₦airaland Forum

rvp2018:
I hope Nigeria gov will soon pay lecturers so you can go back to class and finish your studies.

I think this forum is really messing you up.

You need a break.

This is not healthy, the people in your life must be really suffering.

obaaderemi:
After overtaxing your people by slapping them with all manners of tax you are still at $20bn or less, same as Nigeria where you claim people don't pay taxes. Efforts are being made to widen the tax net, not to overtax like little India, but to bring into the loop sectors and people who have so far being left out. Oil economies usually have low tax to GDP ratio.

Lol, RVP has been lying as usual.

You know is usual modus operandi is to pull fake figure out of thin air.
Kenya only collects 13B in total taxes despite taxing the hell out of the citizen.

https://www.kra.go.ke/news-center/press-release/1752-kra-exceeds-revised-target,-records-highest-revenue-growth-in-history

Mkenya2019:
I get them from internet - Jan 28, 2022 — ABUJA, Jan 27 (Reuters) – Nigeria's tax receipts in 2021 rose by 29.4% to 6.41 trillion naira ($15.5 billion), the head of Federal Inland ...

Yeah 20B is about where Kenya is - not so shabby for a country of 200m people.

Kenya total tax is 13B.

https://www.kra.go.ke/news-center/press-release/1752-kra-exceeds-revised-target,-records-highest-revenue-growth-in-history

Mkenya2019:
I get them from internet - Jan 28, 2022 — ABUJA, Jan 27 (Reuters) – Nigeria's tax receipts in 2021 rose by 29.4% to 6.41 trillion naira ($15.5 billion), the head of Federal Inland ...

Yeah 20B is about where Kenya is - not so shabby for a country of 200m people.

Kenya does not collect 20B in taxes.

Mkenya2019:
Obaboon...oil revenues came to 3.5billion half year according to that site.
Revenues - IFRS - we have seen - 6.5 trillion Naira last year.
All the 36 states - collected 800B naira for H1 - so full year maybe max of 2 trillion.
Let even add Local Authorities to the equation - maybe another trillion
So max is about 9 trillion Naira.
If we use the black market rate - we are talking 12B dollars
If we use the official rate - about 20B dollars.
That is like Kenya -
Despite all that OIL and 200M naira.
THE ZOO

Stop pulling figures out of thin air.

Kenya does not collect 20bn in taxes .

Your total tax is 13bn according to your government.

https://www.kra.go.ke/news-center/press-release/1752-kra-exceeds-revised-target,-records-highest-revenue-growth-in-history

Mkenya2019:
Obaboon...oil revenues came to 3.5billion half year according to that site.
Revenues - IFRS - we have seen - 6.5 trillion Naira last year.
All the 36 states - collected 800B naira for H1 - so full year maybe max of 2 trillion.
Let even add Local Authorities to the equation - maybe another trillion
So max is about 9 trillion Naira.
If we use the black market rate - we are talking 12B dollars
If we use the official rate - about 20B dollars.
That is like Kenya -
Despite all that OIL and 200M naira.
THE ZOO

You are a clown.

Stop pulling figure out of thin air.

None of your assertions is backed by facts.

rvp2018:
What is wrong with an empty account. It just a RECORD IN A DATABASE. It cost almost nothing for banks to create bank account in this 21st era. Everyone deserves to have bank account, ATM cards and name it. Even if they receive money once a month.

It cost 1.5 dollar to create an account.

Don’t be intentionally obtuse

GeneralDae2:
DRC is the only country I know in the world with a population over 90 million and a gdp of 53 billion dollars.

As in.

Imagine saying Kenyan banks will overtake nigeria bank in 2 years because you’re expanding to DRC?

rvp2018:
Your expansion strategy is bone-headed. You go everywhere and buy the cheapest smallest struggling bank you can get - spend years cleaning their balance sheet. You give South Africa competition in burning capital.

Kenya expansion is well thought out - and strategic - with intention to turn profitable in 3yrs or bow out. This cut across most kenya companies. The only place kenya companies have got burnt so far is South Sudan - another Zoo like Zoogeria - with currency like Ghana Cedis and Zambia Kwacha.

DRC and Ethiopia represent the last frontier of banking in Africa - combined market of 200M - with almost 90% unbanked. Kenya banks are the trailblazers in banking the unbanked - and these are the models that is seen them overrun DRC. Equity was tiny banks 10yrs ago - but now it behemooth - it was not even a bank 20yrs ago - it was building cooperative society.

This is why Equity is studied in Harvard Business school - for banking the unbankable and making serious money.

You got burnt in South Sudan, because your banks keeps making stupid expansion plan.

No Nigerian bank has ever made that mistake, all our expansion outside the country has been profitable.

Because we know this business, we are masters in M&A.

rvp2018:
Your expansion strategy is bone-headed. You go everywhere and buy the cheapest smallest struggling bank you can get - spend years cleaning their balance sheet. You give South Africa competition in burning capital.

