Economy: Nigerians Look Up To 10 Companies In 2024 - Business (2)

Economy: Nigerians Look Up To 10 Companies In 2024 - Business (2) - Nairaland

Nairaland Forum › Nairaland General › Business › Economy: Nigerians Look Up To 10 Companies In 2024 (28833 Views)

Re: Economy: Nigerians Look Up To 10 Companies In 2024 by BondRiv: 5:17pm On Jan 28, 2024

nairalanda1:
That is, if NIgerians are ready to pay for electrictiy at market prices, not government price.

Most people are willing to pay for what they actually consume. Not when there is barely electricity and you keep giving them estimated bills.

Re: Economy: Nigerians Look Up To 10 Companies In 2024 by Adrian9(m): 5:18pm On Jan 28, 2024

Let's simply hope our political class have a change of heart, they are the ones stifling the efforts of the companies with their bad economic policies and even made companies of their own as a conduit for the steady siphoning of our commonwealth

Re: Economy: Nigerians Look Up To 10 Companies In 2024 by Zico5(m): 5:18pm On Jan 28, 2024

Amotolongbo:
Peter Obi International Brewery omitted? 🧐

Re: Economy: Nigerians Look Up To 10 Companies In 2024 by Nice2023(m): 5:20pm On Jan 28, 2024

Amotolongbo:
Peter Obi International Brewery omitted? 🧐

Shameless talk.

1 Like 1 Share

Re: Economy: Nigerians Look Up To 10 Companies In 2024 by toujurs: 5:20pm On Jan 28, 2024*

Amotolongbo:
Peter Obi International Brewery omitted? 🧐

As hungry and single this one is, at 35. This one is hawking bigotry on her head like gala. P.O doesn't own a brewery he has shares in it. I don't understand if some of you Nigerian women were cursed with bitterness. No wonder men beat you all blue black, wih your golddigging mentality.

1 Like

Re: Economy: Nigerians Look Up To 10 Companies In 2024 by nairalanda1(m): 5:22pm On Jan 28, 2024

BondRiv:
Most people are willing to pay for what they actually consume. Not when there is barely electricity and you keep giving them estimated bills.

Problem is, the bills themselves are not cost-reflective.

And then some do not pay for the power they use.

At the end, a combination of the above...government not allowing the discos set their prices, plus the rich and poor not paying for power...and at the end of the day, losses result.

Estimated billing is a symptom of the problem. If most people are not paying for power in a certain area, you end up not getting enough profit...so estimated billing becomes a way to make more money. Even then, e no cover losses.

Meanwhile, MTN, AIRTEL and GLo, as well as DSTV and your local provision store are all in business because they can set their prices, and because if anyone tries to steal airtime...well you can't YOu have to pay all of these companies at the prices they set before you can use their service. Power does not have that benefit.

And government is the one keeping such bad polices.

Re: Economy: Nigerians Look Up To 10 Companies In 2024 by Angelfrost(m): 5:26pm On Jan 28, 2024

Good to know.

I wish them all massive success.

However, in the absence of committed and decisive leadership at national and state levels to improve Security, Electricity supply, Anti-Corruption, and Infrastructure, there will be no improvement.

While these corporate organizations strive to succeed in Nigeria, government must be ready to make the nation safe and business-friendly.

Re: Economy: Nigerians Look Up To 10 Companies In 2024 by dannyspeejay(m): 5:26pm On Jan 28, 2024

Bring Unilever back

Re: Economy: Nigerians Look Up To 10 Companies In 2024 by AviatorMoney(m): 5:27pm On Jan 28, 2024

Amotolongbo:
Peter Obi International Brewery omitted? 🧐

Hahahahaha

Re: Economy: Nigerians Look Up To 10 Companies In 2024 by jaxxy(m): 5:32pm On Jan 28, 2024

All these companies are therefore their private business and interests.

Re: Economy: Nigerians Look Up To 10 Companies In 2024 by flexyrule(m): 5:36pm On Jan 28, 2024

jmoore:
Incomplete list!

