₦airaland Forum

Dobodobo04:
Daft?? Wrong choice of word!!

CBN probably using it to mop off Naira off the system.

How do you use recapitalization to mop up liquidity? Please stop saying shit you don't know.

Bennycollins:
I understand they all have to recapitalise over a period of two years. That is a long enough time. They just have to cut cost, maximize their PATs and retain much of the earnings over two trading periods and they are done. They may not necessarily resort to M&A.
Yes retrenchment may come in, the only drawback I see here, and maybe reduced dividends payouts.

The recapitalization excercise does not factor in retained earnings which is why most banks would be looking outward. If the entire shareholders fund including retained earnings was the basis of this recapitalization then most international banks won't have any issue. So trying to boost retained earnings is not the way to go.


The way to go rn is to ramp up share prices on the bourse, so that they won't have to issue too many shares that would dilute earnings. Or try to get FDI to come in.

Lanruze:
Check the valuation well. It's true that Opay has a higher valuation than Zenith Bank.

Take it or leave it, it's a two (2) year myth that has stunned the industry.

Opay is an international country with major presence in Nigeria. As such it's business cuts across a global space. The valuation captures it's total Global Assets.

Valuation is an excel work that was done by an analyst especially for an unquoted company. If I take the valuation you gave, then Opay is the biggest company in Nigeria and that's a big joke.

Talking about global assets like if I ask you to mention them, you would. In reality, most of the FUGAZ have branches that extends globally. So tell me, how's Opay more valuable? Access is about to buy one of the biggest banks in Kenya. Yet according to you, Opay with almost zero physical presence is Nigeria or Africa is like 10x bigger. Please na.

Boldideas:
Opay will buy up three banks eventually, sack 70% of the staffs, and still continue doing business.

Beer parlor talk. Access Bank's PROFIT AFTER TAX for 2023 was 619BN naira. Opay kor, no pay ni.

Finesse247:
U dey whine Opay? Don't play!
Opay can buy 3 banks. But that's not their strategy to have physical branches

Valuation is different from shareholders fund. Plus most Fintech coys have stupid valuation that defies logic. Explain to me why Access bank with a valuation of 821bn is lower than Opay. What structures that does Opay have to justify such valuation?

Angelfrost:
Several banks go merge, las las!

Happened under the watch of Prof. Charles Chukwuma Soludo, then CBN Governor.

Aside the top five banks, the rest fall under national and regional cadre with a small capital requirement. The 500bn is for international banks which most do not fall under, I believe we won't see a loads of M&A. Just crazy rush to increase capital size, most likely route is FDI.

Dialpad:
Will this not lead to layoffs and closure of branches etc

I see them using less human to significantly reduce costs

What relationship does increasing capital base have with reducing costs?

The way some of you jump on issues that you have zero understanding of ehn.

The same clown Atiku threw away presidency for.

brotobi99:
Quick Letting

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This two years ehn.

Booked one for future reference

We4all:
Na wao! What is the connection between assisting someone with accommodation and his academic qualifications?

Do your own na. Or is that too difficult for you?


Good one Op, you have done a great job.

Quite lengthy but she offered some insights as to why I have always had the feeling that Mohbad's dad was irresponsible.

Nackzy:
so you mean you support someone kicking a girl out in the middle of the night, me I don't support it no matter what the girl did

You never jam wahala. Say na "no matter what the girl did". Just keep praying trouble stays far away from you.

While I would have loved to blame you for kicking her out of your house by that time, the fact that she had the guts to ask you for tfare shows that she doesn't rate you. I mean, I told you that I lost money, needed you for something which you couldn't do for me, yet you still want me to give you tfare back home. Where did you find such a broke and entitled person? So she left her house knowing fully well what you wanted and didn't have the decency to take something with her for her transport. Lol

Trojan8:
Your best bet is to ignore the clown. I managed to jump on some of his comments during the election and he's not someone you should be wasting your time with. From insensitive comments, to being a tribal bigot. He's definitely not worth it.

