₦airaland Forum

lionshare:
To create jobs you need better macros; from that list 5 of 6 coys left 23/24 which buttresses my point.

https://businessday.ng/news/article/uber-to-take-over-glovos-african-operations-in-massive-16-9bn-delivery-hero-deal/

NG is the fastest growing market for glovo.

We need some otedola kind of person to buy up Access its needs to move up

SonofElElyonRet:
The Frontier classification may prevent dangote refinery price from dipping upon listing as envisaged by Mega and Co.. might even experience a price spike.. not financial advice..

lionshare:
I don’t think this is about being cheap per se. It appears they simply weren’t nimble enough to operate effectively in this kind of business environment. This exit has actually been a long time coming. Besides, I read that they are looking to invest in Glovo’s African operations, which means they will still have an indirect presence in Nigeria.

olaremint:
They left because they could not cope with the competition, Nigerians prefer cheap things even if it’s fake, most people prefer cheap indrve with their useless vehicles because they are way cheaper
U can’t use indrive vehicles in SA or Egypt

Omooba77:
FG Thanks RCCG For donating towards evacuation of South Africa Returnees

HacheNoire:
The US national debt has surged past $40 trillion. ‘The US cannot continue on this trajectory with the tax rates that it currently has, giving out the benefits ... that it currently does.

https://x.com/reuters/status/2095515945838031125?s=46[/quote]The US can just print the dollar currency notes and give it to their creditors and settle their debt.
It is not like Nigeria and other countries that need to produce and sell goods and services before they can earn dollars to pay their debt.
That is the strategic advantage that US holds in world economy today, until it is reversed or changed

ghm:
Let's get the facts straight.

Uber is restructuring globally, especially its African business. They currently operate in more than 70 countries. They exited China a while back (I guess you know why I reference China; it is a great economy), and over the last two years, they've left 4 African countries (out of 9) as part of a broader reorganisation.

I follow Uber closely because I hold their shares.

SonofElElyonRet:
Catching its breath before continuing the downhill journey
Mercy won't like my post

awesomeJ:
What gun?

Someone said Moniepoint left the UK not because of bad economy?

Then you made a flawed argument that UK's economy has been bad before Moniepoint went in, therefore by your own reasoning, the economy which had been bad before they went in was what caused their failure

Come on!

lionshare:
In essence are you saying companies never close shop in countries with improving or great macros?

awesomeJ:
Nobody says a bad economy is desirable for businesses.

I was just pointing out that it didn't follow for you to discount the brother's argument in the manner you did sir.

awesomeJ:
How? did? his reference spoil it?
So you're saying Moniepoint went into UK before brexit?

Or the UK economy was booming when Moniepoint went in

Since you yourself mentioned the bad trajectory has been on for nearly a decade which is way before Moniepoint went in, you're the one who countered yourself.


The bad trajectory of UK's ecomony was a constant before and after they went in, so It's only logical for you to agree with the man that their failure in that market isn't correlated with the performance of the economy.

ghm:
Let's keep this about business models, not macroeconomics
[Moniepoint didn't fail because the UK economy is struggling.

They exited because:

The UK remittance market is saturated – Competing with Wise, LemFi, NALA, and Taptap Send. Customer acquisition is expensive, margins are thin.

The UK is expensive to enter – £1.2m setup costs, $2.5m regulatory deposit just to get licensed. Compare that to Nigeria or Kenya where they already have infrastructure. Heavy overhead for a market with no existing advantage.

It was an opportunity cost decision – Moniepoint processes $294bn annually in Nigeria. They're expanding in Kenya and other African markets. The UK was a distraction, not a core market.

Volume isn't viability – Demand was stable. They grew transaction volume 70% but still pulled the plug. Growth without margins is just vanity. That's a product-market fit problem, not a macro failure.

Bottom line: They didn't leave because Britain is failing. They left because their money works harder in Africa. That's strategy, not surrender.

Agbalowomeri:


Orun m'oru

ghm:
Uber isn't quitting Nigeria because the economy is failing. They're quitting because their model failed here.

They've been complaining for years about drivers gaming the system—fake trips, bonus abuse, account sharing. That's not a macroeconomic problem. That's a microeconomic friction they couldn't fix.

Compare Moniepoint in the UK: they pumped in £2.5m, then exited. Did the UK economy fail? No. Their product just didn't fit the market.

Same energy here. Uber's exit isn't a verdict on Nigeria's economy. It's a verdict on their inability to manage the local reality. The market is still there—they just couldn't make it work.

Bagwa:
ANALYST CALL & MANAGEMENT Q&A | OANDO PLC – INITIATION OF COVERAGE

Renaissance Capital Africa invites you to an analyst and management Q&A session to discuss our recent initiation of coverage report for OANDO PLC.

OANDO is a deeply discounted, reserve-backed turnaround story which is contingent on the execution of its balance sheet restructuring that will allow it to finance higher production and generate free cash flow. Ultimately, this is a high-risk, high-reward turnaround story where successful recapitalisation is a prerequisite for its market valuation to re-rate.

Oando has the reserves to drive the story: the 2024 NAOC acquisition lifted the group’s 2P reserves to 920 MMboe, one of the largest reserve bases held by any Nigerian indigenous E&P. Furthermore, 61% of these reserves are gas, which has strong LT potential for domestic power generation.

We initiate coverage with a Target Price (TP) of NGN123.1/share, implying 262.1% upside.

Join us as we unpack our investment thesis and provide insights, along with senior management.