Kenya expansion is well thought out - and strategic - with intention to turn profitable in 3yrs or bow out. This cut across most kenya companies. The only place kenya companies have got burnt so far is South Sudan - another Zoo like Zoogeria - with currency like Ghana Cedis and Zambia Kwacha.

DRC and Ethiopia represent the last frontier of banking in Africa - combined market of 200M - with almost 90% unbanked. Kenya banks are the trailblazers in banking the unbanked - and these are the models that is seen them overrun DRC. Equity was tiny banks 10yrs ago - but now it behemooth - it was not even a bank 20yrs ago - it was building cooperative society.

This is why Equity is studied in Harvard Business school - for banking the unbankable and making serious money.

Yes 200M with empty bank account!!!

Unless your banks want to get involved in the illegal mining in that country, you’re not making shit in DRC.

rvp2018:
Your expansion strategy is bone-headed. You go everywhere and buy the cheapest smallest struggling bank you can get - spend years cleaning their balance sheet. You give South Africa competition in burning capital.

Kenya expansion is well thought out - and strategic - with intention to turn profitable in 3yrs or bow out. This cut across most kenya companies. The only place kenya companies have got burnt so far is South Sudan - another Zoo like Zoogeria - with currency like Ghana Cedis and Zambia Kwacha.

DRC and Ethiopia represent the last frontier of banking in Africa - combined market of 200M - with almost 90% unbanked. Kenya banks are the trailblazers in banking the unbanked - and these are the models that is seen them overrun DRC. Equity was tiny banks 10yrs ago - but now it behemooth - it was not even a bank 20yrs ago - it was building cooperative society.

This is why Equity is studied in Harvard Business school - for banking the unbankable and making serious money.

You’re not building any behemoth of a bank with a DRC base.

The county is shit, it has a non existent economy.

Banking is not DRC main problem right now, it’s food.

Folks are hungry, nobody is going to save any money when they have not eaten two square meals a day.

The number of registered company doing business in DRC with significant funds is not up to 500.

The banking policy in that country is shit, you’re not going to make any profit or turn over that will suddenly make you overtake nigeria or SA in DRC, not even in the next 20 years.

kikuyu1:
I could ask if you've read about the expansion into the hugely unbanked Ethiopia and the DRC and if you comprehend the implications.
While you screech of comparative ROI seen this:



[urlhttps://internationalfinance.com/kenyan-banks-outperform-nigerian-counterparts//url]

Idk if you've heard of Moody's but they're def not keke operators! They're some of the most respected names in global finance.
Here's a recent source more familiar to Naijjans:



[https://businessday.ng/energy/article/nigerian-banks-return-on-equity-lags-kenya-south-african-peers/]

Even if you could understand these facts you'd behave like your Waffas on this thread; which is to say like a pigeon playing chess.

So continue self servicing yourself to sleep fantasising about "Giant" banks dominating us.
Luckily literate Kenyans here can absorb facts....

What’s the Bleep is DRC

We bring up banking and you Kenya keep shouting your expansion into DRC will make you surpass Nigeria. How?

The only thing DRC will give you is large customer base, there’s nothing in DRC.

I’ll rather have a bank with a 1000 accounts in Kenya than a bank will millions of customer in dirt poor DRC.

You keep losing money expanding to countries that have dirt poor banking sector, while we nigeria banks keep acquiring your banks at home.

kikuyu1:
Really, nigga! That's why I say it's better to remain silent and be thought a slowpoke than to speak and remove all doubt. Your false confidence is like a parade of memes celebrating ignorance!

Its the brutal honest truth.

Our banks are expanding in your country, and they are seeing an increase in ROI.

Nigerian banks probably controls like 3-4% of Kenya banking sector, and that number is going to increase not decrease, we’ve done this before and our banks are known for efficient M&A.

Give it 10 years, 50-60% of Kenya banking sector will be in our hands.

rvp2018:
If Nigeria gov owns it 100% - the board will still be 100% gov appointed. You cannot call that independent. Unless you sell at least 40-49 percent - just enough to bring in private sector - hopefully strategic partner who knows oil n gas - without losing control - you're wasting time. Next gov will fill up NNP board with relatives, girlfriends and boyfriends

NNPC is going public.

Government will only own 41% stake.

And that’s the way it should be, government have no business running company.

GeneralDae:
So Zenith and First Bank are not planning to move forward next year?

Don’t mind him.

There’s no possible way Kenya banking sector will ever catch up to nigeria.

We are not even in the same league.

I see either gtb or AccessBank acquiring KCB in the nearest future.

Mkenya2019:
Keep word is trying. It not making any dividend to Nigerian like you. It's not even investing. It's spending the profit to repair old pipelines, refineries and such.

It made 1.55 billion this year.

And it’s going to the government coffers

Mkenya2019:
Apart from NNPC what else do Nigeria gov own - nothing much. In Nairobi stock exchange listed companies...Kenya gov has shareholding in 16 of them...including Safaricom, KCB, Kengen, KPLC, name it.

Unlike NNPC which started making profit in this oil crisis - kenya public investment always make profit - and kenya gov get dividends.

