₦airaland Forum

Are mergers the next big thing? There has been a lot of talk about NIC and CBA merger if I'm not wrong. Should we embrace merging of Kenya's small banks and even look to enforce it through policy laws?

rvp2018:
Okay let clear this some basics first.
1) Banking assets - we are looking at in-country data has compiled by Nigeria and Kenya central banks. GT Bank Kenya bank assets will be under Kenya - not under Nigeria.

You need to ask Central Bankers why they analyze banking sector assets amongst other metrics.

2) Pretty good indicator - doesn't mean the only indicator - but trust me - the bank strength or arsenal is it's assets. Even if you banks had the best intentions, everyone had a bank account, and name all the other indicators - all that will come to cropper without strong balance sheet to lend or invest the money.

3) You're only arguing because Nigeria banking assets clearly exposes your over-cooked economy. You see South Africa has 370B banking assets. Nigeria which claim to be bigger has 100B. Kenya has 40B. That is all the argument is all about.

4) Population is factored everywhere we are talking about human activities. How would we not factor that?

Long story short - Kenya beat Nigeria in banking sector - you look for any other indicators - including Financial Access - and you'll not argue.

And this is one of the sector Nigeria is doing good after the reforms(forced mergers & acquisition) of 2000s.

Choose a metric of your liking and prove that Nigeria has the best banking sector. What of metrics like a banks adaptivity to technology talking of new trends like mobile banking fusion with the traditional banking system.Sophistication is something that Nigeria hasn't masterd yet. Your banking is more traditional and mainly relies on its larger customer base as its main pillar. Without creativity,Kenyan banks would be long dead with them being in a country that is the world's leader in mobile money and banking (we move tens of billions of US dollars through mobile money)and which also potentially has Africa's largest SACCO movement. The Kenya's financial sector is so sophisticated that every player needs to be on toes to get the market pie.With the quick growth of mobile money and SACCOs,I thought Kenyan banks will be edged out,I was wrong! The banks have been resilient even through the rate capping move by the CBK. Do you think that the Nigeria's financial system enjoys such sophistication that would threaten their banks out of business? A simple case like the state of your insurance industry would tell much about your financial sector and the gaps that need to be filled!

Ibrahimanis:
It's not a pretty good indicator because there are loopholes in it.

1. If it's a good indicator, why is it not use by economists around the world, because this is the first time I am hearing of it.

2. Not all Bank Assets are in a single country. For example, GT Bank is present in Kenya, Uganda, Rwanda, Gambia, Ghana e.t.c UBA in 20 African countries including Kenya, Ghana, e.t.c. Firstbank, Access Bank all have their assets spread across many countries. How do their assets in those countries serve Nigeria?

3. (I might be wrong on this though because I couldn't find the total Bank assets of Indonesia) but from indications, Indonesia has a superior Bank assets than SA, but SA leads in ratio to population. Will you say SA banking is superior to Indonesia's?

4. Going by your logic, we also have to factor in the number of customers (population) of a particular Bank (country) to determine how superior they are because banks only invest in (lend to) their customers.

5. Your argument is simplistic because it does not matter how big the assets of a banks in a country is if the masses can not access the money. And to determine how masses can access the money, you factor in borrowing power of customers, lending power of banks e.t.c.

6. And to determine the borrowing power of customers, you factor in minimum wage, income, expenses e.t.c at the end of the you have a very skewed result.

7. Banking depth, Banking transparency and regulation, Capacity of local investors, Macroeconomic opportunity and Enforceability e.t.c are the metrics mostly considered when measuring which banking sector is better while Bank assets is the only metric use to determine which banking sector is bigger/larger.

7. I genuinely enjoy our arguments, if you are no longer interested in this discussion, just say so, we'll go our separate ways, no need for the insults.

Hold on,so darfay is a university student? I can imagine what his research essays would read like!

TayserMahiri:
makes sense for a naija uni

Cherry-pick those buildings and we will tell you the owners!

samsobo24:
Lies from hell

cc nowenuse
obadeeremi
Frudstapresident
iwantslavesgone
forgiveness


Now show me with pictures ,the whites one time entirely controlled your CBD.

Your bildings are owned by either Indians,Chinese, Lebanese, Europeans, somalis.

I've called on the warriors to come and attack you

The CBD is mainly compounded with various governments offices and state banks buildings! What buildings in the CBD are owned by whites? It seems you have the data that we don't have!

samsobo24:
kiss the truth man.

OK

Now tell me that blacks (aboriginal kenyans)have 10% of cbd buildings.

The Whites,the Whites,the Whites

That has become the chorus for ages!

samsobo24:
Are you freaking kidding me

what the hell are you saying


The whites are running virtually every sphere of your life and you are pleased with it.


Kenya Airways isn't even 70% owned by you.


I would take you serious if you tell me that 10% of Nairobi CBD buildings are owned by blacks.

