A town hall different from babablu

There was a country indeed!

Fearyourcreator:

Yinmu ... The price of their products no go up ni or what ?

Average plate of food with a bottle of coke cost N2300 last year, you can barely get the same for N3500, if you want to eat very well budget N5000.

Only 1% of Nigerians can afford it, many eateries can barely use their diesel generator and air-condition once there is power outage

I told them that this Muslim- Muslim ticket and sidelining of Christians ✝️ in the scheme of things since 2015 will spell doom but they called me names. Now look at the calamity that has befallen the so called giant of Africa.

And Tinubu is going all over the
world to invite investors to come to
Nigeria so that they can kill their businesses
with senseless APC economic and financial policies❗️❗️

kettykin:


Average plate of food with a bottle of coke cost N2300 last year, you can barely get the same for N3500, if you want to eat very well budget N5000.

Only 1% of Nigerians can afford it, many eateries can barely use their diesel generator and air-condition once there is power outage

5k for Wetin ... Where I dey chop offada every morning if I spend 1500 there my stomach go wan burst ... Iyabeji olofada... Na una Sabi where una dey chop una food ooo

kettykin:


Average plate of food with a bottle of coke cost N2300 last year, you can barely get the same for N3500, if you want to eat very well budget N5000.

Only 1% of Nigerians can afford it, many eateries can barely use their diesel generator and air-condition once there is power outage

True , was in one eatery recently around 7pm and the lights went off, the manager told us to be patient that they have no diesel but hopefully the lights will come back soon.

kettykin:
Most of the multinational companies aside banks and oil companies operating in Nigeria made mouth gaping losses .
I foresaw all this sometime last year and made a thread that Lagos was gone and I was called names .

Lagos eateries are barely making any progress

Lagos has gone where🤔

Fearyourcreator:

5k for Wetin ... Where I dey chop offada every morning if I spend 1500 there my stomach go wan burst ... Iyabeji olofada... Na una Sabi where una dey chop una food ooo

Go to the average eatery in Island or mainland

This broadday light scam believe me

APC and Tinubulation no be your mate, go and ask Gsk

FreeStuffsNG:

Paper loss

Cadbury is in great hands. The majority shareholder is getting a steal by increasing its stake in Cadbury Nigeria immediately after a forex devaluation before the naira recovers fully and cancel their forex gain in naira; purely smart business decision.
You don't increase your stake in a bad business.
Check my signature for free stuffs!

Dumbo !! Are you also going to call them enemy of Nigeria, for daring to report huge loss under tinubu ? Always spewing rubbish.

They will soon runaway from Nigeria to a neighboring Country





I fear who no fear APC...

Beautiful news

KillIgbohoN0W:


Source: Nairametrics

Anything Tinubu Touches, Dies

Gadafii:
If APC is not stopped, they will take us back to stone age 😂😂😂

We are there already. Ogun State women confirmed it. They are cooking with firewood now not gas.

How? Atiku supporters voted for Tinubu?

benitwater:
Lagos has gone where🤔

Most prominent businesses running in Lagos are neck deep in debts, when the debts become unpayable, the companies become insolvent and collapse or sell off , when this happens to a good number of companies and businesses, there will be a bandwagon effect leading to the widespread collapse and deindustrialization of Lagos.

The government should declare a real state of emergency on the economy.
Mtn alone is owing more than N1trillion.


Wait till you hear first quarter business reports for 2024.


The money for the coastal highway should be used to bailout companies, what will they highway carry when companies are in distress and neck deep in debts

Dosoq:
Loss my FOOT!

After increasing the prices of all their products, most especially the bournvita chocolate tea, a carton of the small sachet of bournvita chocolate tea was #23500 as at February(as at the last time I bought it),I'm sure it's not less than #24k+ as we speak ,let alone other products.

They have doubled the price of all their goods,so they should stop crying for loss.

When men call you people fish brains, you'll get annoyed

That thing you wrote up there, did you think before writing it?

If the cost of production increases, a company should maintain the old price because you have hole in between your legs?

Use your damn brain

Dosoq:
Loss my FOOT!

After increasing the prices of all their products, most especially the bournvita chocolate tea, a carton of the small sachet of bournvita chocolate tea was #23500 as at February(as at the last time I bought it),I'm sure it's not less than #24k+ as we speak ,let alone other products.

