rvp2017:
Top in capitalization or Revenue or Profit or what...coz according to this reputable McKinsey report.Nigeria has 18 and Kenya 16 companies with revenues more than 500M usd? Where is the giant here - South Africa has 93 such companies - South Africa without any doubt is on another level.

https://www.mckinsey.com/~/media/McKinsey/Global%20Themes/Middle%20East%20and%20Africa/Realizing%20the%20potential%20of%20Africas%20economies/MGI-Lions-on-the-Move-2-Full-report-September-2016v2.ashx

samsobo24:
you will surely find a way out to delude your self.
In terms of market,earnings,popularity, work force

Danielnino00:
Some dumb mofos trying to belittle Eko Atlantic City just to satisfy his own ego... better be enlightened.. follow the EAC project here : https://www.ekoatlantic.com/media/image-gallery/




Stop hating.. . your country is irrelevant to our existence if u must know; D

rvp2017:
If kenya merged it 45 banks to 18 banks like Nigeria did in 2010 or like South Africa's 4 - then we would have similarly have mega banks. Not that we don't have - some of the most profitable banks in Africa are in Kenya - Equity & KCB for one.

Nigeria merged banks is deluding you otherwise Kenya can ran so many circles around Nigeria in the financial and intermediation sectors - let not even talk about SACCOS where kenya led Africa or M-pesa (mobile payments). Or how do you think Kenya has grown without OIL or Diamond or Gold - like most African countries.

Obviously Kenyan banks are not collapsing and there is no need to merge them.

rvp2017:
I did - I didn't see any difference in 2016,2017 and 2018 - maybe you're watching the grass literally grow in that one skyscraper dream city?

rvp2017:
Share the link to that list! I'd love to see ranking based on popularity? What is that - brand?

samsobo24:
http://www.financialnigeria.com/nigeria-south-africa-drop-on-nation-brands-2016-ranking-news-897.html

samsobo24:
Nigerian are banks are not less than 22

When quick teller is already ruling the Continent

rvp2017:
They were many small Nigeria banks - and they were collapsing - so they were forced to merge. Nigeria didn't and haven't created mega-banks organically like Kenya has. Take for example Equity Bank in Kenya - in 2005 - it was nothing - very small SACCO - and now it's one of Africa most profitable bank - with branches all over East Africa including Congo. Equity Bank is studied in Harvard?

While you talk about forced big banks - that don't meet all nigerian bankings needs - we are talking the most profitable banks - with highest return on assest in Africa - and Kenya access to banking is nearing to 100%.

The Financial Times’ (FT) latest listing of the world’s Top 1,000 banks shows that Equity Bank is Africa’s lender with the highest return on assets — an indicator of profitability that is determined by dividing the net income by total average assets — while Kenya Commercial Bank (KCB) is third.

Danielnino00:

How can u see any difference when u are blinded by hate and envy? EAC is coming up real fast... the project started around 2009 with dredging of the ocean and now three towers have bee completed.. Azruri pennisula is half way completed.. the EAC mall is under construction... Over 30 bridges and roads have been completed... the Great Wall of Lagos around the city is almost completed I believe... The city already has running water..... ;..
U think its easy building a city from scratch?

Sit down there and be hating. ...
And just like I said earlier, ur country is of no relevance to our existence....; D

shervydman:

Lol, one of d most ignorant person I've ever met on this forum.

shervydman:

Lol, one of d most ignorant person I've ever met on this forum.

rvp2017:
http://www./f38/banks-made-up-25-existing-banks-nigeria-2584/. Nigeria mega-banks were forced to merge by Nigeria's CBK in reforms that started in 2005. They merge 3-5 banks to make the current banks

rvp2017:
They were many small Nigeria banks - and they were collapsing - so they were forced to merge. Nigeria didn't and haven't created mega-banks organically like Kenya has. Take for example Equity Bank in Kenya - in 2005 - it was nothing - very small SACCO - and now it's one of Africa most profitable bank - with branches all over East Africa including Congo. Equity Bank is studied in Harvard?

