₦airaland Forum

Jonraid:
4 or 5 times actually.You are at 197 million,that's easily 200 million people.We are at 46 million people which we keep it at 50 million people.That population of yours is a ticking time bomb!


http://www.worldometers.info/world-population/nigeria-population/

Based on this source, Kenya's population is 51m. Still 3 - 4 times lesser.

rvp2018:
Slighly behind - and yet we are talking about 50M market - compared to 200M market. You claim to have bigger GDP than South Africa whose banking assets alone are nearly 370B. You are competing 2017 WITH Kenya 50B(possible) versus 95B. You should be competing with Egypt and South Africa - but here is Kenya slowly nipping your heels.

Liar. Your banking assets is just 39b dollars.

That is just three times lesser than Nigeria's bank assets.

Besides, does assets determine the GDP of a country?

rvp20182:
No you haven't. To be better than Kenya in anything - you need to be like 4 times better! Ghana - maybe 5 or 6 times! - you're a country of 198M people - we are 49M!!!!!.

You've shown us to be at best twice or less Kenya in scale/volume - but less sophistication - in name any metrics. That is NOT being better than Kenya - that is being TWICE WORSE.

You guys really need to prioritize QUALITY EDUCATION SYSTEM. We are now on our 3rd overhaul of our BEST IN AFRICA education - so we produce PEOPLE WHO CAN THINK AND MAKE SOUND ARGUMENTS.Reading Nairaland is depressing.

Our population is 190m. That is just 3 half times bigger than Kenya. Stop adding figures.

We have shown to be three times/4 times/ 5 times better than Kenya in some parts of the Service sector. You can keep deceiving yourself.

rvp20182:
If you factor per capita yes and the fact that Nigerian bank sector is forced consolidation (Igbo lady) then another yes - We have 45 banks. Let not talk about co-operative and micro-finance sector that dwarf Nigeria. Lets not even talk about mobile money - which now easily see 45B dollars (half our GDP) moved btw phones.

Our finance sector is just more sophisticated and even in scale - they are going to overtake Nigeria soon.

Thank God you have agreed that you are still behind Nigeria in the financial industry. Next!

darfay:
As far the headquarters is in Lagos paying tax from monies remitted from your country to our government

Hahahaha!

rvp20182:
This verbiage is devoid of any facts, evidence or data.On the contrary if you scroll these pages I have clearly shown you with emperical evidence that your GDP is cooked, your service sector way below kenya, and the only thing you got that we don't is OIL.

You remind me a lot about KaziKazi and TZ - generally scrapping the bottom of the barrel - with one or two pictures or link that they keep posting.

]1) Tourism. All you got is data from questionable source showing you've got 1.8m internation visitors maybe unless they counted diaspora Nigeria returning back. Kenya obviously well know tourist destination.We have 3 times the hotel bed you've got. We don't even bother count the number of lodges. There is really no point in debating this.

2) Our agricluture is more than flowers. We are world leading exporter of TEA - third leading exporter of flowers - among leading exporters of vegetables - world leading exporter of several nuts. We export best quality Coffee.

3) Banking. This probably only sector that you finally got right with reforms of the Igbo lady but you're still behind kenya. Our banks are some of most profitable - majority have operations in all East Africa countries including now DRC Congo.

Top 1000 global bankers has 3 of banks in there - you've got 5 banks!

As of 2016 our total banking assets were around 41B dollars - yours around 85B dollars. And yet you've 4 times our population. South Africa with genuine 350B dollar economy has more than 300B dollars in banking asset.


This regional footprint of our banks.

10 Kenyan banks, including the KCB, DTB, Bank of Africa and Equity Bank, operate in other countries in East Africa and South Sudan. Kenyan banks operate 140 branches in Uganda, 96 in Tanzania, 55 in Rwanda, 33 in South Sudan and 9 in Burundi. The biggest cross-border banks are the KCB and DTB with 64 regional branches each. Others include, I&M Bank, with a 50% shareholding in Bank One Mauritius; Prime Bank, with a 22.5% share in First Merchant Bank of Malawi; and Equity Bank, which acquired a subsidiary in Democratic Republic of Congo.

