Including the giant stride in kwarruption

TippyTop:
Buhari is returning us to the stone age. This is only the beginning, the Bubu man is hell bent on destroying the achievements and giant stride we made under Dr Jonathan.

When Zombies Rule the Innocent Suffers.

Very soon, Buhari will make CBN the only bank in Nigeria, same way he tried to make NNPC the sole importer and distributor of PMS and failed. By then, he will have us queue for essential commodities such as milk, sugar, salt, tomatoes, pepper, etc. It happened in 1983/84, when people were forced to close down their businesses and que up for essential commodities, so don't expect any difference now...

Are they saying devaluation would Cause more harm than good. Everything is this country has been politicized. One would be thinking thAt the academic community would be researching into the solution to. Our problems. If this country fails na everybody go suffer am.

Imagine what happens to other commercial banks if a government bank like first bank can be so badly affected by devaluation.

This is where UNION BANK is never shaken!.... always strong and reliable cos of gud top management

fejicruz:
Including the giant stride in kwarruption

Giant stride in kwarruption with fantastically corrupt men at the helm.

TippyTop:
Buhari is returning us to the stone age. This is only the beginning, the Bubu man is hell bent on destroying the achievements and giant stride [/b]we made under Dr Jonathan.

[b]When Zombies Rule the Innocent Suffers.

Giant stride indeed, the problem started before GEJ left, remember started devaluation before he left and he borrowed to pay salaries towards end of his tenure, when we discuss what affects our lives, we should be apolitical, politicians take care of themselves only, they don't care about us. PMB made the situation worse by delaying government start up and should have devalued to like N225 when he came in, now we may devalue to like N300 which will make every one poor who kept his/her fund in Naira poorer with very high inflation.

yomalex:
So disgusting that something that should generate intellectual discussion is being turned to a PDP/APC

You dey mind those idiots? They were the ones complaining that PMB refused to devalue the naira, now they read that devaluation seems inevitable, they still complain.

Dollarised over leveraged noneconomy.
Greece loading .
Iweala and Jonathan did a hit job on Nigeria.
Textbook shock therapy ( watch video below)
We all knew where we were heading during the subsidy protest.
I will take my time to gather some of the resources ( books , articles and videos ) for those who are interested.
If Nigeria cannot ride out the storm and fall into the hands of the IMF, expect almost everything owned by the federal government to be sold .
This includes NNPC and those oil blocks .


https://www.youtube.com/watch?v=QxxOIfrtYYY

Please dollar should reach N500. Forex traders (scammers according to the dummies) will relate to what I'm saying.

Jonathan ke?his d one that brougth this mess on us live setiment ok.jonathan nah bad luck 4 nigeria Quoted by Ref Mbaka

TippyTop:
Buhari is returning us to the stone age. This is only the beginning, the Bubu man is hell bent on destroying the achievements and giant stride we made under Dr Jonathan.

When Zombies Rule the Innocent Suffers.

guys let me know when fidelity self dey join oooo, coz 715k no be joke oooo

Remii:
Giant stride indeed, the problem started before GEJ left, remember started devaluation before he left and he borrowed to pay salaries towards end of his tenure, when we discuss what affects our lives, we should be apolitical, politicians take care of themselves only, they don't care about us. PMB made the situation worse by delaying government start up and should have devalued to like N225 when he came in, now we may devalue to like N300 which will make every one poor who kept his/her fund in Naira poorer with very high inflation.

Compare to the suffering now, Dr Jonathan and his team were geniuses. Buhari is not known to be a patient listener or a good economist, yet his ministers are in awe of him.
No one dare advice Bubu on the way forward, therein lies our problems. Bubu is Mr-know-it-all.

TippyTop:
Buhari is returning us to the stone age. This is only the beginning, the Bubu man is hell bent on destroying the achievements and giant stride we made under Dr Jonathan.

When Zombies Rule the Innocent Suffers.

