₦airaland Forum

moneymanager:
Sell
https://nairametrics.com/2025/06/02/bad-loans-nigerian-listed-banks-incur-n3-77-trillion-in-loan-losses-since-2023-see-top-losers/

When you read the report you would see that comparatively on the average, the bad loans seemed to have reduced significantly in Q1 2025. I think Q2 would give us even more perspective but so far 2025 doesn’t seem that bad compared to 2024.

GboyegaD:
These guys are clowns. They take decisions without thinking through it. One person just have a thought and next thing is implementing it whether meaningful or otherwise.

Okay have you thought through it yourself?

Just30:
Ghana's cocoa production is the lowest it has ever been

But still one of your top exports and you are the second largest producer and exporter in the world.

vaxx:
your case is absurd , Zambia kwacha and Argentina pesos didn't improved despite suspending debt payment , why do you Ghana cedis supposed to improved when she did the same . Debt payment suspension doesn't address structural problem, it only gives breathing space . It is time bound. Nothing significant.

All indices indicate Ghana macro economic conditions to be in good condition .


From the president himelf addressing the Issue ...
https://www.youtube.com/watch?v=JYMQjjlfi5U?si=2Kz80MEpwn7DNPe3


Ghana new capital City...


https://www.youtube.com/watch?v=rROlr8yQxFw?si=LcE2jkKghXsawriT

Did Zambian and Argentine export increase significantly at thesame time? Gold is your biggest export.

Don’t you know how much gold prices also increased in the past 6 months? If copper prices increased significantly when Zambia paused debt servicing, of course their reserves would get boosted due to both factors happening together at thesame time. Why are you arguing this?

Cocoa also increased four to five fold in 2024/2025 and you are the world’s second largest producer.

So you paused your debt servicing and had two of your biggest exports increase in price by several folds, what then are you arguing?

vaxx:
very absurd. Gold is adding up yes ,but stating that pausing payment also contributed to a stronger cedis is flawed . I have given you Zambia , Argentina case as an example. Your currency cannot skyrocket to 42 percent high against the dollar if your reserved is not strong ( that is just more than enough than what payment pospontment can caused )

Ghana is busy expanding is Gold reserve ( Ghana currently owns the largest gold reserve in West Africa )coupled with increased imf support , the last trenched of the money borrowed will soon hit Ghana bank in the coming month, it will add up to the strength of the cedis again. Do you even know dollars falls in Ghana everyday ( two weeks consequtively now .


Anyway Ghana govt is spending , infact the spending might be more bigger the last regime , it is just that it is a prudent initiative.

Ghana is currently about building a new capital city . Accra has being reported congested and therefore Ghana need a new phase

I don’t know what you are arguing. Pausing payments in 2024 helped you accrue more into your reserves from 6 Billion USD in 2023 to 8 Billion USD in 2024.

Pausing payments gave you space and headroom to boost your reserves. Nothing difficult to comprehend there.

You were buying more gold in 2024, if you had to service debts which were no longer sustainable for Ghana, your FX reserves wouldn’t accrue that much or rise significantly. This is common sense.

Building a new capital city at this stage would be a white elephant project or would take decades. I doubt Ghanaian Government can do that at this stage and it would be ill advised. I doubt the IMF would allow that.

The Nigerian equities market in May 2025

☞ The momentum in the market sustained, with prices up by 6%.

☞ All the sectors bar the Oil & Gas and Power closed in green for the month. The sector has been marking back-to-back losses after initially feeding fat when the fuel subsidy was removed.

☞ The Agricultural sector did best, propped up by Presco. The Consumer Goods and Telco sectors also did very well, notching double-digit returns.

☞ The market is up 9% year-to-date. The USD-equivalent return is 11%, which is higher than the S&P 500's YTD return of 0.2%.

Copied.

