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Author: oegbule

  • Telcos To Increase Tariffs By 100%

    Telcos To Increase Tariffs By 100%

    Two days ago, the Nigeria Minister of Communications gave the go-ahead for Telcom companies to increase their tariff by almost 100%.

    What does 100% tariff increase mean for you?

    1. Increase in call tariff: That means, if you were paying N10 per minute before, it’ll double to 20 naira per minute.
    2. Increase in SMS cost: If SMS before was N4 naira, it’ll become N8 naira per message.
    3. Increase in data plans: If you were paying N18k for 1 month for data, prepare to pay N36k per month.

    Why is this happening? Why the increase?

    Well, simple answer is the economy.

    A more detailed one however is not so simple.

    The last time Telcos increased tariff prices was in 2013. That’s 12 years ago.

    For context, in 2013:

    • Goodluck Jonathan was still President
    • Petrol price was N97
    • Dollar was N160
    • Bag of rice was N12,000
    • Lagos to Abuja flight was N25,000
    • Man Utd was still a serious club 😣

    From that time till now, Telcos’ tariff has remained the same and every attempt to get an increment has been rejected by the Government and regulators.

    In 2018, 2022 and 2024, they tried to get an increase of 40% but it was rejected.

    Last year, the Ministry of Communications now came out to announce new Telcom Quality Regulations (QoS Regulations 2024) and setting a 50% service target with a fine of N5 million naira for those who fail.

    In simple terms, the Ministry mandated them to achieve a 50% improvement in their service in the next one year.

    Which means, they had to improve call quality, data speed, network availability by 50% and reduce dropped calls by 50%.

    Dropped calls mean number of “hello, hello, I can’t hear you” instances that lead to call drops.

    They are also to submit reports on the KPI at the end of the year.

    Those who don’t meet the 50% service target will be fined N5 million and an additional N500,000 for each day the issue continues.

    So the Telcos said look, if you’re going to set this kind of target, you have to allow us to increase our tariffs to be able to achieve this.

    Because, to ensure connectivity everywhere costs money. But we’re still charging the same tariff since 2013.

    So, the government has now decided to allow them increase the tariff price so that they can meet the service target of 50%.

    What does it mean for you as a consumer?

    Get ready to pay. The increment means you’ll pay more for calls and data.

    But it also means that you’ll have better internet speed. Less dropped calls. And wider connectivity.

    It also means you should get ready to hold them accountable.

    If you’re paying x2 what you were paying before and network is still unstable, you can report the Telco.

    That way, you’re getting value for what you paid for, and the increase in price is justified.

    Hope you find this helpful. 👍

    Good morning.

  • Advice To First Time Travellers

    Advice To First Time Travellers

    Don’t waste that your 46kg luggage space and be packing cloths, use am pack food instead.
    That mistake some of you that arrived from August to December did, those of you just resuming this January and already booked your flight make sure not to repeat same.

    Yesterday I made an analysis why you need to carry enuf money when coming to resume class for those that already got their vizas since late last year but choosed to put their flight in January, As a first timer traveling to a new country, YES you need enuf money you will use to sustain yourself for some months until you get a job.


    Remember you are coming as a student and you have rent to pay monthly, daily feeding, bus card, in place like Portugal you need like 150 euro to get your NIF number, then you get some small expenses to do inside school to complete your registration, all this you are still doing without a job yet because your resident permit appointment with SEF is in 4 to 5 months time, which means that 4 to 5 months you won’t be working till you get that your permit.

    Now you don’t have much money, some of you only have 3m in naira left after booking your flight, that money is just around 1900 euros which I doubt will even sustain you for 2 months, Then you will go and be carrying cloths fill your 46kg space you have to put your loads in plane and be carrying small food stuffs. Which kind brain be that one?

    Don’t go and be packing cloths, all those new cloths you want to go and buy because you dey travel, they are far cheaper for you to buy here because nah even from here dey do export it to that your country, so I don’t see why you dey pack cloths or go buy new cloths, when that cloths you want to buy will be far cheaper here.
    Use that your 46kg luggage space and pack food instead since you know you don’t have enuf cash, so that atleast that your small 1900 or 2500  euros remaining with you will be manageable till you get job since food problem have been settled.

    Beside where you won even see the chance wear cloths sef, las las all the new clothes go only dey end up for wardrobe, Europe everyone is rushing to work very early and coming back evening, Shey nah work place where you need to be just simple or you wear work jacket you won dey go dress like yahoo boy or like Tiwa savage go?
    Many students this days sef nah remote work especially those in places like Portugal, Shey nah inside house wey you dey work from with laptop you won dey wear the cloths?

    You go even later regret why you pack that many clothes when you no get time to wear am except weekends when you are not working and you get money to go do small Dorime somewhere.

    If your only problem for this life nah cloth then buy it here since it’s cheaper here,, but if your problem nah to make money and get a good degree  then concentrate and  focus on better things and rather buy foods come because you go need that food that will last you for months before you balance.

    Beside if you no sabi chop all this oyibo food abeg carry your Naija food dey come, before this their Chicken wey dey soft like Akamu purge you.

  • Common Terms Used In Crypto

    Common Terms Used In Crypto

    Know the common terms used in Crypto

    HODL

    The act of holding on to a coin for the long term instead of selling it. Made famous by this epic post.

    ALTCOIN

    Every cryptocurrency other than bitcoin.

