₦airaland Forum

Not all dream comes true, therefore not all dream is worth talking about, a good example is the i just read.

Who are these investors ingesting to these banks at this time?? My guess is the profiteers of fx speculators and the bank executives. Don't let them trick you into dumping their share for you at high prices. Don't allow them lure you into making gain from you through share speculation after Cardoso has busted their bubble and trying to strain them of their gains from fx speculation. I strongly support the recapitalization, but allow them to go and recapitalize themselves from their founders wealth, their other gains and partners.

My advise for average Nigerians is not to fall for this tricks, don't buy any bank shares at this time. Let them recapitalize themselves first to avoid losing your money to merger, acquisition, or outright bought that may happen during the recapitalization process.

History of Nigeria Stock Exchange has shown that after every recapitalization of these well regulated sectors, their shares performed badly. Beware!

Wait to see the what he is proposing as a budget

What I don't understand is why some people are hellbent of destroying Nigeria for the benefit of foreigners?? So many complains are being read about SON deliberately allowing substandard goods import into Nigeria but shutting down local companies for producing something better than that

Na script or cruise jo! I began to know it was script/cruise when the woman said she would sell her father's house to help the man build house for his first wife in africa and finally agreed it was script/cruise when the man said he would be taking third wife and the woman was in support.

Our husband has gone mad again.

emmaodet:
Bro, seems you have good knowledge about this topic.
Please what is recapitalization? And how will it improve the economy?

Recapitalization is when you as a business person needs to add more capital into your business so as to help you meet your business goals and customers needs.

Having more capital in your business will not make you to lose customers as you will have the goods they needed, help improve your sales and business. Doing these will help you as a businessman put your kids in better life, make you life a good life, help your brothers and other multipliers effects

Let me remind you some of benefit of the precious recapitalization, It creates more jobs (contracts and permanent) in the banking sector, we see banks opening more branches, make them beg you to open an account with them, improve their power to borrow customers, businesses and even governments money etc.

cucumbar:
lol... I'm not frustrated o...this agbado government is favouring me and my family. you can only dream of the life I live.

where is the lie in what I wrote?
I'm just hoping you will get sense, because anybody that supports this kind of evil for whatever reason no get sense.

I don't dream of living a frustrated life that's why I don't respond to frustrated people. I am too smart than to live a frustrated life

Odidigboigbo:
Every here and then, almost all big cooperations sell shares, how many Nigerians do buy shares when they know fully within a short time, their shares will reduced in real value. I can bet you, if recapitalisation is announced today, 95% of commercial banks won't realise the capital from capital market. The big boys will continue to ball while the small players will be consumed. These are prayers of the big boys to to reduced competition.

Nigerians were buying shares very well until they did exactly in the stock market what they are doing now in the forex market and then the crash of the stock market. If Nigerians didn't recapitalize them, let foreigners recapitalize their banks and take over ownership nah, that is what they brought upon themselves as a result of their speculation action for dollars against naira. They were able to escape running the stock market with their actions and want to do same in the money market and escape, it won't work. The chicken has just come home to roast. Large corporation o, small o, they will be forced to bring out their gains in fx speculation to up their capital or they share or lose the control of their banks. Emefelie was setting all of us up while thinking he was protecting them when he allowed them to be doing fx "buy low, sell high" marketing and they were happy, now that Yemi is telling them to go back and make their capital better they should be ready to do "invest in our business" marketing nah. The cross of it is it that it would be difficult for them to go back to average Nigeria that they have burnt their hands during their reins in stock market, so it is much more easier for them to go their fx speculative partners /shareholders and ask them to invest in their banks or they lost their banks. The reality is that it will affect all but it is important that we all learn our lessons. Cardoso should please bring this recapitalization fast, the faster he brings it, the faster exchange rate coming down

The issue is that aot of people are just confused no. They don't really know what they want and full of greed

cucumbar:
be chasing shadows you hear? You better tell the trial and error government you voted in to do the needful. How come the people that wrecked the economy are walking around freely and are well known? Instead, the government is begging them to release part of the stolen funds. They are buying yatch and chasing wetin no lost. Are you guys ok at all?

But this your comment seems to come out of frustration?? Sorry, I hardly respond to frustrated people.

Odidigboigbo:
Yes, your are right that there are a lot of things to be done to put the economy in a proper shape BUT recapitalisation is not one of them in this material time that our economy is in shambles. Reason being that a lot of jobs will be lost. In this country, we like doing this without putting the adverse effect of our actions into consideration and putting a measure to cushion the effect.

Recapitalization is definitely one of them. If your cooperatives are not meeting the aspiration of it's members to finance it's members monetary needs, what do you think such cooperative society needs? Definitely recapitalization i.e. to shore up it's capital by holding debtors well, get new members, bring in more fund anyway to meet it's members momentary needs nah.

Odidigboigbo:
Your analysis is not right. To your mind, if Banks were asked to recapitalised, Those hoarding dollars will bring it out to reinvest right? The same way you guys said when Subsidiary is removed and Forex is allow to float, Naira will appreciate. Six months down the line, what's the outcome?

