compare them to SA banks and other than 2 or 3 SA banks, nigerian banks are larger
Which countries will emerge as the "African Lion" Economies
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Eh, no...compare them to SA banks and other than 2 or 3 SA banks, nigerian banks are larger
http://findarticles.com/p/articles/mi_qa5327/is_/ai_n30888391
Please go take your fail attempts at trolling somewhere else.
wow, I didnt know this.Alex, the banking sector in Nigeria is far more ahead that those in Algeria and the Nigeria banks are booming. They buy a lot of banks in Africa and invest in other banks.
Also the telecom, stock exchange of Nigeria are booming. And also the mining, agriculture etc..
Nigeria has a very open economy and their FDI is growing..
Algeria has the potential to become a emerging market, but the need to open their economy, modernise their banks, stock exchange and other companies..
Nigeria: banks at the top
Date: 16.10.2008 The largest financial institutions in West-Afrika are in Nigeria. In the top 20-list 19 banks were Nigerian banks . These banks have made considerable more profit, with as head Intercontinental Bank' and ' First bank or Nigeria'. The position of banks are development and rising, companies in Nigeria improve more then ever. There is now a sufficient capital for investments of companies in Nigeria.
The financial service is the top of the Nigerian macro-economy at this moment. The increase was used by the government that wants to make Nigeria the financial `hub' of Africa, the current increase can be now attributed entirely to private companies. The market atracttes a lot of investors. With a population of 140 millions and a strongly rising middle class is the financial sector becoming enormous.
Source: Dutch ministery of economic business
http://www.evd.nl/zoeken/showbouwsteen.asp?bstnum=217864
Wasnt the African Development Bank (which lends money to African governments for development projects) originally a Nigerian Trust or partially Nigerian or something like that?
thanks for that info.
comparing to SA banks, nigerian banks are still very large. and ABSA is not considered a SA bank since it got bough out by barclays. so ok, maybe 4 SA banks are larger, big deal. they are growing much slower and looking to invest in nigerian banks to help their growth. the industry in SA is top heavy. i counted maybe 7 banks, 4 near the top. nigeria had triple that amount.Eh, no...
http://findarticles.com/p/articles/mi_qa5327/is_/ai_n30888391
Please go take your fail attempts at trolling somewhere else.
If you combine Nigeria's top four banks, they're less than the size of South Africa's largest. (notice that the Nigerian stats are more recent than the South African stats on top of that) That's not "very large." Yes, it is a very big deal. You're quick to be a smart ass but then when you're proven to be very wrong it suddenly doesn't matter anymore. The growth of SA banks has sweet nothing to do with the current size of Nigerian banks vs. SA banks. Don't try to cover up your tracks by changing the topic (and I'd love to see those growth stats too - I'm very interested).comparing to SA banks, nigerian banks are still very large. and ABSA is not considered a SA bank since it got bough out by barclays. so ok, maybe 4 SA banks are larger, big deal. they are growing much slower and looking to invest in nigerian banks to help their growth. the industry in SA is top heavy. i counted maybe 7 banks, 4 near the top. nigeria had triple that amount.
Secondly, Barclays is struggling and ABSA is considering a reverse-takeover of Barclays in order to save it.
And lastly, quantity vs. quality is a very important factor. Though Nigeria may have many banks, they're all rather small. If South Africa were to have as many banks in the mix we'd see a very similar picture.
Saudi Arabia has the largest banks in the PO and it is petroleum depandant not emergingcompare them to SA banks and other than 2 or 3 SA banks, nigerian banks are larger
no white dummy, you stated when compared to SA banks nigerian arent very big. saying they are smaller than SA banks in no ways means they arent very big. you may see a bank that ranks second argest with several billion in assets as not very big, but the experts do and constantly rank nigerian banks as large.If you combine Nigeria's top three banks, they'll be about the same size as South Africa's largest. That's not "very large." Yes, it is a very big deal. You're quick to be a smart ass but then when you're proven to be very wrong it suddenly doesn't matter anymore. The growth of SA banks has sweet nothing to do with the current size of Nigerian banks vs. SA banks. Don't try to cover up your tracks by changing the topic (and I'd love to see those growth stats too - I'm very interested).