DATE
TIME
LOCATION
Tuesday, 08 September 2026
2:00 p.m. (WAT)
Microsoft Teams

Speakers:
Divine Olumese: Oil & Gas Analyst – Renaissance Capital Africa
Silha Rasugu: Senior Analyst & Partner – Emerging & Frontier Capital LLP (EFC)
Olumide Sole: Head, Financial Institutions Research – Renaissance Capital Africa
Samuel Sule: Chief Executive Officer – Renaissance Capital Africa
Mr. Adeola Ogunsemi: Group Chief Financial Officer – Oando Plc

Please CLICK LINK BELOW to register.
https://events.teams.microsoft.com/event/73359dd5-60b6-408c-a662-5f3e496e5296@fcf16af1-6749-4cb0-9a81-747f30dfdd7d?source=copyLinkLegacyShareEventDialog

KarlTom:
* FPI
Yardstick wrt their presence before NG dropped from Frontier...

Lovelink1991:
A man who renovated the big parlour with modern wood works few months after renting the apartment was serve quit after the landlord saw it and he also inturn destroyed every wood work he has done in the house.

I think it is hightime tenant stop renovating landlord's property to avoid situations like this.

https://www.youtube.com/watch?v=nD5-_8QahU0

KarlTom:
With FDI coming back fully + Frontier Market classification, I doubt the bolded...

Slammmmmmmm:
I really wanna try to stay positive.

toyeoye:
OANDO at ₦38.30 (+9.43%)
Is this the start of a bigger recovery?

Slammmmmmmm:
Be like say Wale dn ready.

Sermwell:
What's the relationship between night life and dirty December?

HacheNoire:
Trust me! Israel will become history someday!

Seems you forgot the apartheid state of South Africa. It took long but freedom came.

In this case, Israel will cease to exist.

elpaso007:
Good morning everyone.

Sunrisepebble, Mercy, Mike Apollo, Pennystockwarri and Megawealth.

It'll be interesting to hear your take on RenCap coverage of Oando...

PulaPower:
Detty December didnt start from Ghana.

Alphanancy:
What happened to all noise about detty December? Or do we just overhype ourselves?

Mirasteel:
It seems you are a Ghanaian.

RandDigital:
Two African cities have earned places among the world’s 20 best nightlife destinations in 2026, with Johannesburg and Accra recognised by Time Out for their vibrant after-dark scenes.

Johannesburg ranked No. 7 globally, making it Africa’s highest-ranked city on the list, while Ghana’s capital Accra placed No. 18.

The ranking was compiled from responses from more than 24,000 locals, combined with assessments from Time Out’s city editors, culture experts and nightlife specialists.

Time Out assessed cities based on factors including the quality and affordability of nightlife, clubbing and cocktail-bar scenes, community, safety, excitement, diversity and how welcoming each destination is.

Time Out praised the cities for their diverse nightlife scenes, strong local culture, affordability and wide range of bars, clubs, live-music venues and late-night experiences.

Only the highest-scoring city from each country was included to ensure global representation.

JOHANNESBURG LEADS AFRICA'S NIGHTLIFE RANKING

Johannesburg’s No. 7 position places it ahead of established nightlife destinations including Amsterdam, Madrid and Seoul.

Time Out highlighted the city’s ability to continually reinvent its nightlife, from its historic warehouse-party culture to contemporary venues built around house, techno, Afro-house, gqom, drum and bass and experimental sounds.

The South African city also performed strongly on affordability and community. 66% of locals rated Johannesburg positively for affordability, while 80% said it was easy to find connection and community in the city.

Clubbing, casual pubs and cocktail bars were identified by residents as the city's strongest after-dark offerings.

ACCRA EARNS A PLACE AMONG THE GLOBAL TOP 20

Accra ranked 18th globally, with Time Out pointing to the Ghanaian capital’s established nightlife districts and growing mix of bars, clubs, live music venues and alternative entertainment spaces.

Osu remains one of the city's main nightlife centres, while East Legon is emerging as another major destination, with new venues adding to Accra's increasingly upscale nightlife scene.

The city also scored strongly for affordability and community. 62% of Accra residents rated going out as affordable, while 75% said it was easy to find community. Another 65% described the city as welcoming and friendly.

Time Out noted that Accra's nightlife extends beyond mainstream Afrobeats, with electronic music, alté, R&B and other subcultures contributing to the city's after-dark identity.

The two African cities were joined in the global top 20 by destinations including Bangkok, which took the No. 1 position, Berlin at No. 2 and Melbourne at No. 3.

The rankings suggest that Africa's leading nightlife capitals are increasingly competing on more than clubs and late-night entertainment, with affordability, community, music diversity and distinctive local culture helping shape their appeal to residents and visitors.

TOP 20 CITIES FOR NIGHTLIFE IN 2026

1. Bangkok 🇹🇭
2. Berlin 🇩🇪
3. New York City 🇺🇸
4. Melbourne 🇦🇺
5. São Paulo 🇧🇷
6. Medellín 🇨🇴
7. Johannesburg 🇿🇦
8. Brighton 🇬🇧
9. Beijing 🇨🇳
10. Amsterdam 🇳🇱
11. Porto 🇵🇹
12. Hong Kong 🇨🇳
13. Athens 🇬🇷
14. Madrid 🇪🇸
15. Hanoi 🇻🇳
16. Seoul 🇰🇷
17. Bengaluru 🇮🇳
18. Accra 🇬🇭
19. Singapore 🇸🇬
20. Mexico City 🇲🇽

Racoon:
-1). "My Coat of Many Colours."
-2). "In My Tenesse Mountain Home."
Dolly really captivate the world of country side music with her golden voice. Rest on legend woman.