By now, most of us have heard that J.P. Morgan removed Nigeria from it’s popular Emerging Markets Bond index, after months of warnings. In typical fashion, the Nigerian press has gone into victim mode, calling the bank insensitive to the “problems of the common man” and crying out against the ‘financial blackmail‘. To quote ThisDay, “JP […]
Month: September 2015
Why Communism Is A Stupid Idea
The appeal of communism is fantasy. I, like everyone else, wish that everyone’s needs would be met and society wouldn’t stratify men and women into socio-economic classes, some to forever live better than the others. If there was any evidence that communism worked, I’d be at the front of the line, demanding and fighting for […]
The Top 5 Reasons To Believe in Nigeria’s Luxury Opportunity
In this post I started talking about some of the important brands in the Nigerian luxury space and the need to get more information on them. A few of the responses I got seemed to imply that local Nigeria brands aren’t well placed to play in this space. Which I think is flat out wrong. Rather […]
On Nigerian Agriculture, Finance and the Land Use Act
Nigeria is a strange place, full of strange people who do strange things. And one of the strangest things of all has to do with the process by which land in Nigeria is owned, titled or exchanged. I wonder if most of us knew that the lands under your feet, by legal right, belong to […]
The 9/11 Attacks & The American Financial System
This post was supposed to go up days ago, on the memorial of the September 11th attacks. In responding to this crisis, don’t think of yourself just as a representative of our Bank but as central bankers of our nation.-Jerry Jordan, President of Federal Reserve Bank of Cleveland. The 9/11 attacks were directed, not just […]
Investment Updates: Betting On Crude
My recent posts have not been particularly focused on my investing activities, partly because they’ve been fewer and mostly focused on very boring stuff like monthly purchase plans that I don’t have to pay much attention to because they’re set up once and then continue to execute in the background. However, I’ll give some updates to […]
Understanding Nigeria’s Luxury Market
Recent trends in Nigeria have shown an increase in our luxury business segments especially around fashion, art and craft. Since this is an important sector is for any fully developed economy due to the way it helps drive value added manufacturing, keeps the high margin spending within a country’s borders, as well as its contribution […]