They have doubled the price of all their goods,so they should stop crying for loss.

Preach!

KIDfurniture:
Beautiful news

This is not beautiful news at all .

KillIgbohoN0W:


Source: Nairametrics

I think I can now conclude that all these multinationals are publishing fake figures to evade paying tax or for agenda best known by them.
The prices of all their SKUs were increased on the basis of the current economic realities then how come they are recording losses. Something is not adding up..Are they giving out their products free of charge? The last time I checked the increase in exchange rate jacked up price of virtually everything, the question now Is that how is 2 + 2 ceased to be 4..
A lot of questions need to be asked . Haha!

FreeStuffsNG:

Paper loss

Cadbury is in great hands. The majority shareholder is getting a steal by increasing its stake in Cadbury Nigeria immediately after a forex devaluation before the naira recovers fully and cancel their forex gain in naira; purely smart business decision.
You don't increase your stake in a bad business.

Only cyberbullies with zero knowledge of financial statements will struggle to understand that this is a paper loss and that the winner is the majority shareholder.
Check my signature for free stuffs!

Bro....you like saying the opposite. Somebody reported losses, you say it's paper loss. How?
And some people will say you know what you are saying. Nigeria is finished

Tinubu, why? Another mass sacking loading

Faiththatworks:
I believe this headline about companies making losses are misleading.
These companies are making massive revenues with marginal increases in expenditure,but when it's time to declare dividend,they bring up this loss abracadabra.
This loss they are basically declaring is from their exposure to foreign debts, these companies secured foreign loans in the cause of doing their business,but now that it's time to repay, the exchange rate has now ballooned.
These companies should be more open on where their losses are coming from and stop this facade that the Nigerian Economy is in massive depression,their losses is not because the Economy is bleeding,but because of their exposure to foreign loans.
God bless Nigeria.....

These are also legal tactics for tax avoidance.

Great0ne1:

Dumbo !! Are you also going to call them enemy of Nigeria, for daring to report huge loss under tinubu ? Always spewing rubbish.

The guy matter tire me.

...this can only be from a stark illiterate

Dosoq:
Loss my FOOT!

After increasing the prices of all their products, most especially the bournvita chocolate tea, a carton of the small sachet of bournvita chocolate tea was #23500 as at February(as at the last time I bought it),I'm sure it's not less than #24k+ as we speak ,let alone other products.

They have doubled the price of all their goods,so they should stop crying for loss.

God abeg bless me with money

KillIgbohoN0W:


Source: Nairametrics

Tinubu the wiper

Thanks!

They think all of us are stupid as the Obiots they are entertaining.

How for gosh's sake does a company that get all their raw materials in Nigeria and sell finished products made in Nigeria worldwide report a loss?

Nothing but creative accounting. They are are looking towards Central Bank for money laundering, otherwise threaten job loss.

Dosoq:
Loss my FOOT!

After increasing the prices of all their products, most especially the bournvita chocolate tea, a carton of the small sachet of bournvita chocolate tea was #23500 as at February(as at the last time I bought it),I'm sure it's not less than #24k+ as we speak ,let alone other products.

They have doubled the price of all their goods,so they should stop crying for loss.

Do you guys think with your fish brain?

Samakus:



When men call you people fish brains, you'll get annoyed

That thing you wrote up there, did you think before writing it?

If the cost of production increases, a company should maintain the old price because you have hole in between your legs?

Use your damn brain

I suspected it because the way all their products just go up once i know Nigerians we turn their back on them.

Faiththatworks:
I believe this headline about companies making losses are misleading.
These companies are making massive revenues with marginal increases in expenditure,but when it's time to declare dividend,they bring up this loss abracadabra.
This loss they are basically declaring is from their exposure to foreign debts, these companies secured foreign loans in the cause of doing their business,but now that it's time to repay, the exchange rate has now ballooned.
These companies should be more open on where their losses are coming from and stop this facade that the Nigerian Economy is in massive depression,their losses is not because the Economy is bleeding,but because of their exposure to foreign loans.
God bless Nigeria.....

I was going to say this too. They made good profit and FIRS is not going to listen to this story.
Besides, this account they are presenting Is not just for Nigerian stakeholders, hence they decided to dollar denominated their profit/loss.