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EPL Chatroom - All Discussions - European Football (EPL, UEFA, La Liga) (4491) - Nairaland

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EPL: Huddlesfield Town Vs Manchester City (full time) 1-2 / EPL: Weekend's Results, Updated Premier League Table And Top Scorers / EPL: Five Things We Learnt From The English Premier League This Weekend (2) (3) (4)

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Re: EPL Chatroom - All Discussions by TrebleChamp(m): 10:18pm On Mar 28
Roland17:




Like I always say, part of Nigeria's major problem is lack of strong institutions.

Betting has to be absolutely regulated with stringent rules, otherwise it is would be abused by the betting companies and it's users. By the time regulations come, these early birds would have relegated and feasted on Nigerians.

Setting daily limit is very important, especially in a country like Nigeria.
Chief some of our youth are far dip and may likely never stop playing sport betting. You see kids below 15years holding bet slip like it is legal for them to play bet. I believe some parent even send their underage kids to go play game for them at betting shop.
Re: EPL Chatroom - All Discussions by OasisX: 10:20pm On Mar 28
raumdeuter:


If na the time wey Banks dey get Dollar at official rate, Na to find money float bank just for dollar round tripping

10bn na $6m

grin

.......Cardi B is different from Meffy. Operation step up or step out.
Re: EPL Chatroom - All Discussions by User09: 10:21pm On Mar 28
larride:
Law firms and investment banks about to eat good this period.

Well....

How many banks meet the 500bn criteria though?
Re: EPL Chatroom - All Discussions by Itsrm(m): 10:22pm On Mar 28
raumdeuter:


Shebi I analyzed this same thing to Sportsweb. It's not statistically possible to be profitable in the short nor long run with sport betting

Those who write the odds are not fools

I wonder how much effort they put into preparing those odds.

If people who are brilliant physicists, programmers and mathematicians have not figured out a way to consistently beat the bookies, I don't think we stand any chance.
Re: EPL Chatroom - All Discussions by User09: 10:22pm On Mar 28
OasisX:


grin

.......Cardi B is different from Meffy. Operation step up or step out.

Is there a way I can get the circular?

Can you share with me
Re: EPL Chatroom - All Discussions by OasisX: 10:23pm On Mar 28
User09:


Is there a way I can get the circular?

Can you share with me


grin

.......check below.

https://twitter.com/cenbank/status/1773458439911403713?t=ZqhH9S9kBjxf8KbVBA8jLQ&s=19
Re: EPL Chatroom - All Discussions by OasisX: 10:25pm On Mar 28
grin


“For existing banks, the minimum capital specified above shall comprise paid up capital and share premium. For the avoidance of doubt, the new capital requirement shall NOT be based on shareholders fund”

PBAT is stlll warming up, Nigeria must be fixed by all means possible.
Re: EPL Chatroom - All Discussions by User09: 10:26pm On Mar 28
OasisX:
grin


“For existing banks, the minimum capital specified above shall comprise paid up capital and share premium. For the avoidance of doubt, the new capital requirement shall NOT be based on shareholders fund

PBAT is stlll Warning up, Nigeria must be fixed by all means possible.

Damn..he came for their Jugular.

They cant even hide under SHF.

Look like a lot of M&A and capital (likely dollar) injection coming in

2 Likes

Re: EPL Chatroom - All Discussions by User09: 10:27pm On Mar 28

1 Like 1 Share

Re: EPL Chatroom - All Discussions by OasisX: 10:27pm On Mar 28
grin


“Finally, all banks are required to submit an implementation plan (clearly indicating the chosen option(s) for meeting the new capital requirement and various activities involved with their timelines). The plan shall be submitted to the Director, Banking Supervision Department, Central Bank of Nigeria, not later than April 30, 2024.”

....................Cardi B no get joy sha. LOL!

1 Like

Re: EPL Chatroom - All Discussions by larride(m): 10:29pm On Mar 28
User09:


Hmm...Another dollar injection coming in.

Naira may go on a strengthening spree for a while


The official market had a turnover of over $850m today alone. Almost $2bn this week.
Re: EPL Chatroom - All Discussions by larride(m): 10:31pm On Mar 28
User09:


Well....

How many banks meet the 500bn criteria though?

For the international spread, GT, Access, Stanbic IBTC, Zenith, UBA, First Bank will most likely meet the criteria.

Those tier 1 banks, most of them have a market capitalization of over 1 trillion or close to 1 trillion.
Re: EPL Chatroom - All Discussions by User09: 10:35pm On Mar 28
larride:


For the international spread, GT, Access, Stanbic IBTC, Zenith, UBA, First Bank will most likely meet the criteria.

