but they're increasingly the exception. The market may still be +57% YTD, but June has clearly been a month of profit-taking. Trade NGX stocks instantly with HISA ⚡ click.hisa.co/7fkf/stockbubb…
StockBubbles Updates x HISA tweet media
Stephen@ScFidelis

NGX opens the week at: • +57.27% YTD • ₦156.97 trillion market cap • ASI above 244,000 Yet June tells a different story. The market is down 2.3% MTD and ₦3.5 trillion has been wiped off market value. Momentum appears to be cooling.

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Stephen
Stephen@ScFidelis·
CSCS is perhaps the closest thing to a toll gate business in the Nigerian capital market. It owns the market infrastructure and earns fees as transactions flow through the system.
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Stephen
Stephen@ScFidelis·
NGX opens the week at: • +57.27% YTD • ₦156.97 trillion market cap • ASI above 244,000 Yet June tells a different story. The market is down 2.3% MTD and ₦3.5 trillion has been wiped off market value. Momentum appears to be cooling.
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Stephen
Stephen@ScFidelis·
@FinPlanKaluAja1 That’s so unmotivating. No price money for second position in Nigeria football leage @PoojaMedia 😳 Explains all the match fixing in the league.
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Stephen
Stephen@ScFidelis·
The biggest investment opportunities often look obvious in hindsight. The challenge is that they rarely feel obvious in real time. That's why conviction is valuable.
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Olumide Adesina
Olumide Adesina@olumidecapital·
There is a level of wealth that rarely comes from an investment account or full-time paid work. You must create
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Stephen
Stephen@ScFidelis·
Hi, I get the idea of what you’re trying to do. Yes, you can compound for that long. Typically, the interest adds up to the principal every quarter. And you can auto-reinvest so that the process runs on autopilot for the 5,10,20years you want to compound for. Now, can the account go dormant? No. However, it is not out of place for the Fund Manager to ask you for updated KYC after a long period of inactivity. This is to confirm authenticity of the account holder.
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c@IbredeTen·
@ScFidelis Hello. Can an individual's money market fund or other mutual funds account go dormant if it sees no activity for a period, like bank account? Or can one just leave a lump sum in a mutual fund for 20 to 30 years etc hoping it would have compounded well quarterly or monthly?
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