The increase in dividend profits for 2021/22 of 13.67 billion Kenyan Shillings over the target amount of 29.9 billion Kenyan Shillings that the exchequer had set for the period indicates stronger financial performance.
In the fiscal year ended June, the government earned US$365 million from public investments, boosting the National Treasury’s ability to finance development initiatives
The dividend profits are less than half of the 116.14 billion shillings that the government generated from its shareholdings in the 2019/20 fiscal year
The Treasury will receive a total payout of Sh19.4 billion for its 35 per cent stake in Safaricom

Ever heard of NLNG?

It’s controls 10% of the world liquified gas market.

When nigeria new gas train comes on board that number is bound to increase to around 16%.

The company will soon be bigger than Kenya itself.

Mkenya2019:
The former state-owned company, known for its relatively poor leadership and lack of profits for some 45 years, will now be independent of government and operate without state funding, with the new goal of delivering value to its shareholders.

Independent of government in its day to day running.
As it should have been, government have no business running enterprise, they are very poor in capitalism.

The Nigerian government is a shareholder.

Mkenya2019:
NNPC, which became a commercial company in July, first declared a net profit in its 44-year history two years ago.

Keep quiet.

NNPC is currently bigger than any company that has ever been in existence in Kenya

GeneralDae2:
NNPC declares 1.55 Billion dollars after tax profit in 2021.

https://www.reuters.com/article/nigeria-oil-nnpc-idAFL8N315492

This is a very significant moment.

Just imagine the kind of corruption that has been going on over the years.

Past MD and every senior management in NNPC need to be tried in court and sentenced to death by choking .

jl115:
I'm not talking about Internet based streaming sites like Netflix and Amazon... That's what I mean by day to day television.

And when did I acknowledge that SA constitute over 50% of DSTVs subscribers?? Why would I ever say that when it's not even true?

Day to day television of what?

They are only 20 million Dstv subscribers.

Nollywood is popular in all Sub-Saharan African countries of almost 800 million people

How did Dstv help us achieve that with a measly 20 million subscribers?

Half of whom are from South Africa and don’t even watch our shows according to you .

jl115:
- your shows ain't charting in SA bru....see pics

- show me

-nope South Africa is DSTVs biggest market by far with over 9 million subscribers, Nigeria only has 1.5million....in total Dstv has 21 millions plus subscribers..... Nigeria thus doesn't even make up 10% of Nigeria's market

Over 9 million subscribers of 20 million?

Are you not the one that made this statement??

jl115:
Because DSTV is responsible for streaming the majority of your shows to the rest of Africa... That's how.

Over 20 million

What rest of Africa?

Dstv only has 20 million subscribers.

jl115:
Who said anything about Netflix and amazon? We talking about day to day television.....

What day to day television are we talking about here?

You yourself acknowledge that SA constitute over 50% of Dstv subscribers, nigeria and Kenya probably constitute the rest of the significant Dstv subscribers numbers.

So how is DSTv responsible for the popularization of nigeria content across the continent with just 20 million subscribers.

jl115:
yeah DSTV make money In Nigeria... Why else would they be there??

My point is DSTV can easily survive without Nigeria, however your entertainment industry is fvcked without DSTV

Stop spewing rubbish and contradicting yourself.

How is our entertainment industry bleeped without DSTV?
Did it get built with Dstv assistance?

How many people has DSTv?

How many can afford DSTv in africa?

jl115:
you make up less than 10% of DSTVs market share, however something like 70% of your shows and sport is streamed on DSTV...

Lmao…70% of what?

jl115:
my bru without DSTV you don't have any platform to broadcast your shows outside Nigeria.

What a joke.

Netflix is what?

Amazon Prime is what?

IrokoTv is what?

We’ve been broadcasting our shows throughout Africa even before Dstv got here.

How many Subscribers does Dstv even have in Africa?

You must be a clown to think Nigeria need DSTV that much.

Odunayaw:
Search the title on pdfdrive.com

Thanks

Odunayaw:
I got attracted to this book because of its details on the Umaru Dikko affair of the '80s.

Not everytime you see a Western author talk about Nigerian intelligentsia. Very interesting read in all. Unbias in all stories

Shame they didn't add anything from Ind:ia and P'akistan

Where can I read a copy?

[quote author=Odunayaw post=114701499][/quote]Where can I read it?

AskiaHarem:
Black American Music is only listened to by Black Americans despite the fact they usual rule the clubs, National, and sometimes Global Charts racking in the most views online? Don’t get me started on the fact there music and style is mimicked/emulated and straight culture vultured all over the world.

Don’t mind the jealous mofos.

A nigeria song is the Longest-running songs inside the top 10 of UK Singles Chart each year this decade!

For 2022

Saddamochieng00:
Prove that with album sales

Wizkid's “Made In Lagos” has sold 425k units in the US, over 600 million on demand streams.

— 12/18 songs have sold over 100K Units from the Album.

Biggest African Album Ever Made!