₦airaland Forum

HardMirror:
you are the bad product of nigerian schools. I asked you a simple question. Show us the single Nigerian bank worth $40b in assets and all... first bank is the biggest bank in nigeria and their total value plus assets is only 5.6 trillion naira

Work

PericomaNwankwo:
Is flutterwave not public??

Not public. You need to have a clean slate to go public.

Jeon:
keep quiet... STOP THIS IGNORANCE
NAIRA CAN'T STAND WITH MILLION DOLLARS AND THE OP IS CALLING BILLION DOLLARS. .

Wawuu we're now in an age where the ignorant (enabled by social media) shouts SHUT UP with the loudest voice

Heathrow44:
then y are we still poor, the poverty capital of the world?

In 2019, Nigeria made $47 dollars on cride oil sales alone. Share that money among 200 million people and see why we are poor take into account our deficit across all sectors of the economy. The money is small. Go and find out how much small countries like Qatar, Switzerland are making in a year with less than 5 million population.

There's one thing about ignoramuses.

They are loud and whenever asked to provide proof of their empty claims they insult and brush the enquiries aside.

No Nigerian Bank is in the Top 10 largest banks in Africa.

The 10th largest bank in Africa is Investec Bank and it is asset size is $30 Billion.

That you are so lazy that you cannot just spend 5 mins to confirm your information is sickening.

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

President Muhammadu Buhari's cow are worth more than that. If you dey doubt am, Goggle am

The market capitalization of the Nigerian Stock Exchange is about 57 billion dollars. So I don't think there is any company worth 15 billion USD in this country...
Kindly note that Apple Inc is a more valuable company than the whole of the Stock Exchanges in West Africa.

nairalee:
Wawuu we're now in an age where the ignorant (enabled by social media) shouts SHUT UP with the loudest voice

I SAID WHAT I SAID..
NAIRA IS A CHICKEN CHANGE NEXT TO DOLLAR.

VULCAN:
There's one thing about ignoramuses.

They are loud and whenever asked to provide proof of their empty claims they insult and brush the enquiries aside.

No Nigerian Bank is in the Top 10 largest banks in Africa.

The 10th largest bank in Africa is Investec Bank and it is asset size is $30 Billion.

That you are so lazy that you cannot just spend 5 mins to confirm your information is sickening.

Still doesnt get it too. Busy. I dont share my strategic knowledge anymore with people. Bye

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

shut up already. This matter pass your level

Emir01:
In 2019, Nigeria made $47 dollars on cride oil sales alone. Share that money among 200 million people and see why we are poor take into account our deficit across all sectors of the economy. The money is small. Go and find out how much small countries like Qatar, Switzerland are making in a year with less than 5 million population.

oga, nigeria is fantastically corrupt, with leaders that are not nationalists divided across religious and tribal lines riddled with pacifist citizens

Jeon:
[s][/s]

BUT YOU REFUSED TO NOTICED HOW HE/HER STARTED THE INSULTS...

Your response does not tally with his question. You could have ignored it.

Cognitivereason:
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..(not sure though)

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

(Fixed)

dangote dont own more than 35 percent of d refinery banks own some NNPC own some too and some individuals

Truth234:
Not public. You need to have a clean slate to go public.

Wow, I'm sure they'd be worth much when they go public.

DoctorOlasDesk:
Still doesnt get it too. Busy. I dont share my strategic knowledge anymore with people. Bye

chai! Busy and you have been replying mentions for how many minutes. Mr secret knowledge. Lol

HardMirror:
chai! Busy and you have been replying mentions for how many minutes. Mr secret knowledge. Lol

YAWNS

illicit:
Miyetti Allah

try dey get sense

IMO01:
Dangote group

Dangote group is worth more than that.

PericomaNwankwo:
Is flutterwave not public??

No. I don't think they are yet.

Funding-based valuations are to be taken with a pinch of salt. (See Wework or even Theranos) The only valuations that truly matter is an exit. IPO or Acquisition.

A product/entity is only worth what another is willing to pay for it(in an arm's length deal). Anything else is, well a bubble.

Heathrow44:
oga, nigeria is fantastically corrupt, with leaders that are not nationalists

Despite corruption, it's absolutely small.

Jeon:
DUMBO.

That's what you are, dimwit.

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

Stop capping abeg.

Twitter annual revenue is more than revenue of all Nigerian banks.

Twitter 2020 annual revenue was about 3.72 billion U.S. dollars.

Total markstcap of Nigeria stock exchange $68,017,713,822.00
Twitter was sold for almost $44B.

This is the total asset of all Nigerian banks ( $142,582,072,428.00)

Imagine Twitter sales having a half of the total assets of Nigerian banks.

HardMirror:
shut up already. This matter pass your level

UNAH CURRENCY TOO SMALL.
SO VALUELESS.. HOW SHAMEFULLY COMPARING WITH BILLION DOLLARS.

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..

Are you for real or you are joking. Please do the Maths

Newton2024:
Your response does not tally with his question. You could have ignored it.

I ASKED A SIMPLE QUESTION..
IS HE BUYING IT? WHY ASKING? OR WAS IT BECAUSE OF THE TWITTER THAT BROUGHT UP THE DISCUSSION.

Most indigenous companies in nigeria, are slave work, tbh, especially if its owned by an igbo man. Very selfish manipulative people, and they would come to village to claim billionaires, audio billionaire from taking advantage from hardworking citizens because of the situation of the country.

Tobijays:
dangote dont own more than 35 percent of d refinery banks own some NNPC own some too and some individuals

No one said he does..

We are talking about the entire worth of the company if it were to be sold..

Definitely if musk should buy it ..
Every one with a share in it go chop

Emir01:
Despite corruption, it's absolutely small.

nigeria has weak currency, but has failed to take steps to redeem its image

thebosstrevor1:
Stop capping abeg.

Twitter annual revenue is more than revenue of all Nigerian banks.

Twitter 2020 annual revenue was about 3.72 billion U.S. dollars.

Total markstcap of Nigeria stock exchange 68,017,713,822.00
Twitter was sold for almost 40B.

This is the total asset of all Nigerian banks ( 142,582,072,428.00)

Imagine Twitter sales having a half of the total assets of Nigerian banks.

Intrinsic value backed by robust stock market. I don't recall placing any Nigerian establishment in direct comparism with Twitter to begin with

I believe people who understand what intrinsic and potential value means as against a robust market can understand my POV

Back to work Sir !

Many states in Nigeria is not up to that amount sef