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Sun International Leaves Nigeria Over ‘Hostile Environment’ - Business (3) - Nairaland

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Re: Sun International Leaves Nigeria Over ‘Hostile Environment’ by BetaThings: 2:49am On Aug 23, 2016
knightsTempler:
Any good news yet?

Sai chanji!

Meanwhile, the type of headlines you read in the news are:

*A man arrested for naming his dog Buhari
*Man steals pot of soup on fire
*A Southeast governor hospitalized after being slapped by a ghost carrying a child
*Nigerian Dream Team stranded at the airport
*Arrested Fulani Herdsmen escape from prison
*Woman gives birth while queuing at the filling station
*Trucks of foodstuffs meant for IDPs camp hijacked
*A woman exchanges her daughter for 10 cups of garri
*Nigeria replaced by South Africa as the no 1 fastest growing economy in Africa
*Outbreak of Polio hits Nigeria
*Etcetera etcetera

Such is the #change 15 million Nigerians asked for. Unfortunately though, every Nigerian living in Nigeria is bearing the brunt.

So I ask, any good news yet?

-Laura Pius.

These were the stagnation news under Jonathan

Okupe promised to deal with anyone who insults Jonathan
Baby factories busted
Ebola appears in Nigeria
N1.8b Ebola fund cornered by Health Ministry
Nigeria leaves London Olympics with no medal
Boko Haram takes over community and plants flag
Governors forum election won by the man who scored 16 votes against his opponent's 18
CP Mbu restricts Amaechi's movement
Minority takes over Ekiti Assembly
Minority takes over Rivers Assembly, majority regroups to take over
Soldiers impound and slash Newspapers, Vendors arrested - the Nation, Punch, Daily Trust targeted
Flooding all over the country - FG says we have done our best
Ekiti election : Oshiomole, Tinubu other APC members denied access to Ekiti; PDP members given free access
Osun Election: DSS arrests Lai Mohammed for going to Osun, Marilyn Ogar declares he is from Kwara and should not come to Osun

APC members denied landing right in Bauch, plane return to take off point without
Buhari prevented from campaigning at the venue he paid for
Atiku denied access to campaign venue in Ebonyi
Oshiomole planes forced to turn back; Edo Gov's journey aborted
NCAA : You cannot carry your friend in your private jets

1 Like

Re: Sun International Leaves Nigeria Over ‘Hostile Environment’ by BetaThings: 2:55am On Aug 23, 2016
davide470:
Well, Tiger Brands left Dangote Flour after years of recording losses. Within a year of their exit, Dangote brought back Dangflour to a profitability status.

Sun is leaving Federal Palace Hotel citing unrealised loss of foreign exchange bla bla.. Though it is not a public quoted firm, I can bet you after their exit, Federal Palace Hotel would bounce back.

So you see why foreign investors are skeptical?

Na by ourself we dey kill ourself!..

Don't mind them
If Buhari says Nigerians are corrupt, they say the man is demarketing Nigeria
But see the negative wishes they are invoking on Nigeria because they are out of power for the first time since 1999
Although PDP voted in a Katsina/Fulani man in 2007, suddenly it is wrong for APC to have a Katsina person/Fulani president

Anyway are new hotels being built in Nigeria - if the answer is yes, the opponents of Buhari should not join those
And I reckon people are no longer making testimonies about their good fortune in church
the 40 laptops have become 4,000

They will eat their words by the Grace of God
Re: Sun International Leaves Nigeria Over ‘Hostile Environment’ by hartson: 3:00am On Aug 23, 2016
everywhere both off and on line.
Re: Sun International Leaves Nigeria Over ‘Hostile Environment’ by olipo: 3:07am On Aug 23, 2016
anywhere them wan go make we see lol.i love my president
Re: Sun International Leaves Nigeria Over ‘Hostile Environment’ by ibedun: 4:24am On Aug 23, 2016
ibkgab001:
People living in diaspora pushed us to vote for Buhari ... it shall not be well with them everywhere they may be..