Those tier 1 banks, most of them have a market capitalization of over 1 trillion or close to 1 trillion.

I doubt they do

Remember its strictly Share capital and Premium. If I remember correctly, Zenith which is one of the biggest is just around 300bn plus.

Most of them will have to raise or merge
Re: EPL Chatroom - All Discussions by larride(m): 10:41pm On Mar 28
User09:


I doubt they do

Remember its strictly Share capital and Premium. If I remember correctly, Zenith which is one of the biggest is just around 300bn plus.

Most of them will have to raise or merge

That's true but I believe they will raise the sum needed easily.

Access bank already announced this morning that they are going to raise $1.5bn for their expansion through rights issue.

Most of the tier 1 banks are already prepared for this recapitalization since Cardoso mentioned it during his first dinner night with bankers.

https://www.bloomberg.com/news/articles/2024-03-28/nigeria-s-biggest-bank-plans-to-raise-1-8-billion-for-expansion?srnd=economics-v2

2 Likes

Re: EPL Chatroom - All Discussions by Theflint1(m): 10:44pm On Mar 28
Roland17:


If a betting company sets $100 as the highest (limit) amount for a prop, I can not wager $101, even if I have it because it will be declined. Without the limit set at $100, I could wager $1000 on that prop and if I win, it increases my cash out. Simply put, everyone is held to the same limit, irrespective of your pocket. That is the way the companies regulate what you can wager.
Some persons don't have discipline with food, any limitations on how much food they can order? I think this thing is more about natural conditioning that betting is bad, and not necessarily the logic of regulations as you suggest. How can I be a billionaire and I'd be restricted to $100 bets that neither give me reasonable profits nor the thrill that comes with betting.
Re: EPL Chatroom - All Discussions by User09: 10:45pm On Mar 28
larride:


That's true but I believe they will raise the sum needed easily.

Access bank already announced this morning that they are going to raise $1.5bn for their expansion through rights issue.

Most of the tier 1 banks are already prepared for this recapitalization since Cardoso mentioned it during his first dinner night with bankers.

https://www.bloomberg.com/news/articles/2024-03-28/nigeria-s-biggest-bank-plans-to-raise-1-8-billion-for-expansion?srnd=economics-v2

Lol.

Someone probably snitched or they saw it coming from CBN.

Yeah...It's obvious forex injection is the most likely option or maybe a merger or a downgrade
Re: EPL Chatroom - All Discussions by Theflint1(m): 10:47pm On Mar 28
Roland17:


I see your angu. People should bet what they can afford to lose. Whenever Bet ads come up on TV or any screen, they always reiterate that warning.
Exactly, more investments in warning, maybe momentary breaks for persons logged in for online bets like dog, horses, virtual soccer and the likes...stuffs to just allow people time to pause and gather their thoughts for some bit before choosing to continue or not. I'm sure countries like US have robust regulations on these things sha, so the work shouldn't be too hard when we're ready.
Re: EPL Chatroom - All Discussions by larride(m): 10:47pm On Mar 28
User09:


Lol.

Someone probably snitched or they saw it coming from CBN.

Yeah...It's obvious forex injection is the most likely option or maybe a merger or a downgrade

Yeah. Cardoso has mentioned it twice last year so reasonable banks should have something in the work already.

Forex injection for the tier 1 banks, merger and acquisition for the lower banks.
Re: EPL Chatroom - All Discussions by Itsrm(m): 10:48pm On Mar 28
User09:


I doubt they do

Remember its strictly Share capital and Premium. If I remember correctly, Zenith which is one of the biggest is just around 300bn plus.

Most of them will have to raise or merge

Saw this. Banks like unity and jaiz bank are gone.

https://twitter.com/ugodre/status/1773465870221611233/photo/1

Re: EPL Chatroom - All Discussions by larride(m): 10:54pm On Mar 28
Itsrm:


Saw this. Banks like unity and jaiz bank are gone.

https://twitter.com/ugodre/status/1773465870221611233/photo/1

Wow. Didnt know Ecobank is this strong.
Re: EPL Chatroom - All Discussions by Itsrm(m): 10:56pm On Mar 28
larride:


Wow. Didnt know Ecobank is this strong.


Was also surprised. Maybe it has to do with them having international exposure.

Meanwhile, northerners are saying it's a plan to take out northerners from the banking industry just as Soludo did cheesy
Re: EPL Chatroom - All Discussions by raumdeuter: 10:59pm On Mar 28
Itsrm:


Was also surprised. Maybe it has to do with them having international exposure.