Good one Fidelity Bank.

https://www.premiumtimesng.com/promoted/797898-fitch-upgrades-fidelity-banks-national-rating-to-anga-affirms-long-term-idr-at-b.html

chimex38:
@Bolded
Govt has heard your plea..
Say no more.

https://www.energyreforms.ng/publications/putting-every-barrel-to-work-nigeria-s-new-presidential-directive-on-cost-efficiency-/


Tax waivers for production efficiency.

Yeah, I saw this some hours ago. This is a strategy to ensure we get more from our crude oil production because Nigerian cost of production is the highest in the world at around $48 per barrel sometimes.
So we get little to nothing (especially offshore) at this time where crude oil prices are now $63 per barrel. The president is bringing out policies to help reduce the cost of production in the face of low crude oil prices.

KarlTom:
Comparison with "the world" is what turns me off especially when we fail to consider other metrics

We've lived through successive tenures who promise one change or the other but at the end of the day little or nothing changes.
Our natural and human resources are being 'wasted and pilfered' before our very eyes.

Let's advocate for [and institute] good leadership, we'll see that all these seemingly great issues will vanish...

The truth is that while great leadership is crucial especially the leadership that cuts wasteful spending, no Government can do much without increasing revenue consistently especially with our population growth.

If the Government doesn’t increase taxes, they would print massively or borrow massively. When they print massively, it is always beneficial short term but mid to long term the inflation and currency devaluation resulting from it takes more from the people eventually. When they borrow, the external debt servicing puts pressure on the currency mid to long term while domestic borrowing crowds out the private sector and hinders growth.

We can increase taxes but give incentives to manufacturers and those in the agric value chain. This is what the tax bill was proposing.

The only thing I have against this Government when it comes to this is that they self sabotage by some wasteful spending from time to time which is not good for the optics.

But they have been more deliberate in trying to solve our problem from the roots by increasing revenue.

Mpeace:
If so, then the borrowing should have slowed down now that the subsidy is gone but the reverse is the case.

We have to increase revenue tremendously for the borrowing to slow down. In my opinion, we should have increased VAT from 7.5% to 10% as proposed by tax reforms but law makers turned it down. Our VAT rate is one of the lowest in the world if not the lowest.

This Government has done more of domestic borrowing. In terms of external debts, they have only increased it by approximately 2 Billion USD to 45 Billion USD at the end of 2024 from 43 Billion USD in May 2023. It seems they are yet to access majority of those World Bank loans approved in 2024.

But, the optics is bad with some wasteful spending and the NASS keep padding budgets like they’ve always done since 1999.

pluto09:
MTN has done over 2b naira in just 5 minutes of trade....

Sign of a good day already.

Mpeace:
That was the official exchange rate

I know. CBN rate/Official rate, same thing. I am just saying companies would only quote the official rate. Whether or not that rate was increasingly becoming accessible or less accessible is another thing.

Streetinvestor2:
Why did you choose 750 and not present reality of 1600

I used 1600 to calculate May 2025.

Mpeace:
Lol. When Tinubu took over, the rate was 465/$ not 750.
See below our seplat dividend exchange rate at the time.
Even Tinubu knows that his regime has been terrible. He and Buhari should compete for the worse economy managers.

Because companies use the rate set by CBN but that rate was not real because even big businesses were struggling to get it at 465 which is the reason the backlogs continued to pile.

jonnysessy:
I really wouldn't have made any comment again. Because you have said it all and i quote "Let me talk like one of JAGABAN praise singers". So which just goes to to imply that you are just jiving and catching cruise. If you convert the so called gains made on NGX in dollar terms we are actually retrogressing. But, all the same we move. Any movement is a movement so far you are not stagnant.

In terms of total market cap, we have only retrogressed if we use the official exchange rate set by Emiefele’s crawling peg of 450 naira/USD as at May 2023.

NGX market cap (as at May 2023) - 28 trillion naira (62 Billion USD) using 450 naira/USD

NGX market cap (as at May 2025) - 70 trillion naira (43.75 Billion USD) using 1600 naira/ USD

However, if we use 750 naira/USD for May 2023, we have actually still gained in USD terms from 37.3 Billion USD in May 2023 to 43.75 Billion USD in May 2025.

