Ibiwoye

@Chetuyachinago Story

It is highly interesting and deeply ironic that Nigeria is currently being paraded as having the "world's best-performing stock market." To put statistical illusion into clear mathematical perspective, South Korea comfortably has over 200 publicly traded companies with an individual market capitalization exceeding $1 billion USD. In stark contrast, the total number of companies on the Nigerian Stock Exchange with a market cap exceeding that same $1 billion mark sits at a measly, fluctuating 11 to 18. Furthermore, the South Korean Stock Exchange is home to over 2,500 listed companies, whereas the entire Nigerian stock exchange is struggling to maintain even 150. To make matters infinitely worse, the annual revenue of just one single South Korean conglomerate, Samsung, comfortably exceeds the entire, devalued annual Gross Domestic Product (GDP) of the Federal Republic of Nigeria. So, it is obviously completely insane and deeply delusional to imagine that Nigeria is genuinely outperforming the rest of humanity in its actual economic output, industrial productivity, or stock market indices. Nigeria is currently the undisputed poverty capital of the world, where small businesses are collapsing by the dozens every single day. So that begs the question: what does this glowing market report actually mean for the ordinary people of Nigeria? Well, for one, if a struggling, debt-ridden developing nation suddenly starts to heavily outperform advanced, highly industrialized nations on its stock exchange, it is actually a massive, flashing red indicator that the country in question is facing a severe and monumental hyperinflation. Nigeria is currently experiencing historic, record-breaking inflation, so this stock market boom is merely an indicator that wealthy oligarchs, institutional investors, and local investment banks have smartly recognized that if they hold their cash in standard bank accounts during this highly volatile period, they will lose their purchasing power every single day. Since they cannot easily access scarce foreign currencies like US dollars or Euros due to strict government currency controls, they desperately dump their fast-depleting Naira into solid, tangible local stocks like Dangote Cement, BUA Group, or MTN Nigeria just to preserve their wealth. So, this triumphant news report that we are passionately commanded to celebrate is actually a terrifying warning sign that Nigeria is experiencing severe, runaway inflation. The local elites, corporate cartels, and bank directors are frantically tripping over themselves to buy blue-chip local stocks strictly to hedge against currency collapse, and this sudden, desperate surge in local demand has artificially driven up the prices of these shares to such a disproportionate, heavily padded percentage that on paper, it looks much more profitable to invest in the Nigerian stock market than in the highly productive, technologically advanced South Korean stock exchange. Another major reason for this artificial stock market spike is the aggressive, reckless increase in interest rates by the Central Bank of Nigeria on behalf of the IMF and the World Bank. While this brutal rate hike has successfully collapsed thousands of local manufacturing businesses because commercial banks are now charging as high as 40% interest on business loans, it has also temporarily attracted a massive influx of volatile "hot money" from foreign speculators who are lending money to the Nigerian government by purchasing short-term treasury bills and sovereign bonds just to greedily exploit these high yields. It is crucially important to historically emphasize that Nigeria is absolutely not the only developing country to be declared the "best-performing stock market in history." Mexico proudly achieved this exact same fraudulent title in the run-up to 1994, and it ended up almost collapsing their entire national economy into absolute oblivion. At the time, the Mexican government, acting on the strict advice of the World Bank, aggressively increased interest rates and adopted painful Structural Adjustment Programmes that triggered massive hyperinflation across the country. This temporarily, artificially increased their foreign reserves as yield-hungry international speculators dived in to exploit these high interest rates, causing their local real estate markets and stock exchanges to explode into a virtual goldmine for foreign investors. But this artificial boom did not even last for a few years. The moment the United States Federal Reserve increased its own interest rates, international investors panicked, liquidated their assets overnight, and pulled their hot money completely out of Mexico. This massive, sudden capital flight almost collapsed the Mexican Peso, forcing their desperate government to raise domestic interest rates to an astronomical 70%, but even this extreme measure was not enough to save the country from descending into total state failure. This was the exact moment Mexico was forced to accept a humiliating, sovereignty-destroying bailout from the IMF and the United States totaling a massive $57 billion. Exactly $20 billion of that came directly from the US treasury, but it came with the highly insulting, neocolonial condition that all revenues from the global sales of Mexican state-owned oil must be deposited directly into the Federal Reserve Bank in New York City as collateral to secure the debt, while the IMF forced even more brutal, structural adjustment programs on Mexico that the country has still not fully recovered from even to this very day. So, while this stock market boom is currently being heavily marketed as another monumental, ground-breaking macroeconomic achievement by the Tinubu Administration, it is in reality extremely dangerous, deceptive, and reckless. Not only does it completely fail to reflect the actual, material reality on the ground, which is that Nigeria is currently the bleeding poverty capital of the world, but this exact, artificial economic bubble has the direct, terrifying potential to completely collapse the Nigerian economy, trigger massive capital flight, and permanently reduce the country to a subservient, bankrupt puppet state run entirely by the harsh austerity measures, economic dictates, and financial chains of boardroom terror organizations like the IMF and the World Bank.

@KabiesiOlukosi People that would wear hijap without bra and pants. Modesty my foot

Hijab and dressing modesty are two different things; our mothers have been dressing decently before Arabs could even imagine anywhere called Africa. Stop deceiving people with modesty nonsense, stand with your Arab slave masters with your full chest.

