@Iamivy05 The moment a man begins to eye his parents’ assets or inheritance as his lifeline, it’s a sign he has become remarkably unsuccessful. End of story.
English
Kolawole Ebunlomo
875 posts
May the Almighty Allah continue to bless and protect Father Emir, Sheikh @TamimBinHamad and the modern State of Qatar.
English
I can speak to this. A friend underwent kidney stone surgery in Qatar some years back, involving a large multidisciplinary medical team. His out-of-pocket cost was just 2 Qatari Riyals (about ₦80 at the time). Healthcare in the Gulf is among the best globally.
OurFaveOnlineDoc 🇬🇧 🇳🇬@OurFavOnlineDoc
An African man who got admitted in a Qatar hospital says he will never get well soon 😂 after describing the amenities in the hospital room and also the magnificent view from the hospital window. Qatar’s main source of income is oil- just like Nigeria 😢
English
@FinPlanKaluAja1 Interesting take. Zoom out and say that again.
It’s no surprise that some researchers suggest Bitcoin is understood only at the extremes, of course by the very foolish or the intensely intelligent
English
@AtedoPeterside @JattoQudus You're indeed an icon Sir, a mentor, a thoroughbread. Without doubt, one of the finest of your era! May God Almighty continue to preserve you and yours Sir.
English
Someone brought this wrie up from @JattoQudus to my attention. Wow.
On a lighter note, i am unable toI imagine what he might write at my Funeral if he survives me
Olóyè Jatto@JattoQudus
Atedo N. A. Peterside is one of Nigeria’s most respected bankers and entrepreneurs and the founder of what is today Stanbic IBTC Holdings PLC. Peterside founded Investment Banking & Trust Company (IBTC) in February 1989, at age 33, with a clear vision: to build a bank grounded in ethical practices, professionalism, and integrity, even in a crowded banking industry. He led IBTC from a small investment bank into one of Nigeria’s most trusted financial institutions, long before it merged with Stanbic Bank to form Stanbic IBTC in 2007. Under Peterside’s leadership, IBTC thrived and expanded, ultimately becoming a leading full-service financial institution with subsidiaries spanning banking, pensions, asset management, stockbroking, trusteeship, insurance, and more. His strategic approach and ethical backbone helped set high standards for corporate governance in Nigeria’s financial industry. In recognition of his immense contribution to the banking sector, Peterside received a Lifetime Achievement Award at the African Banker Awards in 2022, where he highlighted the importance of building a shared culture and values across the organisation. Even years after transitioning out of executive roles, his legacy continues to inspire business leaders and young entrepreneurs across Africa. ✔ Inspiring takeaway: He started with a bold vision, built a bank renowned for integrity and excellence, and then structured it to succeed beyond his tenure — a true blueprint for sustainable leadership and entrepreneurship.
English
@ndekekwe In that sense, investor appetite is grounded not in price naivety, but in historical precedent and policy regularity. Those who invest in Bitcoin under the impression that you adduced are at best, sojourners per Michael Saylor. Peace out!
English
@ndekekwe particularly long-term M2 expansion, the thesis becomes less speculative and more empirical. Neutral assets such as Bitcoin are therefore not viewed as short-term hedges against volatility, but as structural responses to predictable monetary debasement over extended horizons. ...
English
Again, Bitcoin reminds us of a simple truth many prefer to ignore: it is not as detached from government as its mythology suggests. The entire construct of absolute decentralization collapses the moment macro policy shifts. Good People, Bitcoin dipped on the news that Kevin Warsh is being considered for Chair of the U.S. Federal Reserve. Why? Because Warsh is associated with tighter monetary policy, higher real interest rates, and reduced liquidity. Markets read that as hostile terrain for risk assets and Bitcoin reacted immediately.
In plain terms, Warsh represents monetary discipline. Higher real rates reduce the appeal of non-yielding assets, and Bitcoin does not yield. So, when investors sense that the era of easy money may be curtailed, they rebalance. And Bitcoin, which claims independence from the state, moves in sympathy with the very institutions it says it wants to escape.
Yes, I missed Bitcoin early, when it was forgettable and ignored. But let us be honest with ourselves: anyone who claims Bitcoin is outside government influence is skipping basic logic. As long as fiat money is required to buy Bitcoin, and that fiat has alternative uses, Bitcoin remains inside the gravitational pull of central banks. You cannot be insulated from what determines the price of the currency you need to acquire the asset.
Today, investors are modeling a scenario where a strong dollar and higher real rates reduce the need for “non-yielding refuge” assets. And who determines that inflation and rate regime? Governments and their central banks. That is the reality.
Of course, markets are dynamic. Should the eventual Fed Chair pivot, loosen policy, or flood the system with liquidity, Bitcoin will likely return to celebration mode. It always does. But until then, let us retire the illusion. Bitcoin may be decentralized in architecture, but in price behavior, it still listens carefully to the state tekedia.com/bitcoin-slips-…
English
@BukkyOA Thank God for His enduring mercies. Please reach out to your former lecturer and send him some money to show how grateful you are and that you haven’t forgotten his support.