Where are the over 2.5 companies?

Those ones are focusing on youth empowerment.

My brother below is representing the...

Re: Economy: Nigerians Look Up To 10 Companies In 2024 by bluefilm: 5:37pm On Jan 28, 2024

As for me, I am only looking up to SPORTYBET

1 Like

Re: Economy: Nigerians Look Up To 10 Companies In 2024 by Benwallt(m): 5:37pm On Jan 28, 2024

Fix electricity, roads and disband market unions. Even dead business will come back to life

Re: Economy: Nigerians Look Up To 10 Companies In 2024 by flexyrule(m): 5:38pm On Jan 28, 2024

SmartyPants:
This article was written by someone at Norrenberger.

Was surprised seeing the baby company on the list.

When the likes of GTCO, Access Holding and Zenith Bank are there still existing.

Small nyash dey shake!

1 Like

Re: Economy: Nigerians Look Up To 10 Companies In 2024 by GUNITGuy: 5:39pm On Jan 28, 2024

My Mind too na Gold Mine too and Treasures of Wealth dey there too bigger than all this companies put together

Re: Economy: Nigerians Look Up To 10 Companies In 2024 by owolabi5: 5:45pm On Jan 28, 2024

Norr......

Re: Economy: Nigerians Look Up To 10 Companies In 2024 by ozo13(m): 5:47pm On Jan 28, 2024

Amotolongbo:
Peter Obi International Brewery omitted? 🧐

Re: Economy: Nigerians Look Up To 10 Companies In 2024 by MadamExcellency: 5:47pm On Jan 28, 2024

nairalanda1:
That is if Nigerians are ready to pay for electricity at market prices, not government prices.

We are talking about industries, not domestic users.

Do you know that Star Paper Mills in Abia State has 6 units of 3 MWatts of Generating Sets totalling 18MWatts of Electricity? They are Diesel Generators and the company buys the diesel at market value and you are asking to pay a fair price for electricity? You do not know that one company operate 18 MWatts that can power a city of domestic users. Stop being obsessed with inflicting more pain on the populace.

Industries and corporations are paying their fair share but the supply is inadequate or non-existent.

1 Like

Re: Economy: Nigerians Look Up To 10 Companies In 2024 by gratiaeo(m): 5:47pm On Jan 28, 2024

Where are Tinubu master plans? Did Tinubu used those companies you mentioned to develop Lagos?
So Nigeria now depend on private business to survive. Nigeria is coursed till we put stop to corruption, incessant killings

Re: Economy: Nigerians Look Up To 10 Companies In 2024 by JasonScoolari: 5:49pm On Jan 28, 2024

Amotolongbo:
Peter Obi International Brewery omitted? 🧐

Was searching for your father's own, couldn't see it 😊

2 Likes

Re: Economy: Nigerians Look Up To 10 Companies In 2024 by Cotonou12: 5:52pm On Jan 28, 2024

Even your fathers own was omitted

Amotolongbo:
Peter Obi International Brewery omitted? 🧐

Re: Economy: Nigerians Look Up To 10 Companies In 2024 by nairalanda1(m): 5:53pm On Jan 28, 2024

MadamExcellency:
We are talking about industries, not domestic users.

Do you know that Star Paper Mills in Abia State has 6 units of 3 MWatts of Generating Sets totalling 18MWatts of Electricity? They are Diesel Generators and the company buys the diesel at market value and you are asking to pay a fair price for electricity? You do not know that one company operate 18 MWatts that can power a city of domestic users. Stop being obsessed with inflicting more pain on the populace.

Industries and corporations are paying their fair share but the supply is inadequate or non-existent.

Well, at the end, as I have told you, the problem is tarrifs are not cost reflective, and a large percentage of customers do not pay for power.

But since you talked down to me last time because I held different views from you, I end it here.

Things cost money. If it makes you angry, I can't do nuthin.

