“Uwa bu ahia” [the world is a market], Come to Tekedia Mini-MBA To Learn About Markets

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August 24, 2023

Many posit that online is the future of business. And if we begin to transition into that online universe, we need to think of security. Many empires in this world have collapsed because of cyber-attacks which come in many forms. Just recently, a US university (Lincoln College) collapsed when a ransomware attack blocked the college from accessing data used in its student recruitment. With no students for a new year, the mission was punted – and a 157-year old university folded.

Tekedia Mini-MBA is a wholistic program. Today, one of the best in this sector will be in class to educate us. From protecting BMW’s autonomous vehicles to teaching in the academic world, our Faculty, Dr. Francis Nwebonyi, is a technical and an academic leader. Meet him in class; Zoom link in the board.

This is Tekedia Mini-MBA. This is the temple for the mastery of entrepreneurial capitalism. Join the next class beginning Sept 11 here

I like business education because “uwa bu ahia” [the world is a market], and if that is the case, we need knowledge to play in it. Tekedia Institute is a school for YOU. Join us.

My Call on JP Morgan vs Central Bank of Nigeria $3.7 billion Debate: DRAW

By

Ndubuisi Ekekwe

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August 24, 2023

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Now the explanation: “The Central Bank of Nigeria (CBN) has responded to the analysis by JPMorgan, which estimates the actual worth of Nigeria’s foreign reserves as at December 2022 to be $3.7bn – far lower than the $37bn that the apex bank had published. A statement made by Hassan Mahmud, director of monetary policy department, CBN, said the estimate was presented “out of context”’.

JPMorgan said the estimate was done with a few assumptions, which if incorrect would substantially change the picture.

It listed the assumptions as follows: (i) an addition of US$5.0bn in IMF Special Drawing Rights (SDR) to external reserves in order to arrive at total gross FX reserves of US$37.8bn, broadly in line with the 30-day moving average of US$37.08bn previously published on the central bank’s website; (ii) 11 adjusting the gross external reserves with three key FX liability lines that include FX forwards (US$6.84bn), securities lending (US$5.5bn) and currency swaps (US$21.3bn); and (iii) estimating currency swaps by backing out FX forwards and outstanding OTC Futures balances from an overall aggregate published in the financial accounts.

They are both correct. JP Morgan is coming from the angle of TRUST while the apex bank is relying on accounting principles: ‘“even if you have outstanding liabilities, you don’t mark the outstanding liabilities to market on a day and say this is your net balance. “I can have $20 million in my account and I am owing someone maybe $13 million that is supposed to be paid in 2027; you can’t come in 2023 and say if I remove that $13 million, your money is $7 million or you are having $7 million.

“Now, I am not having $7 million, I am having $20 million. Because before I took a facility of $13 million, I knew in the next three years, I would get $17 [read $13m] million so I could pay you back.”

The US bank is counting that you may not have that $13m to pay back. That is unfortunate, but not irrational, since you have been borrowing to pay previous debts, and the bank does think you may run out of capacity to borrow more. My Call: draw for the two debaters.

Comment on Feed

Comment 1: My call: the data provided by JP Morgan is a true and better representation of the actual worth. If the Apex bank wants to use the point that the liabilities will be paid in the future then we also need to see how income generated in the future will cover current and future liabilities.

My Response: Lol – I am laughing. Nigeria believes in wishes. The money will come; no need to ask.

Comment 2: Nigeria is just like a comedy show where people just make sarcastic statements on real issues.
Whether it’s the real asset or accounting principles, Nigeria is in trouble. Unfortunately, we’re not even making the right decisions to get back on track.

Comment 3: JP Morgan is absolutely correct ???. Being financially wreckless is nothing else but utter foolishness and amazing stupidity

CBN Responds to JPMorgan’s Estimate, Says It’s “Funny” And was Presented “Out of Context”

By

Samuel Nwite

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August 24, 2023

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JP Morgan chase — Hong Kong, October 08 2017: JPMorgan Chase & Co. building in Central, Hong Kong . JPMorgan is a Swiss global financial services company, One of big financial company in the world

The Central Bank of Nigeria (CBN) has responded to the analysis by JPMorgan, which estimates the actual worth of Nigeria’s foreign reserves as at December 2022 to be $3.7bn – far lower than the $37bn that the apex bank had published.

A statement made by Hassan Mahmud, director of monetary policy department, CBN, during his feature on Moneyline with Nancy, a programme on Africa Independent Television (AIT), on Wednesday – said the estimate was presented “out of context”.

JPMorgan said the estimate was done with a few assumptions, which if incorrect would substantially change the picture.