If your top brands are 30% owned by aboriginal Kenyans.



Later you pretend by saying which whites

Store this pics incase I ask you to repost them!

mtisTheQubit:

At 197 million people, this figure is easily put at 200m. The three milion is not that so relevant. We Kenyans are currently projected to be at 50m. Next year,we will have a more solid figure when we carry out our census!

If profits and losses are rounded off,what of population?

A 496 million shilling loss can be translated as a half a billion shillings loss.

Here are the international airports in Kenya https://www.kenyatraveltips.com/airports-in-kenya/

forgiveness:
Please, list the international airports and their destinations.

Our country is not a country of 200m.

Only a fool and a Nigerian would expect you to build an airport inside a national park! Airstrips like this inside national parks are common.

forgiveness:
Yes! That is why they have this airport.

We have more than one international airport and we are not a country of 60m!

forgiveness:
What is 14m serving 200m?


We don't have one international airport like Kenya does.

We have 7 international airports. 4 are major airports.

Kenya has one international airport serving 60m people. Bhuhahahaha!

Eldoret International airport is strictly for cargo.

And that is Kitale Airstrip not Kitale Airport,can you show us pictures of Nigeria's airstrips?

darfay:
With this rubbish airports? I doubt it


Kitale airport


Eldoret international airport


Malindi international airport/not as shameful as the rest

Nice answer!

forgiveness:
Arik air did that before they suspended it. They will resume next year.

Our national government budget was 30b as reported through the media.Can you prove that Nigeria's budget is 120 b as you've said that it's four times more than ours? Your 2019 budget alone won't be more than 8.6 trillion Naira!

forgiveness:
Who cooked up your GDP? I know your government lied to you and I can see you are one master of liars.

First of all, you lied with figure of Nigeria's GDP by reducing it and you also lied by inflating Kenya's GDP. liar. Lying can't change your low level status.

Lastly, our budget is 4 times of that of Kenya. We have given you verifiable facts to that effect. Whether you believe or not is not anyone's cup of coffee. Bhuhahahaha.

The so called leaked report was fake.We already discussed this.The Auditor General quickly dismissed it!

naijalander:
This is 2 days ago, try again.
https://www.nation.co.ke/news/Chinese-may-take-Mombasa-Port--Ouko/1056-4902162-xfphu7z/index.html

We are so rich in references,we will give out a thousand plus one sources so as to butress our points.Nigerians can only rely much from Yemi Kale the fraud!

rvp2018:
Doesn't matter. Kenya is doing so well in air travel. The domestic air travel is Africa fastest growing - growing at 20% annually.
https://qz.com/africa/1059396/kenyas-capital-nairobi-has-recorded-the-highest-domestic-air-travel-in-africa/
https://cms.qz.com/wp-content/uploads/2017/08/rtsj06w-e1503404183991.jpg?quality=75&strip=all&w=1600&h=902ttps://qz.com/africa/1059396/kenyas-capital-nairobi-has-recorded-the-highest-domestic-air-travel-in-africa/

Be assured someone played a trick,I didn't asking you anything! Nigerians can't be this desperate!

rvp2018:
It wikipedia - not reliable. But Nairobi's JKIA long overtook Lagos MMA.

...

rvp2018:
Keep googling. JKIA carries more than 7M passengers. Don't even go to CARGO - it probably Africa biggest cargo airport . JKIA is airpolis - Nigeria has small airports.
https://en.wikipedia.org/wiki/List_of_the_busiest_airports_in_Africa

They are not getting the per capita reality.Going by their 200m people population,their airports should be doing 30 million passengers per annum or more but they are here trying to compete with Kenya which is having 50 m people as its population figure.

kikuyu1:
You've forgotten! Our GDP per capita nominal is twice theirs, 2000 USD to max 1100.

Which Nigerian airline flies to USA?

obaaderemi:
Non stop since 1964!

Do you fly to USA ?

obaaderemi:
The yeye Nairobi airport just achieved Category One status this year. You need to see how this little achievement was celebrated with fanfare by the little Indians. Before then only 4 African countries had category 1 status, Nigeria, Ethiopia, cape Verde and South Africa.

These small towns are beautiful than most Nigerian Cities!

TayserMahiri:
Dawn views in random kenyan towns

Notice Turkana is more lit than both Abuja and Lagoon.

The iron sheets collection it is.

The Lazizi Premier beats the airport hotel you just showed.

forgiveness:
Go and ask your President, he concur to this well known facts. Kenya is too small.

Now, bush boy, it's called Curio collection by HILTON hotel.

Not that Indian unknown hotel around your airport.


Less I forget, show me the hotel and train in your airport.

