₦airaland Forum

Lurker4Long:
Care to provide some proof for the 3 points above?

Kabe1 is on a rare Peruvian product.

Lurker4Long:
I know he is wrong, but perhaps he has figures we all don't have.
Entertainment & Media revenue for 2023:
SA: $16.1bn
NG: $9.0bn
Kenya: $3.8bn
Source: https://www.pwc.co.za/en/assets/pdf/africa-entertainment-media-outlook-2024.pdf

Although the Nigerian entertaiment industry has more reach, it does not necessarily generate more money.

I am not an expert in that field so I don't know why despite its reach, it is still not the bigger earner. Maybe like most other things, this comes down to the value of the Naira which has depreciated considerably in the last couple of years.

I remember in 2014 when our GDP highest in our country's history, it was worth more. But at the time, nollywood only was worth only 3billion dollars.

Obviously today, I think they are more creative than they were back in 2014 but probably, the value of the Naira is still having a negative effect here.

Faithful007:
Kabe1 is on a rare Peruvian product.

i don't agree with this list since it has Access there and no First, Union, Zenith or UBA there. These are the biggest in Nigeria when it comes to assets and I think, liquidity.

Anyway, I am not an expert so, would not really know. But if you were to ask any Nigerian on ground, I think those other banks I named would be mentioned ahead of Access Bank.

Faithful007:
Kabe1 is on a rare Peruvian product.

Both your lists are outdated, btw.
The top 30 banks in 2024:

MiddleDimension:
i don't agree with this list since it has Access there and no First, Union, Zenith or UBA there. These are the biggest in Nigeria when it comes to assets and I think, liquidity.

Anyway, I am not an expert so, would not really know. But if you were to ask any Nigerian on ground, I think those other banks I named would be mentioned ahead of Access Bank.

Access bank is Nigeria’s largest bank by assets under management. It’s all over the internet.

Lurker4Long:


Both your lists are outdated, btw.
The top 30 banks in 2024:

This is a more comprehensive ranking that brings in other factors besides assets.

The asset numbers are basically the same range with the list I shared.

Faithful007:
.

Top 30 companies by market cap, 2024.
I've marked the non-SA ones.

Faithful007:
This is a more comprehensive ranking that brings in other factors besides assets.

Of course it is. All our clients would fire us if we didn't produce comprehensive analysis.

Faithful007:
Access bank is Nigeria’s largest bank by assets under management. It’s all over the internet.

ok

So kabe1 started this low grade arguments in 2025. Have we not moved passed such nonsense since the 2010s?

Odunayaw:
So kabe1 started this low grade arguments in 2025. Have we not moved passed such nonsense since the 2010s?

Louder, for the kids at the back!

Moving on from the Naija SA debate. Let me go back to mention what I initially wanted to say here before I got distracted.

The M346 purchase by NGA is such a good buy. I remember watching a video of the IDF where they upgraded theirs from a mere jet trainer to a precision strike practice aircraft. So technically IDF pilots do most of their initial combat sortie training on the M346 instead of the F35.

IMO this aircraft needs to be a staple for other decent African countries that want to build their airforce.

New Milkor naval vessels take shape

Milkor has made significant strides in expanding its presence across all spheres of defence and security. This was particularly evident at the IDEX and NAVDEX 2025 exhibitions in Abu Dhabi last month where Milkor unveiled its new 30-metre vessel for the first time.

“I think it’s one of the busiest shows that I’ve ever attended and I’ve attended quite a few globally,” Daniel du Plessis, Milkor’s Marketing and Communications Director told defenceWeb. He said it was a good showcase for Milkor especially as the company has a local presence, and the show gave potential end users in the Middle East a chance to see Milkor’s products firsthand.

The company’s new 30-metre Interceptor is aimed at providing quick response and situational awareness capabilities for inshore patrol operations such as counter-piracy and illegal fishing, for example. Key features include a top speed of up to 50 knots and an integrated flight deck designed for operating a vertical takeoff and landing (VTOL) unmanned aerial vehicle (UAV) with 3.5-meter wingspan, complete with control station and maintenance facility. Up to three UAVs can be accommodated on board.

The vessel can also accept a deployable 3.4 metre rigid-hulled inflatable boat and two aft deck heavy weapon stations. Additional features include satellite communications, Furuno radar, electro-optical/infrared (EO/IR) gimbal, and HF radio for connectivity, navigation, imaging, and distress safety.

This new offering is set to add to Milkor’s existing naval capability, with the company already having designed and produced the smaller Milkor IPC (Inshore Patrol Craft) which is primarily aimed at near shore patrols, coast guard, and policing operations. Additionally, Milkor is in the process of significantly expanding its naval offerings with systems such as the Arsenal, Commander, and Ripper, all of which are sub-35-metre vessels aimed at bringing speed and awareness to inshore naval operations.
Notably, according to James Cottrell, Head of Marine Projects at Milkor UAE, Milkor’s new 16-metre Commander high-speed and long-range patrol craft is the final stages of qualification testing and set to launch in the first half of 2025.

