Category Archives: Business

Is your bank there while you are on the move?

We are always on the move, not because we don’t have anything to do but that’s the reality of our lives in Lagos. We are usually busy, stuck in traffic and when our pretty backsides are stuck in traffic for hours, we end up loving our fondleslabs. So while in that horrendous traffic, we want to get […]

Apple Watch is Evolution in Real Time

Could this be the beginning of the end or end of the beginning? I’m not trying to sound dystopian but an evolution may start where normal watches would join dinosaurs in the archeological dig. Ok, what happened? Apple launched a $10,000 smart watch. You heard me right, 100 Benjamins for a digital watch! Not even […]

MTN Nigeria made $2,6B Profit in 2014 – Beat that!

MTN Group just released their 2014 results. For once I sincerely believe I’m sure I’m in the wrong business. First thing on Monday, I’m taking a flight to Abuja to get my own telecoms license. You think I’m wrong? How can those numbers be wrong? Ok, time to face realities. MTN Nigeria had a bumper […]

Branding: From TRADEMARK to LOVEMARK

Question: Can you possibly develop a relationship with a brand the same way you would be in an intimate relationship with a friend? As absurd as this might sound, it’s been proven time and again that the strength of a brand lies in its ability to connect with its customer not just on a rational […]

Cashless Nigeria by Force, by Fire!

I was recently reviewing a CBN report on Cashless Nigeria and it is scary to know that 65% of Cash in Circulation is outside the banking system. I guess everything the CBN can do to cajole those who have ecstasy at the sight of cash wouldn’t work. Time we did it differently. What will happen if […]

50,412,559 Nigerians on the Internet

The reality is, I’m not much better than the armchair consultants I ranted about. Some months ago I wrote that Nigeria doesn’t have more than 17M internet users. I did my calculation based on MTN’s year end result and extrapolated that for the whole industry. Please read paragraph 5 of page 50 of the MTN […]

Do we understand data?

Nobody can correlate anything around here – I mean Nigeria. For example we still can’t wrap our heads around the idea that 170 million Wazobians crammed into Nigeria is a joke. Someone pointed to the number of GSM lines but wait, can’t he see that everyone has at least 2 lines? Now that the networks […]

The Beginning of New Things

Something magical happened last week – the average man on the street didn’t even notice or cared but then it would probably have more influence on the fortune of this country than anything else that ever happened to us. Well, GEJ didn’t resign – that’s too obvious. BH didn’t declare cease fire – that probably […]

Blackberry’s Lunch Up for Grabs

About 3 years ago, I predicted that Blackberry would eat Nokia’s lunch. It wasn’t a prediction that required too much clairvoyance, it was apparent that Nokia was running down a slippery slope. Too bad, Blackberry ate not only the lunch but also the dinner. As far as Nigeria is concerned, Nokia is going through a […]

POS is a Screen-door on a Nigerian Submarine

Sometimes I find it humorous seeing banks wring their hands at the disastrous investments made in POS. As the CBN was hell-bent on dragging each off us across the generational divide of cash versus electronic payment, it found willing allies in banks. Don’t get me wrong, I’m all for electronic payments or commerce. It is […]