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A silent transformation in Odu’a targets new frontiers for investment
“To be the engine room for the economic development of the southwest,” reads the mandate of Odu’a Investment Company Limited, which is unarguably the only regional business interest in…
CBN’s decision to stop forex to BDCs changes dynamics
The decision by the Central Bank of Nigeria (CBN) to stop the sale of foreign exchange (Forex) to Bureau De Change (BDC) operators due to the reported abuses that have characterized their…
Ajo: Old ally retains traders’ trust over banks, Fintechs
It’s nearly noon on a Friday, and Faith (not real name) sits in front of her open shop at the Article section of the Trade Fair Complex, a popular market in Lagos, patiently waiting for…
The giant of Africa is failing
Nigeria is in big trouble. If a state’s first obligation to those it governs is to provide for their security and maintain a monopoly on the use of violence, then Nigeria has failed, even if…
Hamza Sule: The man who transformed Police pension to viability
When Hamza Sule (WuroBokki) during a BusinessDay interview, recalled the story of how the NPF Pensions Ltd started from very humble beginnings to its current heights in the PFA industry, he…
Netflix treats employees like adults, they get results, more Nigerian firms should
At Netflix, employees do not apply for, much less grovel for vacation, or seek approval for expenses. They even give their boss feedback in public. In many Nigerian firms, these would be…
Mideast petrol states ramp up oil-asset sales to raise billions
Time was when the Middle East’s petrostates recoiled from using their crown jewels to raise money from foreign investors.
Not any more.
In the space of a few weeks, Saudi Arabia, the…
Nigeria belongs to all of us
The above title is local parlance for the injunction, “ask not for whom the bell tolls; it tolls for thee”. This proverb has found expression in popular variants, including quotes…
SPACs: Coming to a stock exchange near you
Four Nigerian companies raised N27.41 billion through Commercial Papers (CP) in the first three months of 2021, thanks to the low-interest rate environment that paved the way for corporates…
Trust drives surge in use of automated platforms – The FirstBank experience
Since the Central Bank of Nigeria (CBN) introduced the cashless policy several years ago to, among others, encourage the Nigerian banking public to switch to alternative means or channels in…