If Nigeria Can’t Attract $10bn in 2024, I Will Have To Bet Against The Naira – UgoDre Obi-Chukwu
If Nigeria Can’t Attract $10bn in 2024, I Will Have To Bet Against The Naira – UgoDre Obi-Chukwu
UgoDre Obi-Chukwu, Founder and Chief Analyst at Nairametrics spoke to the Global Business Report about Nigeria’s Foreign Exchange challenges
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October 16th 1998
The Guardian Newspaper
described Tinubu as 52 yr old.
Now this is 2023 and Mr Tinubu is still 71 yrs old….
Stop voting old men. They can never have youth interest.. this is 21st century. Old men that cant bend down wont care for you
But Mr Rotus, can somebody really explain it to me in clear terms, how is manufacturing and other industrial sectors failing (losing profits) but banks are declaring over 100% gains
Is this not an arbitration?
UgoDre, you're on point. Keep it up
Any good news from TINUBU'S ADMINISTRATION is a nightmare for the Igbos and the Obideints.
POS ECONOMY
Banks in Nigeria are not making as much as they would if the economy is positive.
Privatize NNPC
This show what is wrong in that country. How many of the manufacturing company dropping this type of profit except bank? We are not ready to fix that poor nation.
Every company is crying loose except banks. Something smells here… Are they likely making their gains from FX?
The numbers just aren't adding up. Only days ago, Dangote mentioned that many Nigerian companies won't be paying dividends due to the effects of Naira devaluation. Are these banks operating from the moon?
Banks are smiling to the bank… While the rest of the economy is struggling
How will you attract FX when you ready to tax them 0.5%. Who will bring money into such economy. Many people are already thinking of how to move their money out of the formal sector. Seems the best way to survive the Nigeria govt is to go back to the stone age of hiding your money under your roof.
Something is not adding up.
Most service and consumer goods companies are declaring losses and contracted earnings while the banks are declaring wonderful results .
Has the Nigerian bank8ng system decoupled from other sectors ??
Nigeria is a mystery .😂😂😂
Despite the devaluation of the Naira, the Banks are dropping big profits datas. This is a major surprise and call for review. The manufacturing/ production sector is down.
Something is not right.
Am also hoping that this gain should impact in other sector.
Nigeria is a fraud: The handover notes Lord Lugard wrote to his colleague, Walter H. Lang, on the 25th of September 1918. The quote reads inter alia
I don't know much about the financial markets, but from your report my take is that the government makes a lot of money in revenue from these banks, and from oil, and from telecom. Other channels as well, but still choose to impoverish her citizens but loot and make sure they remain in power… I am scared, I am terrified.