chyket:
If you tighten the economy and there is liquidity squeeze,this is what happens.The spending power of Nigerians has been weakened so they cant purchase as much goods as they use to purchase hence those companies are posting losses. I believe that when the cabinet is fully set up and federal govt starts implementing the budget,more money will circulate and we can begin to notice improvements in the economy generally

smuth:


[size=14pt]Guy na you need education pass...you just typed trash.

APC supporters are blind and dumb, plus they are demons...we the good people of Nigeria will not allow you idiots destroy our country before we send you all to hell where you belong...broom wielding demons.[/size]

Missmossy:
The person who created this thread, what exactly is your point??

Or you trying to paint Buhari as been the reason behind all of your this. Very lame and incorrigible i must confess. We should learn to think beyond our five senses.

naijaking1:
Those st.u..pid companies are wailing wailers who are jealous of PMB success at the elections, his beautiful under-aged wife, his body language, his gap-toothed smile, and his fight against corruption. You know they say when you fight corruption, corruption fights back.
These companies must be Igbos or something

chuna1985:




U said u should not quite u again because of the very useless explanation u just gave.

Please shut up wen u see a topic u know nothing about.

aceTS:
Who is this Ikengawo? Anyway that is not important. All you need to know is that you are a very dishonest person. I know, and no doubt you know too, that the God you worship would forgive you. I guess that is why we all know you'd keep on lying like this. I pity those who look up to you.

Logician:


I don't know if you know that you are empty.

iamkeyz:
yes yes soon MTN will exit, then shell and others and our sofisticates will go back to cocoa farming.......................... we are independent already........... we arE BIAFRANS

Logician:
Let me think differently. What is those multi nationals were corruptly enriching themsevles before now? Their profits are bound to dwindle if someone serious takes over. But I don't mean the president is serious anyway. Personally, Forex restrictions has dwindled my profit by over 70% and I hold the president responsible$

Ikengawo:
I challenge anyone to post me examples of Job creation. I am not saying they don't exist though I believe this, I am simply laying the evidence before you to make your own conclusion as a voter.





November
Nigeria: Virgin Atlantic May Have Pulled Out of Nigeria, Sacks Nigerian Staff

Quote: "We fought daily battle against government agents who wanted to daily make fortune from us, politicians who saw the government 49 per cent as a meal to seek for all kinds of favour... watchdogs (regulatory body) that didn't know what to do and persistently asking for bribes at any point... Nigerian people are generally nice but the politicians are very insane... that may be irony because the people make up the politicians."
http://allafrica.com/stories/201511090151.html

Honeywell Flour Mills reports 66.27% decline in full year profit
https://trwstockbrokers./2015/08/03/honeywell-flour-mills-reports-66-27-decline-in-full-year-profit/

October
Guinness Nigeria suffers 76% profit decline
http://businessnews.com.ng/2015/10/24/guinness-nigeria-suffers-76-profit-decline/

Lafarge Africa’s profit dips amidst slow sales in Q3
http://thenationonlineng.net/lafarge-africas-profit-dips-amidst-slow-sales-in-q3/

Unilever Nigeria : FMCG Companies Suffer Half-Year Profit Decline
http://www.4-traders.com/UNILEVER-NIGERIA-PLC-8252801/news/Unilever-Nigeria--FMCG-Companies-Suffer-Half-Year-Profit-Decline-21155149/

First Aluminium Nigeria records 21.8 % profit decline
http://worldstagegroup.com/index.php?active=news&newscid=25451&catid=30

AIICO INSURANCE PLC: Decline in profits
http://www.pressreader.com/nigeria/thisday/20151108/281827167647336/TextView

Facts behind Diamond Bank’s 12percent profit decline in H1 2015
http://www.transparentnigeria.com/news_entries/24294/Facts-behind-Diamond-Bank%E2%80%99s-12percent-profit-decline-in-H1-2015

Cadbury Nigeria Records 98% Dip in Nine Months Profit
http://www.thisdaylive.com/articles/cadbury-nigeria-records-98-dip-in-nine-months-profit/222822/

HoneyWell Flourmills Records Profit Decline in Half Year 2015
http://www.bullsnbearsng.com/2015/10/honeywell-flourmills-records-profit.html