Meanwhile, northerners are saying it's a plan to take out northerners from the banking industry just as Soludo did cheesy

Make dem raise the money na, Shebi all dem BUA Rabiu and Dangote hold bar pass everyone

2 Likes

Re: EPL Chatroom - All Discussions by User09: 11:00pm On Mar 28
Itsrm:


Saw this. Banks like unity and jaiz bank are gone.

https://twitter.com/ugodre/status/1773465870221611233/photo/1

Looks like I was wrong on the 300bn

Well 270bn is still closer to the N300bn.

Anyway, point still stands. Most if not all of them will have to raise. The good thing is there's a 2 year window for it to happen

As for the Unity and Jaiz bank, They may have to downgrade to a regional bank if they cant meet up

1 Like

Re: EPL Chatroom - All Discussions by larride(m): 11:02pm On Mar 28
Itsrm:


Was also surprised. Maybe it has to do with them having international exposure.

Meanwhile, northerners are saying it's a plan to take out northerners from the banking industry just as Soludo did cheesy

They should meet up the requirement or downgrade their license.

How many Northerners own Banks sef?

1 Like

Re: EPL Chatroom - All Discussions by larride(m): 11:02pm On Mar 28
National grid collapse.
Re: EPL Chatroom - All Discussions by TrebleChamp(m): 11:09pm On Mar 28
larride:
Meanwhile the CBN has set a minimum of 500bn as capital base for banks.

Recapitalization of banks has started.

So many merger and acquisition about to go down in the banking industry.

International Spread- N500bn
National Spread - N200bn
Regional - N50bn
Merchant Banks - N50bn
Non-Interest Banks(National) - N20bn
Non-interest (Regional) - N10bn

Updated
I hope a better Bank final acquires the very useless Polaris Bank and First Bank. I went to both Bank at Alausa and Agidingbi today, ATM machine was out of service and they told me I can only withdraw 10k from the counter. Useless Banks
Re: EPL Chatroom - All Discussions by Roland17(m): 11:42pm On Mar 28
Theflint1:
Some persons don't have discipline with food, any limitations on how much food they can order? I think this thing is more about natural conditioning that betting is bad, and not necessarily the logic of regulations as you suggest. How can I be a billionaire and I'd be restricted to $100 bets that neither give me reasonable profits nor the thrill that comes with betting.

Because betting isn’t gambling. While they are sometimes misconstrued to mean same, they are different.
Re: EPL Chatroom - All Discussions by larride(m): 11:44pm On Mar 28
TrebleChamp:
I hope a better Bank final acquires the very useless Polaris Bank and First Bank. I went to both Bank at Alausa and Agidingbi today, ATM machine was out of service and they told me I can only withdraw 10k from the counter. Useless Banks

Otedola is the majority shareholder of First Bank now.
Re: EPL Chatroom - All Discussions by Roland17(m): 11:44pm On Mar 28
TrebleChamp:
Chief some of our youth are far dip and may likely never stop playing sport betting. You see kids below 15years holding bet slip like it is legal for them to play bet. I believe some parent even send their underage kids to go play game for them at betting shop.

I agree with everything you put up there but we have to keep these betting companies in check because they have extreme predatory tendencies.

2 Likes

Re: EPL Chatroom - All Discussions by larride(m): 11:45pm On Mar 28
Roland17:


Because betting isn’t gambling. While they are sometimes misconstrued to mean same, they are different.

Can you explain more please?
Re: EPL Chatroom - All Discussions by Sportsweb: 11:49pm On Mar 28
GloriousGbola:
https://www.nairaland.com/8045055/crypto-king-sam-bankman-fried-sentenced

how it all ended
Looks like fraud full this crypto world. ⁩ imagine a market where top CEO of different big crypto companies are getting charged with corruption

1 Like

Re: EPL Chatroom - All Discussions by Sportsweb: 11:57pm On Mar 28
raumdeuter:


Shebi I analyzed this same thing to Sportsweb. It's not statistically possible to be profitable in the short nor long run with sport betting

Those who write the odds are not fools
it's possible bro.

I don't follow Mr Banks. He bet games so randomly. He stakes game on Stake, sporty, paripesa And several others. Anyone following him is likely to get wreck Sha. But I know he is making gains. Last year he smashed 400k dollars on stake, it made news then.

https://twitter.com/PulseSportsNG/status/1716174135284420896?t=E-Se8-WVxoN4J8wm4UXryg&s=19

As for mayor, that one is making money. He has already used majority of his winning to establish several biz in Abuja.

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