English
I cried on the streets of VI
😭😭😭
Help is coming.
English
@ProfitableMan1 Great analysis. Would be more nuanced to note that the "wash-sale" of Airtel would operate to adjust the stock cost basis, by the time you buy back at 20m. So you still get to pay the same tax if you sell upon price recovery to 100m. Bottomline - it's tax defferal, not avoidance
English
SIMPLE BREAKDOWN
Here is a simple explanation of how it works using MTN and Airtel shares.
The Setup
Imagine you start with ₦200,000,000 capital.
You split it equally between two major stocks:
You buy ₦100,000,000 worth of MTN.
You buy ₦100,000,000 worth of Airtel.
The Market Movement
Six months later, the market shifts:
MTN has performed well and is now worth ₦180,000,000 (you have a ₦80m profit).
Airtel has performed poorly and is now worth ₦20,000,000 (you have an ₦80m loss).
The Problem
You want to sell your MTN shares to secure that ₦80m profit.
However, if you sell, the government will expect you to pay tax on that gain.
The Solution (The Wash Sale)
To avoid paying the tax, you use your loss on Airtel to cancel out your profit on MTN.
Step 1: Sell the Loser
You sell your Airtel shares first. By doing this, you officially record a loss of ₦80m on your tax records.
Step 2: The Offset
You then sell your MTN shares and take your ₦80m profit.
When calculating your taxes, you combine the two:
₦80m (MTN Profit)
₦80m (Airtel Loss) = ₦0 Net Profit.
Because your net profit is zero, you pay zero tax.
Step 3: The Wash
Immediately after selling Airtel to establish that tax loss, you buy the Airtel shares back at the same price.
The Result
You secured your MTN profit tax-free.
You still own your position in Airtel (because you bought it back).
You used the system to legally "wash away" your tax bill.
In many other countries, there is a "30-day rule" that prevents you from buying a stock back immediately after selling it for a tax loss. In Nigeria, that rule does not currently exist.
This allows smart investors to sell and buy back instantly to protect their capital from taxes.
Nojeem ‘Nudge’ Yusuf@NudgeTM
If you invest in shares in Nigeria, you may have heard of the wash-sale loophole. Using a simple illustration to explain how it works, and why it needs closing: On 2 Jan, you buy: - 1million shares of A Plc @ N100 - 1million shares of B Plc @ N100 Total investment = N200m By 30 June: - B jumps to N180 = N80m paper gain - A crashes to N20 = N80m paper loss If you sell B, you realise an N80m gain and may owe capital gains tax (CGT) of up to N19.2m (at 24%). Now here’s the loophole. You first sell A @ N20, which gives you an ₦80m loss, and immediately buy it back at the same price. Your investment position in A is unchanged but you now hold a realised loss. You then use that N80m loss on A to cancel the N80m gain on B. Net gain is zero, so no CGT. By selling A, you’ve manufactured a loss purely to avoid paying tax on B. That’s a wash sale. Many countries block this with wash-sale rules. Nigeria hasn’t; we left the loophole wide open. This loophole defers the tax to the future, which is bad enough, and may sometimes mean it’ll never get paid.
English
@youraveragejeet @hakeemwonders @ProfitableMan1 Yeah, I see your point, though, the figures regardless; the concept remains the same. Definitely not as simple as it reads plus the concept has other ramifications that the tweet did not surfaced.
English
@hakeemwonders @ProfitableMan1 Do you think the 1 percent putting that money are on X
Anybody advertising shares on X and how good it is, is looking retail investors. And many retail investors do not have that amount sitting somewhere
English
So if you want to learn how to actually achieve market returns (or better) instead of underperforming, I recorded a free breakdown on the exact system that explains this.
Comment "100K" and I'll DM it to you.
English
There are TWO simple mathematical forces that when combined exponentially build wealth.
It’s why people make money significantly faster when they've hit $100k in net worth.
Here's what they are and how to maximize them:
English
@omodaddyyyy Success is often times on the other side of fear. It's in you, go for it!
English
Kolawole Ebunlomo retweetledi
Young people this is for you.
Stop doing PR.
Stop promoting politicians who've made life tough for you.
Any politician that will pay you to promote him is a cr!minal, let their actions speaks for them.
Focus on building yourself, get a job, and create your own opportunities.
Your future is in your hands.
English
Hustle, ooo! Don't let anybody tell you money will not make you happy. Better to find out yourself... Omo ogbon, mo ja e o!
Nairametrics@Nairametrics
"Money you do not spend is not yours, Life is for the living". Femi Otedola's Speech at the Wedding of his Daughter, Temi and Mr. Eazi.
English