kettykin:


Most prominent businesses running in Lagos are neck deep in debts, when the debts become unpayable, the companies become insolvent and collapse or sell off , when this happens to a good number of companies and businesses, there will be a bandwagon effect leading to the widespread collapse and deindustrialization of Lagos.

The government should declare a real state of emergency on the economy.
Mtn alone is owing more than N1trillion.


Wait till you hear first quarter business reports for 2024.


The money for the coastal highway should be used to bailout companies, what will they highway carry when companies are in distress and neck deep in debts

BOSSkesh:
It will bounce back
Calm down

kettykin:
Most of the multinational companies aside banks and oil companies operating in Nigeria made mouth gaping losses .
I foresaw all this sometime last year and made a thread that Lagos was gone and I was called names .

Lagos eateries are barely making any progress

newoffer:


Alot is going on. Most outlets are winding up due to low patronage.

WantsandMore:
These are also legal tactics for tax avoidance.

Dosoq:
Loss my FOOT!

After increasing the prices of all their products, most especially the bournvita chocolate tea, a carton of the small sachet of bournvita chocolate tea was #23500 as at February(as at the last time I bought it),I'm sure it's not less than #24k+ as we speak ,let alone other products.

They have doubled the price of all their goods,so they should stop crying for loss.

Faiththatworks:
I believe this headline about companies making losses are misleading.
These companies are making massive revenues with marginal increases in expenditure,but when it's time to declare dividend,they bring up this loss abracadabra.
This loss they are basically declaring is from their exposure to foreign debts, these companies secured foreign loans in the cause of doing their business,but now that it's time to repay, the exchange rate has now ballooned.
These companies should be more open on where their losses are coming from and stop this facade that the Nigerian Economy is in massive depression,their losses is not because the Economy is bleeding,but because of their exposure to foreign loans.
God bless Nigeria.....

kettykin:


Average plate of food with a bottle of coke cost N2300 last year, you can barely get the same for N3500, if you want to eat very well budget N5000.

Only 1% of Nigerians can afford it, many eateries can barely use their diesel generator and air-condition once there is power outage

kettykin:
Most of the multinational companies aside banks and oil companies operating in Nigeria made mouth gaping losses .
I foresaw all this sometime last year and made a thread that Lagos was gone and I was called names .

Lagos eateries are barely making any progress

SmartPolician:
Tinubu is about to totally destroy this country.

All major companies are reporting huge losses while others are exiting the country.

These trends are quite unfortunate and disturbing.

Fearyourcreator:

5k for Wetin ... Where I dey chop offada every morning if I spend 1500 there my stomach go wan burst ... Iyabeji olofada... Na una Sabi where una dey chop una food ooo

kettykin:

Go to the average eatery in Island or mainland

davidsthe:



hope you realize all these issues you raised here now are not responsible for the loss Cadbury is claiming. as a matter of fact all there indicators (gross margin, revenue, cost of sales etc) YoY look good...

you said you did a thread someone asked to see the thread you did and here you are... deflecting. why?

Sirianese:


Na one of the wretched werey you be

I bet you've never sat down to eat inside a fast-food joint in your miserable life...that's why you know no other reality than the one that makes you worship your oppressors

newoffer:


Alot is going on. Most outlets are winding up due to low patronage.

Faiththatworks:
I believe this headline about companies making losses are misleading.
These companies are making massive revenues with marginal increases in expenditure,but when it's time to declare dividend,they bring up this loss abracadabra.
This loss they are basically declaring is from their exposure to foreign debts, these companies secured foreign loans in the cause of doing their business,but now that it's time to repay, the exchange rate has now ballooned.
These companies should be more open on where their losses are coming from and stop this facade that the Nigerian Economy is in massive depression,their losses is not because the Economy is bleeding,but because of their exposure to foreign loans.
God bless Nigeria.....

Dosoq:
Loss my FOOT!

After increasing the prices of all their products, most especially the bournvita chocolate tea, a carton of the small sachet of bournvita chocolate tea was #23500 as at February(as at the last time I bought it),I'm sure it's not less than #24k+ as we speak ,let alone other products.

They have doubled the price of all their goods,so they should stop crying for loss.

Fearyourcreator:

Lolz... You still dey form ... Oga go buy food stuff dey cook na... Carrry food flask go work ... Step down with gala for afternoon, then chop your cooked food for night .. dey claim woke dey chop your future ooo... You go cry tire ... Na eatery be the standard again .. eyin elete .. no go find buka chop ... Olofo

Sunofgod:
The news sweet me like chocolate...

Ikaeniyan0:
List out the names and locations of this "most outlets winding up"

YUSUPH1986:

I think I can now conclude that all these multinationals are publishing fake figures to evade paying tax or for agenda best known by them.
The prices of all their SKUs were increased on the basis of the current economic realities then how come they are recording losses. Something is not adding up..Are they giving out their products free of charge? The last time I checked the increase in exchange rate jacked up price of virtually everything, the question now Is that how is 2 + 2 ceased to be 4..
A lot of questions need to be asked . Haha!

Sirianese:


You don't know how to move forward in life fool

Your movement is forever in backward direction, oloorun. Dey there dey chop ofada wey dem don wash tohtoh inside and you keep wondering why your life is stagnant

Didinrin

banku:
Thanks!

They think all of us are stupid as the Obiots they are entertaining.

How for gosh's sake does a company that get all their raw materials in Nigeria and sell finished products made in Nigeria worldwide report a loss?

Nothing but creative accounting. They are are looking towards Central Bank for money laundering, otherwise threaten job loss.




Do you guys think with your fish brain?

nedu666:



Damn your education is seriously limited. Who told you Cadbury gets all their raw materials from Nigeria. Also if you take a foreign loan @ 400 naira a dollar and the naira rate is now 1300 @ dollar, how is that paper loss or creative accounting. Common sense should tell you it will cost more to pay back the loans. If it is paper loss, then banks reporting massive profits on the back of revaluation of their foreign investment will be termed paper profit. But cbn knows it’s not paper profit that is why it said banks should not pay dividend from such profit. A bank that buys dollar bonds at 400 naira a dollar, when the bond matures @ 1300 a dollar, is that a real profit or paper profit

Dosoq:
Loss my FOOT!

After increasing the prices of all their products, most especially the bournvita chocolate tea, a carton of the small sachet of bournvita chocolate tea was #23500 as at February(as at the last time I bought it),I'm sure it's not less than #24k+ as we speak ,let alone other products.

They have doubled the price of all their goods,so they should stop crying for loss.

kettykin:


If only you know how seriously sales are going in view of the high cost of things. I drove around during the holidays and I wept for Nigeria

clefstone:
Where is Reno Omokri(Omokri means local male goat that smells, also called Busuru in Hausa)

Confirm4real:
They will soon runaway from Nigeria to a neighboring Country





I fear who no fear APC...

YUSUPH1986:

I think I can now conclude that all these multinationals are publishing fake figures to evade paying tax or for agenda best known by them.
The prices of all their SKUs were increased on the basis of the current economic realities then how come they are recording losses. Something is not adding up..Are they giving out their products free of charge? The last time I checked the increase in exchange rate jacked up price of virtually everything, the question now Is that how is 2 + 2 ceased to be 4..
A lot of questions need to be asked . Haha!