Ugodre Profile picture
I use this handle to report financial news, promote investor advocacy and financial literacy. Founder/Investor @Nairametrics. Tweets from me signed UO
temi castro Profile picture Ofili Ugochukwu Profile picture 🇿🇦 ~Andy~ 🇧🇼 Profile picture 3 added to My Authors
16 Apr
I have seen a lot of crappy CVs and some very beautiful ones.

One of the most important source of info about you is your CV. It can help you get that job especially if tension has the best of you.

So this a thread about CVs and how it could help you get that job.
My 9-5 requires that I interview a lot of guys. So this is from my experience and that of colleagues I’ve shared interview panels with over the years.

CVs are even more critical now that employees are now being hired Zoom or Skype. #WFH

Feel free to add yours.
1. Certifications or professional qualification. (Not just 1st degree). Even if it’s Cousera certifications, it helps.

2. Your skills - coding, writing, graphics, creatives, relevant software BI, financial modeling etc. Employers are looking for quick and easy on-boarding.
Read 8 tweets
13 Mar
So the craziest thing just happened to me today.

I meant to transfer N15k to a colleague NA yesterday and typed the account number. Logged into my banking app initiated transfer and completed transaction.

If only I knew...
Then today my colleague whom I was to transfer to buzzed and said she had not received the money. I’m like I transferred to you nau.

And then she is like hope you didn’t transfer to someone else oh!

That’s when all the hairs on my body rose. How can?
I scroll through my phone to see who i transfers to.

Money went to some Dagachi Moha dude I have never heard of in my life before and not to NA. I couldn’t believe my eyes. 🙆🏽‍♂️🙆🏽‍♂️

I logged into online banking as the text might be an error.
Read 10 tweets
19 Feb
So, last December I was at a bar having drinks with the CEO of a Microfinance bank. Of course he was paying for the drinks 🙈🙈

And then he asked if I had seen their new mobile app. I’m like no I haven’t.

He asked me to download...and errmm I sha downloaded.
He urges me to go ahead and register that I’ll have my account setup in 5 minutes. I’m like hell no.

No bank in Nigeria can open an account for you in 5 minutes on mobile.

Or so I thought...
I log in with my BVN and details pop up. Registration completed no hassles.

Next thing I know, he gets my account nos and transfers N100 to me.

Right there, I get an alert. I’m dumbfounded.
Read 16 tweets
19 Jan
Welcome to @Nairametrics Corporate News Roundup for the week ended January 19, 2020.
This thread is brought to you by @BluechipTechNG
@Nairametrics @BluechipTechNG Kindly retweet the first tweet of this thread so others on your timeline don't miss out.
Feel free to take part in this thread by commenting, asking questions or being a part of the conversation. The thread starts here.
@Nairametrics @BluechipTechNG 1. The Federal Government will begin implementation of the 7.5% Value-Added Tax (VAT) from February 1, 2019. Minister of Finance, Zainab Ahmed, disclosed this while inaugurating the Federal Inland Revenue Service (FIRS) board.
Read 26 tweets
12 Jan
Good Evening. Welcome to @Nairametrics corporate news roundup for the week ended January 12, 2020. This thread is brought to you by @BluechipTechNG
@Nairametrics @BluechipTechNG Kindly retweet the first tweet of this thread so others on your timeline don't miss out.
Feel free to take part in this thread by commenting, asking questions or being a part of the conversation. The thread starts here.
@Nairametrics @BluechipTechNG 1. Kicking off things from the insurance space. 6 insurance companies are considering mergers in a bid to meet the new regulatory requirement set by the National Insurance Commission (NAICOM).
Read 28 tweets
29 Dec 19
Good Evening. Welcome to @Nairametrics Corporate News Roundup for the week ended December 29, 2019. This thread is brought to you by @BluechipTechNG

Thread starts here.
@Nairametrics @BluechipTechNG As usual, kindly retweet the first tweet of this thread so others on your timeline don't miss out.

Feel free to be a part of this thread by commenting, asking questions or being a part of the conversation.