You're simply ranting here. I expected some intelligent contributions from. Except of course, you have none.

nwaanambra1:
like first bank like every other bank in Nigeria - they only invest where the profit will be astronomical without stress.

they all refused to invest in the youths - they all failed to encourage entrepreneurship. People with great ideas that will amount to great profits in future where denied loans. they where all interested in giving loans to mighty companies with or without insurance.

The day of reckoning is here for all the financial institutions. like the President said during inauguration - in his government, you reap what you sow, its time for hard-work to be appreciated.

First bank and the rest of them can still retrace their steps before its too late for them.

True, you spoke objectively. In their pursuit of cheap quick profits, they neglected and frustrated genuine entrepreneurship drives with long term growth potentials and steady profits. Now no free cheap petro-money anywhere anymore.

yomalex:
So disgusting that something that should generate intellectual discussion is being turned to a PDP/APC

I'm telling you.
It's really annoying.

Thought central bank denounced naira devaluation yesterday

ogawisdom:
Hmmm op dnt cause panic withdrawals ooo
I trust First bank sha

Maybe the OP is working for another Bank. Maybe Sha.

Tbest20:
Jonathan ke?his d one that brougth this mess on us live setiment ok.jonathan nah bad luck 4 nigeria Quoted by Ref Mbaka

Talking of bad luck, did you suffer like this under his administration? Buhari is bad luck personified, there's a reason God prevented him from ruling for 30yrs. We disobeyed God by voting a cattle rearer, managing the lives of his citizens like he does his cows.

ogawisdom:
Hmmm op dnt cause panic withdrawals ooo

I trust First bank sha

That is my concern too. We do not need a bank run at this time

If you are expecting in-depth and professional opinion on this matter, definitely not here. Most of the comments here are born out of sentiments, hate and superficial knowledge of the economy.

However, what I can say is, the situation is not as bad as OP painted it. His post was born out of mischief, propaganda and ridicule current government.

[s]

Ijaya123:


You're simply ranting here. I expected some intelligent contributions from. Except of course, you have none.

[/s]

What assistance would my intelligent contribution make to a bank that Fed Govt policies has rendered useless?

buhari should inspire us all to get good education. illiteracy is a disease indeed

TippyTop:


Compare to the suffering now, Dr Jonathan and his team were geniuses. Buhari is not known to be a patient listener or a good economist, yet his ministers are in awe of him.
No one dare advice Bubu on the way forward, therein lies our problems. Bubu is Mr-know-it-all.

its neither her nor there, GEJ solved fuel problem with uncontrolled subsidy payout, spending almost all our income on subsidy, even unbudgeted, so in a way the evil days were postponed by GEJ. With low inflow, how can we continue uncontrolled subsidy? GEJ should have stuck his gun in 2012 by removing the subsidy and he would have had 3 years to prove he was right. PMB is also making mistake of just price increase to meet forex market forces instead of full deregulation.

No where in the publication was it hinted that first Bank would go bankrupt. False Alarm. Mods do the needful, the caption should be changed. First Bank will just have to set aside more naira earnings to cover their foreign currency NPLs which will hurt profitability. It takes a whole lot for a bank like this to go bankrupt, if they do, Nigeria may not survive it.

Awesome...we should just get used to atleast one bad news everyday till 2019

Nonsense! The bank will overcome and thrive

TippyTop:
Buhari is returning us to the stone age. This is only the beginning, the Bubu man is hell bent on destroying the achievements and giant stride we made under Dr Jonathan.

When Zombies Rule the Innocent Suffers.

Can't you folks just stop politicizing every thread. The topic is not for your kin. We are all just tired of not being able to read meaningful contribution on so many threads. We are tired! Please!

PDP destroyed the country before they left the scene, but APC is not managing things well.

Nothing will happen to firsst bank.

First bank, like UBa, UNION bank are an extentionm of Nigeria.