Secondly, Barclays is struggling and ABSA is considering a reverse-takeover of Barclays in order to save it.
And lastly, quantity vs. quality is a very important factor. Though Nigeria may have many banks, they're all rather small. If South Africa were to have as many banks in the mix we'd see a very similar picture.
standard is the largest. no one argues that. it's one of those overlays from the british that SA inherited, and ABSA is not a SA bank. why do you compare only the very top banks?
Firstly, I will be contacting the South African moderator about your racial comment.no white dummy, you stated when compared to SA banks nigerian arent very big. saying they are smaller than SA banks in no ways means they arent very big. you may see a bank that ranks second argest with several billion in assets as not very big, but the experts do and constantly rank nigerian banks as large.
standard is the largest. no one argues that. it's one of those overlays from the british that SA inherited, and ABSA is not a SA bank. why do you compare only the very top banks?
Secondly, you really are an extremely thick person. Nigerian banks are not very large. "Very large" does not mean 5th biggest by billions upon billions. Whilst they may be large banks, they are not *very* large. If they are then what adjective would you use to describe Standard Bank with? "Extremely massive?"
You really are a joke.
contact whoever you want cry baby. you sought to prove that nigerian banks arent very big when compared to SA banks but you're too simply to understand that its a subjective standard. what exactly is particularly large. they are 5th on the list of largest banks, with 4 SA banks bigger. at best it means SA has a few larger banks . big deal.Firstly, I will be contacting the South African moderator about your racial comment.
Secondly, you really are an extremely thick person. Nigerian banks are not very large. "Very large" does not mean 5th biggest by billions upon billions. Whilst they may be large banks, they are not *very* large. If they are then what adjective would you use to describe Standard Bank with? "Extremely massive?"
You really are a joke.
anyway, go call the SA moderator. i guess you feel your fellow countryman shares your bigoted views and will side with you. thanks for proving my point about how prevalent your bigoted views are in SA
Aw cute, you make the mistake of thinking I, or anyone from the South African forum could care less about what you have to saycontact whoever you want cry baby. you sought to prove that nigerian banks arent very big when compared to SA banks but you're too simply to understand that its a subjective standard. what exactly is particularly large. they are 5th on the list of largest banks, with 4 SA banks bigger. at best it means SA has a few larger banks . big deal.
anyway, go call the SA moderator. i guess you feel your fellow countryman shares your bigoted views and will side with you. thanks for proving my point about how prevalent your bigoted views are in SA
And secondly, facts and figures are not subjective. I sought to prove they are not very big, correct, and I did. Now when you realise you're wrong, a bank less than a third the size of South Africa's biggest bank is suddenly "very large." :lol:
^^ Lydon and Owo9ja
Will you both please stop being so petty
Will you both please stop being so petty
I just want people to know that Lydon doesnt represent all South African forumers. He is usually in the SSCAfrica section arguing with someone and what not..but that is not how most S.African forumers are.
In fact South African forumers are the ones who helped us get the SSCAfrica forum up and running. Their support helped us.
Lydon just seems to like to argue alot for some reason and thats okay too.
The same goes for owo9ja, I think he is a Nigerian forumer but he isnt representative of all Nigerian forumers who are usually good posters. For example one of the most excellent forumers- Tbite- is a Nigerian forumer if I am not mistaken.
In fact South African forumers are the ones who helped us get the SSCAfrica forum up and running. Their support helped us.
Lydon just seems to like to argue alot for some reason and thats okay too.
The same goes for owo9ja, I think he is a Nigerian forumer but he isnt representative of all Nigerian forumers who are usually good posters. For example one of the most excellent forumers- Tbite- is a Nigerian forumer if I am not mistaken.
I feel the need to apologise.
I am not here to troll or to flame. What does annoy me is when forumers constantly attack South Africa due to a number of various reasons. The main reason being race. As a white person myself, being forced to sit back and simply deal with the hate thrown towards SA and its white population is tough. Couple that with the constant jealousy expressed by some and their obsession with belittling my country and I'm sure you'll understand my frustration.
