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Nairaland Forum / Nairaland / General / Business / Nigeria's Largest Banks By Valuation - Africafacstzone (32684 Views)
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Re: Nigeria's Largest Banks By Valuation - Africafacstzone by TUANKU(m): 7:23pm On Apr 13 |
Miyachi:They have funding yes but it's not infinite. It's not just about funding but doing the basic things right. You will use a Nigerian bank app for transaction and you will still be praying for nothing to go wrong, simple transactions became like rocket science coupled with multiple unethical charges. Opay got the basics right that's it. 1st Bank, GTB, Zenith etc have enough funds to run proper banking services but the bottled it. Opay uses it's app and ussd for transactions without having branches all over but still offering better services than all these agbaya banks. 2 Likes |
Re: Nigeria's Largest Banks By Valuation - Africafacstzone by Albert0011(m): 7:24pm On Apr 13 |
Difrent:Bro thier services are top-notch and seamless. Who still take Nigeria banks serious these days when opay is there. I remember one day when my gt bank app almost made them to embarrass. 1 Like |
Re: Nigeria's Largest Banks By Valuation - Africafacstzone by ThatFairGuy1: 7:25pm On Apr 13 |
Very unpatriotic element Zonefree: |
Re: Nigeria's Largest Banks By Valuation - Africafacstzone by highoctane: 7:25pm On Apr 13 |
Promismike:OPAY have physical offices in Lagos, Abuja, Port Harcourt, Kano, Ibadan, Warri, visit their website to confirm 1 Like |
Re: Nigeria's Largest Banks By Valuation - Africafacstzone by Abuja91(m): 7:26pm On Apr 13 |
One mind dey tell me say tinubu dey use opay.😂 |
Re: Nigeria's Largest Banks By Valuation - Africafacstzone by obinna58(m): 7:27pm On Apr 13 |
edenex:Really, does it have banks kind of look |
Re: Nigeria's Largest Banks By Valuation - Africafacstzone by PHAYOL81: 7:30pm On Apr 13 |
Hmmmmm |
Re: Nigeria's Largest Banks By Valuation - Africafacstzone by Kruzxx: 7:37pm On Apr 13 |
Make opay open branches and pay out cash not using other Banks established assets to pay cash to it's customers. 1 Like |
Re: Nigeria's Largest Banks By Valuation - Africafacstzone by Forumites: 7:39pm On Apr 13 |
ItisWell22:I had a mistake transferring to a wrong account. (Instead of adding 8 at the suffix I pressed 9. Na so money take go. Of course I started calling numbers but they keep referring to an office that had no one in it. Luckily I called the number and the guy picked. Far away Ibadan but the guy was nice to me and told me he’ll send the money back, I told him to take 30k. At all at all na witch. Some people will never refund. Since then before I make a transfer you must have a designated bank with Nigerian base and office. 1 Like |
Re: Nigeria's Largest Banks By Valuation - Africafacstzone by TheOgaBoss: 7:40pm On Apr 13 |
Tradepunter2:opay does not have a full commercial banking licence, hence there is a limit to the kind of banking services it can render. 2 Likes |
Re: Nigeria's Largest Banks By Valuation - Africafacstzone by Miyachi: 7:42pm On Apr 13 |
blacknp:Well, Opay is a private company and "asset base" can mean anything. One thing I've learnt with startups is that till they're acquired and another party has the opportunity to audit their financials, you take whatever they put out with a grain of salt. (Or a handful) So, yeah, I believe SoftBank is what gives them there current credibility. 1 Like |
Re: Nigeria's Largest Banks By Valuation - Africafacstzone by ChristineC: 7:42pm On Apr 13 |
Tradepunter2:business minded? if you are a business person making loads of payment, you'd not even utter this balabu. you think it's by employing people to wear suit and tie everywhere and offer poor digital services? 2 Likes |
Re: Nigeria's Largest Banks By Valuation - Africafacstzone by TheOgaBoss: 7:43pm On Apr 13 |
gigabyte13:that shows the level of poor service delivery by our offline commercial banks. it is the advent of online banking that is making some of them buckle up, that is why many are secretly fighting opay by not allowing transfer to opay account. |
Re: Nigeria's Largest Banks By Valuation - Africafacstzone by TheOgaBoss: 7:45pm On Apr 13 |
jiz:your lifesaving should not be in any bank, it should be in an investment portfolio. |
Re: Nigeria's Largest Banks By Valuation - Africafacstzone by TheOgaBoss: 7:47pm On Apr 13 |
DeepSight:do u know how much opay has raised from investors as a business, do u know the venture capitalists backing opay? https://www.google.com/url?q=https://techcrunch.com/2021/08/23/african-fintech-opay-valued-at-2b-in-softbank-vision-fund-2-led-400m-funding/&sa=U&ved=2ahUKEwjm6LKl7b-FAxWHhv0HHegWDqcQFnoECAIQAg&usg=AOvVaw0pEuQ43ICt8apgZG_fkqQ1 400 million dollars is more than what banks are required to raise in their new recapitulation by the central bank. |
