Some banks are about to fold up

Hotfreezers:
If you hear your name, come out here.

Heritage Bank
Fidelity Bank
Jaiz Bank
Unity Bank
Polaris Bank
Sterling Bank
Keystone Bank

Wema nko?

Missperplexity0:
I need help with a job in lagos or donation to start a little business, help a sister in need.....3022388333 POLARIS

You're pretty

If that's really you

I'm willing to date you and take care of all your needs.

DM if interested.

iamawara:

Wema nko?

Wema won't go under, I assure you.

It is the former Owena bank and the SW Governors (Former Western Region) would just pull funds out and dump in it.

Wema knows its existence is always protected and that's why they aren't aggressive in growth or innovation.

Ijawwomaninoyo:


Anything you don't want Nigerians to know or any valuable you want to keep, put it in a book, Nigerians don't like to read.
Can he ask anyone to summarize Tonto or Regina's story?

Give credits to Chris Rock.

maybachmusic:
Nigerian banks no strong


Small companies for Europe gp buy them

Bank sizes are relative to their host economies.

ayusco85:
For the lazy readers like the guy above me, here is the reason why CBN decided this recapitalization

"Speaking on strategies to achieving these priorities, Emefiele said the CBN would implement its agenda under various initiatives.

This, he noted, would enable the bank to achieve macroeconomic stability, exchange rate stability, financial system stability, financial inclusion, access to credit, lending to MSMEs, consumer credit and mortgage lending among others.".

Instead of you to explain in your own words, you’re still bringing it out verbatim.... Olodo

eagleae7:
This is good so long our money is safe, but who made the naira this weak , just imagine how they're comparing the capital base of banks based on the rate at which dollar was from 2004 vs now.

FG should also compare dollar rate then vs now while taking decision on Workers payment, welfare et al. While the politicians enjoy huge wage, great number of Nigerians live below $1 a day.

Image how long it took to upgrade the minimum wage, compare their wage then vs now with dollar then vs now.

God bless Nigeria
God bless good people
God give our leaders understanding and wisdom to lead.

The numbers they're quoting about Nigerians living on less than a dollar a day is highly bogus.

A dollar is worth about N364 on the black market. Families living below that cannot afford medical treatments, drugs and even nutritious food.

So where are these emaciated, frail, ailing, quivering mass of starving wretches falling down and dying in their millions everyday?

H

Good thinking

ayusco85:
For the lazy readers like the guy above me, here is the reason why CBN decided this recapitalization

"Speaking on strategies to achieving these priorities, Emefiele said the CBN would implement its agenda under various initiatives.

This, he noted, would enable the bank to achieve macroeconomic stability, exchange rate stability, financial system stability, financial inclusion, access to credit, lending to MSMEs, consumer credit and mortgage lending among others.".

Summary. They spent last four years deceiving themselves and our currency devalued. At first, they had to adjust petrol price which made it all a waste of time. Now they have to strengthen the banks all over again. We still lost jobs massively in between so we really have nothing to show for this last 4 years. TSA was pointless. So is all the noise about foreign reserves increase. Further maths is different from math last last.

Economic management is a complex beast. See how everything interconnects? I think these guys thought Okonjo was playing abi? They were taking decisions independent of the big picture and always prepared to blame PDP after every misstep.

tunwumi:
Just say you want to continue the policy of Soludo which you have found unbeatable. He has said it will be 100B in 15years. What will have been right is to acknowledge his foresight and intellectuality.


We will only be left with just 5 banks.

First Bank

GTB

Access

Zenith bank

Other Banks

Are you saying banks didnt recapitalize before Soludo?
Recapitalization is a textbook process known to all individuals in the banking industry.

Now I know we need divine intervention in Nigeria.The capitalisation exercise was carried out before has crippled many banks.Some of the banks that met the requirements eventually died-Intercontinental,Bank PHB,Diamond etc.Any fresh recapitalization will catapult many banks into the ocean. Let's strengthen our economy and things will work out fine.

Well done hard working student, we don see you... if dem check you very well now, you still dey write WAEC

ayusco85:


What a lazy student you are. Hustling for FTC but doesn't care about the content.

READER, your mates dey use their RAEDER status get professor

Hotfreezers:


It is not that the post is too long, you have a short attention span.

Try to engage in more reading activities to build up your reading capabilities.

