Leadership is crucial to achieving sustainable economic growth as it involves putting in place structures that enable growth and progressive development. Elections are a referendum on the president and his economic legacy and are therefore a key determinant of a country’s social, political, and economic performance. A country’s pace of development relies heavily on the…
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Weak banks are a worldwide phenomenon. The COVID-19 pandemic has contributed to weakening credit conditions and certain asset valuations in the financial system. More often than not, excessive risk exposures, excessive leverage, lack of profitability, liquidity concerns, poor asset quality, capital erosion, and reputation problems stem from weaknesses in corporate governance, erroneous risk-reward compensation policies,…
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With crude oil still trading at over $100/bbl, there is no gainsaying that the Nigerian government is clearly in a lavish mood. This probably explains why the government reneged on its commitment to put a stop to PMS subsidy and is poised to raise ₦4trn to fund petrol subsidies in 2022. Policy moves like this…
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Oil prices are on a tear, along with everything else in this inflationary period. Players in the global oil market are spooked by supply-related constraints, and their continued panic has seen oil prices climb by no less than 20% YTD. While Western oil companies are drilling fewer wells post-pandemic – partly due to pressure from…
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Most technology-based products are founded on the idea of addressing pain points through solutions infused with ease, speed, and simplicity. Generally, ideas with these three features disrupt an industry legacy business model. When credit providers carved their niche in the fintech space, they capitalized on these principles – providing loans to virtually anyone, anywhere, and…
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When the cryptocurrency craze hit the world, currency regulators – Central Banks around the world – feared that their worst fears had been actualized. A currency they had no control over had been created, giving people an alternative to fiat currencies. As cryptocurrencies gained increasing popularity in countries around the world, especially populous ones like…
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Is Africa experiencing a coup culture resurgence? No less than 220 coups – attempted and successful – had been perpetrated in Africa since the 1950s, exceeding records from any other continent in the world. It is estimated that three of every four coups in the world take place in Africa, and the situation is even…
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If recent indicators are anything to go by, Nigeria’s economy is in shambles. The Naira is trading at over N500/$ at the open market, inflation in double-digits, unemployment at a record high, uninspiring debt levels, and deteriorating welfare indicators. The past few years have been such a downhill ride. But you should expect little from…
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A financial revolution is underway. Tesla cars can now be purchased with bitcoin and prominent investment managers are including cryptocurrencies into their portfolios. In another landmark moment in cryptocurrencies making history, the biggest US cryptocurrency exchange– Coinbase (COIN)- went live with its direct listing on Nasdaq. You can say Coinbase took the revolution to the…
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As the media evidence of the murder of a young man got into public space, nation-wide protests erupted, clamouring for the end to police brutality especially by a section of the police force, known as the Special Anti-Robbery Squad (SARS). The protests became stronger by the day, as online movements metamorphosed into physical demonstrations, blockage…
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