Development of the Commander started in 2023 and a scale model was displayed in public for the first time at the World Defense Show in Riyadh in February 2024. The aluminium monohull design has a full load displacement of 20 tonnes, an overall length of 16.5 metres, and can be powered by either two Caterpillar C12.9 1 000 hp engines or alternatively two Volvo D13 1 000 hp engines, driving waterjets. This gives a maximum speed of 45 knots and a cruising speed of 35 knots for a range of 500 nautical miles.

“We’ve actually branched out to a whole range of vessels that cater for different clients ranging from BMA to Coast Guard to Navy to special forces and marines as well,” du Plessis emphasised.

Milkor’s naval offerings are reflective of the company’s growing international presence and ambition and the UAE’s drive for locally produced systems. Speaking to defenceWeb, du Plessis said that “the office in UAE is predominantly responsible for the naval systems development and manufacturing as well. So, a lot of the in-house design and manufacturing capabilities for the naval systems that we produce also resides there as well.”

Since relocating its naval headquarters to the UAE, Milkor has focused on deepening local and regional partnerships as well as expanding its capabilities, with du Plessis telling defenceWeb: “we’ve expanded our naval capabilities in terms of naval architects, ship builders, different mechanical engineers and propulsion engineers as well as various different elements that come together with developing new naval systems.”

He added that Milkor’s naval operation are aimed at filling a “key gap in the market for inshore patrol operations, essentially boats that are 6 to 35 meters specifically used in coast guard or naval applications maybe by marine forces as well, to do inshore naval patrol operations.”

“At the moment this is what we’ve seen in in the African continent, but this is also applicable in the Middle East and globally as well: issues around piracy, illegal fishing activities, and various smuggling activities. While in the Middle East we’ve seen a lot of insurgents and insurgent groups using naval platforms and close to shoreline operations to actually intercept some freighter vessels and container ships.

“In Asia we specifically see, because of the multitude of islands in the various shared oceans and maritime borders that they have there, a lot of infringement on these things and as well as a lot of smuggling activities.”
As Milkor continues to expand its global presence and its naval offerings the company is confident that it has be capability to meet market demands and continue its strong growth trajectory.

US coast guard....

ALTI Unmanned takes flight into fully electric future

Knysna, South Africa-based unmanned aerial systems (UAS) designer and manufacturer, ALTI has officially announced its transition to a fully electric fleet, starting with the launch of its Transition e-VTOL UAS.

The company said this aircraft represents a significant leap forward in sustainable aerial technology, catering to military, security, and conservation missions.

The Transition is ALTI’s first fully electric vertical take-off and landing (e-VTOL) aircraft, designed to enhance efficiency, reduce costs, and minimise environmental impact. Its all-electric propulsion system eliminates emissions while significantly lowering operational and maintenance expenses, it said. The aircraft has a three-hour flight endurance, a 100-kilometer range, and a cruise speed of 40 kilometres per hour.

Duran De Villiers, Founder and Director of ALTI Unmanned, noted the importance of this shift, stating that the “stems from the need to meet our clients’ evolving demands. We’ve focused on delivering an aircraft that’s as close to 100% reliable as possible, safe, cost-effective, and virtually undetectable. Our clients, whether in surveillance, reconnaissance, or conservation, require an aircraft that’s not only efficient but also silent and stealthy.

“While going all-electric, we continue to lead the way with best-in-class endurance, achieving over three hours of flight time, fully equipped with payload. Moving into an all-electric future allows us to ensure that we continue to meet these needs while offering the most advanced, dependable solutions available.”

The aircraft’s low operational cost, estimated at under ten dollars per hour, makes it a practical and sustainable choice for long-range missions, ALTI said.

The company’s UAV range stands out due to its ability to take off vertically using rotors and then transition to horizontal flight – this does away with the need for runways or complex launch and recovery methods.

ALTI has shipped more than 1 000 unmanned aircraft to over a dozen countries since 2012. In 2021, Israel’s Avnon Group concluded an agreement to acquire a substantial stake of equity in ALTI, with UAV co-production to take place in Israel.

https://www.protectionweb.co.za/industry/alti-unmanned-takes-flight-into-fully-electric-future/

Ugandan special forces deploy to South Sudan to protect government as civil war fears grow

KAMPALA, Uganda (AP) — Uganda has deployed an unknown number of troops to South Sudan in a bid to protect the fragile government of President Salva Kiir as a tense rivalry with his deputy threatens a return to civil war in the east African nation.

Ugandan special forces have been deployed to Juba, the South Sudanese capital, “to support the government of South Sudan” against a possible rebel advance on the city, said Maj. Gen. Felix Kulayigye, a spokesperson for the Ugandan military.

“We sent a force there two days ago,” he said. “We are not there for peacekeeping.”

In deploying Ugandan soldiers to Juba, Ugandan President Yoweri Museveni moved as a guarantor of the peace process that keeps Kiir and Machar together in a delicate government of national unity, Kulayigye told The Associated Press Tuesday.

Kiir and Museveni are allies, and Museveni has in the past intervened in the South Sudan conflict to keep Kiir in power.

