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# ![@Rufyb Avatar](https://lunarcrush.com/gi/w:26/cr:twitter::737979949.png) @Rufyb Rufybaba

Rufybaba posts on X about bank, investment, debt, business the most. They currently have XXXXXX followers and XX posts still getting attention that total XXXXXX engagements in the last XX hours.

### Engagements: XXXXXX [#](/creator/twitter::737979949/interactions)
![Engagements Line Chart](https://lunarcrush.com/gi/w:600/cr:twitter::737979949/c:line/m:interactions.svg)

- X Week XXXXXXX -XX%
- X Month XXXXXXXXX +63%
- X Months XXXXXXXXX +345%
- X Year XXXXXXXXXX +95%

### Mentions: XX [#](/creator/twitter::737979949/posts_active)
![Mentions Line Chart](https://lunarcrush.com/gi/w:600/cr:twitter::737979949/c:line/m:posts_active.svg)

- X Week XX -XX%
- X Month XXX -XX%
- X Months XXXXX +154%
- X Year XXXXX +133%

### Followers: XXXXXX [#](/creator/twitter::737979949/followers)
![Followers Line Chart](https://lunarcrush.com/gi/w:600/cr:twitter::737979949/c:line/m:followers.svg)

- X Week XXXXXX +0.40%
- X Month XXXXXX +2%
- X Months XXXXXX +90%
- X Year XXXXXX +154%

### CreatorRank: XXXXXXX [#](/creator/twitter::737979949/influencer_rank)
![CreatorRank Line Chart](https://lunarcrush.com/gi/w:600/cr:twitter::737979949/c:line/m:influencer_rank.svg)

### Social Influence

**Social category influence**
[finance](/list/finance)  XXXXX% [currencies](/list/currencies)  XXXX% [stocks](/list/stocks)  XXXX% [technology brands](/list/technology-brands)  XXXX% [travel destinations](/list/travel-destinations)  XXXX% [exchanges](/list/exchanges)  XXXX% [countries](/list/countries)  XXXX% [musicians](/list/musicians)  XXXX%

**Social topic influence**
[bank](/topic/bank) #2398, [investment](/topic/investment) #1639, [debt](/topic/debt) #1432, [business](/topic/business) #5069, [money](/topic/money) 5.45%, [lowkey](/topic/lowkey) 3.64%, [inflation](/topic/inflation) 3.64%, [future](/topic/future) 3.64%, [private equity](/topic/private-equity) #58, [has been](/topic/has-been) XXXX%

**Top accounts mentioned or mentioned by**
[@omoamilor](/creator/undefined) [@_spaceboy999](/creator/undefined) [@alikodangote](/creator/undefined) [@loynox](/creator/undefined) [@philoffinance](/creator/undefined) [@wealthy_kaykay](/creator/undefined) [@obesidone](/creator/undefined) [@abdullahisaraf](/creator/undefined) [@_ridwansalami](/creator/undefined) [@folucomms](/creator/undefined) [@yaasirboi](/creator/undefined) [@ngxinvestor](/creator/undefined) [@iam_noahjoseph](/creator/undefined) [@sholajapheth](/creator/undefined) [@toluwaniojeleye](/creator/undefined) [@scfidelis](/creator/undefined) [@dobmarch8](/creator/undefined) [@tom_ade777](/creator/undefined) [@bivins1](/creator/undefined) [@megacharles_](/creator/undefined)

**Top assets mentioned**
[Unilever plc (UL)](/topic/$ul)
### Top Social Posts
Top posts by engagements in the last XX hours

"The news has been lowkey for a while but its now official. The majority shareholder of Beta Glass PLC Frigoglass is selling its entire stake in the business to one of Africa's largest private equity funds Helios Investment Partners (one of their funds)"  
[X Link](https://x.com/Rufyb/status/1998455673835688308)  2025-12-09T18:12Z 23.3K followers, 7677 engagements


"Helios Investment Partners is reported to hold over $3.6bn in assets under management. It was founded by Tope Lawani and Babatunde Soyoye in 2004. Their focus is majorly in Africa and they tend to hold controlling or significant minority positions in companies across telecoms financial services energy and infrastructure FMCG logistics and agro-allied. They have raised multiple funds"  
[X Link](https://x.com/Rufyb/status/1998455683981914468)  2025-12-09T18:12Z 23.3K followers, XXX engagements


