₦airaland Forum

Willyfilly:
Just quit and join politics already, this lack of professionalism has crept into the military, just imagine a serving military general speaking on the media in favor of a political party. It's there no code of conduct in the military or is this a metamorphosis into another police force? What is there left to trust in the system?

mikeapollo:
Other companies have also left.......https://nairametrics.com/2026/09/04/7-global-companies-that-have-pulled-back-from-nigeria-under-tinubu/
Were they also ''not nimble enough to operate effectively in this kind of business environment''?
God help us oo. We need these companies to come back. Guys need jobs

mikeapollo:
You are probably right.
But human beings everywhere prefer cheaper things. It is a basic economic principle.
For instance, Chinese products have been able to penetrate the US and European markets because they are cheaper, and the people went for them because of the affordability.

Sermwell:
Davido is mad jare!! Why did he feel attacked by a simple post by Errigga? Anyone who knows Erigga knows that he posts motivational quotes on his page all the time! That useless reaction from Davido was just needless!

kayswag100:
As expected (but good gesture nevertheless)

RCCG is the religious arm of APC.

Infant, in my current church, APC volunteered their office for us to use as car park

KarlTom:
I'm curious to know if your moniker is also aligned with your divine purpose...

2special:
Try to be one of the Elite, the elites doesn't have two heads.

mikeapollo:
Never.
But the rate and tendency for companies to close shop is higher and more prevalent in bad or deteriorating economic environment than during stable or improving economic environment.

It's like this:
People die. But more people die during periods of wars, natural disasters, epidemics, pandemics etc.
And more people are born during periods of peace, economic bouyance, fortunes, etc.

What happened during Udoji Awards in the 1975-76 is a typical example.

tayejay:
On the contrary, he may push financial investment from Seplat to UBA, just as First Bank is benefiting from Dangote Refinery.

mikeapollo:
When an economy is doing badly with each passing year, it has cascading, cumulating effect which makes things more difficult as years go by.
Similar when an economy is improving, it produces effects that make things better as years go by.

The UK has been in bad shape for sometime now.
Whether Moniepoint exited UK because of poor business model or not, it does not erase the fact that a bad or worsening economy would make things more difficult for even companies with hitherto ''good'' business models. That was the point of reference in Uber leaving Nigeria

LZAA:
Oh my goodness
Alright prior to their current moves that would be 8
Now check well why is still operational in countries in excellent economies and government policies
Oh wait it's rocket science over here

LZAA:
Maybe i am because once businesses take massive losses unless you do like Enron in 2001 and lie that business will die
It's that simple
If I follow your logic then Shoprite left Nigeria because of Spar

LZAA:
The African countries are 3 in number
Take it easy with the half truths

nairalanda1:
Yeah

BUt the thing for me is, why aren't we doing more of manufacturing for export. Why are we looking for companies that sell fake life for us?

LZAA:
Bolt didn't capture "anything "
In any walk of life once your losses outdo your profits that venture is doomed
Keep in mind that they also operate in other African countries

nairalanda1:
Bolt and indrive are around
Shoprite has been replaced with Marketsquare
Procter and gamble and Unilever have several replacements and alternatives, both local and foreign

So, what's are you saying again

Saint99:
This transport model is not yet attracting to Nigerians due to low purchasing power. How many are even transporting via UBER? They would rather go with the tried and tested Molue, Keke and Okada, leaving only a minute margin for UBER.

iwaeda:
Job loss to e-hailing drivers. Nothing can survive Tinubu’s economy.

DeLaRue:
People just don't understand that we are all already benefitting in a less visible way.

They don't want to know that without the improving economic growth, naira's value would be lower. That in turn would have made everything even more expensive. That's exactly what will happen if any government goes back to paying subsidy.

No subsidy is tough. But bringing back subsidy will be worse as the value of the naira will collapse.

Of what value will subsidy be if a loaf of bread start selling for N4,000 or rice for N150,000?

Judolisco:
There's a sugar company in this place in the 80's.... I'm not sure if it's still functioning.... Tinubu dey really work on roads.... Truth be told

Blunt99:
Atiku just saying what people wants to hear.

Playing to the gallery.

He is a fraud

BestSense:
Paper growth without any impact on its people

AWONEYAN:
Irony of life.

The son of a meat seller eating bones

Reference:
For the growth figures to really impact lives, inflation has to ease significantly. In very basic, elementary theory plus 4.5 minus 15 leaves a deficit of 20.5 percent.

In effect Nigerians are getting poorer in real terms by 10 percent this year. If your salary or productivity does not exceed this on a regular basis you will be worse off by December compared to the start of the year .

MightySparrow:
I don't fully understand all these technical terms but I believe Nigeria is getting it right under president Tinubu.

Itzlinda:
They only assemble. They do nothing. They add no value whatsoever but still kudos to them.

They know how to make money

LordLicifer:
Very ugeeeeleee creature

mikeapollo:
Yes, it is true the market can always swing.
But every stock market reacts to news and events that affect sectors or industries in the economy. So one can explain(even if not perfectly) some momentary trends in the market (e.g. general fall/rise in prices), based on those events.
The problem is that we might not be fully abreast of the issues or events.

Some time in Nov/Dec 2025, the issue of CGT caused share prices to drop, until when the former Finance Minster re-assured stakeholders.

Most times, we know what makes prices to rise, but not what makes them to fall, except in exceptional cases e.g. Covid, global financial crises etc.