Is United Nation World tourism Organisations a questionable source?

Now, I know you have no regards for Authority.

ChimaAdeoye:
YOU ARE A BLOODY BASTERD!

Who told you I'm Igbo, if not your warped tribalistic Nigerian mindset that think anyone that begs to differ isn't from your tribe?

Where did i mention YORUBA in my entire post? IS AFONJA SAME AS YORUBA?

Bloody Nigerians preaching against tribalism,yet their dark fickle minds are full of hate. I have googled all Statistics posted by the Kenyans here. See how Kenyans are dishing verifiable statistics here, all you are thinking about is your hatred for Igbo- and posting fake unverifiable trash for Nigeria?

Which facts are they posting?

rvp20182:
This verbiage is devoid of any facts, evidence or data.On the contrary if you scroll these pages I have clearly shown you with emperical evidence that your GDP is cooked, your service sector way below kenya, and the only thing you got that we don't is OIL.

You remind me a lot about KaziKazi and TZ - generally scrapping the bottom of the barrel - with one or two pictures or link that they keep posting.

1) Tourism. All you got is data from questionable source showing you've got 1.8m internation visitors; maybe unless they counted diaspora Nigeria returning back. Kenya obviously well know tourist destination.We have 3 times the hotel bed you've got. We don't even bother count the number of lodges. There is really no point in debating this.

2) Our agricluture is more than flowers. We are world leading exporter of TEA - third leading exporter of flowers - among leading exporters of vegetables - world leading exporter of several nuts. We export best quality Coffee.

3) Banking. This probably only sector that you finally got right with reforms of the Igbo lady but you're still behind kenya. Our banks are some of most profitable - majority have operations in all East Africa countries including now DRC Congo.

Top 1000 global bankers has 3 of banks in there - you've got 5 banks!

As of 2016 our total banking assets were around 41B dollars - yours around 85B dollars. And yet you've 4 times our population. South Africa with genuine 350B dollar economy has more than 300B dollars in banking asset.


This regional footprint of our banks.

10 Kenyan banks, including the KCB, DTB, Bank of Africa and Equity Bank, operate in other countries in East Africa and South Sudan. Kenyan banks operate 140 branches in Uganda, 96 in Tanzania, 55 in Rwanda, 33 in South Sudan and 9 in Burundi. The biggest cross-border banks are the KCB and DTB with 64 regional branches each. Others include, I&M Bank, with a 50% shareholding in Bank One Mauritius; Prime Bank, with a 22.5% share in First Merchant Bank of Malawi; and Equity Bank, which acquired a subsidiary in Democratic Republic of Congo.

That's why your banks are still local champions.

They don't have brand value because none of them are listed in the top 500 banking brand in the world neither among the top 50 countries in the world in this category.

But Nigeria has 5 banks and was rated 42 best banking brand in the world. See snapshot 1 &2.

Who dash Kenya?

rvp20182:
This verbiage is devoid of any facts, evidence or data.On the contrary if you scroll these pages I have clearly shown you with emperical evidence that your GDP is cooked, your service sector way below kenya, and the only thing you got that we don't is OIL.

You remind me a lot about KaziKazi and TZ - generally scrapping the bottom of the barrel - with one or two pictures or link that they keep posting.

1) Tourism. All you got is data from questionable source showing you've got 1.8m internation visitors; maybe unless they counted diaspora Nigeria returning back. Kenya obviously well know tourist destination.We have 3 times the hotel bed you've got. We don't even bother count the number of lodges. There is really no point in debating this.

2) Our agricluture is more than flowers. We are world leading exporter of TEA - third leading exporter of flowers - among leading exporters of vegetables - world leading exporter of several nuts. We export best quality Coffee.

[b]3) Banking. This probably only sector that you finally got right with reforms of the Igbo lady but you're still behind kenya. Our banks are some of most profitable - majority have operations in all East Africa countries including now DRC Congo.

Top 1000 global bankers has 3 of banks in there - you've got 5 banks!

As of 2016 our total banking assets were around 41B dollars - yours around 85B dollars. And yet you've 4 times our population. South Africa with genuine 350B dollar economy has more than 300B dollars in banking asset.