PZ Cussons: A corporate giant on the decline
http://newmail-ng.com/pz-cussons-a-corporate-giant-on-the-decline

September
Mobil Oil Nigeria records 39% profit decline
Quote: The financial results of the company for the period ended 30th September 2015 published by theNigerian Stock Exchange today showed that profit before tax fell 33.5 per cent
http://naija247news.com/2015/10/mobil-oil-nigeria-records-39-profit-decline/

August
MTN’s Profit Declines as Sales Fall in Nigeria, South Africa
http://www.bloomberg.com/news/articles/2015-08-05/mtn-profit-declines-11-as-sales-fall-in-nigeria-south-africa

Nestle Nigeria records 50.8% profit decline in Q1
http://nationalmirroronline.net/new/nestle-nigeria-records-50-8-profit-decline-in-q1/

calaway:


is it that you are a mad man just raving or you are an illiterate?

Lesson 1 to eternity for ransomed-

1. more profit declared translates to more tax accrued to FG, SG and Local governments while also providing for larger dividend for stake holders and the rippling effect of a better economy for society. It is always a positive thing.

KingEli:
oga relax....I tot fools like u don't exist anymore...Ur papa de competent n him still give birth to a foolish fool like u abi?....mumu

ocelot2006:


Eyah....your lack of home training is quite glaring, else you wouldnt have insulted my father, a man that can take care of you and your generation for years to come. Wretched punk.

ocelot2006:



What the hell is this clown yapping about? Your so called "Sheriff" is simply INCOMPETENT.

Emekamex:


Will you continue to spew this trash when the MNC cut more jobs thereby worsening the already high unemployment; and who told you other so called "true investors" will be stupid enough to come into Nigeria when their colleagues are either shutting down or losing profit.

FYI, the major cause of depreciating economy is that the present government isn't implementing budget or investing the little saved, help me name one single project that has been carried out so far by the Buhari administration.

mazzi:
Chai,but we warned them about bubu but they didn't heed to our advice

ransomed:
::--Ndi ara, you have forgotten that these firms do everything to evade tax , they declare fake earning, they get tax rebate when bringing in raw materials, machinery/equipment or intermediate products. Some are on tax holiday or tax incentive through dubious means. Go to CAC at Maitama and learn how they collude with corrupt government officials to evade tax and they shout double taxation to cover their nefarious acts. You can also double check at FIRS at Berger to confirm the heinous crime multinationals engage in economically against this Nation. No to impunity and corruption. As for you, go and work so that you can pay tax. Remember that 5K from PMB cannot take you anywhere. Truth is always bitter.

herald9:
WOW. Missmossy, I'm surprise! Is this actually you?

pasol4real:
President buhari take this advice, though i did not vote for you but at least this is still My country, n i want the best for the economy.The truth of the matter is as the economy of the country is destroying every one whether apc or pdp or What have u is suffering it.
Pls u have one opportunity to redeem our economy.
Ignore your 5% mentality.
Make an igbo Man the minister of finance.

naijaking1:
Those st.u..pid companies are wailing wailers who are jealous of PMB success at the elections, his beautiful under-aged wife, his body language, his gap-toothed smile, and his fight against corruption. You know they say when you fight corruption, corruption fights back.
These companies must be Igbos or something

calaway:


I see your attention span does not exist and you conjure all sorts of childish illusions to serious issues.

little wonder you are a zombie...

smirn:

You have done a very lazy and poor presentation because you want to quickly criticize the present government. Why not carefully go to your links to give details of what their profit were as against 2014. Most of drop in profit or whatsoever is based on planned target by the companies. Your posting is not constructive enough. For Job created, the government have made people like you to spend more of their useful time on nairaland looking for senseless post like this to ease their self induced pain and bitterness over the government of PMB.

ayo2pec:
Most of Nigeria Corporation are used to cutting corner,

Of course it is expected that an anti corruption stance of PMB will affect such firm.

Companies that will strive will be those backed by strong corporate governance and openness.

Take for instance the level of rottenness in Petroleum Industry, Power Sector, .....

Every one now need to sit right.

Thanks