    SHITCOIN

    A worthless and dead coin with no real value.

    FOMO

    Fear of missing out. This happens when a coin is rising in value and you’re considering buying at a high price even though you might be too late.

    JOMO

    Joy of missing out. This happens when you dodged a bullet and are happy you didn’t buy a coin.

    MOON

    Where everyone wants their coin to go, up and into outer space.

    BAG HOLDER

    Someone who is holding a lot of coins in the hopes that it will go up in the future.

    DUMPING

    Downward price movement or a decision to sell a coin.

    DYOR

    Do your own research.

    FUD

    Fear, uncertainty and doubt.

    WHALE

    A super wealthy trader with a lot of money to spend.

    MINING

    The process of verifying transactions on the blockchain, resulting in rewards (aka coins) for those who lend their computing power.

    LONG

    A decision to buy/hold onto a coin for the long term.

    REKT

    When a coin goes down sharply andyou have a bad loss

    LAMBO

    The car that many people want to buy when they strike it rich.

    SWING

    When the price of a coin is moving up and down at a rapid rate.

    PUMPING

    A coordinated effort to boost a coin by buying a lot of it all at once.

    BEARISH

    When the sentiment on a coin is negative.

    BULLISH

    When the sentiment on a coin is positive.

    EXCHANGE

    Websites that allow you to purchase and sell cryptocurrencies.

    FIAT

    Any currency that is issued by a government.

    TA

    Technical analysis.

    FA

    Fundamental analysis.

    ATH

    All-time high.

    MCAP

    Market capitalization.

    ASHDRAKED

    A situation where you lost all your money.

    BTFD

    Buy The Fucking Dip (an indication to buy a coin when it has dumped so hard)

    DILDO

    Long green or red candles.

    DUMP

    To Sell off a coin.

    SAJ CANDLE

    Huge green candle.

    SHORT

    Margin bear position.

    SWING

    Zigzag price movement (Upwards and downwards).

    REVERSE INDICATOR

    Someone who is always wrong predicting price movements.

    RSI

    Relative Strength Index.

  • Financial Advice To Crypto Investors This Bull Run

    Financial Advice To Crypto Investors This Bull Run

    Crypto bros. Congrats on your brand-new cars and welcome to the bull market. This might be the first bull run for most of you and it pleases me to see a lot of you all leaving the trenches. I bought my first BTC in 2016 at $900 (I believe) way before most of you knew anything about blockchain technology. Made close to $650k at the height of the bull market in 2021 and round-tripped the entire thing until I had very little to show for it. I do not want you to make some of the mistakes that I made so please take the time to read this post.

    First, do not think that you’re now invincible cos you made life changing money from solana memes. The market can stay irrational longer than you can stay solvent. They say “market giveth and market taketh”. The point of making life changing money is to ensure that your life is actually changed forever and that you never go back to the trenches. You need to be smart and be nimble about your strategy.

    Sure by all means, treat yourself with your brand new cars, you’ve earned it. Whats the point of making money if you don’t change the quality of your life anyways but always remember that you need to have a plan. Take a chunk of that money out of crypto else you’d regret it.

    Life-changing money means different things to different people. For some, it’s $1m and for others it’s even $10m or as low as $20k. I like to define life changing money as money that you’ve never seen in your entire life. The moment you see money that you’ve never seen in your entire life stacked in your wallet, you need to switch to defense mode.

    Remember the golden rule; you build wealth by taking high risks and sustain it by switching to defense mode by taking low risks. So here’s what I would do if I were you:

    1. Convert 30% of your portfolio into USDT and USDC. Split both equally and gradually increase your stables allocation by say 5% every month. When it gets to the 50% mark, reduce the allocation to 2.5% every month up until a max of 60% stables.

    2. Hold some of that money in actual fiat. Open bank accounts with crypto-friendly banks like Xapo and Mural to have a stash. I don’t recommend keeping your money in any Nigerian DOM account.

    3. Invest in real estate. Remember the entire idea is sustaining your wealth and not being aggressive.

    4. Allocate another sum into stocks and ETFs. Frankly, just leave picking of stocks for the experts and put your money into ETFs. I have my money in QQQ, MSCI world and emerging markets MSCI. A good ETF delivers between 8-12% per annum net of mgt fees.

    5. Startups: Thanks to platforms like https://hoaq.co, you can invest in vetted startups across Africa with as little as $1k I think. To be honest, startup investing is like the lottery. Many of the startups you’ll make investments in will inevitably die but it’s a numbers game and working with the experienced professionals at platforms like Hoaq improves your chances of making pretty decent returns from startup investing.

    5. Self development: You see, I have been an investment professional for over a decade with experience that cuts across Corporate finance, Investment banking and Private Equity and across the entire spectrum, crypto is one where you don’t really need technical skills to make money except you’re a futures trader. Trust me, I know how to track wallets and use Bullx to find the next 100x plays but i stopped cos it’s no longer worth my while. Making money from solana memes is mostly about luck and getting the right info. You don’t really learn any real life skill of practical use in the real life. Take some days off to improve yourself. Take up soft and hard skills courses on coursera and Udemy so that the world doesn’t leave you behind while you’re neck deep in solana trenches. A word is enough for the wise.

    Had to do this thread cos I have gotten a lot of messages from really young guys who have made life changing money this year and not sure what to do with it. Hope you learnt a thing or two. Selah

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