₦airaland Forum

I hope dude is okay...

But there’s something not quite kosher here...
Dude has been missing since January and it’s only being announced now?

ibietela2:
Hahahahahahahahahahahahaha, my Uncle is owing 12k since 3YRS now he has refused to Pay, not that he doesn't want to o

Lexusgs430:
That shark loan interest rate, is the killer for me........

Rates are extremely high, but is reflective of the cost of funds, risky lending environment (no credit history, reliable ID system, etc), and high operating costs...

A Nigerian Senator treating women as property to be gifted... smh

ZOO!

Lexusgs430:
Borrow money from Nigerian banks, at your peril......

Nigerian banks also lend money at their own peril.
The case of of Hi-TV’s Toyin Subair, with the reported N5 million champagne parties and yacht soirées, probably has been a cautionary tale.

Joromi12:
Giving pple loans at 18 to 22% is criminal. The business climate is too harsh also. Banks know u wont be able to pay and they charge all manner of late payment charges

Yes, Nigerian banks charge high interest rates but these rates merely reflect (1) cost of funds and (2) operating costs...

bluecircle470:
Saraki is a crook so i don’t expect the company he owns to be better

Saraki does NOT own Heritage Bank.

The restored banking license of Societe Generale (SGBN) was bought from the CBN by core investor IEI Investments, the investment vehicle of IEI Insurance Plc, a publicly-traded and listed company on the Nigerian Stock Exchange.

soberdrunk:
Banks are meant to support Entrepreneurs and encourage business growth but it seems Nigerian banks are only good at "illegal" deductions......

Do you people even realize that the loans/finance that banks give are OTHER PEOPLE’S MONEY?!

Accordingly, when you don’t pay back your loans, it is my and Mama Bisi’s deposits in the bank that is being put at risk. So banks can “support” and “encourage business growth” all day and night, so long as they are darn sure (or most likely sure) to get the monies repaid - which is difficult enough in Nigeria without a reliable national identification system nor a credit checking and/or credit history verification system, but is compounded by the Nigerian perchance (even culture) of entitlement wrt other people’s money. Try lending your buddy or cousin a little bit of cash and see how difficult is often is to be repaid (especially when they believe you have even just one naira more than they do).

Cargoed:
This whole thing has nothing to do with restructuring, I think the National Assembly has also acted badly on what SWF should be both accounted for and decision on where it should be invested in vote
d for.

That's what a real democratic country does with their funds.

This SWF if properly invested should over- take ECA.
With $1bill SWF I can tell them how to make at least 4% a year without involving any asset that has to do with Oil.

SWF should never be invested in Nigeria or
Any Oil dependent country or Business.
It's money for the next generation. When Oil finally dries up or is not needed.

The NSIA returns more than 4% yearly (the worst it’s ever done was 5.17%) on its investments in the Stabilization Fund (which btw are managed by the asset management units of some of the world’s leading investment banks).

Nonetheless, the NSIA also has other funds, such the Infrastructure Fund and the Future Generations Fund, that take long-term investment positions because the returns on those funds are not supposed to be distributed in the near-to-medium term.

This is a USELESS news story...

It appears all that the IMF report did was to list the size of the SWF of each of the relatively few countries that has one against the size of their GDP. That is NOT a ranking, but merely a list (data), and thus the use of the term “worst” is INAPPROPRIATE (perhaps deliberately deceptive). For instance, it is NOT a measurement/ranking of return on investment, corporate governance indices, transparency, etc. By way of analogy, it is akin to listing countries by population in Africa and saying that Nigeria is “ranked as the best”!

Of course, unless Nigerians are prepared to support a constitutional amendment or law that mandates that a portion of revenues accruing to the Federation Account, instead of being shared among the three tiers of governments, must be contributed to the NSIA (SWF) for savings/investment in trust for future generations, the competing demands on the treasury will ensure that size of our SWF will remain relatively minuscule in relation to our GDP. We hardly need the IMF to tell us that which we already know.

Superstitious ZOO!

Story of the gods...
Just shows that Nigerians will believe any crap. SMH

No shyte Sherlock Olufunilayo...
Can a dude really “paint the town red”?

Where’s the beer na?

Oricha79:
The real MVP in buhari's cabinet

In the land of the blind, the one-eyed dude is MVP...

AutoReportNG:
Ameachi, always hands on back..

See more pictures here

https://www.autoreportng.com/2019/04/rotimi-ameachi-in-lagos-inspects-ebute.html

That’s where the wallet is...

You can take some people out of the ZOO...
But you cannot take the ZOO out of them!

fvck:
Wizkid still has no recent hit
He's only travelling up and down like the picture below.

It must the FEVER that’s blinded you to his latest monster hit.

NEXT LEVEL heatwave

Is this news? Nairaland, I will send bill for my wasted time...
Meanwhile, his ego seemed more bruised by the woman not recognizing who he was than by the shade itself. Mtchewww!

Another Nigerian CROOK gets a soft landing...

Nicklaus619:
Bro do u think this arrangement between diamond and access was a merger? I don't think so, it is crystal clear that diamond bank highest share holder has sold it share to diamond bank making it possible for easy acquisition, that was why they changed diamond bank name to access bank, originally, if it was a merger, they were suppose to come up with a different name aside diamond or access, take oceanic bank for example that merged and now Eco bank.

Of course, the practical effect is clearly an acquisition...
But in order to use the easiest(?) process, it was structured as a scheme of arrangement (and so, technically a merger/amalgamation).

Nicklaus619:
Access bank is having this current negative profit even after acquiring diamond bank I thought they are suppose to be the highest gainers base on the large stream of their current customers and network coverage.

Investors are taking profit post-earnings season and after the price rise in the run-up to the closing of the merger...
Nonetheless, Access is going to have to deal with some post-merger integration headwinds (albeit it has a track-record from prior mergers).

Investors are taking profit...

This one they are going on about “pest management” and Bayer...
One can only hope (prolly against hope) that they are relying on organic methods rather than poisonous pesticides.

Do these Reps think Next Level elections come cheap? SMH

chiedu7:
With which electricity?

Btw, what happened to this NYSC-dodger Bayo Shittu’s ICT Universities?
Contracts were awarded, appointments made, salaries paid - and we are still waiting!

Jcole1985:
With that level of Ugliness,you are free to be whatever you like,Fagggot claiming Bullshit we will even welcome you among the male folks cus ladies don't look that ugly

Shocking that someone could proudly publicly display this astonishing level of IGNORANCE and crudity...smh

Lexusgs430:
What is an SS3 student doing with a boyfriend?....

So it’s her fault now? Nigerian men and their misogyny... smh

Meanwhile, the story makes it clear that she did not want a relationship but dude wouldn’t take no for an answer.

Good riddance...NEXT!