Oloshi guy, it is already well infact too well with us in diaspora and your curse is right back at you.

Where the hell were you lot when our survival dollar reserves were being depleted by NOI, GEJ and the saboteurs who call themselves importers?

Economic crisis don't just happen out of the blues, it builds up over years of ineptitude and in Nigerians case mindless looting. Looting your own country to buy unnecessary consumer items to impress each other......and now together you are all in Sh-it hole. We ran tu Buhari the same way we ran to the miracle pastors seeking solace from our own self inflicted injuries.

Ko baje fun e!

5 Likes

Re: Sun International Leaves Nigeria Over ‘Hostile Environment’ by Moneyyy: 4:24am On Aug 23, 2016
Re: Sun International Leaves Nigeria Over ‘Hostile Environment’ by faceland: 4:27am On Aug 23, 2016
Times are hard and the nation's currency is weak against the dollars. It's hard to make sales and the money is less than 50% of its value 2 years ago.
Re: Sun International Leaves Nigeria Over ‘Hostile Environment’ by OROSUNBOLB(m): 4:29am On Aug 23, 2016
We need God's intervention now! Nigeria is just crumbling like cookies.
Re: Sun International Leaves Nigeria Over ‘Hostile Environment’ by ibedun: 4:35am On Aug 23, 2016
OROSUNBOLB:
We need God's intervention now! Nigeria is just crumbling like cookies.

Abel leave God out of this......prayers and the Christian God don't fix economies.

We had surplus billions of dollars which like a prodigal child we spent without caution, living well beyond our legitimate means. Throwing away hard currency thinking we are balling........well let's sit back and enjoy our economic downturn. No prayers can fix this!
Re: Sun International Leaves Nigeria Over ‘Hostile Environment’ by LeStylo: 4:57am On Aug 23, 2016
davide470:
Well, Tiger Brands left Dangote Flour after years of recording losses. Within a year of their exit, Dangote brought back Dangflour to a profitability status.

Sun is leaving Federal Palace Hotel citing unrealised loss of foreign exchange bla bla.. Though it is not a public quoted firm, I can bet you after their exit, Federal Palace Hotel would bounce back.

So you see why foreign investors are skeptical?

Na by ourself we dey kill ourself!..

I like the Tiger brands example which bounced back within a year of Dangote's intervention. Eko hotel is curiously out-performing itself even under these current economic crunch and so it Oriental hotel. I think marketing dynamics count too. Generally though, one would expect a dip in sales of luxury services. Poor Sun! Hope they get back soon.

1 Like 1 Share

Re: Sun International Leaves Nigeria Over ‘Hostile Environment’ by Jobos(m): 5:20am On Aug 23, 2016
davide470:
Well, Tiger Brands left Dangote Flour after years of recording losses. Within a year of their exit, Dangote brought back Dangflour to a profitability status.

Sun is leaving Federal Palace Hotel citing unrealised loss of foreign exchange bla bla.. Though it is not a public quoted firm, I can bet you after their exit, Federal Palace Hotel would bounce back.

So you see why foreign investors are skeptical?

Na by ourself we dey kill ourself!..

You are correct.
During the boom they never save for this kind of economic situation.they repatriated all gains in the past years.

Let them go to where the economy is better, their second coming will face strick regulation.

