Bashir Musa retweeted
This is how Nigerians will understand the new tax law in a simple way:
1.Anyone who earns less than ₦800,000 per year will not pay tax.
2.Anyone who earns ₦800,000 to ₦3,000,000 will pay tax at 15%.
•15% of ₦2,000,000 = ₦300,000
•15% of ₦3,000,000 = ₦450,000
3.Anyone who earns ₦3,000,000 to ₦12,000,000 will pay tax at 18%.
•18% of ₦5,000,000 = ₦900,000
•18% of ₦10,000,000 = ₦1,800,000
4.Anyone who earns ₦12,000,000 to ₦25,000,000 will pay tax at 21%.
•21% of ₦20,000,000 = ₦4,200,000
•21% of ₦25,000,000 = ₦5,250,000
5.Anyone who earns ₦25,000,000 to ₦50,000,000 will pay tax at 23%.
•23% of ₦30,000,000 = ₦6,900,000
•23% of ₦50,000,000 = ₦11,500,000
6.Anyone who earns ₦50,000,000 and above will pay tax at 25%.
Bashir Musa retweeted
“I must have strategy on how to survive because $20 billion of investment is too big to failed, we in situation where we continue to play cat and mouse and at the of the day somebody will give up, either we give up or they will give up, and I don’t think I will give up.”
- Dangote added that he prays and wishes fuel importers will lose even more money because he's not printing money and is also losing money, it's not that he's making money, and marketers want imports to continue.
Bashir Musa retweeted
Good morning chads. ONE FREE SLOT
Announcing one winner among our already 3 free slot
Congratulations @bahaushe100, remaining two more people.
And guess what? Additional slot, to qualify just RT and like this post, we will use twitter picker to choose from among those that engage with this tweet.
Now
Here is the telegram to those who want to sub t.me/degensubgroup
We will do our best to make it affordable despite it has taken a reasonable amount of $$ to build.
Also we will use an average to allow people with smaller funds to get in later.
The team knows $100 to even $50 is alot for many, so we are exploring alternatives to ease that,
And again, certain KOLs will be picking our calls and be sending to their groups as theirs, and we have no way of stopping that, they might even monetize it charging a higher price than us.
So the need for fair pricing for ourselves especially that it takes a huge $$ to maintain it monthly.
And this screenshot is from 8 sept to 10 Sept. We can call any data we want. 51 tokens doing at least 50%.
And one free bonus, to all who sub I will let you know my secret in degen to maximise bot potential.
Anyone interested in subbing our bot should send a dm to the handle “rainers1”
Both Funds, time and energy has been put to building this degen signal bot, our current API we use is $400 per month and we are looking to upgrade to bigger package of about $650.
So the list of subs we are having is toward upgrade and recouping.
Interested candidates should send a dm on tg for payments, we will first see the number of people ready then come up with average fair price but $50 to $100 remain the target.
Plus we have a package for those subscribing for 3month package at once, and receive 1month free.
Bashir Musa retweeted
April CPI is out... and ngl, this was a soft print.
Headline CPI came in at +0.2% MoM and +2.3% YoY, both below expectations.
Core CPI (excluding food and energy) also slowed down to +0.2% MoM, with the YoY figure holding steady at 2.8%.
Now zooming out.. here’s what the numbers are telling us:
1) Inflation is cooling (for now)
- Headline CPI expected was 0.3%, came in at 0.2%
- Core CPI expected was 0.3%, also came in at 0.2%
- YoY numbers also came in slightly soft vs consensus
We’re clearly not in a hot inflation environment anymore. PPI confirmed that too.. PPI fell -0.5% MoM, with core PPI at -0.1% MoM and +2.9% YoY.
The wholesale side is cooling faster than retail.
So from a pure inflation lens.. the Fed has room to ease.
🤔 Then why isn’t the Fed cutting ?
That’s where it gets tricky. Market was pricing in June cuts a few weeks ago. But now.. September’s the new base case.
Why? because of the Tariffs.
- Trump’s 145% tariff push on China has spooked the Fed.
- Powell literally said some inflation expectations are creeping higher again not because of demand, but because of potential supply shocks (aka tariffs).
- Even with CPI soft, the Fed is scared of forward-looking inflation not matching backward-looking prints.
So the Fed is playing defense.. they don’t want to ease too early and then get slapped by imported inflation.
