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Nairaland Forum / Nairaland / General / Business / HSBC And UBS Close Offices In Nigeria (23902 Views)
List Of All Opay Offices In Nigeria / Real Reason HSBC And UBS Exited Nigeria! / South African Central Bank Fines HSBC For Lax Money Laundering Controls (2) (3) (4)
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Re: HSBC And UBS Close Offices In Nigeria by Benekruku(m): 11:47am On Nov 03, 2018 |
hisgrace090: You are hungry! 1 Like 1 Share |
Re: HSBC And UBS Close Offices In Nigeria by Throwback: 11:47am On Nov 03, 2018 |
So HSBC came into Nigeria, hoping to have near access to looters who they are globally infamously known to aid in laundering money. Alas, they toiled night and day, and realised that era is slowly but surely winding down in Nigeria, and no business came their way. 5 Likes 1 Share |
Re: HSBC And UBS Close Offices In Nigeria by olafum1(m): 11:47am On Nov 03, 2018 |
Re: HSBC And UBS Close Offices In Nigeria by bettercreature(m): 11:47am On Nov 03, 2018 |
They didn’t have money to launder again 1 Like |
Re: HSBC And UBS Close Offices In Nigeria by Jeezuzpick(m): 11:47am On Nov 03, 2018 |
SEGLIZ: Do you know that Nigeria trades internationally? All the transformers and equipment used in the power installations and telecoms equipment, even weapons, they are bought from companies which bank with these large banking corporations. Their closing up shop is a clear indication of a sharp drop or even a crash in international trade with Nigeria. 9 Likes |
Re: HSBC And UBS Close Offices In Nigeria by Benekruku(m): 11:48am On Nov 03, 2018 |
Promismike: Can you wail at this pace till 2023? 2 Likes |
Re: HSBC And UBS Close Offices In Nigeria by SternProphet: 11:48am On Nov 03, 2018 |
Thank God !!!! All the capital flight and money laundering banks are relocating. Rubbish bankers. Looters' bankers. They have never done development lending since their coming to Nigeria...only turning the direction of money out from Nigeria. 4 Likes 1 Share |
Re: HSBC And UBS Close Offices In Nigeria by Owutuotuo(m): 11:49am On Nov 03, 2018 |
Following from the Jonathan administration, the gap between the rich and the poor widened, though their approaches and decisions differ. The end result has been the same thing. Yes we voted so we can see the recession of graft, approach to economic reinforcement has not been appealing to FDIs. The facts from NBS say so, I did not. You have one vote. Use it wisely and with understanding of the consequence thenceforth. 2 Likes |
Re: HSBC And UBS Close Offices In Nigeria by djon78(m): 11:50am On Nov 03, 2018 |
SEGLIZ: You call HSBC and UBS Ghost bank? Honestly I really laugh at some of you. You won't also know the importance and values of foreign investors and FDI to an economy 8 Likes |
Re: HSBC And UBS Close Offices In Nigeria by Born2Breed(f): 11:52am On Nov 03, 2018 |
dre11: Buhari is really working hard to bring Nigeria to its knees economically. APC is working hard to take Nigeria 20yrs backward. BMC are really working hard to remain in perpetual mumuism. BSG are working hard to remain zombified. 3 Likes |
Re: HSBC And UBS Close Offices In Nigeria by Realisticallyme: 11:53am On Nov 03, 2018 |
A HSBC research note dated July 18 said a second President Muhammadu Buhari term “ raises the risk of limited economic progress and further fiscal deterioration , prolonging the stagnation of his first term , particularly if there is no move towards completing reform of the exchange rate system or fiscal adjustments that diversify government revenues away from oil. ” Did anyone read this line? 8 Likes |
Re: HSBC And UBS Close Offices In Nigeria by carrascocity(f): 11:54am On Nov 03, 2018 |
That are banks for polithiefians 1 Like 1 Share |
Re: HSBC And UBS Close Offices In Nigeria by exlink10(m): 11:54am On Nov 03, 2018 |
Buhari is working sai baba 1 Like |
Re: HSBC And UBS Close Offices In Nigeria by OBAGADAFFI: 11:54am On Nov 03, 2018 |
SEGLIZ: Tighten what economy? If you lock down your economy you loose. Nigeria is no longer an attractive market in Africa. This foreign banks are the eyes of foreign investors in Nigeria. Foreign investors don't trust local Banks. 8 Likes |
Re: HSBC And UBS Close Offices In Nigeria by rusher14: 11:56am On Nov 03, 2018 |
Does the average Nigerian know where their offices were situated? |
Re: HSBC And UBS Close Offices In Nigeria by biggy26: 11:56am On Nov 03, 2018 |
Caseless:Study and research una no go do. Then u come and expose ignorance like d lifeless one. 5 Likes |
Re: HSBC And UBS Close Offices In Nigeria by Omeokachie: 11:58am On Nov 03, 2018 |
Foreign investors rushing Nigeria under the lifeless one |
Re: HSBC And UBS Close Offices In Nigeria by ednut1(m): 12:00pm On Nov 03, 2018 |
