₦airaland Forum

Nigerian banks are some of the cheapest stocks in Africa, more evidence of how a shortage of dollars in the continent’s largest economy is discouraging foreign investors.

This is your ONE LIEGERIA for all the UNITY BEGGARS. There are more problems to come, just wait and see. That country you FALSELY claim that you love so much would KILL all of you.

Widening budget deficit is the summary phrase here. FULLSTOP

Hmmm... it is well with Nigeria

TarOrfeeek:
That's not the total stock valuation.

The companies listed have a valuation of 500million dollars or more. Which is also a VERY GOOD thing.

Especially for a tier 1 bank like Zenith bank.
The dollar availability issue is a regulatory issue and nothing to do with their financial Operations.

In Nigeria, politics and regulation is a major risk factor. You can't rule it out. You cant expect people to invest in NSE where inflation would erode their gains. Quality stocks are dying. Look at Guinness in the last 10 years.

for this one - i will place the blame squarely on Emefilie. he spent 2015 to 2019 using Forex Reserves to fight the USD to keep Naira stable - mad buffoon. instead of thinking up ways to diversify the components of our Trade balances and encourage local production for imported items. this magnanimous malu decided to waste $98+ billion on Burea d change dealers and bribing mallams to safeguard his position in CBN

TarOrfeeek:
That's not the total stock valuation.

The companies listed have a valuation of 500million dollars or more. Which is also a VERY GOOD thing.

Especially for a tier 1 bank like Zenith bank.
The dollar availability issue is a regulatory issue and nothing to do with their financial Operations.

Explain more, please.

Fahdiga:
Buhari's negative records continues to manifest in every sector that even a goat can do better than him. Nigeria has been destroyed beyond redemption by this heartless Junta. Only God can save us

While Inagree that Buhari has been a useless President, the truth though is that we would be in this same predicament regardless of who is in government. We simply do not export enough as a nation to earn sufficient foreign exchange.

seborrhic:
The man is without redemption.
Forget the over used phrase of how Nigerians were warned;how could he be voted in for a second term,etc.The question that should necessitate a possible study and even conference is:'how can one human being be so dull that even with national resources and assets at his command,he run a country to the ground?"
My hypothetical answer is that his inborn bigotry and clannishnesss stunted or even erased any development his brain could achieve over his years of existence.He unconsciously traded his brain growth for bigotry and nepotism, resulting in his unrivalled failure.
I have said it severally,give this present man 10 four year terms,failure would always be the result.

You've said it all bro. Posterity will be kind to you and your generation

COMPAQ:
While Inagree that Buhari has been a useless President, the truth though is that we would be in this same predicament regardless of who is in government. We simply do not export enough as a nation to earn sufficient foreign exchange.

Lame excuse to defend the monumental failure Buhari

Resurgent2016:
Honarable mention to the failed so called barbecue seller . It takes a failure to resolutely support another failure

Gbamsolutely

jaxxy:
I strongly feel Buhari’s government should be probe. Alot of magic going on there.

His failed administration will be probed for sure

thebosstrevor1:
I know you didn't understand anything written there.

Instead of complaining, tell your very rich uncle that has like 500k dollars to start buying shares in some of these banks and companies in the stock exchange that are cash strapped using shell companies. After his buying spree, he will majority shareholders in those companies. But not the banks.

Another option, he can invest in Nigeria bond and make huge gain yearly.

Incoherent and disjointed gibberish

TarOrfeeek:
That's not the total stock valuation.

The companies listed have a valuation of 500million dollars or more. Which is also a VERY GOOD thing.

Especially for a tier 1 bank like Zenith bank.
The dollar availability issue is a regulatory issue and nothing to do with their financial Operations.

Says BMC Bank CEO

NaWeDeyHere:
for this one - i will place the blame squarely on Emefilie. he spent 2015 to 2019 using Forex Reserves to fight the USD to keep Naira stable - mad buffoon. instead of thinking up ways to diversify the components of our Trade balances and encourage local production for imported items. this magnanimous malu decided to waste $98+ billion on Burea d change dealers and bribing mallams to safeguard his position in CBN

This is the government's job not Emefiele. He has no business trying to diversify the economy

afroxyz:
This is the government's job not Emefiele. He has no business trying to diversify the economy

He capitulated to FG demand to distribute FX unlike his brother Sanusi who proudly resisted until he was booted out to mae way for this predicament we are now in

Mumusaphire:
God be with us

Period of wealth transfer to the prepared poor

NaWeDeyHere:
He capitulated to FG demand to distribute FX unlike his brother Sanusi who proudly resisted until he was booted out to mae way for this predicament we are now in

I'm assuming if you were the CBN givernor you would have resigned right?

afroxyz:
I'm assuming if you were the CBN givernor you would have resigned right?

you took the words right out of my mouth. - ask his betters Ezekwesili and Okonjo

if your autonomy (CBN is independent under the Nigerian Constitution) is being undermined then resign let the world know whats up.

I was in Zenith and I know what this man can do and has done and is still doing

Hmmm

Fahdiga:
Buhari's negative records continues to manifest in every sector that even a goat can do better than him. Nigeria has been destroyed beyond redemption by this heartless Junta. Only God can save us

Wailer go & find a way to make forex.

afroxyz:
This is the government's job not Emefiele. He has no business trying to diversify the economy

Isn’t the Central Bank of Nigeria the arm of the Government that sets the monetary policy?

NaWeDeyHere:
you took the words right out of my mouth. - ask his betters Ezekwesili and Okonjo

if your autonomy (CBN is independent under the Nigerian Constitution) is being undermined then resign let the world know whats up.

I was in Zenith and I know what this man can do and has done and is still doing

What is he doing, I know he is Jim Ovia’s errand boy?, I know the man has helped his banker friends become billionaires with favorable policies for the banks, to the detriment of the people. For CBN to function properly, it needs a true regulator, not a Governor that is from the banking community.

buckeyemedia:
What is he doing, I know he is Jim Ovia’s errand boy?, I know the man has helped his banker friends become billionaires with favorable policies for the banks, to the detriment of the people. For CBN to function properly, it needs a true regulator, not a Governor that is from the banking community.

Well said. And the CBN governor should not be a banker or accountant but a seasoned economist, with perhaps PhD minimum.

When we had Soludo who is a proper economist, what we used to hear from cbn made sense.

buckeyemedia:
What is he doing, I know he is Jim Ovia’s errand boy?, I know the man has helped his banker friends become billionaires with favorable policies for the banks, to the detriment of the people. For CBN to function properly, it needs a true regulator, not a Governor that is from the banking community.

Very very very correct.
The Jim Ovias , Tony Emumelus, Aig- Imokhuedes, are the.ones pulling the guy's strings.
ANYTHING SHORT of a CBN outside of the banking mafias will not argur well for regulatory indipendence.

What this government cannot destroy does not exist

Lollittaa:
about four or five banks on that rating are Nigerian, only one from South Africa

ArcelorMittal is a steel company - global iron ore prices are struggling at the moment.

SA banks are head-and-shoulders above the rest in Africa. Here's the 2021 ranking...