meobizy:
This forum has an intellectual ceiling. Questions like this reveal it.

Sorry to disturb you. I try understanding this comment but couldn’t, care so explain pls. Thanks.

Jeon:


WHY EN PAIN YOU... TO THE EXTENT OF DROPPING NOVEL?

Stop proving that you're st*pid and imbecilic young girl. Go give a BJ or something.

MrBachelor:


Stop proving that you're st*pid and imbecilic young girl. Go give a BJ or something.

SO YOU TRYING TO TELL ME YOU GAVE BIRTH TO A STUPID IMBECILIC YOUNG GIRL.. YOU KEPT ON DEMANDING BJ FROM AND AS A RESULT SHE BECAME PHYSIOLOGICAL TRAUMATIZED..

Dshocker:


dangote is a heavy debtor,despite having monopoly from the fedreal government,so the company is nothing to write home about.

see embarrassment. When you don't know something keep quiet.
Avoid the temptation to spew ignorance all over the place.

Go and read about 'debt financing' so that you won't keep on making such ignorant statements.

https://www.investopedia.com/terms/d/debtfinancing.asp

A company currently trading at N285 per share with a market cap of 4 trillion employing over 30,000 people is nothing to write home about. Please tell us what you've done with your life that is worth writing home about. If you don't know something keep quiet.

SocialJustice:
They are called SWOOT on the stock exchange, there are also private conglomerates worth that much. The Stocks Worth Over One Trillion are Airtel, MTN, BUA cement, Dangote cement, Nestle.

Mike Adenuga has refused to list his group publicly but Glo, Conoil and his bank are also worth over N1 trillion.

Are you mad?? How are N1trn and $40bn the same in any way, manner or form??

MartinsD12:

meaning many mumu dey these nairaland claiming what they don't know, nairaland is a place you see the most most myopic and intellectual downgraded individuals making noise up and down

Answer I was looking for

Jeon:


SO YOU TRYING TO TELL ME YOU GAVE BIRTH TO A STUPID IMBECILIC YOUNG GIRL.. YOU KEPT ON DEMANDING BJ FROM AND AS A RESULT SHE BECAME PHYSIOLOGICAL TRAUMATIZED..

You'd be correct if I had fathered you

Ericnrm:


Are you mad?? How are N1trn and $40bn the same in any way, manner or form??

Lol, thank you jare. You don't have to be offensive to make a correction.

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

You're ignorant sir. Are the annual profits of these banks in dollars? GTB makes about #100bn profit after tax in a year. Is that up to $1bn?

You make me laugh in Swahili!

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

Can you pass me what you are smoking when you finish?

Which Bank?!

Some of una no suppose dey talk because una no know anything about finance at all. Person up there dey say airtel in worth trillions, trillions bawo. First off, how much does 1 airtel share cost, make we start from there

SocialJustice:
Lol, thank you jare. You don't have to be offensive to make a correction.

My bad bro, but I just get so irritated when people speak about things unrealistically even when the answers can be gotten with a little logical thinking

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

Innoson Group

DoveXlover:
Please don't derail the thread because clearly it's more than your level of logic.

Is 1.11 trillion naira worth 40 billion dollars?

trillion > billion.

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.

A very interesting question, pls I don't know who will answer this, I have tried searching on Google but can't get the answer yet. What is the exact equivalent of this $44bn in Naira

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.

Its not worth 40billion but the overhype it up.

If twitter is worth 40 billion then instagram and facebook will be worth 1trillion

Twitter copied status update from facebook and turned it into a company

how much is the richest african worth?how much is dangote's refinery worth?

Newton2024:
You are stubborn in your ignorance. Can't argue logically but always resulting into insults. Are you actually a lady? If yes, are you single or married?

Obviously, he is a lunatic disguising as a lady

Since when do oyinbos engage in fair trade?

They go out of their way to steal billions (and ensure they can continue to) all the time.

That said, there are indeed companies in Nigeria and all over Africa worth that much and more. There are also startups with that potential.

Jeon:



SHUT UP AND GO PURCHASE AIRTEL AFRICA WHICH IS WORTHY OF N4. 74 TRILLION..


WILL YOU HAVE COME UP WITH THIS QUESTION IF TWITTER WAS NOT SOLD OUT..
RUBBISH.
NIGERIANS AND PEPPER BODY

Aunty/ Madam,calm down!
This is a serious econometrics questions and should not be derailed .
The question the OP is asking is deeper than we thought!
Nigeria Banks were once in N25 Billions Capitalisation quest during Governor Soludo and 79 Banks were reduced to 25 banks!
Today, Capital Flights is major now in Nigeria and Africa at large and to worsen the current situations,most big men in this country are storing up the Foreign Currencies abroad thereby further reducing the exchange equalisation of what you think local companies like Dangote, Coca-Cola,etc have as assets!
So, only very few companies can beat the Twitter price or even at lower price!

This topic is good for investment purpose. I don't any built up company in nigeria worth $40b. Nedbank the 3rd largest bank in SA market cap is $74b that is more than all Nigerian banks market cap (zenith,first bank,GTB,fcmb etc). Dangote's share is less than a dollar, twitter is $54.04.

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.

Your father,grandad and relatives were people with heads like Elon musk.
Add yourself too.

Do any of you have a company worth £1million?

Their strength all lie on social media 247
Lazy Nigerian youth.

DoveXlover:
I told you before to focus on knowing the latest hotel rooms in towns.
Is Airtel a Nigeria company built from the scratch?

u don finish dis aunty o.

Emir01:


Dangote group will definately worth more that if he want to sell. How much is Twitter before this offer? The buyer will always look at future potential b4 placing such money. Dangote investments are very profitable and have potential to grow year in year out.

This is simply not true. Let Dangote put up his brand for sale. Then we will see.

Look, Dangote group or whatever you call it is what it seemingly is because of Dangote the individual... Because of his untransferable ties to government, under the table deals, access, waivers, and his political 'octupussy' if you will. Whoever buys the so-called Dangote Group would change the name, and 'Dangote Group' without Dangote could as well be Etognad Group, stripped of its driving underpinning. Such an entity with what the so-called group currently has as intrinsic value in the present operating context wouldn't be worth anything close to $15b.

descarado:

Your father,grandad and relatives were people with heads like Elon musk.
Add yourself too.

Do any of you have a company worth £1million?

Their strength all lie on social media 247
Lazy Nigerian youth.

guy small small. Do you know this topic ,can change the minds of our leaders to look into Nigeria's GDP and GDP per capita knowing our monetry economy is very low?

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

Two years ago, First Bank of Nigeria, one of Nigeria's leading banks declared total assets worth 5 trillion Naira, that not up to 20 billion dollars. Don't deceive yourself, no Nigerian company is worth 40 billion dollars.
Dangote Group will only be close to that figure once his refinery is ready.

Hmmm

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

Lafarge just declared Profit after tax of 51b naira today. Nigerian companies are not doing too bad.

May be the OP should convert this $40b to Naira so people may know what we are talking about. NDIC once said 98% of Nigerians do not have more than N500k in their bank account. With a population of over 200 million, who will buy the finished products of the locally built up companies or investment companies to the value of $40B?. We don't have purchasing power in Nigeria. The city of Mumbia has over 60,000 millionaires while there are about 13000 millionaires in the entire country.

Why no one talking about Adamu Garba's Crowwe App? It may not worth $1000 but it's a Nigerian social media made to compete with Twitter.