Full circle

jesmond3945:
it wont. it is pegged at 1300

Dey play. Same CBN they pegged it at #1300, also sell at #1600. When the time is right, they would depeg it or allow it match market price.

new2012:
Just like Peter Obi, The Telcos will ignore the idiot.

Nigeria and Airtel are traded companies in Nigeria, they have more Nigerian owners than Glo.
MTN is the highest tax payer in Nigeria.
Glo owes everybody, vendors, contractors, govt agencies, other Telcos etc the facts speaks for itself

checkout their CSR, Glo invest in celebrities, MTN invest on the masses, schools, markets and healthcare, they are even building roads I learnt - https://www.nairaland.com/7898136/mtn-nigeria-begins-reconstruction-enugu-onitsha

The Idiot have his first family in the US, his second family in the UK.. he dont practice what he preach.

People like Reno want to burn the country down, the security agencies, Tax agencies need hunt him down.

Subsea cables belonging to main Nigerian companies gets damaged, one wasn't and that was Glo. multiple Nigerian companies like Mainone are struggling to fix the cable issues, but this retard thinks it's time to use such disaster to demarket brands.

internet issues affected more than half the countries in Africa, SA and Lesotho were quick to switch as they had multiple alternatives.

Does this idiot even know that the destroyed cables belongs to Mainone a Nigerian company that supply connectivity to several African countries? should the countries also ditch Mainone since its not their country owned?

who has bewitched this fool? I hope Mainone, Bayobab and co are able to sort out the issue as quickly as possible.

This retard needs to be tamed and fast before he mislead the teenagers and unlearned that follows him

Finally, a sensible and objective NLder. It's crazy how people see sense in what Reno is saying. There's a lot to say about the nonsense he has penned down, but I honestly don't know where to start.

Stayupup:
Am I being ungrateful? You won't understand

Seems like you are because I don't know why you were trying to drag your neighbors that didn't give you theirs to use.

If things was fine for everybody, you won't be asking them. Nigeria is bleeped at the moment. It's all man for himself, can't blame others for not helping you because you think they have. Things do not work like that.

MemphitzDgreat1:
Na Helinues and Yarimo role model be that!!

Apt

Seyi Lawn is just a trial bigot trying to make end needs. Nobody should take him seriously.

Fixed

While I don't like this guy or his father but if you really watch the video you'll realize he was speaking sense. Unfortunately, a lot of Nigerians don't read or listen before jumping into conclusions.

Tonididdyx:
Before delegates and ward REP go work for free?

Don't Donald Trump and Biden pay their campaign teams? Na free work?

Let the fools keep twerking on propaganda. When my coursemate ran for common SUG presidency some years back, over 1m was spent. Imagine celebrating 500k that was paid out to some people to garner votes or host spaces. As you said, make them work for free?

So where persons got funds for campaigning for Obi, that's the problem of the current crop of Nigerians. Whether the economy is moving forward or not, is nobody concerns.

It's foolishness to think that LP ran for a presidential election without greasing hands.

It's even more foolish to leave issues of national concern and masturbate on this.

I appreciate the fact that in all these, I would never beg to eat. Let's continue fooling ourselves.

mykymyk101:
For what now? Even Cravings and more no dey expensive as this.

Cheapest high end restaurant in Nigeria. I am always farming the one at Egbeda

oluwaseyi0:
Do they want to bring them to the level of banks?

main question is how are the BDC getting dollars?

#2bn is same as banks level? Lol

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Adexvivacity:
You should have informed everybody while he was advertising cos u sound like you knew is dubious activity.

Same person y'all accused of doing too much lol

25th of every month

Like the last ways and means was publicized when the deal happened. When push comes to shove and money is needed with elevated interest environment, CBN would do what they have always done.

Exchange rate is #1,500 for $1 but #1 for a word isn't wickedness.

OK