This regional footprint of our banks.

10 Kenyan banks, including the KCB, DTB, Bank of Africa and Equity Bank, operate in other countries in East Africa and South Sudan. Kenyan banks operate 140 branches in Uganda, 96 in Tanzania, 55 in Rwanda, 33 in South Sudan and 9 in Burundi. The biggest cross-border banks are the KCB and DTB with 64 regional branches each. Others include, I&M Bank, with a 50% shareholding in Bank One Mauritius; Prime Bank, with a 22.5% share in First Merchant Bank of Malawi; and Equity Bank, which acquired a subsidiary in Democratic Republic of Congo.[/quote]1. Nigeria Banks leads in the most profitable banks in Africa. We dominated the top 5. Kenya's banks are below the pecking order. (see snapshot 1 &2)

2. Lying Kenyan, Only two Kenyan banks made the top 1000 global banks in the world and they were below Nigerian banks. See snapshot 3 &4.

I am not done yet.

kikuyu1:
I'm assuming you don't know the difference between revenue and profit.


Make sense of this if you can!


https://businesstoday.co.ke/safaricom-2018-profit-hits-sh55billion/

I know. It was just a mixup. I have corrected it.

rvp20182:
Not everyone is liar like you're accosted to in Nigeria. Go back and read again what I wrote. this time slowly. I told Safaricom annual revenues 2017 was 2.2B. I also told you the 1st HALF OF 2018 Safaricom already had 7% increase in revenue and extrapolated/predicted that this year it will end at 2.5B dollars.

I also did the same for MTN - your dominant player - and concluded the sector annual revenue for telcoms will roughly be 4B dollars in Kenya - against Nigeria 8.5B.

And profitability wise - I am betting kenya telcom sector is most likely more profitable.

Lying master. Safaricom revenue was Ksh212.9b in 2017 which is just 2b dollars. And it was 71% of the total revenue of all the telecom companies in Kenya.

How can Kenya's telecom industry make 4b dollars after fact proved Safaricom dominated the industry with 71%? Bloody liar.

Calculate the remaining 29% of telecom revenue in Kenya with of Safaricom 2b dollars, then add what you get with the $2b.

2b÷100×29= 580m. 2b+5m= $2.5b.

The total revenue of telecom industry in 2017 was $2.5b dollars.

Where did you get $4b dollars from in 2017? You wan steal am?

Dude, Kenya's telecom industry is competing with MTN Nigeria that only accounts for 36% of the total revenue of Nigeria's telecom industry. Bhuhahahaha.

MTN accounts only for 36% of the total revenue of telecom industry in Nigeria and they earned #870b naira revenue in 2017 which is approximately $2.4 billion dollars.

The remaining 74% will give you what? 5 times the revenue of telecom industry in the whole of Kenya. Bhuhahahaha.

rvp20182:
You're predictably an illeterate Nigerian who can't distinguish btw profit and revenues.I will respond to the banking nonsense in few hours with facts

My apologies.

Despite that, Safaricom 2017 revenue is not 2.5b dollars. Olodo rabata.

It's just Ksh212. 9b(see snapshot 1) which is just 2b dollars (see snapshot 2) and that accounts for 71% of all telecom revenue in Kenya. Bhuhahahaha.

Even Glo made 1.5b dollars revenue in 2017 and it is just 26% of revenue generated from telecom. Poor

rvp20182:
Before I get a computer..by 2016 our total banking assets were already 40b dollars..so by now we might already be at 50b dollars.Nigeria you got nothing.

Liar. Your total banking assets is not up to 25b dollars. Lying Kenyan.

I forgot to add olodo rabata.

darfay:
Please anytime you quote him start the convo with "olodo rabata". I would do the same that should be the dumbos new name

Hahahaha! The guy na real olodo rabata. I no go lie.

darfay:
rvp20182 your lying black nyansh has been exposed. What a shame

Hahahaha!

darfay:
That mumu rvp20182 has recalculated Nigerian GDP like 5x already. I hear he is going to submit the 6th one to IMF for verification

Does the olodo rabata knows how to calculate GDP?

