Mutilated Currency Division or Why US Dollars Tend to Always Be Cleaner and Fresher than Naira

Every year, twenty three thousand cases get sent into the Mutilated Currency Division (MCD) of the US Treasury. The problem is usually very simple, someone has some physical cash that is damaged in some way. It could be either fire, water, chemicals, insects, animals, petrification from burying or whatever else. As long as the money […]

The Nigerian Bond Market: How Progress Happens (Or Doesn’t) – DoubleEph

Below is a transcript of a thread shared on twitter by Feyi Fawehinmi about the Nigerian bond market and how a country develops or fails to, or even reverses course. I think it contains many lessons for us and I decided to share them here. I’ll repost his tweets with minimal edits/comments. Thread reads: I […]

10 Important Changes the Nigerian Senate Made to How Business Is Done In Nigeria

Last week Tuesday, the Nigerian Senate quietly repealed and replaced the Companies and Allied Matters Act of 1990 with a more improved 2018 version. In case you don’t know, this is the law that governs business and company formation, operations and regulations in Nigeria and these changes were long overdue. We were way behind the […]

What Kanye’s Meltdown Tells Us About Ourselves and Our Society

1. Everyone likes to complain about ‘society’ but everyone forgets that we are society. Us. You and me and everyone else. There’s no organization known as society with set meeting dates and plans and agendas to carry out. It’s individuals and their beliefs expressed one by one that makes up society. Stay with me. 2. […]

How Globalization, Feminism and Capitalism Contribute to Income Inequality

Inequality has been the political problem du jour for a hot minute now. Apparently the growth in wealth in the top earning capital class has been soaring to stratospheric levels while middle class incomes have stayed flat or trended down. And just like any problem, what has been thrown its way has been either platitudes […]