🔮 My Take: Rate cuts will come, but not soon..
I think the Fed will wait till September, maybe even later if tariffs get worse.
Market is now pricing in only 2 cuts for 2025. Honestly, if tariffs escalate, I wouldn’t be surprised if we get just one cut and done.
Here’s the gameplan I see:
- Soft inflation prints like this will build pressure on the Fed to act.
- Tariffs will delay them from acting.
- We might see a short-term market rally on soft CPI, but...
- If Powell holds out longer than expected, risk assets will correct again, forcing the Fed to eventually step in.
Either the Fed cuts into softness...
Or the market sells off to force their hand.
📊 CPI Breakdown.. what cooled and what didn’t?
- Shelter: Still sticky. +0.3% MoM and +4.0% YoY
- Energy: Natural gas spiked +3.7%, gasoline flat
- Food: Down -0.1% MoM (finally!), eggs dropped 12.7% in one month lol
- Motor vehicle insurance: Up again. +0.6% MoM and +6.4% YoY
- Medical care: +0.5% MoM
- Airfare, used cars, apparel: All dropped
So overall? A mixed bag. Shelter and services inflation still sticky, but energy and food cooled. Core goods are weakening, which is a good sign for disinflation.
🪙 What this means for crypto
Short-term: Good CPI = relief rally in crypto.
But imo this isn’t the green light for full-blown bullishness just yet.
- With the Fed holding out till September, liquidity won’t rush back instantly.
- Altseason won’t properly kick off until we get a rate cut + BTC range-bound + falling dominance setup.
- That said, I do think dips get bought now — especially in ETH and quality L2s. The market is sniffing a policy pivot later in the year.
We’re in the in-between zone now... not hot, not cold. Just... awkward.
Let’s see how long Powell can play this waiting game.
Bashir Musa retweeted
Mag 7 bleeding hard from their highs:
$TSLA: -45%
$NVDA: -33%
$META: -28.2%
$GOOGL: -27%
$AMZN: -26%
$AAPL: -21.9%
$MSFT: -20%
Meanwhile $BTC is just -22% from its ATH
and even printed green yesterday while NASDAQ saw its worst day since March 2020. $3T in equities got wiped in 24h and BTC shrugged it off..
This kind of strength from BTC while trad markets puke tells you one thing: Sellers are exhausted.
Feels like we’re close to the end of the dump cycle.
If talks around tariffs soften in coming days. which is v likely.. BTC will be the first to move.
Still one of the best positioned macro assets out there imo.
Bashir Musa retweeted
I thought CZ transformed after coming from prison—became more spiritually aligned, more detached—but I don’t think that’s the case at all…He is just like us—someone who can’t take control of FOMO/FEAR.
Bashir Musa retweeted
thoughts on the current crypto market structure
#Bitcoin has formed three ranges in the current bullish market structure, which started in Dec'23 when Bitcoin established support above $40K. Bitcoin spent nine weeks in the tight range of $40K-$44K before breaking out and pulling a 61% move in the next four weeks.
The price then entered another range between $55K and $70K, where BTC spent around 34 weeks—the choppiest period in recent BTC history. Bitcoin broke out of that range in Nov last year, pulling a 48% move in six weeks, before entering another range, which is now in its 8th week.
In the breakout after the first range, Total3 underperformed against BTC. However, in the second range-bound breakout, we saw Total3 market cap outperforming compared to the last breakout, moving by 87% versus a 57% move in the previous range-bound breakout. Meanwhile, Bitcoin gained less despite spending more time in the range.
This invalidates the theory that the longer Bitcoin spends in a range, the higher the breakout—unless Bitcoin fails to break out of the current 8-week range in the coming days.
If BTC manages to break the range high at $105K and establish support above it, I expect Total3 to continue its previous trend, outperforming BTC in the next upside move.
However, if Bitcoin decides to spend more time in the range—imagine another 34 weeks of consolidation—it would be disappointing for everyone.
In that scenario, alts would continue to slow bleed, though some narratives might still capture market attention, similar to how meme coins outperformed during last year's 34-week chop.
I believe we will get significant clarity on the next stage of price action within the next two weeks.
If BTC breaks above $105K and establishes support, we could see a strong Total3 rally. If not, brace for more painful times ahead.