Agbalowomeri:
In real dollar terms will show the reverse

In real dollar terms it is now slightly up if you use 750/$ as at May 2023.

NGX market cap as at May 2023 - 28 trillion naira (37.3 Billion USD)

NGX market cap as at May 2025 - 70 trillion naira (43.75 Billion USD).

vaxx:
so when Argentina paused her payment to her external creditors, did peso suddenly went up at 42 percent against the dollar? Infact Argentina case was a brutal mistake , they try pegging their dollar with the peso and it end up in a disaster .


Pausing debt payment does not improved economy fundamentals, sound economy does. Zambia is a case study.

Pausing debt payments plus record highs in gold prices does improve economic fundamentals.
Also, the new Government is yet to start spending aggressively in order to meet up with the IMF goals which were missed by the previous Government late last year.
It’s all four factors combined:

Record gold prices
Record cocoa prices
Slow Government spending comparatively
Paused external debt servicing

However, as long as inflation stays above 15% and your interest rate is high, the cedis would weaken again later in the year when the Government starts spending more.

rvp2018:
Its jumped 42% or more this year - so let see how it plays out. Aside from GOLD prices that are 30% high - nothing else justify such huge appreciation

They have paused most external debt servicing since 2024. That’s another crucial factor.
Nigeria on the contrary spent 2 Billion dollars on debt servicing in the first four months of this year coupled with tanked oil prices.

Just30:
MTN Ghana total asset value is s 4 billion dollars.

Nice.

Lagos - World’s fastest growing tech city in 2025. A fintech powerhouse.

https://nairametrics.com/2025/05/22/lagos-emerges-the-worlds-fastest-growing-tech-city-in-2025/

SohSoh:
me i don't understand what is really going on with Fidelity, they tried to explain, the court order few days ago, but i didn't understand it, my own is... are they going to pay the fine or not. #SohSoh

the link : https://nairametrics.com/2025/05/19/fidelity-bank-confirms-supreme-court-ruling-on-g-cappa-and-sagecom-computes-n14-billion-as-settlement/

I think they are going to pay but may not pay 225 Billion but 14 Billion or 30 Billion depending on what the court decides.
They would either use the exchange rate of 2005 when everything started or 2018 when the case was first taken to court.
Hopefully it is either of the two and not the 225 Billion which is due to devaluation over the years,

vaxx:
I do not need to attack you personally, I observed you are decorum with your choice of words therefore no need to attack your personality even if you fumble this time .

Straight to the point , there are many fintech payment in GH. From the likes of Ghanapay , zeepay, kowri , expreespay etc and many options I can't remember for now.. I am aware Ghana has about 200 company in the fintech landscape. Ranging from digital credit entities to remittances and transfer platforms.


Though based on volume of transactions , Nigeria might have a bigger edge but when it comes to success of the

What exactly are you saying? I am listing African unicorns in the Fintech space and you are telling me about Ghanapay and Zeepay? What da fvck.

theenchanter:
😂😂😂

It’s crazy 😊😆

vaxx:
MTn is not a monopoly in GH. They are other known contenders like telecel and airtel with strong customers base of about 45 percent market share or more . Though MTN Ghana has about 50 percent or more market share.

They are too many reasons mobile money payment is not successful in Nigeria like Ghana and Kenya , although there is a progress now but not as effective as that of GH and Kenya.

When it comes to fintech , give the Golden chain to GH and Kenya .

Lol. Your arguments are usually funny to me. You are the type that argues that white is black even when you see it clearly that it is white.
You are saying Ghana is a bigger fintech player than a country that hosts the likes of Flutterwave, Opay, Paga, Palmpay, Moniepoint, etc.
Only Kenyan Mpesa (which is a monopoly) can rub shoulders with any of these.
Stop smoking early in the morning 🤣

Just40:
Without Ghana, there would be no MTN. Don’t let anyone deceive you; even Ghana, with a smaller population in Africa, is one of the top two countries MTN generates its profits from. Let’s analyze the data from 2018 to 2022.

