If you follow - keenly - this is just oil -value chain. The rest of Nigeria you have to understand is uniform sea of poverty. You're talking a region as big as Kenya - North Nigeria - that is not any different from Niger - just fallow land or cattle - teaming with illiterate Nigerians who have never gone to school. What banking can happen in there...I mean there is some banking to follow Oil money from South to Abuja and then to 36 states..and that is about it. Salaries and pensions are not regular.

Jonraid:
Pretax profit-48 million people -1333 million US dollars (Kenya)


-170-200million people-1999 million US dollars(Nigeria)


One is a 400 billion dollar GDP the other one is a 100 billion dollar GDP!

theenchanter:
did I say $24b is same as $14 or do u need a new pair of eyes?

I said d value of $14.5b in Tanzania may be same as $24b in kenya. U can start by checking commodities price of both countries.

Which part of 24$ billion has a far greater value than 14$ billion don't you get? A dollar is a dollar in this globalized economy. You need a new brain.

Jonraid:
You are right,rice is cheaper in Tz!

Are you happy now?

thank u sir.... u're wise..

Now, tell gallivant to stop bothering me.

Link?

obaaderemi:
Let me zoom it for you to see how poorly your banks did in 2018 despite Nigeria just exiting recession. Even Ghana with only one bank in the ranking did better than Kenya.

He will

Are you happy now?

theenchanter:
thank u sir.... u're wise..

Now, tell gallivant to stop bothering me.

gallivant:


Which part of 24$ billion has a far greater value than 14$ billion don't you get? A dollar is a dollar in this globalized economy. You need a new brain.

u're right.

If we had banking in Northern Nigeria,Boko Haram would be breaking the money vaults every f*cking day!

rvp2018:
If you follow - keenly - this is just oil -value chain. The rest of Nigeria you have to understand is uniform sea of poverty. You're talking a region as big as Kenya - North Nigeria - that is not any different from Niger - just fallow land or cattle - teaming with illiterate Nigerians who have never gone to school. What banking can happen in there ...I mean there is some banking to follow Oil money from South to Abuja and then to 36 states..and that is about it. Salaries and pensions are not regular.

You have 18 banks - top 100 - has 14 - Kenya has 45 banks - they only capture 10 of them. I mean you can use data to cheat Nigerians who didn't get enough schooling but not kenyans.

obaaderemi:
Let me zoom it for you to see how poorly your banks did in 2018 despite Nigeria just exiting recession. Even Ghana with only one bank in the ranking did better than Kenya.

Nigeria's banking asset is *3.5 of Kenya's.

And we always talk about the banking and the insurance sector.I guess they perform poorly in the insurance sector!

rvp2018:
If you follow - keenly - this is just oil -value chain. The rest of Nigeria you have to understand is uniform sea of poverty. You're talking a region as big as Kenya - North Nigeria - that is not any different from Niger - just fallow land or cattle - teaming with illiterate Nigerians who have never gone to school. What banking can happen in there...I mean there is some banking to follow Oil money from South to Abuja and then to 36 states..and that is about it. Salaries and pensions are not regular.

Yes - there is nothing there - it's just islamic states without oil - Kids go to madrassa - and that end of their schooling - then they become slaves of their Emirs - the Almajiris. It's like Northern Kenya but 100M people instead of just 2-3m people.


1 Dangote - 100M almajiri beggars

Jonraid:
If we had banking in Northern Nigeria,Boko Haram would be breaking the money vaults every f*cking day!

Don't talk insurance. Kenya is doing badly but in SSA it's only second to South Africa. Nigeria basically has non-existent insurance sector...very tiny.

Jonraid:
And we always talk about banking and insurance.I guess they perform poorly in the insurance sector!

rvp2018:
300M dollars -KCB made 240M dollars. Equity made 200M dollars profit.
https://businesstoday.co.ke/kcb-full-year-profit-up-sh24-billion/

You're puny pretending to be a giant. If you need to see 350B dollar economy - try South Africa or Egyptian banks.

I will so deal with you this afternoon.
Nigeria's biggest bank is not Nigeria's most profitable.
Nigeria's most profitable bank last year was Zenith with over $600mn dollars. How does that compare with KCB's $200mn?
Times 3 at least
https://www.dailytrust.com.ng/zenith-banks-profit-after-tax-hits-n193bn-in-2018.html

rvp2018:
You have 18 banks - top 100 - has 14 - Kenya has 45 banks - they only capture 10 of them. I mean you can use data to cheat Nigerians who didn't get enough schooling but not kenyans.

Oga, the data is against you.Your total banking asset is less than a third of Nigeria's.

And you wonder why they live an average of 55 years.How can you rescue lives with a shitty insurance sector? You get knocked by a car in the streets of Abeokuta and you are left alone to die in the hospital!

rvp2018:
Don't talk insurance. Kenya is doing badly but in SSA it's only second to South Africa. Nigeria basically has non-existent insurance sector...very tiny.

What of the total profits in that sector? You are hiding behind the 'big banks'

It looks like the other players don't contribute as much!

obaaderemi:
I will so deal with you this afternoon.
Nigeria's biggest bank is not Nigeria's most profitable.
Nigeria's most profitable bank last year was Zenith with over $600mn dollars. How does that compare with KCB's $200mn?
Times 3 at least
https://www.dailytrust.com.ng/zenith-banks-profit-after-tax-hits-n193bn-in-2018.html

theenchanter:
u're not smart, rvp..... u're not smart.