One of the reason why visa was delayed for Kenyans entering SA is because of the illegal migration. I'm glad all this is sorted and Kenyans can now move into SA freely. We too have relaxed our visa policy for South Africans who visit Kenya! It's a win win for both countries!

rvp2018:
We actual do a lot helping South Africa address it immigration issues by jailing and deporting thousands of Ethiopeans and Somalis trying to make their way through Kenya. Most of them - now prefer to somehow find themselves in Uganda or any other country.

Look at these Ethiopeans being trafficked to South Africa - they were arrested in Nairobi - and we do that on nearly daily basis.
https://www.the-star.co.ke/sites/default/files/styles/new_full_content/public/1720076.jpg?itok=vbSFqSt7

50 people holed up in a safe house in Huruma

Says a Nigerian who looked for refuge in Mzansi because his country is a zoo!

Runalong333:
Shut your hungry mouth fool.

You surely beat us in having an iron sheet roofed hotel in your airport!

forgiveness:
Be deceiving yourselves. Nigeria is ahead of Kenya in Economy, Military, Science and technology, transportation, education, sports, music, entertainment, telecommunication, banking and finance, manufacturing, retails etcetera. Even your President dare not say what you are saying in public else he will mocked.

Any data you have?

Runalong333:
Who cares where they are coming from . South Africa is a big country. The many immigrants causing havoc here are hungry East Africans like Kenyans and Somalis with their Southern African counterparts. You should be ashamed of your lies. Nigerians here are very skilled not beggers and criminals like you lazy goats .

Obesity is actually a concern now for the Kenyan poor! If you are poor you are poor!

rvp2018:
So yellow eye is the marker for kenya-poverty. How are the nearly 70m nigeria described as poor look like. They look well-nourished, well dressed and bubbly I bet. What a crazy idiot.

If you can't decipher what I wrote, that makes you more dumber than what I thought! Kindly avoid my posts.

Runalong333:
So South Africa made it this far without knowing what they should be doing ? . Are you Kenyans this daft . Why do you think they made it to BRICS before us even with a smaller GDP and population?. If you were smart you would see that South Africa is the odd one out on that group, meaning they had to do a whole lot of work to bridge big gaps which includes having a big middle class population . Extremely poor list? By African standards both south Africa and Nigeria should not be on that list. I am not saying this to win the argument but this is a fact. Both countries have poor people, but like you said all countries differ in poverty. For instance poor Nigerians can't just starve without any war or insurgency . How can everyday Nigerians be poorer than Kenya, Somalia and Malawi . Not true. South Africa has their poor but they also have the most developed welfare system in Africa,not just for feeding the poor but giving them skills to feed. How can those people be worse off than most of Africa?.

They have done all the basics. What they are doing right now is to better the lives of their poorer section, better whatever needs to be improved and keep the momentum going on.It's not easy becoming a developed country. The South Americans are stuck, Mexico which boarders the US is still stuck. Making that transition to become a developed country requires a new wave of ideas and approaches to things. South Africa are in BRICS, they should not be thinking like the rest of us. We hope to be the K in the BRICS and make it BRICKS. This is meanwhile still a dream. But if you don't dare to dream, that makes you visionless!

forgiveness:
It is either South Africa is living in past glory or perhaps, the western propaganda against then because they lost power. I never can tell but I don't trust......

THE Federal Government, yesterday, lamented that the country ranked second amongst all nations in the world still practising open defecation . The Minister of Water Resources, Suleiman Adamu said this at the commissioning of Kamomi Aketi accelerated water scheme at Ayede Ogbese community in Akure, Ondo State.
Adamu said: “The country today still has significant challenges of access to adequate Water Supply, Sanitation and Hygiene, WASH.
“Recent statistics from WASH-NORM, National Outcome Routine Mapping, Survey indicate that about 67.9 % of our population have access to improved water supply from all sources while 41.5 % have access to basic sanitation facilities. “The consequences of lack of access to adequate water supply and sanitation are huge in terms of economic losses, high prevalence of water related diseases, reduced school enrolment and attendance, loss of dignity, more risks of insecurity and violence against women and children. “Governments at all levels need to work extra hard to put a stop to all these avoidable consequence in our dear country.” Earlier, Governor Rotimi Akeredolu said the scheme was part of the state government’s efforts to meet the Sustainable Development Goal, SDG, by 2030. Akeredolu said: “As part of our avowed commitment to improving the wellbeing of our people, our administration embarked upon a two-prong approach to revitalize Water Supply, Sanitation and Hygiene (WASH) in Ondo State with special focus on rural and urban water supply utilizing slightly different strategies. “We, therefore, came up with Kamomi Concept which has brought on board the ongoing rehabilitation of all non-functional boreholes.”
https://www.vanguardngr.com/2018/12/ open -defecation -
nigeria -ranked-second-in-the-world-fg/

Two out of three people in Lagos live in slums!


https://www.thecable.ng/two-three-people-lagos-live-slums

Two out of three people in Lagos live in slums!


https://www.thecable.ng/two-three-people-lagos-live-slums