These are after Tax!

2018

Nigeria (NGN)₦145,685,901,000 ~$405 M (est.)≈14.0% (14.0%)
Ghana (GHS)GH₵754,676,000 ~$164 M (est.)≈18.0%
Top ranks: 1. Nigeria, 2. Ghana

2019

CountryProfit (Local)Profit (USD)Profit Margin
Nigeria (NGN)₦202,110,974,000 ~$561 M (est.)≈17.3%
Ghana (GHS)GH₵1,007,958,000

2020 (FY2020 profits)

CountryProfit (Local)Profit (USD)Profit Margin
Nigeria (NGN)₦205,210,974,000 ~$533 M (est.)≈15.2%
Ghana (GHS)GH₵1,394,895,000 ~$249 M (est.)≈23.3%
Top ranks: 1. Nigeria, 2. Ghana

2021 (FY2021 profits)

CountryProfit (Local)Profit (USD)Profit Margin
Nigeria (NGN)₦298,654,032,000 ~$728 M (est.)≈18.0%
Ghana (GHS)GH₵2,001,000,000 ~$339 M (est.)≈25.9%
Top ranks: 1. Nigeria, 2. Ghana

2022 (FY2022 profits)

CountryProfit (Local)Profit (USD)Profit Margin
Nigeria (NGN)₦358,892,894,000 ~$864 M (est.)≈17.8%
Ghana (GHS)GH₵2,856,000,000 ~$391 M (est.)≈28.8%
Top ranks: 1. Nigeria, 2. Ghana

(2023 data: MTN Nigeria posted a ₦137.0 bn loss (after tax) , so Ghana and other markets likely dominated profit in 2023.

So even though Nigeria gives MTN the highest total profit, Ghana gives them a much higher profit per user or citizen — about 3× more per capita.

This shows MTN earns significantly more per customer in Ghana, making Ghana its most efficient and high-yield market relative to population size. All thanks to these greedy leaders who they are in bed with them.

MTN is a monopoly in Ghana especially with the mobile payment there which worked. They couldn’t dominate with mobile payments in Nigeria amongst the middle class and rich because the middle class/ rich already had several fintech options. MTN have also been closely matched by Airtel and Glo all through their history in Nigeria and are now more closely marked by Airtel.

vaxx:
You are not abreast with fact. Ghana is the largest coconut producer in Africa . ( The major ingredient in most of your localized home or beauty cosmetics products. , the largest in West Africa when it comes to exporting of shear butter and yam. Also notable with plantain and cassava . The few I can remember for now .

When it comes to agriculture products, population and land size sometimes aren't a factor but technology ( Israel is a typical example of this fact) anyway I agree produce Large crops and legumes due to the large land size of fertiled land.

Ghana is not the largest producer of coconut in Africa, that is Tanzania. Nigeria is by far largest producer of Shea Butter and Yam. Nigeria has a huge market already for many things so we do not export as much plus of course bureaucracy.

For Shea Butter, Nigeria is the world’s largest producer and exporter (Ghana is not the largest exporter).

For yam especially, there was a decree by the Babangida military administration in 1989 banning the exports of Yam but Nigeria is by far the largest yam producer in the world.

Give me something similar or close to this list for Ghana in 2022.