We begin..
@Nairametrics @BluechipTechNG 1. Dr Nnameka Ewelukwa has been appointed Acting Managing Director/Chief Executive Officer of the Nigerian Bulk Electricity Trading Company (NBET). The previous CEO, Dr Marilyn Amobi, was asked to hand over to the most senior staff.
Read 30 tweets
15 Dec 19
Good Evening. Welcome to @Nairametrics Corporate news roundup for the week ended December 15, 2019. This thread is brought to you by @BluechipTechNG
@Nairametrics @BluechipTechNG Kindly retweet the first tweet of this thread so others on your timeline don't miss out. Feel free to take part in this thread by commenting, asking questions or being a part of the conversation. The thread starts here
@Nairametrics @BluechipTechNG 1. Stallion Motors has denied media reports that it is in any form of financial difficulty. Some reports earlier in the week indicated that the firm had been taken over by the Asset Management Company of Nigeria (AMCON) and it was indebted to banks to the tune of N330 billion.
Read 30 tweets
10 Nov 19
Good Evening and welcome to @Nairametrics Corporate News Roundup for the week ended November 10, 2019.
This thread is brought to you by
@BluechipTechNG
@Nairametrics @BluechipTechNG Please retweet the first tweet of this thread so others on your timeline don't miss out.
Feel free to be a part of this thread by commenting, asking questions or being a part of the conversation.

Thread starts here.
@Nairametrics @BluechipTechNG 1. The Dangote group will spend about $2 billion setting up cement and fertilizer plants in the Republic of Togo. Construction of the cement plant is expected to kick off early next year.
The fertilizer deal will make the Dangote Group the largest ammonia producer in Africa.
Read 30 tweets
13 Oct 19
Good Evening. Welcome to @Nairametrics Corporate News Roundup for the week ended October 13 2019. This thread is BTU by @BluechipTechNG
@Nairametrics @BluechipTechNG As usual, kindly retweet the first tweet of this thread so others on your timeline don't miss out. Feel free to be a part of this thread by commenting, asking questions or being a part of the conversation.

We begin..
@Nairametrics @BluechipTechNG 1. The Federal Government is leaving no stone unturned in its bid to recover the debt owed the Asset Management Company of Nigeria (AMCON)

.
Read 29 tweets
13 Oct 19
What is the worst investment decision you ever made?

I’ll start with how I lost over N3m investing in one stupid diaper business. 🤦🏽‍♂️🤦🏽‍♂️

THREAD
Sometime in 2014 I was in the states with some friends so we got talking about diversifying into trade.

I mostly invest in equities and securities but they felt it was time to venture into trade. So they mooted this diaper business.
The dude who brought up the idea said all we had to do was go to Costco, order cartons of diapers at near cost price and then ship to Naija.

I asked about custom duties and all and he said that wasn’t a problem either.
Read 21 tweets
22 Sep 19
Good Evening and welcome to @Nairametrics Corporate News Roundup for the week ended September 22, 2019.
This thread is brought to you by
@BluechipTechNG
@Nairametrics @BluechipTechNG As usual, kindly retweet the first tweet of this thread so others on your timeline don't miss out.

Feel free to be a part of this thread by commenting, asking questions or being a part of the conversation.

Thread starts here.
@Nairametrics @BluechipTechNG 1. Last week, the police in Kano shut down the office of online payment portal, OPay.
No specific reason was given for the move.
A spokesman for the Kano State police command, DSP Abdullahi Haruna Kiyawa....
Read 44 tweets
15 Sep 19
Good Evening and welcome to
@Nairametrics Corporate News Roundup for the week ended September 15, 2019.
This thread is brought to you by
@BluechipTechNG
@Nairametrics @BluechipTechNG Thread starts here.

As usual, kindly retweet the first tweet of this thread so others on your timeline don't miss out.

Feel free to be a part of this thread by commenting, asking questions or being a part of the conversation.

We begin...
1. The Nigerian Liquefied Natural Gas (NLNG) is seeking a $2 billion facility from Nigerian banks, as part of funding for Train 7, its gas project.
CEO of the company, Tony Attah, disclosed this in an interview with Bloomberg.
Read 38 tweets
11 Aug 19
Good Evening.
Welcome to @Nairametrics Corporate News Roundup for the week ended August 11, 2019.

This thread is BTU by @BluechipTechNG
@Nairametrics @BluechipTechNG Kindly retweet the first tweet of this thread so others on your timeline don't miss out.

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We begin...
@Nairametrics @BluechipTechNG Our first story comes from the banking space.

1. Following an application filed by the Akwa Ibom State Internal Revenue Service, an Akwa Ibom State High Court has ordered the closure of all Ecobank and Union Bank branches in the state.
Read 45 tweets
28 Jul 19
Good Evening and Welcome to @Nairametrics Corporate News Roundup for the week ended July 28, 2019. BTU by @BluechipTechNG
@Nairametrics @BluechipTechNG As usual, kindly retweet the first tweet on this thread so that others on your timeline can see.