The deployment of Ugandan troops to South Sudan underscores rising tensions in the oil-producing country that has been plagued by political instability and violence since it gained independence from Sudan in 2011.

The U.S. on Sunday ordered nonemergency government personnel to leave Juba. The U.N. is warning of “an alarming regression that could erase years of hard-won progress” in South Sudan.

The latest tensions stem from fighting in the country’s north between government troops and a rebel militia, known as the White Army, that’s widely believed to be allied with Machar.

Last week a South Sudanese general was among several people killed when a United Nations helicopter on a mission to evacuate government troops from the town of Nasir, the scene of the fighting in Upper Nile state, was shot at. Earlier in the week, after the White Army overran the military garrison in Nasir, government troops surrounded Machar’s home in Juba and several of his allies were arrested. Deputy army chief Gen. Gabriel Duop Lam, who is seen as loyal to Machar, was among those detained.

Kiir had angered Machar’s group earlier in the year by firing officials seen as loyal to Machar, who has charged that “persistent violations through unilateral decisions and decrees threaten the very existence” of their peace pact.

Kiir urged calm after last week’s helicopter incident, saying in a statement that his government “will handle this crisis and we will remain steadfast in the path of peace.”

Civil war erupted in South Sudan in late 2013 when a rift between Kiir and Machar escalated into fighting along ethnic lines. Kiir, an ethnic Dinka, accused a group of soldiers loyal to Machar, an ethnic Nuer, of trying to take power by force.

Machar escaped Juba, and later rebels loyal to him came close to capturing Juba but were repulsed by a combined force of South Sudanese soldiers loyal to Kiir and Ugandan special forces.

More than 400,000 people were killed in the 5-year civil war that followed.

With the support of regional leaders and the international community, Kiir and Machar signed a peace deal in 2018 and Machar returned to Juba as South Sudan’s first vice president.

But the political rivalry between South Sudan’s top two leaders — with Kiir suspicious of his deputy’s ambitions and Machar calling Kiir a dictator — remains an obstacle to lasting peace. Both men have been accused of violating multiple ceasefires.

Kiir and Machar are under pressure from the U.S. and others to more quickly implement the 2018 peace deal and prepare for elections.

Challenges include the government’s failure to implement promised reforms such as completing the unification of the army command.

Presidential elections, repeatedly postponed, are now scheduled for 2026.

https://www.pbs.org/newshour/world/ugandan-special-forces-deploy-to-south-sudan-to-protect-government-as-civil-war-fears-grow

andrewza:
you do under stand that WW3 will be nuclular right. Robust or not the econmy will be gone. I mean you do realize thati think african people will get off better than the country takingpart in the war. Our countries might not survive but we will be in a better shap than europe, asia and north america. So again who will you sell you oil to?

Not necessarily and even if it was which I could possibly see when Russia inevitably starts loosing without a ceasefire or peace agreement and even then it’s likely to be more strategic than FIRE ALL MISSILES enter Nuclear Armageddon.

A conventional war or low yield nuclear affair will not make both America & China’s economies go bye bye. Africa “sells” more than just oil and has the potential to do more and would have the cards to do more in such a position.

After all there’s going to be a lot of rebuilding to do. Should the rest of the world go bye bye like you assume we can sell amongst ourselves, to South America, and the numerous conclaves that will make up the North American & Eurasian Wastelands.😂

Looking at this latest US State Dept. travel advisory, I think it's time the rest of the world compiled our own advisories on each US state.

Lurker4Long:
Looking at this latest US State Dept. travel advisory, I think it's time the rest of the world compiled our own advisories on each US state.

during Covid some eurpean country advised citzens in countries with poor health care like america to return home

Lurker4Long:
Looking at this latest US State Dept. travel advisory, I think it's time the rest of the world compiled our own advisories on each US state.

Agreed

😂😂😂

Props to the cameraman for timing it perfectly on the first pic

Now a days, AI has made our lives easier. WorkForce AI is one kind of example. Now we can continue our office activities easily.

AskiaHarem:
...Kagame going from the supposed “Hero of Africa” building “African Singapore” to typical resource power hungry dictator. 😂

Anybody who ever believed that fakery was either not paying attention or an idiot.

....and the plot thickens...

https://www.theguardian.com/world/2025/mar/15/south-africa-ambassador-us-no-longer-welcome-marco-rubio-ebrahim-rasool

.... Republicans have gotten to this level, it's a new low every day. It's like they're racing to get see how quickly they'll get to the lowest. 🤔

Nigeria a leading manufacturer of military equipment in Africa.

Proforce Defence presents the PF Hulk to Nigeria's Minister of State for Defence.

Proforce has secured orders for Nigeria and Mali.

GreenandGold:
.... Republicans have gotten to this level, it's a new low every day. It's like they're racing to get see how quickly they'll get to the lowest. 🤔

They are not ashamed, playing to Netanyahu's tune.

GreenandGold:
.... Republicans have gotten to this level, it's a new low every day. It's like they're racing to get see how quickly they'll get to the lowest. 🤔

Well he basically called Trump a racist.....so yeah, ambassadors should know their place, especially when we are trying to patch already rocky relations