I want to finish him after I am done with the Service sector comparison btw Nigeria and Kenya. By the time I am done, he will realise Kenya's service sector that generates 64% to their GDP is just 5 times lesser than Nigeria's service economy.


We are still at number 6, yet Kenya is not able to equal one.

TayserMahiri:
I asked you a question about which of your betting firms is bigger than SportPesa and you went MIA. You like parroting superficial items and you screenshot them to give an impression.

I have shown you a reliable source that rated 3 Nigeria's betting sites highly than SportPesa. What else do you want?

darfay:
So our Glo is bigger than the entire Telecom sector in Kenya before you even add 9mobile,airtel and mtn

Before nko?

The guy na learner. I will school him here.

Make una just dey help me chip in some verifiable facts too with reliable source.

darfay:
That guy is a shameless liar. Just imagine one of them said jumia is headquartered in Dubai
They are very bitter lots who manufacturer useless stats from their black nyansh. Please research everything they say before accepting

Hahahaha hahahaha hahahaha! You wan kill me with laugh. Black nyansh! Hahahaha!

That's true. I was believing that guy until I noticed he has no regards for verifiable source.

Dude just dey lie anyhow. Trust me, I will double check everything he writes here.

You should have shown him this.

rvp20182:
Now you vaunted MTN Nigeria (who dominated your telcom sector) first half results indicated they had total revenue of 1.6B (21 billion rands/N567B) - from 55M users - Safaricom with nearly half it's customers had 1.2B.

You can add total revenue from GlobalCom & Airtel - and Nigeria would struggle to get 8B dollars.

As you can see population is nothing.

1. MTN shares in Nigeria Telecommunication industry is just 36%(see snapshot 1)

2. MTN 2017 revenue was not N578b(21 billion Rand), it was N870b (31.97 billion Rand) which is equivalent to $2.4 billion dollars. See snapshot 2

3. Safaricom revenue didn't get to half of this. Stop lying.

4. Since, MTN N870b amount to 36% of market value of telecom industry in Nigeria, what will the remaining 64% give you?

5. Nigeria revenue from telecom industry already surpassed $8b dollars. Nigeria made almost 10b dollars in 2014. see snapshot 3.

See the Sh45.1 billion and Sh77b conversation in dollars. Bhuhahahaha!

Telecom industry revenue of the whole Kenya in 2017 is not up to Global com revenue of $1.5b in 2017. Bhuhahahaha!

darfay:
That idiot is notorious for saying rubbish

He is a bloody liar. He thinks himself a reliable source.

rvp20182:
When you find an industry outside oil & entertainment where you beat Kenya by four times - then come and shout. When it comes to services - I have shown you with data that Nigeria at best is equal or twice Kenya - thanks to it's sheer population - it cannot be more that. Generally Kenya has more sophisticated & mature services sectors....that is only second to South Africa in Sub-Sahara.

I know this is beyond your paygrade but let's go slowly.

1) Telcom - in 2018 I estimated Nigeria will end the year with total sector revenue of 8.5B - and Kenya 4B. You obviously think our telcom sector is just Safaricom & Airtel only - we've got Telkom & FinServe & other small operators. Safaricom control roughly 30M subscribers- and the rest share 15M. Safaricom last year had annual revenues of 2.2B dollars..and already in 2018 first half they've hit 1.2B (7%) increase..so expect Safaricom alone to hit 2.5B dollars. The rest who control 15M subscribers will add another 1.5B in revenues.

1. Safaricom didn't make $2.2b dollars revenue in 2017 which was last year. Instead, Safaricom made Sh45.1b revenue last year(see the first snapshot). It is not even up to 1b dollars after I converted it.

This accounts to 71% of total amount of revenue made by all the telecom in the whole of Kenya in 2017. (See snapshot 2 )

Since, Sh45.1b account for 71% of revenue of all the telecom in Kenya, the remaining 28% will amount to Sh32b Shilling. Approximately, Sh77.1b shilling was the total revenue of telecom industry in Kenya. Now convert that to dollars, you will get $748,440,000 thousand dollars only. That is not even half of Global com revenue of $1.5 billion dollars annually. Bhuhahahaha

This year, Safaricom revenue is just Sh55.3b (snapshot 3). . Where did Safaricom make $2.2b? Liar.

