theenchanter:
visafone is a subsidiary and not a parent company. if it was MTN that closed down, will visafone still exist? In the same vein, if UBA close down, will UBA kenya operate?

The second part of ur post is still getting me confused. I'm not discussing tax UBA kenya pays to kenya govt, but my point is... some revenues from UBA kenya are remitted to d headquarter in Lagos. Then headquarter pays dividend to shareholders and tax to d Nigerian govt.

i]finis disputationem[/i]

obaaderemi:
He got angry because you called him tasha.You should have added gindi.

Jonraid:
1.Mombasa City-My home!

2.The evergreen Kericho with her tea farms that look like large green carpets!

3.Nairobae

4.The First Lady taken through a scout parade at a Nairobi School!

obaaderemi:
Which of them made a loss and closed shop? Is it the one that cashed out of Equity Bank, taking millions of dollars with it?

sufferNsmiling:


[s]When nigerians are running away from the country right left and centre. Please kenya's don't listen to this guy even the south africans are not investing much again in nigeria. Lebanese investment in nigeria is now down the drain. Also the nigerians are not even investing in their country they are running to other african countries. Nigeria is a sinking ship which has already started sinking[/s]

tylann:

---

It didnt have impact Equity is more stable than before making billions of profits yearly
I told you in kenya foreign banks are eating crumbs

obaaderemi:
Nobody reads your nonsense here.Even the Kenyans don't.

obaaderemi:
The Nigerian boys made money off Equity Bank. What part of that don't you understand? I am not talking of banks.

obaaderemi:

We will get there,Tylan Boy, we will get there. And I also wish Kenyan companies could be here in Nigeria too.The market is huge but I am talking about real Kenyans not the Indian Kenyans.

PetroDollax:

Look at this evil scumbag without brain, a serious waste of space. Hahahaha who left your cage open? You are a living proof that a man can live without a brain! how dare you compare your certified shithole with Ghana? And how is it Ghana's fault that your country is at the bottom of the poverty pit? nigerians love poverty. that was why they voted for certificateless, clueless buhari who is busy selling poverty as a virtue nigerians and poverty are like 5 and 6 one fool even drank gutter water to celebrate buhari's 'victory' did you see those nigerians scooping groundnut oil from a dirty gutter on nairaland?

poverty, foolishness and stvpidity are the fastest growing industry today in sh1tland
[s][/s]

vaxx1:

Oh my ghad, You still don't get it. [s]One of the basic feature of Company is that it is a separate legal entity having a separate existence from its parent company, [sup]so visaphone is difrent from MTN entity[/sup . So when Parent Company collapsed, legally it has no impact in subsidiary company. The only things is, the shares of subsidiary might now be transferred to some other entity/person whom Parent Company owes money at the value determined by the Valuer or such authority of the Foreign Holding Company.

Wholly owned subsidiary will continue to operate the same way as it can operate. legally wholly owned subsidiary will have no impact on its legal status except that its shareholders will be changed depending on the bankruptcy law of foreign holding company.



The tax remited from a foreign assest is different from a local company, the only tax tax that can be payed to Nigeria Goverment from foreign subsidiary company is the income rooted into Nigeria accounts. Property tax , income tax accrued abroad are pay to the country it earn.[/s]

[Dona

theenchanter:
[s]Dude, I hate inept n dumb people. I hate people that takes pride in copying n pasting people's intellectual property.
https://www.quora.com/What-happens-to-the-wholly-owned-foreign-subsidiary-after-the-parent-company-go-bankrupt-The-subsidiary-has-no-assets-to-liquidate

The link is where u got the things u post, never discuss economics with me again.
[/s]

mtisTheQubit:
nganya

tylann:

Me they took my foreskin when i was 13 years old
I did it the traditional way

Yobeezy:


Haha! You're from Bukusu sub tribe?

vaxx1:
Never quote me whenever you have nothing to back up again. I have told you several times theres is nothing wrong in paraphrasing and editing.