I try my best to contribute towards this forum, and will continue to do so. I will also try my best to ignore any racial remarks (as reports in this section seem to get ignored). Anyway, things have gotten out of hand and I once again apologise. Case closed.
I am not here to troll or to flame. What does annoy me is when forumers constantly attack South Africa due to a number of various reasons. The main reason being race. As a white person myself, being forced to sit back and simply deal with the hate thrown towards SA and its white population is tough. Couple that with the constant jealousy expressed by some and their obsession with belittling my country and I'm sure you'll understand my frustration.
I try my best to contribute towards this forum, and will continue to do so. I will also try my best to ignore any racial remarks (as reports in this section seem to get ignored). Anyway, things have gotten out of hand and I once again apologise. Case closed.
^^that is a good first start Lydon. Things do get out of hand at times.
But how can anyone not like or praise South Africas prosperity and greatness? :?
To be honest with you, although I dont doubt your claims, I have seen very little of this "hate" you talk about directed towards South Africa in the SSC section.
In fact, most of us continually praise South Africa for many things. In the SKYLINE thread alone, almost all SSC forumers said South Africa has the best skyline in Africa and even competes among the best in the world.
South Africa is Africas pearl and pride and joy.
I dont think any African forumer disagrees with that, nor have I seen any consistent "hate" directed toward such a great nation here.
But how can anyone not like or praise South Africas prosperity and greatness? :?
To be honest with you, although I dont doubt your claims, I have seen very little of this "hate" you talk about directed towards South Africa in the SSC section.
In fact, most of us continually praise South Africa for many things. In the SKYLINE thread alone, almost all SSC forumers said South Africa has the best skyline in Africa and even competes among the best in the world.
South Africa is Africas pearl and pride and joy.
I dont think any African forumer disagrees with that, nor have I seen any consistent "hate" directed toward such a great nation here.
Compare to SA banks Nigeria's aren't actually as large but near as large. Zenith bank among large banks in Nigeria has an asset of over 50 billion dollars which is not too bad. SA cannot be a yard stick to measure emerging market of which all know is already among the club.Nigeria isn't an emerging market yet...but it will be one soon. Though its banks may be large, compare them to South Africa's banks for example and they don't look so large. So whilst they may be big, they aren't big enough yet. The keyword being yet.
However, the world Economic Forum 2008 accept Nigeria and Egypt as the only seen emerging marketeconomies in Africa as at 2008. I am not trying to disrespect any other country in Africa. Yet , Nigeria needs to do moe than the other to really be called emerging economy like in the areas of investing massively on infrastructure, beefing up the security system, embracing a stable government, etc. Of which many other countries in Africa are doing well like in the case of Morocco, Tunis, Mauritius, Senegal ( that alone cannot be used at a measure too). I think Nigeria has a very high returns from its expatriates which is a very considerable factor of some emerging market economies.
precisely.Compare to SA banks Nigeria's aren't actually as large but near as large. Zenith bank among large banks in Nigeria has an asset of over 50 billion dollars which is not too bad. SA cannot be a yard stick to measure emerging market of which all know is already among the club.
However, the world Economic Forum 2008 accept Nigeria and Egypt as the only seen emerging marketeconomies. I am not trying to disrespect any other country in Africa. Yet , Nigeria needs to do moe than the other to really be called emerging economy like in the areas of investing massively on infrastructure, beefing up the security system, embracing a stable government, etc. Of which many other countries in Africa are doing well like in the case of Morocco, Tunis, Mauritius, Senegal ( that alone cannot be used at a measure too). I think Nigeria has a very high returns from its expatriates which is a very considerable factor of some emerging market economies.
i am so sorry Lyndon....stop insulting the dude.Lydon keep on doing ya thing!
Oh for gods sake: everyone with half a brain cell knows that ABSA is not a british bank!! It merely has Barclays as one of its largest shareholders. It is still a South African bank listed on the JSE. Sorry to give the corporate law for morons lecture but having large shareholder from say Britain does not make a company british.
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