Busayo Akanro – Light does not shine in light

The Governor of the Central Bank of Nigeria, Prof. Charles Soludo, has said that Nigerians are not accepting coins again because the currency has lost both value and its purchasing power. Soludo stated this on Friday as the guest lecturer at a seminar organised by The Forum, a group of medical students at the University College Hospital, Ibadan. He noted that the development was not, however, peculiar to Nigeria stressing that most developing countries of the world were also facing similar challenges.

He explained that citizens of some advanced countries were accepting and spending their coins with pride because the value of their coins was higher. He said, “You can take a bus from one destination to another in London with a coin but I doubt whether you can do so in Nigeria with a N1 coin” (more…)

I just got back to my hotel apartment (which is quite exquisite I might add) from a meeting with my boss and some foreign business partners at a hotel of repute in Dubai. The meeting ended about 1am Dubai time. Ofcourse, the meeting went as planned and ended on a bright and promising note, even though the business deal wasn’t sealed yet in writing.

At some point during dinner, I was beginning to get impatient with our hosts and almost wanted to blurt out “Gentlemen, can we please see the papers and sign them so the deal is done?” but my better judgment kept me from goofing. Our hosts were having a nice time chatting and getting slightly tipsy. Note – myself and my boss where the only two Nigerians at the meeting. There were four other nationals present. (more…)

“for the earnest expectation of the creatures of men is waiting for the manifestation of the sons of God”

Why do people hate intentional creativity? Why must things be done in one particular way or another? Who makes the rules? Who sets the boundaries? Life itself imposes no limitations on us. After all, even though the law of gravity is fundamental, it can be broken through once one understands the principles of aerodynamics. Even then, the law of gravity doesn’t have as much relevance as it does on earth outside the earth.

Who says everything that goes up must come down? Someone who lives in space would give you a strong argument because what he knows is that you can throw something up and it will never come down in your life time. It would keep going on and on since the force of gravity is six times weaker there than on earth. So I guess that will help someone like me who has always wanted to be superman. You can be superman once you are on the moon. (more…)

“Now therefore give me this mountain, whereof the Lord spake in that day;………….if so be that the Lord will be with me, then I shall be able to drive them out, as the Lord said.

Hi guys, been a while. I’ve been locked up in my mind thinking about the abilities that God has locked up in human beings and the cap the human mind constantly limits places on the potentials buried deep within us.

Just last nite, I saw an in-flight movie that I consider one of my all time greats – The Matrix. I saw other recent movies there but chose to watch “The Matrix” again because I needed to remind myself of the potentials I still had untapped in me. As I write now I can see Morpheus telling Neo “It’s one thing to know the path, it’s another thing to walk the path.” Knowing we have buried potentials to be great, truly great doesn’t solve the whole equation. We must walk the path. (more…)

By Martin Oluba N., PhD, DBA

We typically trade our beliefs about the market and once we’ve made up our minds about those beliefs, we’re not likely to change them. And when we play the markets, we assume that we are considering all of the available information. Instead, our beliefs, through selective perception, may have eliminated the most useful information. -Van K. Tharp

Puzzles: Nigerian Stock Market and Information

In recent times the Nigerian capital market has been recording consistent strong growth and has joined the global league of top 10 markets with best returns to investors. Reasons for this include the massive funds availability following the recapitalization and consolidation of the banking sub-sector as well as increasing awareness of the high returns that the market has been offering to investors. The heightened market upsides, which is largely a consequence of banking sub-sector recapitalization-induced and liquidity-driven demand pressure provided some alternative to keeping money in commercial banks where the interest rates (returns) are usually much lower. Another view is that the bullish trend has been sustained largely by peer bandwagon effect and thus little consideration is given to fundamental issues in the market. To this latter group, the growth in the market is just a bubble that would simply bust at the appropriate time because the growth cannot be justified by fundamental values that should ordinarily affect the market. However current fundamental values need not be the only basic determinants of market performance as expectations of future performance, which in turn are based both on current and future expected fundamental indicators, is a much stronger factor. But the question has remained whether these fundamental value based expectations are valid and can be justified by the existence of these potential lead indicators. Sometimes, this relationship appears to be non-existent, especially in the Nigerian market, and thus gives credence to the notion that the Nigerian capital market is heavily insulated from the developments that should ordinarily affect its performance.

This is a huge puzzle and implies that the market is largely unpredictable based on the fundamental values beyond known financial performance, which in themselves alone do not alter the market significantly. Thus when a downward trend is generally expected, the prices go up and vice versa. (more…)

NORMAL STATEMENT: People who live in glass houses should not throw stones.
Chris Okotie : Individuals who make their abodes in vitreous edifices would be advised to refrain from catapulting perilous projectiles.

NORMAL STATEMENT : Twinkle, twinkle, little star
Chris Okotie : Scintillate, scintillate, asteroid minim.

NORMAL STATEMENT : All that glitters is not gold. ence are not truly auriferous.
Chris Okotie : All articles that coruscate with resplendence are not truly auriferous.


NORMAL STATEMENT : Beggars are not choosers….. (more…)