NO NIGERIAN BANK IN TOP 50 SAFEST BANK IN THE WORLD

NO NIGERIAN BANK  IN TOP 50 SAFEST BANK IN THE WORLD

BY ABDULMUMINI ADEKU.

EGYPTIAN BANKING IS AS SOLID AS THIS PILLAR IN LU XOR,A VITAL SPOT OF ANCIENT EGYPTIAN CIVILIZATION.

There is no Nigerian banking firm among the top 50 banks in the world categorized as safe .

In a special report by The Global Finance Journal tracked by the News Office Desk of Paedia express Multimedia in Lagos,Nigeria,it was discovered that in the emerging market category ,there were lots of financial institutions from the Middle East who were even safer to bank with than any banking institution in Nigeria and even in Africa.

In the November,2015  edition of Global Finance journal,it was discovered that the believe that Egypt was about the cradle of human civilization  was not a myth after all as a bank from the from the land ,C.I.B. was now using the nation’s 5,000 years heritage for marketing.

It is now strongly believed that the art of banking in Egypt predates the famous pyramids of Egypt and actually started about the time just before the period of Jewish Prophet:Moshe /Moses/Moussa[p.b.u.h]

Egypt has been facing a foreign currency shortage that has caused letters of credit to be delayed and goods to pile up at its ports recently.

Egypt’s foreign currency reserves has halved to $16.4billion since 2011as imports greatly outpace exports.

The popular uprising in the nation in 2011 scared of foreign investors and tourists that are the nation’s major source of foreign currency.

Cairo has being pressuring donor bodies and global lenders to stay off  funding from a 6,000 mega watts dam being built by Ethiopia which will put pressure on the Nile River but it would appear that this has since being resolved.

Egypt’s major noticeable investments in Nigeria are the construction giants,Arab Contractors and Egypts Airlines.