"This cartoon was created in 1952 and it describes stock investing so well. Quick add: the description of investment banking here is when it takes on the role of an "underwriter". The value-add to clients is immediate liquidity and the "sweetness" is if the bank successfully sell the shares to investors at a higher price. In reality most investment banks just act as brokers. That is they just connect the company with investors. This is because underwriting deals means that the bank must have robust capital and liquidity plus they are taking on the potential risk that the shares sale might"  
[X Link](https://x.com/Rufyb/status/1996708731086881130)  2025-12-04T22:30Z 23.3K followers, 7396 engagements


"Speaking of "oil blocs" a quick throwback on how we nearly didn't have the oil company called Seplat today. Between 2012 to 2024 Seplat had paid a cumulative $400mm in taxes. In the past three years alone they paid $195mm (or 250bn). Story here:"  
[X Link](https://x.com/Rufyb/status/1998127543065747467)  2025-12-08T20:28Z 23.3K followers, 38.7K engagements


"Some of their successful deals include: ☞ Vivo Energy: Shell wanted to exit downstream retail in Africa. Helios (with Vitol) bought the licensee rights creating Vivo Energy. They expanded the network improved margins and successfully listed it on the London Stock Exchange. ☞ Helios Towers: They anticipated the tower sale-and-leaseback trend early and built/acquired thousands of telecom towers across Africa. ☞ Fawry: Helios invested in Egypts largest e-payments platform and achieved a unicorn exit. ☞ Axxela: The parent company Oando PLC was facing significant debt and governance crises. Helios"  
[X Link](https://x.com/Rufyb/status/1998455688125698387)  2025-12-09T18:12Z 23.3K followers, XXX engagements


"Except for maybe Evercare Reddington and a very few others it is very difficult to point at private hospitals who have more than 100-bed capacity. What we see is a plethora of small privately owned hospitals. How then do you convince investors to put money in this sector Also without scale how can doctors and other medical professionals ever get paid well To be clear healthcare is essential (because the demand is inelastic) however the business in Nigeria suffers from a "missing middle". There are two extreme ends"  
[X Link](https://x.com/Rufyb/status/1994318762502152552)  2025-11-28T08:13Z 23.3K followers, 58.9K engagements


"Some of the deals they failed/struggled ☞ Atlas Mara: This was a banking platform co-founded by Bob Diamond intended to consolidate African banks. In Nigeria they acquired a significant stake in Union Bank. However the thesis collapsed. Currency devaluation bad loans and execution issues decimated share price. ☞ Telkom Kenya: Helios bought a majority stake in Telkom Kenya (carved out from Orange). But they struggled to compete against the dominant player Safaricom (M-Pesa). ☞ Eland Oil & Gas: Helios invested in the upstream company. Although Seplat later acquired Eland (providing an exit) the"  
[X Link](https://x.com/Rufyb/status/1998455691539804472)  2025-12-09T18:12Z 23.3K followers, XXX engagements


"Across the three levels the CFA Institute places significant emphasis on Ethics as evidenced by the grades allotted to the subject"  
[X Link](https://x.com/Rufyb/status/1692241275418821073)  2023-08-17T18:25Z 23.3K followers, 2388 engagements


"One of the examples of how PE investments can be complex. This example of a management buyout is structured such that a PE fund and the target firms management team invest equity in a newly created Topco acquisition vehicle. Topco with cash then lends the money to Midco. Midco with the loan money from Topco tops up its debt by borrowing another loan (which can be shareholder debt from the PE fund or junior debt from an external financier). After raising these two debts (i.e. from the Topco and additional debt from other sources) Midco lends the money to Bidco. Bidco takes the debt from Midco"  
[X Link](https://x.com/Rufyb/status/1970517451042332937)  2025-09-23T15:55Z 23.3K followers, 4641 engagements


"@Omoamilor @AlikoDangote The structural issues leading to depreciation are the differential between the inflation rate of the Naira and the inflation rate of the USD. Sadly I don't see any concrete signs that it has been taken care of"  
[X Link](https://x.com/Rufyb/status/1973739256146526368)  2025-10-02T13:18Z 23.3K followers, 1187 engagements


"There is rarely any role in a bank that is better than any Big Four in the long run in terms of career progression. Except for specific technical roles (e.g. someone has passion for treasury credit analysis or corporate banking). Banks salivate folks from Big Four to fill Managers and Senior Managers roles. An individual that started in a Big Four can get those roles in a bank in less than ten years. If you started in a bank it will take 'forever'"  
[X Link](https://x.com/Rufyb/status/1974756318301811169)  2025-10-05T08:39Z 23.3K followers, XXX engagements