Bashir Musa retweeted
First video after @cz_binance’s release and his literally telling you 2025 will be the biggest bull run yet.
(In almost his literal words):
2012 was a recovery year.
2013 was a massive bull run.
2016 was another recovery year.
2017 was another massive bull run.
2020 was another recovery year.
2021 was another massive bull run.
2024 is another recovery year.
2025, historically, will be another massive bull run.
If you even think of stopping now, you're not gonna make it.
Bashir Musa retweeted
This 'Uptober' and the previous 'Rektember' have shown that this cycle is more complex and different than the previous cycles.
I think that this is the cycle we'll get rid of the 4-year cycles.
It's all depending on liquidity and interest rates.
If those keep falling and governments continue to print money, just like China is doing, then the high is way higher than we all expect and the bull market on #Bitcoin and #Altcoins will be longer than we all expect.
To be honest, I suspect that we're peaking in 2026.
Bashir Musa retweeted
To celebrate hitting 1.2M on twitter,
i will give $1,200 BTC to 12 people in
next 48hrs. To join just like, retweet
and make sure you are following me.
Bashir Musa retweeted
3 reasons why I think $BTC is getting suppressed and it's becoming pretty obvious. Elites are quietly stacking while retail is getting shaken out..
But how long can they keep it up ? And what are the major upcoming catalysts for crypto ?
Here’s what I’m seeing: 🧵👇
Bashir Musa retweeted
Canadian PM candidate Piere Poilievre explains inflation in layman's terms.
You can now see clearly the problem with the Nigerian economy.*
Bashir Musa retweeted
You've been frying fish wrong your whole life and didn't know! Use water for frying
Bashir Musa retweeted
All degree certificates from Cotonou University issued between 2017 and the present will be rendered invalid. Additionally, all personnel currently employed by the Federal Government are to be terminated immediately.
The federal government has authorized the termination of employees in both the public and private sectors who possess counterfeit degree certificates acquired from the Republics of Benin and Togo.
During a press conference held in Abuja on Friday to mark his first anniversary in office, Minister of Education Tahir Mamman revealed that these initiatives were sanctioned in a recent meeting of the federal executive council, which was presided over by President Bola Tinubu.
He said, “One of the things we did in the course of the year was — remember when information broke out about some of our students going to neighbouring countries —some not even going at all — to obtain certificates.
“The ministry set up a committee to look into that; the committee came up with a detailed review; that review was sent to the federal executive council about a month ago, which approved some of the recommendations from the ministry.
“Now the recommendations will be implemented along with other ministries and agencies affected, including NYSC, Immigration.
“Because we have to take some major decisions here, some staff who are affected faced disciplinary measures, and that the whole unit went through some kind of review.
“But by and large, we can’t have in our midst people who procure fake certificates and to compete with our students who graduated from our universities and polytechnics through their sweat, some spent four, five, six, or more years going out to compete with people who procure certificates right here without going anywhere, for a lot of them.
“So what the FEC now approves is that, through the data, that NYSC has, about 21,684 students that are parading fake certificates from Benin Republic, obtained between 2019 to 2023.
“Togo is about 1,105. How did that happen? They simply attend schools, which are not recognised in those countries.
“Remember, this point is extremely important. The non-recognition itself is in those countries. They are not institutions recognised to offer degree programs in those countries.
“Instead, some of our parents, take their wards to these institutions, and of course there is no way we would recognise qualifications which are not recognised in those countries.
“In the case of Togo, we have three universities that are officially approved and licensed to offer degrees, and in Benin, there are about five of them.
“So anyone who didn’t attend these universities is parading a fake certificate.
“And from 2017, anybody who attended a university solely run in English is wasting his time because it’s not an approved university. That is their policy.
“But a lot of our countrymen went there—some didn’t go anyway; remember, these numbers are just what we have, a lot of them didn’t even bother to go to NYSC.
“The number may be more…Some who attempted to but couldn’t succeed in the screening process disappeared into thin air.
“So in the final analysis, what the federal government approved is that the Secretary to the Government of the Federation, SGF, will issue a circular to all employers, whether public or private, to fish out anybody with a certificate from these institutions—that circular probably would have been out by now.
“And the Head of Service, has also been mandated to fish out from the public service anybody who is parading certificate from these institutions.
“So this is the decision of the federal government on this matter”.
