tag:blogger.com,1999:blog-13216932.post7068688193568878397..comments2023-10-23T18:16:19.612+01:00Comments on Omoluwabi Okebadan: It is the Economy, Stupid!Onibudohttp://www.blogger.com/profile/03984318585047572787noreply@blogger.comBlogger4125tag:blogger.com,1999:blog-13216932.post-73040026138448258312008-02-07T21:05:00.000+00:002008-02-07T21:05:00.000+00:00I hear you.I did read you carefully, maybe I could...I hear you.<BR/>I did read you carefully, maybe I could have been a little more careful so as to fully understand what you are saying.<BR/><BR/>the reason I raised the issue of First Bank's Subsidiary, was to throw into the mix the diversification being employed.<BR/>A decade ago, all we did was sell oil, sell knowledge and put the money in foreign banks.<BR/><BR/>This shows a little forward thinking... no?.<BR/><BR/>On the subject of the #'asians' and when they entered the market, well.. all the younger asians I know where given part of their deposits by their parents, which in a way makes stuff even worse for them, because they placed higher deposits in order to get the property and many bid outrageously at auctions, knowing that they had their own peeps for building work.<BR/>I know many but I still can;t give you a scientific breakdown of the numbers.<BR/><BR/>I appreciate your attempt to further breakdown your logic for me.<BR/>Nice one Onibudo.<BR/>One day, we'll work together. <BR/>One day soon.soulhttps://www.blogger.com/profile/06035447940907993185noreply@blogger.comtag:blogger.com,1999:blog-13216932.post-66210522030772571492008-02-04T15:19:00.000+00:002008-02-04T15:19:00.000+00:00Soul, it is almost inevitable that sweeping statem...Soul, it is almost inevitable that sweeping statements are used to make broad points but I take your perspective on a couple of points because the unique positions are significant. I thank you for highlighting First Bank but they are not in fact one of the culprits here. in fact I fail to see how advertising in broad markets like CNN et al exposes them to the niche market that is Nigerian Diaspora and also wonder what is the return on investment on this. however I agree with your broader point that there is a market that should be encouraged. However you miss my key point which is that the domicile economy of Nigeria which is at the cusp of growth should be more aggressively served. <BR/><BR/>On the subprime mortgage stuff I suppose my point is about the relative % . the numbers of Asians vis the % in the subprime and when they entered it versus Nigerians. However what is most important is the general points . Your points are very well made and add to my perspective on the issue. thanksOnibudohttps://www.blogger.com/profile/03984318585047572787noreply@blogger.comtag:blogger.com,1999:blog-13216932.post-46970120796877585402008-02-01T17:30:00.000+00:002008-02-01T17:30:00.000+00:00hmmm..I think you have a few sweeping statements h...hmmm..<BR/>I think you have a few sweeping statements here Omoluwabi.<BR/><BR/>I'd repesctfully diagree with this one:<BR/>"The sup-prime mortgage debacle will affect Nigerians abroad than most groups because they went into the buy to let property market far more that most nationalities"<BR/><BR/>There are far more Asian super lanlords than there are Nigerians in the buy to let scheme, and they have been milking it for yonks before we got in there to get our slice of the pie.<BR/><BR/>Personally, I'm hoping the market crashes. the prices are over inflated and don't really offer much value for money. I see a correction looming on the market and it's about time.<BR/><BR/>You mentioned Nigerian banks advertising and I even though this is a lsight tangent, I wondered if you have ever heard of First save..<BR/><BR/>http://www.firstsave.co.uk/<BR/><BR/>which at present is offering the highest interest rate to savers in the UK on instant access Internet Only accounts.<BR/><BR/>What's the big deal? and why mention it? i hear you ask...<BR/>Well firstsave is the UK subsidiary of (yeah, you guessed right) The first Bank of Nigeria.<BR/>so isn't this nigeria taking the bulls by the horns and venturing into foreign markets to get a piece of the pie?<BR/>Isn't this diversification? Something different from 'the old' routine?<BR/><BR/>oh and something else ironic, the bank offering the second highest rate is ICICI (An Indian contingency) <BR/>Seems the world is tilting on it's axis slightly.... no?soulhttps://www.blogger.com/profile/06035447940907993185noreply@blogger.comtag:blogger.com,1999:blog-13216932.post-57523756370782012372008-01-28T14:17:00.000+00:002008-01-28T14:17:00.000+00:00Omoluwabi agba!I read your blog all the time...Wis...Omoluwabi agba!<BR/><BR/>I read your blog all the time...Wish you could update more often, but I guess that your universe is as crowded as ever... please keep disrupting our complacent zones of thought, and offering that alter/native perspective thats the 'other' of our usual modes of thinking. You Rock! Oke'badan a gbe wa o!!<BR/><BR/>Ire o!<BR/><BR/>The other Omoluabi (aspiring)Anonymoushttps://www.blogger.com/profile/07156249719397206231noreply@blogger.com