"This is a trend of Nigerias fiscal deficit over the last ten years. An average of XX% of the debt taken was used to fund salaries and other unproductive expenses. Therefore I am really worried about any update or news I see about the government raising debt. The numbers show that the ones raised in the past were not judiciously used and those debts were the fundamental reasons why the economy was almost grounded. By borrowing to fund salaries and co. you have effectively raised aggregate demand without a corresponding or proportionate rise in aggregate supply (because the investments needed"  
[X Link](https://x.com/Rufyb/status/1986068632816791763)  2025-11-05T13:50Z 23.3K followers, 1425 engagements


"Helping Presco to raise 270bn ($180mm) Helping Ellah Lakes to raise 230bn ($150mm) Hmmm. Rand Merchant Bank is this a resurgence🌚🌝 Fam's been lowkey for a while"  
[X Link](https://x.com/Rufyb/status/1988182177612509596)  2025-11-11T09:49Z 23.3K followers, 7949 engagements


"I get the common (unfair) jabs on 'consultants' but a very quick one. Laxman left McKinsey in 2012 and was PepsiCo's Chief Commercial Officer for seven (7) years. He was later appointed as Reckitt Benckiser's CEO in 2019 where he implemented a turnaround. He was there for three years before Starbucks came calling. Therefore he was already 'in the game' and he was relatively good before Starbucks knocked on his door (not that he was drawn directly from McKinsey) Folks can argue that Laxman flopped but the situation is more nuanced. Starbucks was already experiencing issues. He came on board in"  
[X Link](https://x.com/Rufyb/status/1990113229557616776)  2025-11-16T17:42Z 23.3K followers, 12.5K engagements


"Fidelity Bank PLC finally released its Q2 numbers after many weeks. The performance was rather unimpressive. Net interest income increased by just X% despite a XX% y/y interest income. What happened there was a steep increase in finance costs. Operating income declined by XX% in Q2 2025 largely due to a decline in non-interest income as FX and fair value gains disappeared. Meanwhile operating costs rose by 46%. By extension profit before tax was down by XX% y/y while profit after tax was down by XX% y/y. But that was not even what caught my interest"  
[X Link](https://x.com/Rufyb/status/1990899439569957368)  2025-11-18T21:46Z 23.3K followers, 7148 engagements


"The bank reported negative retained earnings. Retained earnings are made up of all the profits a coy has ever earned which it has chosen to keep and reinvest back into the business. Companies also pay dividends from retained earnings"  
[X Link](https://x.com/Rufyb/status/1990899442556211300)  2025-11-18T21:46Z 23.3K followers, 1025 engagements


"As a result loan impairment charges (i.e. provisions for bad loans) differ under the two systems. The CBN require banks to compare the impairment provisions under both methods and adjust equity accordingly: If prudential provisions are greater than IFRS provisions the bank must adjust the difference by deducting the gap from retained earnings to a non-distributable regulatory risk reserve. If prudential provisions are less than IFRS provisions the excess held in reserve can be moved back to retained earnings"  
[X Link](https://x.com/Rufyb/status/1990899451670495340)  2025-11-18T21:46Z 23.3K followers, XXX engagements


"In Fidelity Banks case prudential provisions were higher so a large transfer was made from retained earnings to the Regulatory Risk Reserve (RRR). The bank will not be able to pay dividends for a while and would resume if it rebuilds retained earnings through future profits and/or manages to claw back some of the amount sent to the RRR"  
[X Link](https://x.com/Rufyb/status/1990899454468399229)  2025-11-18T21:46Z 23.3K followers, 1163 engagements


"Saw it in the news that Burna Boy has been cancelling shows because ticket demand plummeted after recent altercations between him and his fans during his shows. Previously Burna was accused of his perpetual habit of disrespecting his fans. Yet he continued to enjoy a lot of support and loyalty from his fans. The recent trend of weak ticket demand for Burna shows is a reminder that you do not take your fans/customers' loyalty for granted - especially the sticky ones. Of course I expect his momentum to resume in no time. The current poor momentum also has to do with a lot of supply at this time"  
[X Link](https://x.com/Rufyb/status/1994044582057615857)  2025-11-27T14:04Z 23.3K followers, 19.5K engagements


"It's deliberate. A very deliberate strategy. Their proposition is to deliver "premium banking services" or at least give customers a "premium banking experience". It's a slippery slope though "in terms of the $$$" but they have been impressive so far"  
[X Link](https://x.com/Rufyb/status/1994049766083190949)  2025-11-27T14:24Z 23.3K followers, 67.6K engagements


"These agreements between HMOs and hospitals are often a fixed-contract (say 12months) but hospital costs (diesel drugs etc.) change daily. To survive hospitals may begin to profile patients and prescribe the cheapest possible generic drugs or claim that service isn't covered to force out-of-pocket payment"  
[X Link](https://x.com/Rufyb/status/1994318771234673029)  2025-11-28T08:13Z 23.3K followers, 3681 engagements