@Watermelonpag1 @NigeriaStories What's your complaint? Your complaint is that people shouldn't sell Akara? I don't understand

@NigeriaStories Tinubu called his wife “Iya Alakara” and laughed. The same wife that told hungry Nigerians to start selling akara because “e no cost much.” They saw our complaints and turned it into comedy. This country is not a joke. We are not joking.

President Bola Tinubu yesterday playfully referred to the First Lady, Senator Oluremi Tinubu, as “Iya Alakara” (Mama Akara Seller), in an apparent light-hearted reference to the recent controversy surrounding her remarks on small-scale businesses.

@chibzyyyy Lol... APC has over 10 Million registered members

If BAT gets more than 5000 votes, we’ve failed as a country

SHINEDU KEEP LAGOS CLEAN @Riddwane @woye1

@mc_lively_ You must be sick. Calling someone by his real name is now bigotry?

“Dear Chinedu” Looked at it from every angle and it still seemed so crazy to me. This is solid proof that bigotry is state sponsored. What a disgrace.

Every patriotic Nigerian will watch and share this message from this solid and gallant Army Instructor. #NigeriaFirst #UniteAgainstTerror #StandWithNigeria #SayNoToTerrorism 💙.

@Rufyb God help me. I stopped after passing one SOA EXAM six years ago. I want to start again

A very niche area with a serious shortage of skilled talent.

@ana_herleemerh That's shows how stupid and heartless you are.

I will forever choose Islam over my ethnicity because Islam is my identity 🙌

Full name: Lawal Michael Nasiru Bolaji Stage name: Nasboi Profession: Posting Fake News

@gentlemanway007 This one Na were. Olodo barata

I can never attribute the success of the NGX solely to Tinubu. The growth we’re seeing in the stock market is largely driven by ordinary Nigerians who continue to patronize listed companies despite the economic hardship. People are buying food at higher prices, paying more for fuel, diesel, electricity, internet data, banking services, and other essentials. Not because they want to, but because they have no choice but to survive. Those higher revenues eventually reflect in the earnings of many listed companies, which then support stock prices and market growth. In many countries, when the stock market reaches new highs, the benefits are felt by ordinary citizens through stronger purchasing power and improved living standards. In Nigeria, many citizens are still struggling despite the market’s record performance. So when I look at the NGX’s all-time highs, I see the resilience and sacrifice of ordinary Nigerians reflected in those numbers. Full stop.

@Phatbabeluuu If he enters again. Kuku poison yourself and die.

If you enter again, it means all of us are fools and we deserve anything you do to us.

If you want Tinubu for a second term, retweet this.

@FinPlanKaluAja1 You haven't read this one yet???

When will I read of projects in you know where?

@olamide_adee Why?

Tinubu has to do jail mehn .

For those who have asked, to celebrate @YhungProf0, Ladoke Akintola University of Technology’s best‑graduating student, please make a donation to 2410293863, Zenith Bank, OLADEPO Caleb Olugbenga. Many thanks 💙. Please RT ko lor far!

@YhungProf0 @USinNigeria

Amid the flood of felicitations following my convocation as Overall Best Graduating Student of LAUTECH, I find it necessary to address the stir around my NELFUND appreciation post. I accept the praise, life changing offers and the backlash, in good faith. Still, it is only fair to set the record straight. I hail from a village in Osun State, raised in a modest family of five. I attended public primary and secondary schools, not by choice, but because even the most inexpensive private schools were beyond our means. Even then, survival itself; food and clothing was a daily struggle. I walked miles to school each morning, while my parents laboured as jacks-of-all-trades to make ends meet. For nine defining years before I entered university, we lived within sight of basic amenities yet beyond our reach, no electricity, no television; just lanterns and candles. Against these odds, I earned a scholarship and now this distinction. In my third year, a coursemate’s father, someone I had once tutored academically, gifted me my first smartphone which I am still using till now. On several occasions, lecturers, moved by quiet compassion, provided me with clothing. There are many other instances, too numerous to recount. So, I say this plainly, not all of us are born with a silver spoon. Some of us climbed the ladder by holding on to every rung of legitimate support we could find. As an engineering student aspiring to make academic history, should I resort myself to blaming my family’s financial situation for my inability to afford fees and essentials like a reliable smartphone or laptop needed for skills and certifications? For me personally, NELFUND was not incidental; it was instrumental and to acknowledge what helped one’s journey is neither propaganda nor misplaced allegiance. It is simply an act of appreciation. Thank you @NELFUND and everyone that contributed to this success! Greatness awaits all of Us.

@YhungProf0 @PBATMediaCentre @USinNigeria over to you please. Is there anything you can do for this brilliant mind?

I’ll be live on this X Space to share the role NELFUND played in my academic journey. Join us as we discuss access, discipline, and academic excellence. 🗓️ Friday, April 24, 2026 | ⏰ 3PM WAT Hosted by @PBATMediaCentre

@executivo_boss @Bond_not_james This one Na ipob terrorist

@Bond_not_james I delete my tweet? I see where you gut come from... your sister Milicent..marketing property at Madison...oh she is the one giving you access... and because she is a developer in Lagos, you dare not speak against Lagos Landlord or the state will come after them... I understand

Only Obi is allowed to dine with whoever he likes. Malami, Dino, Elrufai and co. The rest of us dare not do it else the headless mob will stop us from earning a living.🤡

If you are Yoruba like and retweet this tweet.