Less money to launder lol 2 Likes 1 Share |
Re: HSBC And UBS Close Offices In Nigeria by nextstep(m): 12:00pm On Nov 03, 2018 |
I thought PMB said the economy is doing great under his watch |
Re: HSBC And UBS Close Offices In Nigeria by nextstep(m): 12:02pm On Nov 03, 2018 |
Throwback: Right, because the presence of HSBC in New York, London, Hong Kong, Shanghai, Rio, Tokyo, Johannesburg, etc. is how they launder money. Not investment banking or the sign of a bubbling economy. 5 Likes |
Re: HSBC And UBS Close Offices In Nigeria by semyman: 12:03pm On Nov 03, 2018 |
No more slush fund to launder 2 Likes 1 Share |
Re: HSBC And UBS Close Offices In Nigeria by oddoood: 12:03pm On Nov 03, 2018 |
DQ94: So what should we do with it 1 Like |
Re: HSBC And UBS Close Offices In Nigeria by LZAA: 12:04pm On Nov 03, 2018 |
SEGLIZ:Ok lets assume u never heard of UBS but HSBC? Kai walahi dont let zombieism do you na Cc immhotep DaBullIT sarrki Roger3D strikethem 4 Likes |
Re: HSBC And UBS Close Offices In Nigeria by GistFullGround: 12:06pm On Nov 03, 2018 |
SEGLIZ: You referred to HSBC and UBS as ghost banks? Ignorance is a serious disease 10 Likes |
Re: HSBC And UBS Close Offices In Nigeria by Focusmind: 12:06pm On Nov 03, 2018 |
dingbang: Do you think you must have a physical presence to conduct business in any country? The world have gone global. There are many multinational companies in Nigeria that you don't hear about. Go to FIRS and see names with their tax returns. They have people that represents their interest in Nigeria, negotiate and close out deals on their behalf. Most of the people they have here, rent offices in high brow Ikoyi and VI without pasting the name of the company any where. You will just see on 5 or 6 people working for the multinational, closing out deals on their behalf and filing tax returns. Oil companies comes to mind. A lot of unknown companies are operating in Nigerian oil and gas without being known to the public but know only to the authorities and regulators. They have offices in closed streets in lekki and VI without sign post. It is only when you enter the compound that you see assorted jeeps and four wheel drives. That will tell you how far. So, bro companies exist without having physical presence, especially the investment banks - Note that we have Deutchebank, Goldman Sachs, RMB and Barclays bank today in Nigeria but no physical office. They only pay tax based on the proportion of profit made only in Nigeria. 11 Likes |
Re: HSBC And UBS Close Offices In Nigeria by BedLam: 12:07pm On Nov 03, 2018 |
SEGLIZ:Get sense bro. If a foreigner wants to invest in this country, what bank do you think they use? There's a reason they are called investment banks. It's funny how everything about the woes of the economy is blamed on foreign entities. If these banks are closing, then investment will also shrink. These banks also provide data for investors. SMH at your buffonery 10 Likes |
Re: HSBC And UBS Close Offices In Nigeria by Nobody: 12:08pm On Nov 03, 2018 |
A HSBC research note dated July 18 said a second President Muhammadu Buhari term “ raises the risk of limited economic progress and further fiscal deterioration , prolonging the stagnation of his first term , particularly if there is no move towards completing reform of the exchange rate system or fiscal adjustments that diversify government revenues away from oil Accurate Assessment of this administration so far!! 3 Likes |
Re: HSBC And UBS Close Offices In Nigeria by mandax: 12:08pm On Nov 03, 2018 |
According to CBN, foreign investors fallen sharply, foreign banks close shops. Nigeria becomes the biggest debtor country in Africa. Buhari voters are most ignorant. They don't reason from the head, religious extremism and private pursuits influence Buhari voters who despite reading these facts but still intend to vote Buhari. 2 Likes |
Re: HSBC And UBS Close Offices In Nigeria by HajimeSaito(m): 12:09pm On Nov 03, 2018 |
chloride6: Lol, see typical ignorance and myopia. Nigeria has been downgraded to "junk" investment status by nearly all the major rating agencies in the world. If citigroup is still around, it is because they established a presence in Nigeria long before 2015 unlike these two who are checking out like Andrew. If the dullard continues ruining this country and creating more extreme poverty, citigroup will soon be on its way out too. 5 Likes |
Re: HSBC And UBS Close Offices In Nigeria by longjon: 12:09pm On Nov 03, 2018 |
SEGLIZ: Wow HSBC and UBS are ghost banks ?? The level of wilful hopeless ignorance being displayed by some people is nauseating . All in a bid to defend the Buhari . 6 Likes |
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