"Credit risk is another issue. On top of underpriced arrangements HMOs sometimes take extended days to pay (for big treatments like surgeries admissions etc.). It may take XX to XX days. In an economy with 20%+ inflation you are taking a haircut on that money. On top of that some HMOs might even 'vet' the bill and reject XX% of the line items (e.g. why did you use X gloves instead of X Denied)"  
[X Link](https://x.com/Rufyb/status/1994318773403144481)  2025-11-28T08:13Z 23.3K followers, 2980 engagements


"Large hospitals suffer more because they need the volumes to cover their massive fixed costs. Therefore they just have to rely on HMOs even if the margins are toxic. The HMO knows this and dictates terms"  
[X Link](https://x.com/Rufyb/status/1994318777522008487)  2025-11-28T08:13Z 23.3K followers, 2272 engagements


"Back to gist From an investment lens the return on invested capital is low relative to the cost of capital. Other considerations include: Currency risk: Medical equipment is priced in USD. If you have FCY debt and a devaluation meets you inside that debt your X years profit can wipe out overnight. High interest rates: Hospitals require patient capital. Like most businesses borrowing at commercial rates of 25%-30% is suicidal"  
[X Link](https://x.com/Rufyb/status/1994318779635966080)  2025-11-28T08:13Z 23.3K followers, 2324 engagements


"Hmmm I see. This might be the attraction to move from UL to Cadbury"  
[X Link](https://x.com/Rufyb/status/1994778467456750023)  2025-11-29T14:40Z 23.3K followers, 11.3K engagements


"As part of the efforts to optimise its capital structure UACN is in the market to raise funds to partially replace its FCY debt. Given how FX volatility has dealt with businesses in recent years it makes sense to match Naira earnings with Naira obligations. The Group is planning to raise 150bn but will only 'draw' 75bn for now. Only institutionals and HNIs are eligible. The bond's tenor is X years but it is callable. This means that UACN has the option to redeem (i.e. fully repay) the debt before maturity. Ideally borrowers often include this clause when they expect interest rates to decline"  
[X Link](https://x.com/Rufyb/status/1996617701607850287)  2025-12-04T16:28Z 23.3K followers, 5888 engagements


"Get a job in the financial services sector (maybe an asset management firm or an investment bank) as a chartered accountant (an ACA). It could be a tier-2 or tier-3 name but make sure they have a policy of reimbursing exam fees. Using ACA you only need to write one level of the CIS exam (ACS). Take a staff loan write it smash it get refunded by your employer repay the loan. Get a loan again to write CFA Level X (whether full payment or scholarship). Pass. Get refunded by your employer. Rinse and repeat till you smash the three levels. In about three to four years (an election cycle) you will"  
[X Link](https://x.com/Rufyb/status/1994108628387680497)  2025-11-27T18:18Z 23.3K followers, 100.1K engagements


"Netflix already caught up with Warners Bros. Warner Bros: Revenue: $40bn Profit after tax: loss-making Operating cash flow: $5bn Total assets: $100bn Market value: $64bn Netflix Revenue: $40bn Profit after tax: $10bn Operating cash flow: $8bn Total assets: $59bn Market value: $426bn But yeah I get the "historical legacy" part"  
[X Link](https://x.com/Rufyb/status/1997077842283086085)  2025-12-05T22:57Z 23.3K followers, 94.2K engagements


"Oh wow wow Just seeing this and it shocks me You can not talk about the development of the Nigerian financial market (particularly the fixed-income market) and not acknowledge the contributions of individual like Sam Ocheho. X years in FCMB another XX years in Stanbic IBTC - where I thought man would probably end his career there. However UBA is big big big (far bigger than Stanbic although may not be doing diverse and broad range of deals that Stanbic does). PS: Lowkey I had thought that Sam Ocheho might be considered for the Group CEO at FMDQ Group. Congratulations gargantuan"  
[X Link](https://x.com/Rufyb/status/1998292519004655886)  2025-12-09T07:23Z 23.3K followers, 11.8K engagements


"Appendix 1: Beta Glass financials"  
[X Link](https://x.com/Rufyb/status/1998455699395772453)  2025-12-09T18:12Z 23.3K followers, XXX engagements


"Appendix 2: Beta Glass financials in USD"  
[X Link](https://x.com/Rufyb/status/1998455705876017652)  2025-12-09T18:12Z 23.3K followers, XXX engagements