Re: Economy: Nigerians Look Up To 10 Companies In 2024 by Machinegun91(m): 5:55pm On Jan 28, 2024

God I need small money to take care of my family

In Jesus name

Re: Economy: Nigerians Look Up To 10 Companies In 2024 by iLoveYouToo(m): 5:58pm On Jan 28, 2024

Norrenberger isn’t industry-leading please

Re: Economy: Nigerians Look Up To 10 Companies In 2024 by hafeeanubasy: 5:59pm On Jan 28, 2024

Peterpaul96:
I wonder while we don't look up to Tourism in Nigeria.
Egypt generated $15 billion from 14.9 million international tourists in 2023.

I think we should do better.
Look at these beautiful Places on Nigeria

https://www.youtube.com/watch?v=785C7UU_rb4?si=-wksSZreED2r2F70

Will well channelled strategy, we'd generate alot from Tourism

Nigerians comments on social media about their country are enough send serious tourists away

1 Like

Re: Economy: Nigerians Look Up To 10 Companies In 2024 by Chikel20000(m): 6:00pm On Jan 28, 2024

Amotolongbo:
Peter Obi International Brewery omitted? 🧐

see dis one

Re: Economy: Nigerians Look Up To 10 Companies In 2024 by gratiaeo(m): 6:00pm On Jan 28, 2024

nairalanda1:
Well, at the end, as I have told you, the problem is tarrifs are not cost reflective, and a large percentage of customers do not pay for power.

But since you talked down to me last time because I held different views from you, I end it here.

Things cost money. If it makes you angry, I can't do nuthin.

90% of those on prepaid meter pays their bill, how do you expect someone on extmated billing paying you N15000 every month while his neighbor on prepaid hardly finish N5000 monthly. I will comfortable paying N200 per unit on prepaid than paying N15000 monthly on expected billing

Re: Economy: Nigerians Look Up To 10 Companies In 2024 by iLoveYouToo(m): 6:00pm On Jan 28, 2024

Amotolongbo:
Peter Obi International Brewery omitted? 🧐

Give piss a chance undecided

Re: Economy: Nigerians Look Up To 10 Companies In 2024 by hafeeanubasy: 6:01pm On Jan 28, 2024

Konquest:
Very impressive.

Lekki Deep Seaport.

The Nigerian government owns 5 per cent shares, while the Lagos owns 20 per cent and the Lekki Port Investment Holding Inc owns 75 per cent through the Special Purpose Vehicle (SPV- Lekki Port LFTZ Enterprise Limited).

Hope NDI FG favouring LAGOS can read

LAGOS STATE STAKE IN LEKKI PORT IS GREATER THAN THAT OF FG

1 Like 1 Share

Re: Economy: Nigerians Look Up To 10 Companies In 2024 by nairalanda1(m): 6:01pm On Jan 28, 2024

gratiaeo:
90% of those on prepaid meter pays their bill, how do you expect someone on expected billing paying you N15000 every month while his neighbor on prepaid hardly finish N5000 monthly. I will comfortable paying N200 per unit on prepaid than paying N15000 monthly on expected billing

The fact is

1.Your power bills are not cost reflective. They are kept below market price by the government to keep voters happy.

2.40% of customers do not pay for the power they use.

3.I doubt those who are metered who pay are up to 90%

All that adds up.

At the end, most power companies lose money, and do not earn enough to meet their keep.

Proof? 15 licences have been paid for for power stations, yet none of the licencees are doing anything...because they know they would lose money on their investment if they proceed. THey do not benefit anything from getting a licence by the way.

1 2 3 4 5 Reply

Meet The Ceo’s Of The Top 10 Companies In Nigeria(April 2022) • Get Up To 10 Million Naira Loan Within 24 Hours Without Collateral In Nigeria • List Of Top Oil Producing Companies In Nigeria • 2 • 3 • 4

FOREX Users Dump BDCs As Naira/dollar Rates Converge • UBA Celebrates Tony Elumelu On 58th Birthday (photos) • USA Now World’s Biggest Crude Oil Producer