DoctorOlasDesk:


You guys obviously don't know the true worth of our institutions sha. Anyway majority are youths here. I dey busy abeg. Try finding out the annual profit after value declare by each bank to educate yourself better


I dey busy

What are you saying? Profit after tax for GTB is $400 million/ year.

Only Jumia can boast of $1B in a few years, and that’s because it is traded in the US.

Maybe flutterwave, if they choose to go public.

Upworkwriter007:
What are you saying? Profit after tax for GTB is $400 million/ year.

You're not even smart enough to understand the logical perspective of the debate

Greyworld:


He created a thread which is insightful. Since it is obviously above your league why not slide?

Okay... you know about Airtel good.

And finally he asked because of Twitter. Nothing wrong about it.

She knows nothing bruv
It obvious
most naija girls and high intellect are like two parallel lines
little wonder she's uncomfortable about such an insightful thread

Not at the moment, but very soon we'll get there.

Jeon:

SO ASKING SOMEONE WHETHER HE'S INTERESTED IS A CRIME?

ngl, you are a dumb ass.

aidameoryou:


This small girl with small brain, does 1.11 trillion naira equal 40 billion dollars in your mathematics

then why using 40 billion dollars in comparison to Nigeria currency?

$40b is different from N40b, if you must reference any institution in Nigeria please kindly note that the entire Nigeria’s foreign reserve is nothing close to 40b.

Dangote group is large.
Refinery (Petrochemicals)
Cement
Sugar
Rice
Fertiliser
Flour
Salt
Steel
Soon: Dangote Cranes
Even UBA, dangote is almost the owner now. He doesn't want to take over. He has the second largest share.
Is very huge. It worth more than $44 billion. It's a highly profitable business with great potential to expand. If you offer Dagote $44bilion for his businesses, he will reject it considering the potential ahead. By the time the refinery start working and listed on stock exchange, the value will definitely go up.

DoveXlover:
I will like to know which of the Nigeria banks are worth 40 billion dollars?

Dangote groups worth $20B

IMO01:



Sure

He borrowed billions of dollars for the refinery. If he wants to sell it with d cement and other production line its worth more than that amount

There is nothing like "Dangote Company", Mate.
Except you're combining all or some of the companies under the Dangote Conglomerate, I may be wrong, but not one of them can be bought for $40B.

Burruchaga71:
Even Dangote him self did not worth $40 billion

The Op said company not individual..

Dangote doesn't own 100% of dangote groups..

And yes..the only company dat will come close is Dangote groups..
Dangote groups has atleast 4 group
*Dangote salt
*Dangote cement
*Dangote refinery
*Dangote sugar
*Dangote fertilizer

The refinery alone is worth atleast $19bn almost $20bn and it not even in operation yet..

.am pretty sure when u add all the 9+ cement plants operated across Africa.., his sugar , petrochemical and fertilizer plants..it should be around $21bn or more

KaluwisxPRO:
Only Jumia can boast of $1B in a few years, and that’s because it is traded in the US.

Maybe flutterwave, if they choose to go public.

Jumia isn't built from scratch in nigeria, it's owned by a german.

DoveXlover:
Alright if you say so but apart from banks and Dangote company, what other companies do we have that are worth more than 40 billion dollars?
Because surely the Economy won't flourish with banks alone.

There is nothing like "Dangote Company", Mate.
Except you're combining all or some of the companies under the Dangote Conglomerate, I may be wrong, but not one of them can be bought for $40B.

No Nigerian Start up/established company is worth $40Billion
Not even banks or even Dangote Group or Globacom providers are worth $40B
Paystack still remains the highest acquisition in Nigeria.
About $200M (2020)
Flutter stack net worth hits $3B.
Dangote would roughly be between $5B - $20B.

Missionaire:


There is nothing like "Dangote Company", Mate.
Except you're combining all or some of the companies under the Dangote Conglomerate, I may be wrong, but not one of them can be bought for $40B.

It called Dangote groups...and it is a conglomerate itself
And involves several groups..

In all .. combining all the companies/group under dangote groups as a conglomerate..it should surpass $40bn..

U should note dat dangote refinery (a single group) alone worth $19bn

IMO01:
Dangote group

Dangote Group was never built from scratch, rather its a conduit pipe through which corrupt Nigerian politicians loot and hide their looted wealth.



Dangote didn't start from scratch, forget the cooked up lies they tell you about Dangote.


And Dangote himself is not worth up to 20billion USD, so you see?

THEY SHOULD SALE NIGERIA TO ELON MUSK AS A PRIVATE COMPANY

DoveXlover:
Since Elon Musk acquired twitter for 45 billion dollars, i have been thinking.