While you talk about forced big banks - that don't meet all nigerian bankings needs - we are talking the most profitable banks - with highest return on assest in Africa - and Kenya access to banking is nearing to 100%.

The Financial Times’ (FT) latest listing of the world’s Top 1,000 banks shows that Equity Bank is Africa’s lender with the highest return on assets — an indicator of profitability that is determined by dividing the net income by total average assets — while Kenya Commercial Bank (KCB) is third.

kikuyu1:


That's the problem with many Naijjans-do you understand the significance of that ROA? Do you know even Euro mega banks would kill for half of that figure?

rvp2017:
And while at it - building new cities to escape current problems in old cities - Eko City that is - can you please add some green to that ugly concrete jungle. This especially as they wait for another skyscrapper to be constructed - trees and grass could be growing. Nairobi is magnet because it has 2) huge forests and of course the only national park in city in the world where animals roam freely (not a zoo!) in huge plain and lots of greenery. That make people want to visit or live in Nairobi




Nairobi street level - lots of trees





And if at the coast - Mombasa can teach you some lessons

samsobo24:
When Lagos generates its only electricity, it will start competing with Shanghai,NY,London,Moscow,Berlin etc.
It will soon dwarf Johannesburg as CNBC africa has said

Mzansian:



He is just being a typical Nigerian , talking about something he knows nothing about. SA life expectancy is 64 years.

http://www.cabsa.org.za/South-African-Life-Expectancy-Rise-1072017

Nwoke37 educate yourself.

samsobo24:
You are truly ignorant, if not you won't talk about the EAC,so you don't know that a smart city should have at least 40 percentage of its landmass for greeneries

254tobby:


You're the one who is the most ignorant person in this racist forum of yours,when he defends his points with facts,you're heated with madness and shock!

I guess you are even about to throw unnecessary tantrums and insults.

nwoke37:
This thread is so childish....2 countries fighting to massage their egos when both countries are looked upon as *shitholes

rvp2017:
Kenya financial & intermediation is on another level - just like the retail sector - Nigeria cannot even come close to it. I mean without service sector doing so well - kenya would be nothing - we have no minerals like these banana republics of Africa - and only have 1/3 of our land arable.

If you check the list by ROA -half of them are from kenya - if Ethiopia were to ever open their financial sector and allow kenyan banks to go there - I think they'll beat Nigeria in Capitlization too - they are not far off - Equity and KCB are definitely near there - and nearly all kenyan banks have branches in East Africa and few venturing out to South and Central Africa.

rvp2017:
What joke is this - Lekki deep sea port - that you're parroting is mere 500M usd project - I guess when whole budget for the giant is mere 28B USD that is a lot of money. PLEASE SHOW US MEGA PROJECT OF SAY 200B USD - that would really shows how ambitious Nigeria can be? I mean Kenya don't even shout about 500m usd project. That is pocket change.Mombasa port expansion - adding 3 berths - more than 1B dollars has already been spent.
http://businessandmaritimewestafrica.com/maritime-development/npa-pays-23m-equity-funding-in-lekki-deep-seaport-project

Nigeria has to wake up - pay and collect taxes. I mean the 28B is mostly from oil taxes - and has to be shared by 36 states!! The more I probe - the more I am shocked.

Please take Bill Gates advice seriously - pay taxes - and we may kick polio out - let's not even worry about other stuff for now - LEKKI deep sea port of 1.5BB - what hell is that?

shervydman:

This is one of ur baseless points..... posting a 2012/2013 table on ROA.

here's 2017 list below.

shervydman:

Here's another dilusional rant that 254Tobby called "fact". Firstly, he said lekki deep sea port is a mere $500m project, later; he called it a $1.5b project. Which do u want us to believe??

Secondly, he said Nigeria has a $28b budget and it has to be shared by states, how do I make him understand that budgets are not converted to $ and Nigerian states have their independent budget?

I'm done with this thread but just wanna show the reason I called rvp2017 an ignorant.