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Are Nigerian Banks As Shiny As They Look?

http://groups.yahoo.com/group/naijamix/message/54

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hi, you can find all US bank locations, addresses, telephone numbers and more details here. Check out the below link

US Bank Locations

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Its a shame that Nigerians with all their knoweldge still find it hard to put their house in other. Then what the need in going to school then? I thought school makes someone to kow what is right and wrong. what he consider wrong he made right by knowledge but not in this case.

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Only Seven Banks Healthy In Nigeria, Says NASB

By Emele Onu, Finance Editor, Lagos

http://allafrica.com/stories/200810270905.html

Still don't understand why they are over praising Soludo

what's so difficult in implementing common year end

these people re meant to be professionals do they really need some sort of regulators

to tell them what to do??

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you must be having a laugh!?!? they just collect salaries and work overtime

when the manager shouts bark they bark!!!

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from my own understanding, current account holders pay interest to banks while banks pay interest to savings account holders, but in the case of intercontinental bank PLC, i thinks it's different, okay take for example, other banks don't charge their customers when ever they withdraw in their bank with the use of ATM. but as an intercontinental bank

account holder, u have to part with #50 on every withdrawal, and u can't withdraw more #20,000 at a go, so if u want to withdraw let's say #50,000. u definitely have to part with #150. from my own point of view, i think we r being extorted. the should do something before they start loosing their customer to other banks.

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I saw on cnn that nigerian financial market banks are bumming while eu and usa financial markets are in crisis. I gotta bring back all my looted cash in uk and usa banks to nigeria.

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Are there no Bankers in the house to give their intelligential views on this topic ?

Are Nigeria banks only exit as conduct pipe for laundry government into foreign countries ?

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Banks, I think, are in recovery period- trying to gather much grounds before they think of improving customer relations.

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Do you want to visit him this night hehe

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i believe 9ja banks are very healthy cuz they can now withstand MEGA SHOCK.

NOTE: An healthy body can behave funny within 24hrs

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Nigerian banks are growing in strength every day while the so called giant banks of the world in US and UK, etc are on the brink of bankruptcy due to credit crunch and economic recession, yet Nigerians are criticising our banks. It appears Nairaland is fast becoming a forum for criticising our banks. It has to be checked.

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I'd like to know more about Lamido Sanusi. The much I know about him is related to some articles he wrote opposing sharia law. But I know very little about his management credential or risk control experience. Can any one with relevant info pls share?

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Doubts persits in Nigerian Banks?!!

This is no small talk,

it sends Jitters down the spine

of investors like me!

Whats the way forward?

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@amaikama

very good point there

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Point of correction poster!!! how healthy is the economy of the country in which the banks operate on and the state of governance?

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Answering the question: Are Nigerian Banks as shiny as they look? The answer is NO!

Nigerian banks depend a lot on image: flashy offices, cars and suits. They try to give an aura of more solidity than they actually have. But what do they rely on for their income? They rely on short term loans, government bonds and similar things. They are still too dependent on Government money and soft loans. They are not transparent. Every year just before releasing their final accounts they go about begging people to deposit money in their bank if only for a month. Their statements are generally overstated.

All that said, they are working with more professionalism and I think money deposited with most of them is reasonably safe . But they are not as solid as they seem to be. They are wasting (imho) too many resources on their image.

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the Nigeria stock exchange is not different from the other federal government institution, the structure is riddle with fraud.

though people are making lots of money from the market, if you are ready to play the nigeria system, you can have a slice of the cake. there are some very good companies worht investing

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that was actually taken from the economist web site. www.economist.com

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all that glitter is not gold

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I meant this website http://www.economist.com/world/mideast-africa/displaystory.cfm?story_id=11975488

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I had been thinking about this given what's happening around big global markets, but I think that Nigerian market maybe decoupled from western and asian markets. Hope this thread does not die. Anyway on Nland, good topics dont see light of the day.

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