AZeD1:

The banks don't need government. They need to do real banking, support small scale industries with cheap loans.

They had free government money for years and rather than help small scale industries, they were using the money to buy government bonds hence the large profits they were earning.

It's time for them to work for there money.

michael142:
Union bank abeg make una nor sack my babe oh else she go go back to sleeping around oh.

OBAGADAFFI:


And where will they get the monies from?

Bolustic:

Why won't these three banks close branches down when there are no more slush monies to do business. Tell me GTBank, First Bank, UBA and others who don't SOLELY rely on laundered monies would close down branches.

These banks managements have been fingered and troubled by the EFCC for the past one year.

This recession is going to open many people's dirty yansh, if you think I'm joking, ask Emeka Offor, Sola Ayeni and other PDP made overnight billionaires

proeast:
Are you one of the zombies APC unleashed on nairaland? what the hell are you talking about, do you even know that Nigeria is largely under banked per capita Your first paragraph is disgusting to sane minds!!!! Fyi, even the SME's are closing in drooves not because of lack of funding by banks but simply due to very harsh operating environment brought about by government policies, lack of basic infrastructure like electricity, good roads, affordable fuel etc. Tell me a single plan of action Buhari is taking to revolutionize agriculture, industries or infrasture Buhari is as confused as those almajiris in the streets of Kano

FunkyMetahuman:
on the contrary.

That's when most money goes to the banks because government try as hard as possible to reduce the money in the system by curbing spending..

The banks should have taken the customers more seriously But instead relied on government money.
Now that TSA put an end to that,they run out of ideas but only option is to lay workers of to cut spending.

Unclerukus:
That's inflation, where there's too much demand but less corresponding supply. (where the money to demand?). This us a recession, no or reduced productive or economic activity nationwide. Money is basically not changing hands like it used to be. Hence low saving. That's my opinion bro.

Bolustic:

Why won't these three banks close branches down when there are no more slush monies to do business. Tell me GTBank, First Bank, UBA and others who don't SOLELY rely on laundered monies would close down branches.

These banks managements have been fingered and troubled by the EFCC for the past one year.

This recession is going to open many people's dirty yansh, if you think I'm joking, ask Emeka Offor, Sola Ayeni and other PDP made overnight billionaires

FunkyMetahuman:
what has been major problem in this economic recession?

Isn't it inflation?

Why did government come up with the plan of reducing what you buy etc?

Unclerukus:
inflation goes with a recession, it's called stagflation. But we have been doing okay with our previous inflation percentage for a while. This recession is caused by poor policies made by Mr. Buhari. e.g Like banning imports like rice without creating provision to amend such policies. Policies like that would disrupt so the economic cycle, workers, banks that gain from such businesses( considering Nigeria is import dependant, a lot of businesses). The banks lose chunks of money from businesses and it's causes a chain reaction. The little goods you can lay your hands on are way too expensive but there's is no money to buy it.

Bolustic:

Why won't these three banks close branches down when there are no more slush monies to do business. Tell me GTBank, First Bank, UBA and others who don't SOLELY rely on laundered monies would close down branches.

These banks managements have been fingered and troubled by the EFCC for the past one year.

This recession is going to open many people's dirty yansh, if you think I'm joking, ask Emeka Offor, Sola Ayeni and other PDP made overnight billionaires

proeast:
Are you one of the zombies APC unleashed on nairaland? what the hell are you talking about, do you even know that Nigeria is largely under banked per capita Your first paragraph is disgusting to sane minds!!!! Fyi, even the SME's are closing in drooves not because of lack of funding by banks but simply due to very harsh operating environment brought about by government policies, lack of basic infrastructure like electricity, good roads, affordable fuel etc. Tell me a single plan of action Buhari is taking to revolutionize agriculture, industries or infrasture Buhari is as confused as those almajiris in the streets of Kano

Bolustic:

Why won't these three banks close branches down when there are no more slush monies to do business. Tell me GTBank, First Bank, UBA and others who don't SOLELY rely on laundered monies would close down branches.

These banks managements have been fingered and troubled by the EFCC for the past one year.

This recession is going to open many people's dirty yansh, if you think I'm joking, ask Emeka Offor, Sola Ayeni and other PDP made overnight billionaires

FunkyMetahuman:
what has been major problem in this economic recession?

Isn't it inflation?

Why did government come up with the plan of reducing what you buy etc?

agbotemi64:
Hmmm... APC is a curse to humanity .thank God I still have Dis pix

Boleyndynasty2:
So that's why uba can't afford to subscribe their DSTV anymore abi...And FCMB last week had to charge me 350 before i can use their deposit slip for Remital payment

lordyugo:



u really dnt have an inkling bout economics do u?