₦airaland Forum

femarse:
This your submission is wrong in all ramifications

First, the youth are truly moving to opay , palmpay etc , but even if you like gather 10m youth and let them keep their change in opay and palm pay, it is not enough to stain the profit of commercial bank, your message and others like you is coming from the point of ignorance
Opay and the likes are microfinance bank and will remain so until they upgrade and start doing exactly what the commercial banks are doing which is opening of branches in all state of the federation
Not a single one of this Fintech can sustain the country , not one of them have the capacity to sustain the baking sector , the reason being that you really don't know the service commercial banks offer because the only thing you still do with the bank is to save your 20k there

When it comes to commercial transaction
Let start from cheques that will go to clearing that is paying gt cheque in zenith , you can only do that in commercial bank

Sending money from abroad nko ? Only commercial bank has routing number ....

When it comes to form A and form M , only commercial bank play in this field

APG account ? Only commercial banks play in this league

Les talk about real loans ,it took 5 Nigeria banks to finance dangote refinery , and not a cent of that money comes from any of the Fintech, that is the type of muscle they can pull anytime anyday , keep your money in opay, the commercial banks are not aware of it

All the state government always burrow money from the bank pending when federal allocation will drop , all the project they are doing are being financed by the commercial banks and then they get their payment directly from federal allocation, if state government wait for federal allocation to drop before they do anything , they will not do anything

All the fintech keeps all their money with commercial bank , are you aware such that the commercial banks use that money self for business at the expense of the Fintech

The oil sector which is the real deal why all this commercial banks turns in billions of profit annually is still very much in play , regardless of how battery is going to save a lot , crude oil will continue to play an important factor in all our lives worldwide, every major and minor oil firms out there have billions in loans with commercial bank , as a matter of fact , that sector is being run by banks loan

There is a limit to the loan microfinance can give you , regardless, they can't give you 100m loan , while it will take them 10k customer to give 100m loan , it will take just one customer , mostly state govt for the commercial banks to give out 100b loan

10 years to come , commercial bank will still be strong cos thru have the money to actually stiffle the microfinance bank, it's cbn that is stopping them from doing it by granting concession to microfinance bank and Fintech

Bros, I had given up on that guy when I saw his line of thoughts and you have just done well to educate his ignorance.
Many of them don't even know how the banking sector work, yet they are always the first to form opinions on how fintechs are taking over and killing commercial banks. Nawao

cnnamoko:
In as much as I know there is a central interbank system that connects all commercial banks and MFBs, I can come on board with my own technology and incentives and snatch your traditional bank customers. Gone are the days when i need to rely on a major banks infrastructure to excel.

Opay and the rest are licensed by CBN and NDIC and can accept deposits like your traditional banks and they can deploy state of the art tech to keep them above in terms of competition.

Yes, Opay can grant good loans. They have the resources. Check thier latest market capitalisation. How many of your so called banks reach? I know many big retail outlets using Opay as their sole bankers and failities they have gotten.

Can your traditional bank beat Fairmoney in loan disbursement in realtime? Bring it up i want to learn something today from you!

What do you mean by granting good loans? Can I get a 300BN loan from Opay? No, the traditional banks can't beat fairmoney in loan disbursement in realtime because we are not talking of just 5M loan here, we are talking of billions of naira and that requires lots of paperwork.
You talk about retail outlets, that's very good because that's what those fintechs are meant for. But I doubt if you would market Opay account to the dangotes, Otedolas and the rest. So you see why your Opay and the rest are still learning? What's Opays customer base sef? How many customers do they have?
Please mention one fintech in this our country today that can give me a 100M loan, I doubt if we have any that even gives loan of 20M.

Bros I agree with you that the fintechs are good, but they simply do not have the resources, assets and structures that the traditional banks have, at least not for now.
No serious businessman today that would want to receive huge/significant payments from a client or something that would present an Opay account as the receiving account.

cnnamoko:
The Opay effect

I told a cashier in G.. that was raising shoulder during naira scacity period, that this big bank hall ll be converted to a museum or better still a poultry farm in 5-10 years time. She was still formimg untop of my unreversed 11k tilll date.

Fintech ll show them shege. Without a single major branch Opay and Moneipoint ll snatch all their customers like how sidechicks do it professionally

Bros, this your writeup simply point to the fact that you don't even know how the banking sector work. So you're saying fintech and wallets will drive traditional banking out of circulation? Many of you don't even know that these so called fintechs rely on the structure of the traditional banks to run well.
Kindly mention a fintech today that does not maintain an account with a traditional bank, can your fintech grant hundreds of billions to the government in form of loans? How many financial instruments can you invest in through the Opay you mentioned?
What's their assets base and how much do they pay as salaries? Can your Opay give APGs and other facilities to big corporations and individuals for business?

Make una just calm down with this Opay this, Palmpay that abeg.

What exactly do you mean by you have forgiven him?

The train they damaged that day is not his personal property, he and his colleagues brought pain, sorrow and agony to countless families. It is not in your place to forgive him.

How are we sure you have not been scammed sef

baralatie:
Ksam is perewinkles

Noted Sir!
Thank you.

Vergovert:
Cost of pepper and gas were not included.


I would put some thyme, curry and pepper to spice it up.

Thyme and Curry inside soup? How do you manage to take swallow with those stuff inside your soup? Thought those ingredients/seasoning are strictly for stew?

Op, you try jare

Abeg what's Isam?

These are the people marketing Nigeria and giving us good name, not the likes of Peter Obi who is bitter because he lost an election and has taken it as a mission to 'demarket' Nigeria.