“In 2022, Nigeria produced:
59.6 million tons of cassava (the largest producer in the world). Nigeria accounts for up to 20% of the world's cassava production, about 34 per cent of Africa's, and about 46% of West Africa's;[3]
47.5 million tons of yam (the largest producer in the world);[35]
3.3 million tons of taro (the largest producer in the world);[36]
2.6 million tons of cowpea (the largest producer in the world);[37]
6.8 million tons of sorghum (the largest producer in the world);[38][39]
2 million tons of okra (2nd largest producer in the world, second only to India);[40]
2.8 million tons of peanut (3rd largest producer in the world, second only to China and India);
4 million tons of sweet potato (3rd largest producer in the world, second only to China and Malawi);
369 thousand tons of ginger (3rd largest producer in the world, losing only to India and China);
2.2 million tons of millet (4th largest producer in the world, second only to India, Niger, and Sudan);
7.8 million tons of palm oil (4th largest producer in the world, second only to Indonesia, Malaysia, and Thailand);
572 thousand tons of sesame seed (4th largest producer in the world, losing only to Sudan, Myanmar, and India);
332 thousand tons of cocoa (4th largest producer in the world, second only to Ivory Coast, Ghana, and Indonesia);
3 million tons of plantain (5th largest producer in the world);
833 thousand tons of papaya (6th largest producer in the world);
1.6 million tons of pineapple (7th largest producer in the world);
3.9 million tons of tomato (11th largest producer in the world);
6.8 million tons of rice (one of the largest producers of rice in Africa,[3] 14th largest producer in the world);
10.1 million tons of maize (14th largest producer in the world);
7.5 million tons of vegetables;
1.4 million tons of sugarcane;
1.3 million tons of potato;
949 thousand tons of mango (including mangosteen and guava);
938 thousand tons of onion;
758 thousand tons of soy;
747 thousand tons of green pepper;
585 thousand tons of egusi;
263 thousand tons of sheanut;
150 thousand tons of coconut.
In addition to smaller productions of other agricultural products,[41] Nigeria produced about 2.2 million metric tons of fish in 2008”

vaxx:
There are many cooking oil sizes in Ghana too.but people will likely buy the bigger option if there is enough financial capacity Mr man, there is nothing Nigeria produces that Ghana is not also doing, even cote d'voire also produce nearly every similar items that is locally produced in Nigeria and Ghana. Gone are the days where industrialization is for only one particular country . It cut across many West African states now.

Goods and service in Nigeria aren't cheaper than Ghana , it only appears so because of the current weak Nigeria purchasing power. Take a look at internet and communication. It is way cheaper to call Nigeria from Ghana than vice versa, more cheaper options to browse and surf the Internet too. That is what everybody can literally relate too easily .

Nigeria economic can indeed crashed if it directly affect crude oil income and production ( A year is enough ).

Apart from Cocoa (which Ghana is second largest producer of), tell me anything else (in agriculture) Ghana produces the most in Subsaharan Africa or West Africa.

Nigeria and expectedly so is one of the biggest producer of almost every agricultural product you can think of from palm oil to rice to tomatoes to Ginger to sesame to maize, soybean, onions, etc. Nigeria is always either largest producer or at least one of the largest.

This is not the case with Ghana, Ivorycoast or West Africa in general and this is understandable because of your smaller populations.

Just40:
A list of the 2400 beggars who were repatriated to their home countries.

We are literally feeding you guys and you still come up here to make noise. Some of you run away from properties you stay in without paying accumulated months of rent owe.

138 Nigerians as a proportion of the Nigerian population is very small actually. Just disband them. We have hundreds of thousands of people from Niger Republic all over Nigeria begging. From the North to the South.
Makoko our biggest slum is filled with people from Benin republic and Togo.

zendi:
The rich also cry.

Big man big trouble.

The bigger the head, the bigger the headache.

This story doesn’t look real though. Sahara reporters and People Gazette for the most part are mostly all about political propaganda.

Saddamochieng00:
Another thing's that's often overlooked is that foreign firms 9 times out of ten will pay a higher price for produce compared to their local counterparts. So why should a farmer go through all the hassle of navigating middlemen when there's a bigger and more stable market willing to pay more for his goods?

Africa despite being the second most populous continent doesn’t consume much due to lack of or low availability of a standard credit system (amongst other factors).
South Africa has a standard database like that of Europe, Asia, and America hence they have the credit system in place (amongst other things) to help them consume more than any other country in Africa (in terms of value derived from the consumption). In terms of quantity however, Nigeria of course consumes the most being at least 3 times the size of South Africa.

Omihanifa:
The hausa man that bought it doesn't have the capital to rub the business.

Same thing also happened to NTEL

Telco is very capital intensive. Even Mike Adenuga struggled at some point and had to even leave Ghana.