It listed the assumptions as follows: (i) an addition of US$5.0bn in IMF Special Drawing Rights (SDR) to external reserves in order to arrive at total gross FX reserves of US$37.8bn, broadly in line with the 30-day moving average of US$37.08bn previously published on the central bank’s website; (ii) 11 adjusting the gross external reserves with three key FX liability lines that include FX forwards (US$6.84bn), securities lending (US$5.5bn) and currency swaps (US$21.3bn); and (iii) estimating currency swaps by backing out FX forwards and outstanding OTC Futures balances from an overall aggregate published in the financial accounts.

Countering the assumptions, Mahmoud said that fluctuations, liabilities, and encumbrances to the reserves were only natural and normal.

“We also read the JP Morgan numbers in-house and we didn’t panic over that. That’s not the first time we are seeing people, institutions reeling out numbers; they must have their intentions to do that, whether to rouse market sentiments, whether to mislead the public,” Mahmud said.

“But, the central bank has tried as much as possible to be transparent. What I will say about those numbers is that it is just funny in the sense that number one, reserves like any account balance, is a flow; there are changes that go within it at any particular time.

“Two, even if you have outstanding liabilities, you don’t mark the outstanding liabilities to market on a day and say this is your net balance.

“I can have $20 million in my account and I am owing someone maybe $13 million that is supposed to be paid in 2027; you can’t come in 2023 and say if I remove that $13 million, your money is $7 million or you are having $7 million.

“Now, I am not having $7 million, I am having $20 million. Because before I took a facility of $13 million, I knew in the next three years, I would get $17 million so I could pay you back.

“But for you to come and tell me that no, your balance is $7 million and you can’t pay back in three years; it’s just putting it out of context.

“I don’t know how they did their calculations and I don’t have any information about that, but we also saw those numbers that came out.”

JPMorgan’s estimate prompted a regression of gains made by the naira last week, following the $3bn loan the Nigerian National Petroleum Company Limited (NNPCL) secured from Afreximbank.

Mahmud mentioned that approximately 80 percent of the reserve funds are owned by the CBN. This ownership primarily serves to stabilize the local currency during periods of instability and to enhance the trust of foreign investors.

“We have the numbers there. The central bank’s reserves are on our bank net. Yes, the figure you see today may not be exactly to the last decimal point but you have that picture that you are seeing there,” the CBN official said.

“We have $33bn, there is IMF facility there, the SDR is also there, we have the JP Morgan numbers that you mentioned, we have forwards, they are all there.”
Financial analysts had called on the government to quickly issue a statement to avoid a potential negative FX market reaction to JPMorgan’s report.

In response to the call, Mahmud said it is ridiculous for us (CBN) to come to the public domain, whether the CBN governor or deputy governor, to speak on issues by JP Morgan.

“I don’t even know who said it in JP Morgan,” he added.

“I don’t want us to get to that level where we will be ridiculing ourselves as a sovereign or country because of a private investor that has its own motives for giving those numbers. It could also be that those numbers were quoted out of context.”

How To Get The Most Out Of Your Nicotine Vaporizers This 2023?

By

TI Partners

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August 24, 2023

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Are you looking for ways to make the most out of your nicotine vaporizers this year? If so, then you’ve come to the right place! This guide will be packed with valuable tips and tricks that will help ensure you get the optimal experience from using your vaporizer devices and do so safely and responsibly. With the rising popularity of nicotine vaporizer, understanding how to use these gadgets correctly has never been more critical than it is now. Let’s discover what information can help us optimize our vaping journey this 2023!

Here Are Seven Ways To Get The Most Out Of Your Nicotine Vaporizers This 2023:

1. Choose a high-quality vaporizer –

When it comes to nicotine vaporizers, choosing a high-quality device is critical to ensuring an enjoyable and efficient vaping experience. In 2023, there are countless options on the market, but not all vaporizers are created equal. A high-quality vaporizer will have precise temperature control, a high-capacity battery, and a durable design.

These features will not only improve the performance of your vaporizer but will also ensure a longer lifespan for your device. Additionally, it’s essential to consider the type of e-liquid you use in your vaporizer, as the quality of the e-liquid can also impact the taste and overall vaping experience. Overall, selecting a high-quality vaporizer will maximize your vaping experience in 2023.

2. Experiment with different e-juice flavors –

If you’re looking for a simple and enjoyable way to quit smoking, using a nicotine vaporizer might be an excellent option. One of the best ways to get the most out of your device is by experimenting with different e-juice flavors. Whether you prefer fruity and sweet flavors or more savory and robust ones, various options are available to cater to your tastes.

