Leksyde🌚
@sobur_bello
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Accounting || Insightful Academe || @LFC || YNWA🎈|| IFRS Townhall on Spotify @ https://t.co/od2kx6TZPz
Joined September 2015
On Tuesday, @IFRSFoundation through the IASB issued a new standard, IFRS 18 to repeal IAS 1. I have summarized the requirements of the standard in very simple language in this article, please enjoy 😊 https://t.co/zgU1JgDVgw
linkedin.com
Earlier this week, the IASB issued another standard, which repeals our very dear IAS 1- Presentation of Financial statements. I find IAS 1 so profound as it practically explains how quality financial...
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I just published an article assessing Fixed Income Instruments with ESG linked features for SPPI test. The IASB @IFRSFoundation amended IFRS 9 to clarify SPPI test for ESG linked instruments, effective Jan 1, 2026; So, it’s JustInTime😁. Please read 🤗 https://t.co/mrt3l9ErE5
linkedin.com
Do ESG-linked Bonds meet SPPI test? One of the marquee changes to IFRS 9, financial reporting enthusiasts, practitioners and researchers should pay attention to is the amendment to the standard to...
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I just published an article assessing Fixed Income Instruments with ESG linked features for SPPI test. The IASB @IFRSFoundation amended IFRS 9 to clarify SPPI test for ESG linked instruments, effective Jan 1, 2026; So, it’s JustInTime😁. Please read 🤗 https://t.co/mrt3l9ErE5
linkedin.com
Do ESG-linked Bonds meet SPPI test? One of the marquee changes to IFRS 9, financial reporting enthusiasts, practitioners and researchers should pay attention to is the amendment to the standard to...
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Kelvin said dangote was taking a 60b hit from his margin to drop prices for Nigerians. I just dey laugh. The refinery EBITDA (Earning Before Interest, Taxes, Depreciation and Amortization) fit dey 80% like this 😭😭😭. All i am waiting for is for them to list that refinery
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Don't let anyone manipulate you. Your bank account is safe. Misinformation makes you panic and fear a reform that is designed to help you. When they tell you that your account will be frozen or automatically debited from January 2026, ask them for the evidence in the new law.
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Don't let anyone manipulate you. Your bank account is safe. Misinformation makes you panic and fear a reform that is designed to help you. When they tell you that your account will be frozen or automatically debited from January 2026, ask them for the evidence in the new law.
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Interesting stuff here. Access's business is heavy on corporate banking (here: https://t.co/daLvqvGjTE), and you'd see this in its loan composition (a bulk of it going to corporate clients). Retail deposits are strong, and the costs are low. Yet Access is not doing more in
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What’s the overall conclusion here, Kelvin?
In all the rant you’ll see about 59.2% ebitda margin, you’ll not see any of them lay out the cost of gas per mmbtu under willing producers price path of between $6-9, you’ll not see them talk about cost of lpfo, cost of importing clinker, and the cost of finance especially FX
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Import bans let the government take the easy way out. Don't let them off the hook. Demand they do the hard work: build enabling infrastructure, create predictable policies, maintain macroeconomic stability, and enact laws that protect rights. Hold them to higher standards.
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Sigh!
Reporter like asked: why is Dangote Cement made in Nigeria but sold outside Nigeria cheaper than your cement sold in Nigeria? Dangote: “When you look at my invoice, the cement I export is cheaper than the one I’m selling domestically, because that’s how exports work...In export
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I’m hissing heavily- these politicians are so unserious. This one will also expect poor Nigerians to now start taking his sides after the shenanigans at the last election. It’s well!
“Within one year, I made $1 million in my pocket, I was 29 in 1997. Wike, perhaps at that time, had just left law school, and his next job was as a local government chairman.” - Governor Seyi Makinde added that the major issue he had with Wike was that he was meeting with
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If the focus is on direct and indirect costs that underpin Dangote’s operations, EBITDA margin is a very good metric, all these long grammar isn’t saying anything at all.
But the argument all along has not been about Earnings but prices No one in Nigeria is complaining about EBITA, but that Dangote Cement is sold at a higher price than cement sold abroad. The new EBITA angle is calculated to say Dangote earns more in Nigeria than outside
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May God keep strengthening those dispelling these misinformation. Bros, I understand it can actually be confusing, but it’s the harmonized version that you should be working with.
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Africa Property Hub (APH) is here. Your property purchase and property management are secure and safe with @SirJarus.
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IFRS Firedrill - IAS 8 In the current financial year, how do you account for a prior period error that is not material?
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Lmao!
Play play this Tax talk go be real. And we no go do nothing! Hmm
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