Forex floating and subsidy remover are not just the two things that would make the economy better. Things musr be done across board, and there are some things that are important more than the others, one of them is subsidy remover and naira floating. However, time will tell

Bizibi:
yes let them bring their gains.....they posted gains from the fx so that shouldn't be a problem for most of them.I pray the share price doesn't drop.

This policy will expose some of them.....

If their share price drop, they invited it. Firstly, the bank executive/owners and key members of the board are the highest shareholders in most cases and they are also the benefactors of the naira crash too. After all they have played and enjoyed their roles, let Cardoso plays and enjoy his roles too as their capitalizations setter nah, not everyone would be like Emeleife

Bizibi:
it is good but the cbn governor has to weigh his options,this move have its consequences because Nigeria economy is really bad and only this policy can't just turn things around.

Nigeria economy is bad because alot of money that needs to go around from the genuinely rich and corruptly rich are being used to chase dollar speculations and stacking/storage for a gain, but with this recapitalization, banks that helped them in this "buy low, sell high/stacking" adventure will now go back to them and be begging them for Naira to help increase the capital of their bank or they go into extinction or merger. Mind you that those so called bankers are also part of the big speculators, let them bring their gains out to recapitalize their business and not to be betting on dollars gain/Naira fall venture.

The lesson from this would teach all us that extremism is evil. Infact, Cardoso should please make this recapitalization big and fast abeg.

I said it that one of the best way to stabilize the economy is recapitalization those banks. Yemi Cardozo is very right on this move. This way the bank executives who are well into fx speculation (buy low, sell high) marketers would now be turned to "invest in our bank" marketers thereby reducing money for fx speculation and force them to bring out their gains on fx speculation to the make their company and the country better. Luckily, banking does not need much buildings these days that will cause them to be adding overvalued buildings as part of their capital and Cardozo should watch out for banks using overvalued internet infrastructural to claim capital.

This is a smart strategic move, I swear.

Through this, Yemi Cardso has given them a job to be looking for investors that will help shore-up their capital instead of looking for people who they will help with dollar speculation (as most of their top icons do now). Yemi has turn them to "invest in my business" marketers now instead of the Emefiele's style "buy low, sell high" marketers. This will help our naira in the mid-term as they will be forced to approach their dollar speculator customers to help their capital thereby reducing the fund availability for dollar speculation. I pray it is implemented soon.

My prayers are with him

It seems majority of Nigerians are deliberately or ignorantly working against better Nigeria.

NOwazobia:
BUSD has been discontinued, and he has always told his community to start selling off their BUSD bag, until the 2024 date.

If that's the case, smart speculator/ short time investors needs to offload BNB asap

For a wise speculators/ short time investors dump BUSD and BNB now because he would most likely finance this fine from his wealth which he has repeatedly told us is in BUSD and BNB

Hmm

Obasanjo is very right. Africans needs to create its own version of democracy that will address the governance needs of it people

Why would a party go against court judgement?? Jafar jafar should tell Nigerians if rule of law is not democracy too.

Kindly advise is that fear any party that Tinubu is actively involved. I am not saying that he help to circumvent justice but he helped dissect political processes and create a unique political system tormenting oppositions.

bamvik:
I need an illustration or an example of these passage from bible scholars.

"Psalms 23:5: "Thou preparest a table before me in the presence of mine enemies"

It simply means the lord will pepper your enemy before your own eyes.

Our country productivity is at all time low while our p population is at all time high. We are all killing this country which is not good for our now and future.

Please EFFC and ICPC should not feel concerned to this case until after 2 years. I want the dollars speculators to feel the pain of losing all their money to speculation. They are part of those that destroyed our Naira by giving her naira to change to dollar.

In the olden days, our ancestors consult oracles for their problem which most probably include things like this. It could be the oracles that told them to do that.

Hakeem66:
you think it's easy as that, it's like you're not in Nigeria.

I am in Nigeria and n entrepreneur in Nigeria. It is not easy either way but it is much more easier when you have the required capital and more money to dominate the market.

Gwin007:
Good day nairalanders.. please I need advice on what to do.. am married with three kids, 5, 3 , and a year old.. I own a bussines.. but for now my bussines is down, the has been very good and lucrative.. but due to lack of capital to invest more on it. It was now shaking.. but the thing now is that.. I have the capital to invest on the bussines.. but now am saying should relocate abroad with the money and leave my 3kids and wife back home or invest on the bussines.. cus am traveling with a tourist visa and it’s a Europe country and I don’t how long it will take to get my papers over there please Nairaland I really need ur opinion not make future mistakes

Thanks

My candid advise would be don't try hustling abroad with visiting visa and leaving your young family behind.

Concerning your business, don't expect any business you do at this time will be profitable as it used to be and business nowadays requires higher capital to survive. I will advise that you look into a new business that requires like 500k to 1m that make a reasonable profit and
start it. Then grow the business to a higher height and become a major player in it as you would still have more money to play it big at a later time

To be honest japa is for those at the bottom of the pyramid but it is unfortunate that the cost involved now is beyond those category reach.

Best thing let's stay back and develop Nigeria without leaving everything in the hands of corrupt leaders within our system while we should also double efforts to sacrifice and be productive