Neoteny:

You're pretty
If that's really you
I'm willing to date you and take care of all your needs.
DM if interested.

thats me, u can help without dating me.

Hotfreezers:
If you hear your name, come out here.

Heritage Bank
Fidelity Bank
Jaiz Bank
Unity Bank
Polaris Bank
Sterling Bank
Keystone Bank

Very brilliant!

Missperplexity0:
I need help with a job in lagos or donation to start a little business, help a sister in need.....3022388333 POLARIS

You no dey Naija? Dem say Polaris wan capitalise!

Missperplexity0:
thats me, u can help without dating me.

Nope

We deal...or we don't

ayusco85:
For the lazy readers like the guy above me, here is the reason why CBN decided this recapitalization

"Speaking on strategies to achieving these priorities, Emefiele said the CBN would implement its agenda under various initiatives.

This, he noted, would enable the bank to achieve macroeconomic stability, exchange rate stability, financial system stability, financial inclusion, access to credit, lending to MSMEs, consumer credit and mortgage lending among others.".

No brother, you getting it wrong.....recapitalization of the cash reserves is not same as the objectives he wishes to actualize....the 5 priorities he stated are not the strategies he would use to recapitalize the banks capital base. He jus needs approval from the governors committee on the amount they want to augment the current capital base with.

Neoteny:

Nope
We deal...or we don't

am not interested....thanks for d concern though

Missperplexity0:
am not interested....thanks for d concern though

Your loss

hope4life:
Now I know we need divine intervention in Nigeria.The capitalisation exercise was carried out before has crippled many banks.Some of the banks that met the requirements eventually died-Intercontinental,Bank PHB,Diamond etc.Any fresh recapitalization will catapult many banks into the ocean. Let's strengthen our economy and things will work out fine.

You have point

gr8keeng:
Well done hard working student, we don see you... if dem check you very well now, you still dey write WAEC

I passed waec and neco first sitting 2002. U don't want to hear the rest idiot

tiwiex:


Summary. They spent last four years deceiving themselves and our currency devalued. At first, they had to adjust petrol price which made it all a waste of time. Now they have to strengthen the banks all over again. We still lost jobs massively in between so we really have nothing to show for this last 4 years. TSA was pointless. So is all the noise about foreign reserves increase. Further maths is different from math last last.

Economic management is a complex beast. See how everything interconnects? I think these guys thought Okonjo was playing abi? They were taking decisions independent of the big picture and always prepared to blame PDP after every misstep.

Say no more befote they tag you a wailer. Let's see what they will achieve in the next 4 yrs

bluecircle470:


Instead of you to explain in your own words, you’re still bringing it out verbatim.... Olodo

Just say you have a problem with big grammar you want someone to break it down for you maybe in primary 5 English or in pidgin.

Lazy Nigerian youth.

chloride6:


Are you saying banks didnt recapitalize before Soludo?
Recapitalization is a textbook process known to all individuals in the banking industry.

Please tell me who did it before soludo

gr8keeng:
READER, your mates dey use their RAEDER status get professor

Not only are you ignorant, you have dedicated your life to ignorance.

You are spelling reader as raeder?
You are mentally crippled.

common sense should tell you that was a mistake. The word READER appeared twice in my statement and cos you want to make a fool of yourself, you are quick to cite the one with the mistake and ignored the other, you are the one that is mentally crippled.... too know kee you there

Hotfreezers:


Not only are you ignorant, you have dedicated your life to ignorance.

You are spelling reader as raeder?
You are mentally crippled.

Master, please I'm interested in the rest of your story, EWU

ayusco85:


I passed waec and neco first sitting 2002. U don't want to hear the rest idiot

Hotfreezers:
If you hear your name, come out here.

Heritage Bank
Fidelity Bank
Jaiz Bank
Unity Bank
Polaris Bank
Sterling Bank
Keystone Bank

Oga, nor be by name o, go and check their financial reports before making any list. Diamond had a better name, but we all witnessed the end result. Heritage would certainly go down unless something is done urgently. Las las many will form merger, while others would be relegated to the likes of WEMA and other regional banks.

Last time I checked, Sterling bank has a bigger shareholder equity than FCMB. You should replace Sterling bank with FCMB.

Hotfreezers:
If you hear your name, come out here.

Heritage Bank
Fidelity Bank
Jaiz Bank
Unity Bank
Polaris Bank
Sterling Bank
Keystone Bank

Polaris bank go polarize again