68816419:
thanks man, kenya should never be compared with Nigeria at first, who compares an elephant with a cat,?

Hahahaha! Chai! NA real pussycat.

kikuyu1:
Every time I see some posts I'm like,"really ,nigga -seriously!" The difference is only 2.5x,which when adjusted for your 4x pop means we're way better off than you in this regard-like everything else meaningful!!

That report was 2017. It has doubled this year.

It remains 4 - 5 times. So, stop hidding behind population.

darfay:
Banking asset in Nigeria is worth #34 trillion naira(about $100billion) as against the lousy rubbish($40billion) posted by that slowpoke called rvp20182. This alone is 5x more than Kenya. Little wonder our banks are all over Kenya

Cc forgiveness,rvp20182,tlann

https://www.vanguardngr.com/2018/02/banks-assets-hit-n34-6trn-2017/

You made my work easy. Thanks

Actually, I have calculated all the assets of Nigeria's banks and Kenya's bank one by one until I discovered two Nigeria's banks assets is greater than all 42 commercial banks in Kenya with change remaining.

It has even surpassed #34 trillion Naira because Guarantee trust Bank and First Bank plc current asssets are #11.77 trillion and #21.3 trillion respectively as at September 2018.

So it's over $100b dollars against their 20 - 25 b dollars.

That guy is a serial liar.

KCB and Equity bank have the biggest assets among the Kenya's bank. Their assets is just $3.3 billion dollars each. Bhuhahahaha

That is not even up to First Bank asset. Bhuhahahaha


https://www.google.com.ng/url?sa=t&source=web&rct=j&url=http://www.informationng.com/2018/08/top-10-best-banks-in-nigeria-and-their-worth-2018-latest-ranking-list.html/amp&ved=2ahUKEwjS9prV297eAhUCSsAKHQhzCl0QFjAAegQIARAB&usg=AOvVaw0KfrGTFC80ZoWA5gcFcgLh&ampcf=1

mtisTheQubit:
Ya out

What is TINA magazine? Bhuhahahaha! Inconsequential.

TayserMahiri:
You forgot to trim this part from your screenshot,

Kenya is a truism of the saying "Ideas rule the world".

Is doesn't change the fact that Nigeria's information technology market value is times 4 of that of Kenya.

rvp20182:
Don't manufacture stats.The best I can find is some Nigeria News claiming 2b dollars revenues however the reputable PWC in 2016 places Nigeria far behind Kenya and South Africa.

Where did you get your $1.5b dollars revenue claim from? From your anus I guess. Bhuhahahaha!

This is 2018 not 2016.

Nigeria already made billions in 2017.

gallivant:
Yes, the results are there for everyone to see. You are also the poverty capital. Poor souls.

Cry cry baby!

mtisTheQubit:
Summarize it for us forgiveness. It kinda too long..

Nigeria is the king of Gambling industry in Africa.

rvp20182:
Top based on what.Youre just horrible logic wise.SportPesa is global and lead in Africa by far based on revenues and earnings.Sportpesa annual revenues are more than 1B dollars.That is why it sponsoring so many leagues..including being main sponsor of Everton and Hull city..and has deal with Arsenal.Thisthe power of mobile money.Just watch kenya the next decade as we write the next chapter of financial innovation.

OnlineBettingCodes.co.uk is a guide dedicated to online betting.

They aim to help players in choosing the best bookmakers for their needs.

This is not from one yeye lying Kenyan.

Besides, the compiled the list of the best online betting sites in the UK and BET365 came top?

Can you argue against this known fact?

If you say SportPesa revenue is $1b then Nigeria's gambling market value is 4 times of Kenya's gambling industry because $4.2b was the annual revenue of only the online betting sites in Nigeria.

That is why one of the betting sites could afford to buy a whole clubside in Portugal, sponsor Nigeria female league and Nigeria national league. Just one.


In Gambling industry, Nigeria is far ahead of Kenya even international onlinebetting site said so.