2 Likes

Re: Sun International Leaves Nigeria Over ‘Hostile Environment’ by Nobody: 5:59am On Aug 23, 2016
Bye bye now, fair weather friend, have a nice trip.
Re: Sun International Leaves Nigeria Over ‘Hostile Environment’ by 19naia(m): 6:07am On Aug 23, 2016
It may be a good thing that they go. The hotel will remain and will be available for other investors. So many high priced hotels have sprouted up on Lagos and that may be one of the reasons why their business has slowed. People just come and invest in whatever they want with money they aquired in whatever way including government embezzlement, and they don't look at the market to see if it is saturated to the point that some old players will be forced to drop out while new comers struggle to find enough customers.
With all of the big dirty money in Nigeria being spent and invested, it makes it very difficult for more honest people to make their investments work because those who just go and steal governemnt money can continue with more stolen money and saturate a market with their investments even if it is not profitable, and do so until those dependent on honest money are foced out of business.
Nigeria is full of investments of laundered loot. Investments that dont care if profit is being generated because the only goal is to create a false image of a genuine source for streaming income that is actually coming from theft and illicit trades.
It squeezes out more honest investors and destabilizes the investment atmosphere in the economy. When thieves and illict Traders are the main players in the economy, it will make for a continually crooked market culture and make business difficult for intelligent investors. Real progress will come when intelligent people rise in the economy rather than be displaced by ignorant brutes whose only talent is banter and coruption as a means to manipulate their way over other people's money such as public funds accumulating in government coffers.
Re: Sun International Leaves Nigeria Over ‘Hostile Environment’ by ibkgab001: 6:11am On Aug 23, 2016
You statement Will let either police or sherif pull you over today ... You will pay for their sins

Olosi Olori gogun you hate GEJ even in your dream haters


https://www.nairaland.com/276700/blame-nigerias-problems-leaders-people

You are to be blame ... Yes you and you alone is our problem you will not go Scot free

Re: Sun International Leaves Nigeria Over ‘Hostile Environment’ by Alaanyihaji(m): 6:21am On Aug 23, 2016
The most painful aspect is that PMB is so loyalty conscious that he has confined his search for economic help to his enclave. And his advisers are not sincere to own up to helplessness. God blessed Nigeria with diverse experts that can steer us out of the wood. May PMB and the Jagaban accept to invite and use them to excel.

2 Likes

Re: Sun International Leaves Nigeria Over ‘Hostile Environment’ by Kaybaba5(m): 6:22am On Aug 23, 2016
Nigeria will be great again.
This is our country, we should be using our mouth to say good things.
I belief it will be good one day
Re: Sun International Leaves Nigeria Over ‘Hostile Environment’ by Nobody: 6:24am On Aug 23, 2016
I will take them serious when MTN and shoprite leaves
Re: Sun International Leaves Nigeria Over ‘Hostile Environment’ by idpompe: 6:35am On Aug 23, 2016
I feel for the Nigerians that will loose their jobs because of this pull out.PMB only wasted tax payer's money traveling all over the world, woeing investors,without taking care of the existing ones.No good thinking investor can possibly move to the country.

2 Likes

Re: Sun International Leaves Nigeria Over ‘Hostile Environment’ by millhouse: 6:37am On Aug 23, 2016
Hedonistically:


Don't be so myopic and shallow. Did you see where it was stated that the EFCC detained 5 employees of the company and confiscated their passports for several months even without any concrete charges or evidence of guilt? Does that make any sense to you? What signal do you think such primitive action and arbitrary lawlessness would send to current and potential foreign investors?

If your mental faculties permit, what do you reckon this shabby state of affairs portends for our already comatose economy in the future - in terms of the big picture? THINK.
I dey tell you. Some people just don't think and when the naira keeps going southwards due to lack of inflows from foreign investors them go say na GEJ. If they put that story in their Financials that the whole world can read.. I wonder who would want to come to do business here... Not as if we have local investors with Hugh financial warchest.

3 Likes

Re: Sun International Leaves Nigeria Over ‘Hostile Environment’ by NaijaEfcc: 6:42am On Aug 23, 2016

1 Like

Re: Sun International Leaves Nigeria Over ‘Hostile Environment’ by benflin(m): 6:48am On Aug 23, 2016
Please when is Dstv going....?
Re: Sun International Leaves Nigeria Over ‘Hostile Environment’ by yak(m): 6:50am On Aug 23, 2016
pippimp:


It has always been this bad. Since independence in fact. The only reason you notice it now is because of the drop in oil revenue. If oil proceeds were still the same, everybody would still be living an illusion. I don't think you all realise the quagmire you are in yet. In the just concluded world conference on climate change, all countries have agreed to stop using crude oil based products to power cars, machinery, etc in 50 years. You guys are phucked in another half century.

n some1 is still spending billions looking for crude in d North? dd Nigeria av delegation in d said conference?