So how's that her problem?

And why is the useless content creator sending messages to a dead man's Whatsapp number or even still have his phone number when he is not your husband.

Leave the widow alone, she can do whatever she wants with her dead husband's phone.

occfx:
Lol.. Nigeria don deal with am and friends has deserted. However, the apology is full of ego and entitlement. I doubt Akpabio will accept the apology. If na me, I no go accept am unless, they have already settled outside the box.

You even read wetin the woman wrote at all??

Does that even look like an apology in the first place? That's more like a writeup full of insults to the Senate President.

Akpabio agbada don hook wire for this case

REDshouse:
Its only in Nigeria and Africa that a bitter presidential aspirant will run to foreign media to cast and talk bad about their country...waiting for a day when US or Uk aspirants will rush to Nigeria or Africa media to do same....

It's only in Nigeria, that a very wicked and incompetent President would run to a foreign land to get medical help and also for a working visit/holiday... Waiting for a day when the French and US president would come get medical help from Gwagwalada general hospital or come to Nigeria for holiday and stay for closed to 2 weeks.

Mr Ibas, just calm down o.

You won't be there forever o, and pray BAT wins in 2027 because some people dey wait to mess you up after this administration kini kan kini kan that you're doing in Rivers.

May God continue to keep us all.

So this is the same Assnal that will play PSG?

Lamasta:
Its either PSG or Barca that will won that trophy

Win

This one was enjoying freedom, he decided to take it away with his own hands.

Hand don touch am na, I doubt if any politician from SE will even stand up for him.

Very good, he is gone!

flokii:
The core North will be commiting political suicide in 2027 if they follow likes of Datti-Ahmed, El-rufai and co.. The best bet is for them to support PBAT to complete 8 years just like our people supported Buhari to complete 8 years.
Any sinister move to stop South's 8 years turn in power will cause serious political tension in Nigeria. Moreover, the Middle Belt/North Central won't vote for any Fulani ticket because of the mass murder going on in Plateau and Benue States. Supporting a Fulani person to power is like signing their own death warrant.

The mass murder going on is as a result of the failure of PBAT's government. He is in charge of security, he should do something about it or he steps down.

Wordson:
Contenders for what exactly??

4th or 5th place

All na contending na

Truth be said, this country's backwards journey started the day APC took over the government of this country.

Since 2015, this country has never remained the same, APC destroyed everything we had gained as a country and took/still taking us hundreds of years backward.

APC is a demonic party abeg.

Hand don touch am, very good.

He should spend the remaining part of his life in a very dark and lonely cell.

Mopolchi:
Like play, like play Arsenal go win UCL come join London Big Boy, Chelsea

No way they are joining us.

PSG will do the needful.

PressMyButton:
WHATSAPP CHAT;

Rufai: Ibrahim, we're going live in five minutes, put Peter Obi & the team on notice.

Ibrahim: Ok, we will capture the moment on phone and put it on social media.

Rufai: good



ME:


If anyone was ever in doubt (nobody is in doubt tho) that Arisetv is pro-Obi, now you have your doubts cleared. Look at all of them in a room savouring the moments with their propaganda TV. If you see Obi carrying camera around visiting different locations, it's not a coincidence, it is all part of the plan. Unfortunately, the plan did not work in Benue, they chased him and his camera away like a thief.


PS; Have wailers heard Goodluck Jonathan say Tinubu will win 2027 election?. The news will hit you tomorrow.

Okay, so Gej said Tinubu will win 2027, does Gej have 3million votes somewhere that he wants to give Tinubu?
So since Gej said that, all Nigerians should conclude and accept that Tinubu will definitely win 2027?

Why Aston Villa dey play Europa League anthem?

Brenbentondiaz:
You think those bums know what the ethics of their job entail? Their training was just shouting "e sobey" and vibes.

I don laugh fall from bed

Bros e no easy to shout "e sobey" o

Congratulations guys!

No be Captain Calistus be that ?

Reason why regional government is the best for a country as big as ours.

Gej,Buhari and now Tinubu telling us they don't know some things that happens at the Villa.
So someone somewhere at the Villa can just wake up one day and sign off this country and the president won't be aware?

SalamRushdie:
Exactly how is Tinubu going to lose in 2027 ?

The way Gej lost to opposition in 2015.

And where in my write up did I mention Tinubu losing? You didn't see the 'what if' in my reply?

My question is, what if by 2027 Tinubu loses to the opposition, what happens to these guys who are following someone like Wike who by Nigerian political standard has seen and benefit all that needs to be benefited as a politician(someone like Wike can not be supported by anyone to be President)

That's closed to a trillion naira in tax alone, but the greed in our Political looters will not allow them spend that money for the good of the citizens.

Wicked and demonic people in high places.

It's completely locked down now.

Still stuck in Eko hotel roundabout here.

lailo:
He was rich but what has that got to do with needing help from a friend. The great Michael Jackson died pennyless

Which of the Michael Jackson died pennyless?
The famous MJ or the one from your village?

See as you just type loads of rubbish here

Lol
This woman is telling APC that she can actually play their devilish game also

Convoy banned, but helicopter transport was not banned, so let's enter in style na.

This one don hook APC and Akpabio for throat.

Well, I don't see Fubara going down alone.
He was Wike's A.G, so he knows almost if not all of Wike's dealings as the governor of the state.

Make Fubara sef start to sing make everywhere scatter jare

Op use nairalanders dey catch cruise

You won't have time to go Google and put an image description of what's supposedly happening to you if you're really passing through what you wrote here.

They asked you to go see a doctor, you're talking about aboniki.