Re: Nigeria's Largest Banks By Valuation - Africafacstzone by bablon20(m): 7:49pm On Apr 13 |
No wonder all these orthodox banks are beefing these online banking. Now they have refused to allow transfer of money from their banks to any online banks giving network as excuses. |
Re: Nigeria's Largest Banks By Valuation - Africafacstzone by DeepSight(m): 7:50pm On Apr 13 |
TheOgaBoss: I have no doubt, but it can't be the number one financial institution in Nigeria by ANY valuation. ANY. |
Re: Nigeria's Largest Banks By Valuation - Africafacstzone by Kcboy0806(m): 7:52pm On Apr 13 |
And yet they are on top. Dey play.. Tradepunter2: |
Re: Nigeria's Largest Banks By Valuation - Africafacstzone by TheOgaBoss: 7:53pm On Apr 13 |
DeepSight:https://www.google.com/url?q=https://techcrunch.com/2021/08/23/african-fintech-opay-valued-at-2b-in-softbank-vision-fund-2-led-400m-funding/&sa=U&ved=2ahUKEwjm6LKl7b-FAxWHhv0HHegWDqcQFnoECAIQAg&usg=AOvVaw0pEuQ43ICt8apgZG_fkqQ1 400 million dollars is more that what cbn is asking commercial banks to raise in the bank recapitulation newly introduced by the cbn |
Re: Nigeria's Largest Banks By Valuation - Africafacstzone by Miyachi: 7:53pm On Apr 13 |
TUANKU:You have to consider too that oPay is a private company and startup so they can move fast and break things. For a Nigerian public company the NSE and it's investors aren't so forgiving. They might not really have as much money as you may believe to play around. I say infinite funding because if SoftBank puts in $1billion into oPay, even if you have the most clueless CEO, it'll still take you a long way. (They put in $16billion into WeWork and I believe that isn't even their largest investment.) So, yes, infinite funding because if SoftBank believes oPay can be profitable and they need more money, they'll do more funding rounds. 1 Like |
Re: Nigeria's Largest Banks By Valuation - Africafacstzone by Tjra: 7:54pm On Apr 13 |
udemzyudex:I don hear you Agent |
Re: Nigeria's Largest Banks By Valuation - Africafacstzone by udemzyudex(m): 7:55pm On Apr 13 |
Tjra: 🤡 |
Re: Nigeria's Largest Banks By Valuation - Africafacstzone by dhesire(m): 7:55pm On Apr 13 |
Antoeni: This is damage control by Opay, I guess this is a direct response to a video that trended this week. The said video is a bad press for Opay, hence you their influencers shouting Opay is the best upandan. 2 Likes |
Re: Nigeria's Largest Banks By Valuation - Africafacstzone by DeepSight(m): 7:56pm On Apr 13 |
bitbillionaire: The info in the OP is fake. |
Re: Nigeria's Largest Banks By Valuation - Africafacstzone by DeepSight(m): 7:58pm On Apr 13 |
TheOgaBoss: And so what. Who told you the top banks will have an issue with that. Opay has almost zero assets not to talk about investments and securities. Forget it, there is no comparison. It can never be the top financial institution in Nigeria no matter how much they pay you to say so online. 2 Likes |
Re: Nigeria's Largest Banks By Valuation - Africafacstzone by phemray(m): 7:59pm On Apr 13 |
Rubyjade: This opay too much, First bank they struggle ni, 2 Billion what? On just Online and no issues. Gbefun! 3 Likes |
Re: Nigeria's Largest Banks By Valuation - Africafacstzone by TheOgaBoss: 8:02pm On Apr 13 |
DeepSight:facts don't lie oga 400 million in dollars of far more liquid capital than any bank in Nigeria has. and yes, since u mentioned it many of our banks are having problems raising the capital, that is y many are considering mergers. |
Re: Nigeria's Largest Banks By Valuation - Africafacstzone by DeepSight(m): 8:03pm On Apr 13 |
TheOgaBoss: Enjoy your tomfoolery and go buy a beer with what tip they have given you. Good night. 2 Likes |
Re: Nigeria's Largest Banks By Valuation - Africafacstzone by remsonik(f): 8:04pm On Apr 13 |
But Opay be microfinance bank now. Shebi na artisans,illiterates and everyone after their loan dey use am. Me I don't believe Opay big pass GTB,firstbank,union bank |
Re: Nigeria's Largest Banks By Valuation - Africafacstzone by Benwallt(m): 8:04pm On Apr 13 |
Opay is bae |
Re: Nigeria's Largest Banks By Valuation - Africafacstzone by OniyideAmplify(m): 8:07pm On Apr 13 |
guess Palmpay is faster than Opay. But they are both okay sha. I can't just imagine what I've passed through in the hand of GTB. |
Re: Nigeria's Largest Banks By Valuation - Africafacstzone by OniyideAmplify(m): 8:08pm On Apr 13 |
I guess Palmpay is faster than Opay. But they are both okay sha. I can't just imagine what I've passed through in the hand of GTB. [/quote] |
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