1 Like

Re: Sun International Leaves Nigeria Over ‘Hostile Environment’ by onionsoup(f): 7:03am On Aug 23, 2016
Rapmoney:
Photo of my goat I named 'Aisha' today!!! 22nd August, 2016! A day to remember!!! I love this goat cool



The goat no get other name (surname) Complete am naaa abeg grin
Re: Sun International Leaves Nigeria Over ‘Hostile Environment’ by Nobody: 7:10am On Aug 23, 2016
ChappyChase:
What should I say?
Congratulation or Condolence to Nigeria??

The quietness or rather grave yard silence of the big wigs, who sold this broom waving change to us, is deafening.!

Have they all gone mute? Even the great propergandist is nowhere to be found in information ministry to suit the pains of Nigerians with sugar-coated messages!!!

Haba?

1 Like

Re: Sun International Leaves Nigeria Over ‘Hostile Environment’ by Rapmoney(m): 7:11am On Aug 23, 2016
onionsoup:




The goat no get other name (surname) Complete am naaa abeg grin
You wan cause tribal war, abi? grin
Re: Sun International Leaves Nigeria Over ‘Hostile Environment’ by ChappyChase: 7:17am On Aug 23, 2016
Okikiki:


The quietness or rather grave yard silence of the big wigs, who sold this broom waving change to us, is deafening.!

Have they all gone mute? Even the great propergandist is nowhere to be found in information ministry to suit the pains of Nigerians with sugar-coated messages!!!

Haba?
Oga e be like sey you no know even sugar don cost!

2 Likes

Re: Sun International Leaves Nigeria Over ‘Hostile Environment’ by peacecoy: 7:18am On Aug 23, 2016
xreal:
I think that is an achievement to Nigerian Labour market. Someone just lost his/her job due to government's negligence.
Alarmist! Their leaving willnotc not close the hotel .In fact investors ready to swim the tide will cash in.Tiger brand abandoned Danflour ltd.but the company is doing much better now! SA outfits are all scammers.
Re: Sun International Leaves Nigeria Over ‘Hostile Environment’ by onionsoup(f): 7:27am On Aug 23, 2016
Rapmoney:
You wan cause tribal war, abi? grin


Guy no wooorrry noting dey happen. Jus name the ewu make devu shamegrin

1 Like

Re: Sun International Leaves Nigeria Over ‘Hostile Environment’ by kan12(m): 7:27am On Aug 23, 2016
THANK YOU GUYS FOR WAITING TILL THIS TIME BUT WHAT KEPT YOU GUYS THIS LONG?
Re: Sun International Leaves Nigeria Over ‘Hostile Environment’ by onionsoup(f): 7:37am On Aug 23, 2016
OROSUNBOLB:
We need God's intervention now! Nigeria is just crumbling like cookies.


Nigeria is not crumbling in the name of Jesus Christ. Divine intervention is near. The mercy of God will prevail
Re: Sun International Leaves Nigeria Over ‘Hostile Environment’ by Charmarlegne: 7:40am On Aug 23, 2016
ibedun:


Oloshi guy, it is already well infact too well with us in diaspora and your curse is right back at you.

Where the hell were you lot when our survival dollar reserves were being depleted by NOI, GEJ and the saboteurs who call themselves importers?

Economic crisis don't just happen out of the blues, it builds up over years of ineptitude and in Nigerians case mindless looting. Looting your own country to buy unnecessary consumer items to impress each other......and now together you are all in Sh-it hole. We ran tu Buhari the same way we ran to the miracle pastors seeking solace from our own self inflicted injuries.

Ko baje fun e!
ooooh! Why did you reply that monkey? You just upgraded it to human status. You should have just ignored it. Poverty makes animals act in strange ways.

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