It is too stupid and inept to call paraphrasing pliagrised

tylann:

Very good ONCE and then what happened
Kenya banking sector is dominated by Kenyan banks
In east Africa Kenyan banks Rule
Has ever UBA Nigeria made profits like UBA kenya made

vaxx1:
Eco plan for Ghana good but ecowas member must enforce change


Deputy Minister for Trade and Industry; Carlos Kingsley Ahenkorah is warning about the adoption of the West African proposed currency Eco in Ghana without other member countries enforcing the regime.

The Member of Parliament of Tema West constituency feared if Ghana adopted the currency and used it but others display protectionist tendencies “they will bring us down.”

The adoption of the Eco as the regional currency has been postponed five times with the current enrollment year set for 2020. The Eco was first planned to be introduced in 2003, but this was postponed several times to 2005, 2010 and 2014.

For the Eco to be implemented, ten convergence criteria, set out by the West African Monetary Institute (WAMI), must be met. These criteria are divided into four primary and six secondary criteria. Up to the fiscal year 2011, only Ghana has been able to meet all the primary criteria in any single fiscal year.

Eco

The four primary criteria to be achieved by each member country are:

A single-digit inflation rate at the end of each year

A fiscal deficit of no more than 4% of the GDP

A central bank deficit-financing of no more than 10% of the previous year’s tax revenues

Gross external reserves that can give import cover for a minimum of three months.

The six secondary criteria to be achieved by each member country are:

Prohibition of new domestic default payments and liquidation of existing ones

Tax revenue should be equal to or greater than 20 percent of the GDP

Wage bill to tax revenue equal to or less than 35 percent

Public investment to tax revenue equal to or greater than 20 percent


A stable real exchange rate

A positive real interest rate

Ghana, The Gambia, Guinea-Conakry (which is French speaking but does not use the CFA franc), Liberia, Nigeria and Sierra Leone are the countries to use the Eco with others in ECOWAS coming on-board.

Source: goldstreetbusiness.com



Just30 , Chrisagyei and others. What do you think?

tylann:

No iam a khayo
My dad was a khayo my mum is from kiambu

Yobeezy:


Khayo is also part of luhya sub tribes?

obaaderemi:
Nobody reads your nonsense here.Even the Kenyans don't.

tylann:

Yes although it is almost extinct
Very few people know it

obaaderemi:
Nobody reads your nonsense here.Even the Kenyans don't.

theenchanter:
[s]the problem with plagiarism is that; u wont know if d original poster is wrong since u're bereft of knowledge on d subject matter in d first place.... so, if d poster is wrong, u're automatically wrong without knowing it.

If a hole is found in d post n u're asked to defend it, u wont be able to defend it n end up parambulating like u always do.

Dude, before u can "educate" other "nairaland illiterates" as u always say, u must be intelligent and not a plagiarist. U must have a lil knowlegldge on what u're arguing about, then u supplement it with whatever info u find on d internet. Finally, dont argue subjects u lack it's knowledge on d internet, it makes one look ridiculously dumb in d face of other intelligent blokes.

I can be ur mentor or tormentor on NL, depending on ur behaviour henceforth. [/s]

Quoran thief!

Yobeezy:


I've never heard of it though Omwami

vaxx1:

Oh my ghad, You still don't get it. One of the basic feature of Company is that it is a separate legal entity which means, it is having a separate existence from its parent company, so visaphone is difrent from MTN entity .when Parent Company collapsed, legally it has no impact in subsidiary company. The only things is, the shares of subsidiary might now be transferred to some other entity/person whom Parent Company owes money at the value determined by the Valuer or such authority of the Foreign Holding Company.

Wholly owned subsidiary will continue to operate the same way as it can operate. Any legally wholly owned subsidiary will have no impact on its legal status except that its shareholders will be changed and that depends on the bankruptcy law of foreign holding company.



The tax remited from a foreign assest is different from a local company, the only tax tax that can be payed to Nigeria Goverment from foreign subsidiary company is the income rooted into Nigeria accounts. Property tax , income tax accrued abroad are pay to the country it earn.

[Dona

vaxx2:
Algerian President resign

tylann:

The guy was paralyzed i even don't why he was a president in his current state of health