We all know that twitter was founded by Americans in America and there are other companies from America that i believe are worth more than 40 billion dollars.

From social media companies to food companies to Pepsi to coca cola and many more companies built from the scratch in America that are now worth over 50 billion dollars.

So the question is do we have home made companies built from the scratch whether offline or online that are worth more than 40 billion dollars in Nigeria?
I will like to know their names?

Note!!! I am talking about built from scratch Nigeria companies whether it's social media or food companies or otherwise.

Business insider realeased a report on this earlier in the month. https://africa.businessinsider.com/local/markets/here-are-the-top-10-most-valuable-companies-in-sub-saharan-africa-by-market/z730zf4


The Top 30 African companies by market Capitalization are worth a combined ~$117bn as at Mar 31 2022.

The MTN Group is the largest [African ] company by market cap. It is worth ~ $24bn.
Dangote group a distant second at ~$11bn.

If there'll be a ~ $40bn company in Africa, it'll be Naspers. However it's not currently listed but its portfolio companies are quite close when combined.



N.B. Private Companies were obviously excluded from this report BUT it's hard to think of any African Private company up to the mettle of a JCB (UK) or Leibherr (Germany). And both these companies aren't even up to $40bn yet.

DoctorOlasDesk:


You guys obviously don't know the true worth of our institutions sha. Anyway majority are youths here. I dey busy abeg. Try finding out the annual profit after value declare by each bank to educate yourself better


I dey busy

No bank in Nigeria has a market value of 44 billion dollar’s sir. You can find time to educate us if there any we missed out on.

Cognitivereason:


It called Dangote groups...and it made up of different conglomerate...

In all .. combining all the companies/conglomerate under dangote groups..it should surpass $40bn..

U should note dat dangote refinery (a single conglomerate) alone worth $19bn

Obviously, you don't know what a conglomerate is.

Jeon:


YOU ARE THE DUMBEST USELESS ANUS USE FOR P O O ING FOR QUOTING THE DUMB ASS.

Dumb to the extent you type your gribberish in caplocks

DoctorOlasDesk:
Why not. All Nigerian banks to start with? Stop being decived by the media. Twitter isn't bigger than many Nigerian companies. Its only backed by public funds from a robust stock exchange market system. Same as Facebook. The giants of Nigeria are arising. No cap mate

hahahahahahahahaha. O boy! Ingnorant arrogant people everywhere. There is no single nigerian bank worth 40 billion dollars. First bank is only worth about 5.6 trillion naira. Which is just a bit over $10billion

DoveXlover:
Since Elon Musk acquired twitter for 45 billion dollars, i have been thinking.

We all know that twitter was founded by Americans in America and there are other companies from America that i believe are worth more than 40 billion dollars.

From social media companies to food companies to Pepsi to coca cola and many more companies built from the scratch in America that are now worth over 50 billion dollars.

So the question is do we have home made companies built from the scratch whether offline or online that are worth more than 40 billion dollars in Nigeria?
I will like to know their names?

Note!!! I am talking about built from scratch Nigeria companies whether it's social media or food companies or otherwise.

For now. None sir

DoveXlover:
Interesting!! You think it's worth 40 billion dollars?

Nice question.
How much is Dangote worth?

HardMirror:
hahahahahahahahaha. O boy! Ingnorant arrogant people everywhere. There is no single nigerian bank worth 40 billion dollars.

Chai. The average Nigerian youth is poor in reasoning. Chai. Mehn. See shallowness

horlus:

No bank in Nigeria has a market value of 44 billion dollar’s sir. You can find time to educate us if there any we missed out on.

Chai. The average Nigerian youth is poor in reasoning. Chai. Mehn. See shallowness

Asianjollof007:



Dumb to the extent you type your gribberish in caplocks

IF YOU QUOTE ME AGAIN YOU ARE REALLY PROOFING THE FACT THAT YOU ARE THE DUMBEST ANUS ON PLANET.

Heathrow44:
THEY SHOULD SALE NIGERIA TO ELON MUSK AS A PRIVATE COMPANY

The amount of crude oil Nigeria produces in one or 2years is over $44 billion not to talk about proven reserves and different minerals not yet tap. Gas and all dat.

Jeon:


YOU KNEW ONE POINT ELEVEN TRILLION NAIRA CAN'T COMPETE WITH FORTY BILLION BUCKS AND YOU STILL HAVE THE RIGHT TO ASK THE QUESTION, CONJOINED IT WITH DOLLARS .. AS IF NIGERIA CURRENCY IS DOLLAR..

Wow u just succeeded in advertising your ignorance. If i be u i go quickly delete this post before other people come see am