The flavors you choose will significantly affect your overall experience, making it an important aspect to consider when shopping for e-juice. Trying different flavors can also help you discover new favorites and make the vaping experience more fun and exciting. So, go ahead and experiment – you may find your perfect flavor.

3. Use the right nicotine strength –

To fully enjoy the experience of using these vaporizers, it is essential to use the right nicotine strength. In 2023, we recommend taking the time to understand the different strengths available and selecting one that suits your needs. The power of nicotine can differ from person to person, so it is crucial to start with lower strength and gradually increase it if needed.

By selecting the right nicotine strength, you can enjoy a smooth, satisfying throat hit that will satisfy you without any harshness. Remember to switch up the flavors so your vaping experience remains exciting and delightful. With the right nicotine strength, there’s no limit to how enjoyable your vaping experience can be!

4. Clean your device regularly –

If you’re a regular user of nicotine vaporizers, it’s no secret that the device requires regular maintenance to function at its best. It may seem like an extra chore to add to your to-do list, but regularly cleaning your machine can help prolong its lifespan and provide a more enjoyable experience.

Several components require attention, such as the tank, coil, mouthpiece, and battery. Using a cleaning solution and a soft cloth, you can ensure that your device is free of any residue or build-up that may impact the quality of your vaping experience. Taking the time to care for your vaporizer can help you get the most out of it in the long run.

5. Manage your battery life –

Nicotine vaporizers have become increasingly popular in recent years, and with improved technology, they provide a satisfying and convenient alternative to traditional smoking. However, effectively getting the most out of your nicotine vaporizer requires managing your battery life. A fully charged battery can last hours but drain quickly with heavy use.

To ensure you get the most out of your device, only charge it when necessary and avoid overcharging. It’s also essential to store your vaporizer in a cool, dry place and keep it away from direct sunlight and moisture. These simple steps allow you to enjoy your nicotine vaporizer for longer and have a more reliable and enjoyable vaping experience.

6. Start slowly –

If you’re new to nicotine vaporizers, starting slowly to get the most out of your experience is essential. Take time to familiarize yourself with your device and understand how it works. Make sure you choose the right nicotine level for your needs, and start with small puffs to gauge your tolerance.

Experiment with different flavors to find the ones that you enjoy the most. Maintaining your device correctly is essential to prolong its lifespan and ensure a smooth vaping experience. By taking things slowly and being mindful of your choices, you can get the most out of your nicotine vaporizers this 2023.

7. Keep your device away from children –

Nicotine vaporizers are a popular way to enjoy the buzz of nicotine without the harm of smoking. However, keeping your device out of reach of children is essential. With the colorful designs and fruity flavors that many vaporizers come in, kids may be mistakenly drawn to them. Always store your device in a safe and secure location, such as a cabinet or locked box.

This will protect your device from accidental damage and ensure the safety of the children around you. This simple precaution allows you to fully enjoy the benefits of your nicotine vaporizer without any unnecessary worry, but you must also know the effects of vaping.

Conclusion:

Using nicotine vaporizers is becoming increasingly popular, and with some great tips and tricks, you can get the most out of yours this 2023. Skimping on coils isn’t worth it, so remember to invest in good-quality replacements whenever they are needed. Cleaning your device regularly will make a significant difference in the taste and longevity of your vapors, and daily maintenance is vital if you plan to use this product long-term. Furthermore, ensuring you understand how your device works is critical, as experimenting with different settings and modifications could yield much more desirable results. To sum it up, while there are undoubtedly many risks associated with using nicotine vaporizers, heeding these few pieces of advice should help you to enjoy the experience safely and responsibly.

7 Refreshing Drinks Infused With Delta 9 THC That Are A Must-Try

By

TI Partners

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August 24, 2023

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We feel safe saying that if you’re an avid cannabis user, you’ve had your fair share of drinks infused with delta 9 THC. But did you know that there are some incredibly cool and inventive recipes for drinks infused with it out there? If not, we are about to show you what it’s like – from classic beverages made better to completely new creations – 7 amazing recipes for drinks infused with Delta 9 THC are waiting for you! Whether a simple twist on a traditional cocktail or an outrageous new boozy creation, these easy-to-make refreshments will put the zing back into any occasion and offer something special for those who appreciate good herbs. So let’s get straight down to business and explore some creative ways to enjoy weed edibles in liquid form!

Refreshing Drinks Infused With Delta 9 Thc That Are A Must Try

1. Lemonade

Looking for a new way to relax and unwind? Look no further than Delta 9 THC-infused lemonade. This refreshing and delicious drink packs a punch with its infusion of the popular cannabis compound, known for its mood-enhancing effects.