If u truly want to calculate the value of agricultural sector of a country (which is a tedious task), u have to collate a lot of data:

. Ur agricultural products produced on a yearly basis since independence.
. ur exported agricultural products since independence till date.
. amount the products were sold on a yearly basis till date.
. Average % of ur agricultural sector in ur gdp on at least 10yrs interval (ur agricultural sector should be +/-70% of ur gdp in the 70s-80s)
. Value of ur exchange rate in those complimenting years.

When u're done with that, u'll do the same for every of ur remaining sectors, then u'll collate their respective figures... that's when u'll realise that ur agricultural sector is actually 25% of ur gdp and services hold a huge chunk of ur gdp.

U dont just multiply current agricultural products by price to get ur result. It doesn't work like that.

rvp2018, ur response to this?
That's how u skip anything that's above ur brain quality, too much talk with less content is ur refuge.

At least u wont calculate economics like u calculate d soup money u give to ur wife.

Jonraid:
What of the total profits in that sector?

Still more than yours. Isn't it?

As long as you don't ban me I am okay with facts. 600M is what I would expect from Zenith bank. KCB made 250M (round off) - that about 2.5 times more to Zenith. Like I told you GDP ought to be around there 2-2.5 times.

obaaderemi:
I will so deal with you this afternoon.
Nigeria's biggest bank is not Nigeria's most profitable.
Nigeria's most profitable bank last year was Zenith with over $600mn dollars. How does that compare with KCB's $200mn?
Times 3 at least
https://www.dailytrust.com.ng/zenith-banks-profit-after-tax-hits-n193bn-in-2018.html

I thought I didn't have to dignify such a nonsense with a response.

theenchanter:
rvp2018, ur response to this?
That's how u skip anything that's above ur brain quality, too much talk with less content is ur refuge.

At least u wont calculate economics like u calculate d soup money u give to ur wife.

theenchanter:
rvp2018, ur response to this?
That's how u skip anything that's above ur brain quality, too much talk with less content is ur refuge.

At least u wont calculate economics like u calculate d soup money u give to ur wife.

It's above his head.He can only bamboozle his fellow Kenyans.

rvp2018:
As long as you don't ban me I am okay with facts. 600M is what I would expect from Zenith bank. KCB made 250M (round off) - that about 2.5 times more to Zenith. Like I told you GDP ought to be around there 2-2.5 times.

It's no longer $200mn. If I round Zenith's profit too,it's more than $600mn

Nobody is banning you. You are looking for an excuse to run away again.

When did that change. Last I checked it was 40 against 100B. We can check the data again from CBK and CBN. It was 2.5 times. That should give you enough clues that your economy GDP is OVER COOKED.

obaaderemi:
Oga, the data is against you.Your total banking asset is less than a third of Nigeria's.

rvp2018:
I thought I didn't have to dignify such a nonsense with a response.

i know u can't dignify it with a response cos its above u, u can only whine like a bushbaby.

Going by numbers,we make more than Mauritius but...


You know what my point is,I don't see the 400 billion US dollars GDP in you!

obaaderemi:
Still more than yours. Isn't it?

You're now into hair-splitting and nitpicking - the last refuge of a scoundrel before you start suppressing us. KCB made 24B. If we use google to do usd conversion - KCB 24B kshs comes 236M dollars. Zenith 195B Naira come to 540M dollars. If we do basic division...2.28 times!

obaaderemi:
It's no longer $200mn. If I round Zenith's profit too,it's more than $600mn

But where is Tanzania,the richer guys?

Equity join KCB and circle Ethiopia market. Kenyan banks are already going down as far as Mozambique and up north to South Sudan and west to DRC Congo. West Africa won't be long.
https://businesstoday.co.ke/equity-bank-expands-into-ethiopia/

rvp2018:
When did that change. Last I checked it was 40 against 100B. We can check the data again from CBK and CBN. It was 2.5 times. That should give you enough clues that your economy GDP is OVER COOKED.

Total asset ...Nigeria ($111bn 150mn)
Kenya.......($32bn 720mn)
111.150/32.720

=3.4

rvp2018:
You're now into hair-splitting and nitpicking - the last refuge of a scoundrel before you start suppressing us. KCB made 24B. If we use google to do usd conversion - KCB 24B kshs comes 236M dollars. Zenith 195B Naira come to 540M dollars. If we do basic division...2.28 times!

Liar. You are desperate.
195bn naira is $673million dollars.
*2.8 approximately *3.

Nonsense. Comparing 2015 Kenya data with latest Nigeria data. By 2016 - it was 2017 around 37B. Now it should be way above 40B dollars.

Nairobi, 25th August 2017 - Kenya Bankers Association (KBA), the banking industry's umbrella body and the financial sector's lead advocacy group representing total assets in excess of Kshs. 3.7 trillion (USD 37 Billion), has announced that Mayfair Bank Ltd

obaaderemi post=7929
3751:
Total asset ...Nigeria ($111bn 150mn)
Kenya.......($32bn 720mn)
111.150/32.720

=3.4

Jonraid:
Going by numbers,we make more than Mauritius but...


You know what my point is,I don't see the 400 billion US dollars GDP in you!

It doesn't work that way,boy.How come Tunisia with a $40bn GDP have the same banking asset with Kenya with a phantom $100bn gdp.? I am waiting for your explanation.

South Africa-8.3b

Egypt-5.5b

Morrocco-2.1b

Nigeria-1.9b (the biggest economy in Africa )-170-200 million people!

Kenya-1.3b

Algeria-972m USD


Comment-Crazy numbers by South Africa!