₦airaland Forum

HiFreda:
Bone head!!
Their establishments gave jobs to thousands of people, who were in turn able to make a living and feed their families.
Now that their businesses are down, they will be forced to disengage many staff, leading to an increase in unemployment and poverty.
Having a job after this pandemic is more important than any useless 20k palliative anybody can give you.

HiFreda:
Bone head!!
Their establishments gave jobs to thousands of people, who were in turn able to make a living and feed their families.
Now that their businesses are down, they will be forced to disengage many staff, leading to an increase in unemployment and poverty.
Having a job after this pandemic is more important than any useless 20k palliative anybody can give you.

Jayoficial:
When they were making the money where were you? They owe nobody 1 cent.
Wait oh, you that's talking, what have you done for your people?

djon78:
That's why I don't take all these Forbes estimate serious. Most of these billionaires can get totally wiped out once the economy, capital markets, or currency value goes down south.

That's why some rich guys don't want there business to be exposed to capital markets. They just want to be anonymous.

I remember one $ billionaire from Brazil Ortega. In 2012 analyst were speculating him to be one of the richest men in the world in few years. Because his company discovered oil off the coast of Brazil.
But later the Wells were not viable and the guy crashed, even went bankrupt.
These there billions can be wiped out.
And the present global economic outlook is not looking good at all. Depression which is worse may hit the world and not even recession.

Roon9:
Billionaire loses billions
Millionaire loses millions
It balances out jor


Call for a decent solar plan for your home and businesses comprising a 1kva luminous inverter, 200AH battery and 4*150W solar module for up to 18hrs uninterrupted power supply daily. All for just #315,000

kiddkash:
this is exactly why i hate socialism. people thinking they have the right to someone else's money.
exactly what Bernie sanders was preaching to American people.

Capitalism is the only way to go

Abalado:
Even me I lose up 40k per day, bcs my bet9a tickets they give me 30k to 30k per day, no be only them lose abeg

Blossomfirst:
No Igbo man, no idoma, no Fulani, no Esan. Why?

DexterousOne:
The Forbes estimates are closest to accurate


If you have an opaque business (like spare parts importation or whatever) that is not linked to the capital markets as you say....

Once there is an economic upheaval
The value of your company will sink drastically

It's the same thing
Value of properties go up and down
Value of businesses go up and down
Value of stock go up and down
Even value of products go up and down

That's just the way e be

Happyguy201:
your calling #315,000 just? oga you drink acid?

lalasticlala:
Source: https://nairametrics.com/2020/05/04/nigerian-billionaires-lose-billions-amid-covid-19-pandemic/

djon78:
Do you think you are talking to a novice.
What's the main reason companies go to capital markets.
To raise funds for financing. You sell your shares, investors buy, you have money for your companies while your investors have a part ownership of your company.

You also raise money through issuing of bonds but your lenders have no part of your company.

Banks also give funds to big companies for there working capital.

The reason some owners of companies Dont like going public is that there companies can be taken away from them.
Example Steve Jobs was sacked by Apple shareholders in the early 1990s it was when they couldn't handle the wahala they called him back and gave him back his company. And he came back and introduced all the products that made Apple a global giant today : mac, iPod, iTunes, iPhone, iPad etc


Importers may be exposed to exchange rate risk due to its volatility, but it' may not necessarily affect them when the worth of there goods appreciated against the rate they bought the goods.

Capital markets are more exposed to the risks of currency devaluation, recession etc

Spice1:
Good for them!


After all how many lives did they safe?

I wonder if they gave out palliatives to their kinsmen , environs, establishments and et Al than given to the Nigerian government


Mtcheeeew!

NaijaAlien:
No one owes anyone shit in this word...I repeat it again..No one owes anyone shit in this world...Why do people feel so entitled...Work for your own and do with it as you wish Shikena..

DexterousOne:
Stop saying what you dont know

Bernie Sanders WAS NOT preaching that the american people have the right to other people's money

That's the lies and misinformation main stream media is spreading


What Bernie Is advocating for is the return of America to the Pre Reagan era


Reagan with his supply side economics fraud has led the US Down the rabbit hole
The corporations are benefiting from this fraud at the expense of the country and will fight anyone who wants to open the eyes of the American people to this cheating



Thank God that at least; the eyes of many Americans have been opened

DexterousOne:
Never said you were a novice
You are the one calling yourself that

A business is a business
Listed or not.
And the value of a business CRASHES when there is economic upheaval
Whether listed or unlisted

That's just the fact
That so called importer is even more at risk because he does not have a reliable metric to measure the real value of his business as at every given point in time

When a recession hits
They are usually the first to feel the heat
If we want to be truthful to ourselves




Apart from regulatory bottlenecks
Dont see any reason why one cannot go public

djon78:
Reliable metric to measure real value of his business. Then it's Forbes that's the reliable metric.

There are laid down standard procedure to measure a business. Even basic businesses which is well audited financial statement, profit and loss reports, balance sheet.
These are what investors and lenders look at.

Like I said, many businesses are not interested in going public because it exposes them to risks. They don't want interference from regulators.
They prefer to keep there business to themselves.

Recession affects every business.

DexterousOne:
Let me ask you


How do you think Forbes come about the value of a business?

Let's starr from there
Maybe you got things a lil mixed up

And what "risks" are you talking about?

Spice1:
Good for them!


After all how many lives did they safe?

I wonder if they gave out palliatives to their kinsmen , environs, establishments and et Al than given to the Nigerian governments
Help me reason abeg
Mtcheeeew!