With its crisp lemon flavor and a subtle hint of cannabis, it’s the perfect drink for a lazy afternoon or an evening out with friends. And because it’s made from all-natural ingredients, you can enjoy it guilt-free. So why not try it and experience the refreshing taste and relaxing effects for yourself?

2. Iced Tea

Looking for a refreshing drink experience infused with Delta 9 THC? Look no further than iced tea! This classic beverage has been reimagined with the infusion of cannabis, offering a unique and exciting twist on a beloved classic. Lots of consumers like to browse these sinful beverages and find a flavor that matches their personal taste preferences. Each option delivers a refreshing way to enjoy the benefits of Delta 9 THC while still feeling familiar and approachable.

The combination of sweet, refreshing tea and the invigorating effects of Delta 9 THC make for an unbeatable combination. Whether you’re lounging poolside with friends or simply need a pick-me-up on a hot summer day, iced tea infused with cannabis is a must-try. Sip slowly and let the flavors transport you to a relaxing and refreshing world.

3. Coconut Water

The world of cannabis-infused drinks is expanding rapidly, but if you are looking for something healthy and refreshing, coconut water infused with Delta 9 THC is worth trying. This drink tastes delicious and contains the goodness of coconut water, which is naturally rich in electrolytes and minerals like potassium, magnesium, and calcium.

The presence of Delta 9 THC ensures that you will experience a subtle yet satisfying buzz that can help you relax and unwind. You can sip this drink after a long day at work, during a workout, or just when lounging on the beach. With its unique flavor and benefits, coconut water infused with Delta 9 THC is a drink you should add to your must-try list.

4. Sparkling Water

If you’re looking for a new way to unwind or want to try something different, sparkling water infused with Delta 9 THC could be just the thing for you. This refreshing drink offers a unique experience that combines the familiar taste of sparkling water with the calming effects of Delta 9 THC.

Whether lounging by the pool or enjoying a quiet night in, this drink is a must-try for those who appreciate novel and innovative flavors. Its subtle aroma and delicate taste make it the perfect choice for anyone looking for a refreshing way to relax. Try it and see why this beverage quickly becomes a fan favorite.

5. Fruit Smoothie

Looking for a drink that is both refreshing and provides a unique experience? Look no further than the fruit smoothie infused with Delta 9 THC. The smoothie is an exciting and flavorful way to experience the effects of Delta 9 THC and can offer a unique experience for those interested in trying something out of the ordinary.

This smoothie can cater to any taste preference, with various fruit options available. The infusion of Delta 9 THC adds a layer of intrigue to the drink and can offer a unique and memorable experience for those who try it. The fruit smoothie infused with Delta 9 THC is a must-try for anyone looking for a refreshing and exciting drink option.

6. Herbal Tea

Herbal tea infused with Delta 9 THC is one of the most invigorating and refreshing beverages that will tantalize your taste buds. The tea’s herbaceous aroma and natural flavors complement the subtle infusion of THC to create a unique and full-bodied experience.

The soft green tea leaves are meticulously selected and processed to obtain the perfect balance of flavors, then blended to perfection with THC for the ultimate beverage experience. This refreshing drink is perfect for those who enjoy the calming benefits of THC without the psychoactive effects.

Its soothing and relaxing properties will help clear your head and leave you feeling rejuvenated and refreshed. To indulge in a truly unique and refreshing beverage, herbal tea infused with Delta 9 THC is a must-try.

7. Fruit Juice Cocktail

For those open to new experiences and craving a tantalizing taste, the Fruit Juice Cocktail infused with Delta 9 THC is a drink that will surely excite the senses. This beverage delivers a fresh, juicy flavor that ques thirst on a hot summer day.

The Delta 9 THC infusion brings a subtle yet noticeable twist to the mix, adding surprise to every sip. Its unique taste is not easily replicated, making it a must-try for those who love to explore their palates. So, step outside your comfort zone and indulge in this refreshingly unconventional drink. You might just find a new favorite.

Why Should You Try Consuming Delta 9 THC-Infused Drinks?

Delta 9 THC-infused drinks are the latest trend in the cannabis industry, and it’s not difficult to see why. These beverages contain a mild dose of tetrahydrocannabinol, which gives you a relaxing effect without the negative side effects of smoking.

They come in various forms, such as teas, coffees, sodas, and cocktails. They’re also convenient, as you can easily consume them on the go or at home without worrying about the lingering smell of smoking.

If you’re looking for a new way to experience cannabis, Delta 9 THC-infused drinks are worth trying. Their discreet and mild effects make them perfect for those who want to enjoy cannabis without attracting unwanted attention.

“Uwa bu ahia” [the world is a market], Come to Tekedia Mini-MBA To Learn About Markets

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