₦airaland Forum

missdee384:
should have done that a long time ago... I don't just seem to have the time.... Thanks tho

missdee384:
see your bank has been frustrating me o.... For a long time I have not been able to transfer from my online app to another bank... If I have to transfer the person has to get a first bank account or I have to walk up to the persons bank and pay cash.... Now I can't recharge my phone from my account . I know u ain't the owner of the bank but you are the only one I know working there..... Lol

Kamalu5258:
Nice, what benefits does FBN offer to agents?

ednut1:
they are part of the reasons nigeria is backward. Imagine a parent stopping remi tinubu,fashola or amosuns wives from marrying them where dem for dey now

Focusmind:
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.