As usual, kindly retweet the first tweet on this thread so that others on your timeline can see.

We begin...
@Nairametrics @BluechipTechNG 1. Immediate past Minister of State for Aviation in President Muhammadu Buhari’s last cabinet, Senator Hadi Sirika, is poised to forge ahead with plans for a new national carrier.
Read 43 tweets
26 Jul 19
MTN’s 2019 Half year revenue was N566.9 billion

Half year profits was N98 billion

Its shareholders equity is N101.3b

Return on Equity is 95% (half year only).

Tell me why this isn’t God owns Company??
MTN total assets is about N1.48 trillion and return on assets of 6.6%.

With a return on equity of 95%, MTN basically relies on OPP to make money.

No sweeter business model than that. Why in this world will they ever bother with an IPO?? Why??
Oh and by the way MTN is paying Government income tax of N42.8 billion.

Per their cash flow statement they paid government

N110 billion in regulatory fine

N19.7 billion in taxes paid.
Read 5 tweets
14 Jul 19
Good Evening. Welcome to @Nairametrics corporate news roundup for the week ended July 14, 2019.

This thread is BTU by @bluechiptechng
@Nairametrics @BluechipTechNG Kindly retweet the first tweet of this thread so others on your timeline don't miss out.

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The thread starts here.
@Nairametrics @BluechipTechNG 1. Our first story comes from the oil and gas space.

Newly appointed Group Managing Director (GMD) of the NNPC, Mele Kyari has vowed to fix the country’s four refineries by 2023.
Read 36 tweets
19 May 19
Good Evening and Welcome to @Nairametrics Corporate News Roundup for the week ended May 19 2019. BTU by @bluechiptechng
@Nairametrics @BluechipTechNG Please retweet the first tweet on this thread so that others on your timeline can see.

Feel free to comment on any of the stories covered on this thread and ask questions if there are areas requiring further clarification. We begin...
@Nairametrics @BluechipTechNG 1. The first point of call is the oil and gas space.

Dangote Refinery & Petrochemical has given 120 local contractors about $368 million worth of contracts on its site.
Read 42 tweets
28 Apr 19
Good Evening and Welcome to @Nairametrics Corporate News Roundup for the week ended April, 28 2019. BTU by @bluechiptechng
@Nairametrics @BluechipTechNG As usual, kindly retweet the first tweet on this thread so that others on your timeline can see.

Feel free to comment on any of the stories covered on this thread and ask questions if there are areas requiring further clarification. We begin...
@Nairametrics @BluechipTechNG 1.In probably the biggest news from corporate Nigeria this week, the board of Dangote Flour Mills announced that it had accepted an offer from Olam International to buy the entire issued share capital for N130 billion, or $362 million.
Read 46 tweets
28 Apr 19
So we ran an analysis on inflation rate since 2011.

See results

1. March 2011- March 2015

CPI change of 42.4%

2. March 2015 - March 2019

CPI change of 67%

3. March 2011 - March 2019

CPI change of 137%
Btw CPI changes equals inflation rate. CPI is basically the basket of goods and services measured by the NBS.

Goods and services in the basket all have different weighting.
We went further and analysed for 10 years. The result is worrying.

Inflation rate between March 2009 and March 2019 is a staggering 207.4%.

Compare that to the US at just 20% within the same period.
Read 10 tweets
21 Apr 19
Good Evening and Happy Easter.

Welcome to @Nairametrics Corporate News Roundup for the week ended April, 21 2019. BTU by @bluechiptechng
@Nairametrics @BluechipTechNG As usual, kindly retweet the first tweet on this thread so that others on your timeline can see.

Also, feel free to comment on any of the stories covered on this thread and ask questions if there are areas requiring further clarification. We begin...
@Nairametrics @BluechipTechNG 1. Dufil Prima Foods Plc, makers of Indomie Noodles, has begun compensating farmers whose lands are part of the hectares acquired by the food company from the Edo State Government.
Read 47 tweets
27 Mar 19
The CBN cut rates by 0.5% to 13.5% yesterday (March 26)

How does this affect you?

Thread
The MPR is the rate at which the CBN lends it borrows money to the bank + or - 2%. Yesterday the CBN reduces the Monetary Policy Rate (MPR) from 14% to 13.5% for the first time since 2015. This was a surprising move and was unexpected.
Typically banks are expected to use MPR as a benchmark to lend money to their borrowers. For example, your loans will include a clause with interest rates as MPR Plus 10%. Which would have been 23.5%pa.
Read 16 tweets