On Money

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Nigerians and Risk

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Nigerians can risk their lives. Nigerians can take risk with their lives but not with their money. If the way Nigerians risk their lives they are willing to risk their money, probably we'll have smart investors, people that can translate and teach success factors. Today I experienced something that reinforces that belief. This weekend, I was planning to attend a burial of my neighbour's dad. The burial was to take place in Ile-Oluji and we have arranged for a bus to convey all the street neighbours to go there. We took off as usual and some telling signs surfaces immediately. The bus refused to start, it took some spanking of the battery before the bus was ignited. We got to Ile-Oluji safely and met the church service. From the church service we went to reception. The reception was still on when we decided to take our leave. Actually it was about to rain and the driver was apprehensive. He wanted us to take our leave. We couldn't read much to it because we had be...
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Bitcoin Might Bottom to $5,000 Before Springing All the Way to $50,000

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Back in July, when Bitcoin was trading around $7,500 and the price was climbing, Arthur Hayes, co-founder and CEO of cryptocurrency exchange BitMEX, predicted Bitcoin could continue to drop. He marked $5,000 as a possible bottom, before a big market rally could propel Bitcoin to an astonishing new all-time high of $50,000 by the end of the year. While Bitcoin and the cryptocurrency market as a whole is searching for widespread adoption and critical developments tackling security flaws and solving scalability issues, Hayes made his assessment based on market behavior. In a July interview with CNBC, he explained why he believes the summer months and a financial world of globe-trotting vacationers is at play. His expectation: the markets will heat up in Q3 and Q4. Hayes is a former equity derivatives trader and market-maker for Deutsche Bank and Citibank’s Exchange Traded Funds (ETF). He co-founded Hong Kong-based BitMEX in 2014. The exchange is now valued at $3.6 billion on a ...
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When the game is rigged: The Helping Hand

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Part 4. It's July 1998, and we have reached the business end of the World Cup in France. France square it against current defending champion Brazil. Everyone knew what dangers posed by the Samba boys. It's not a fluke this nation has 4 winners medal to their name. And besides they had the deadliest attacker in the game, Ronaldo De Lima. In a charged arena, finally the whistle went for kick off. The French were on the attack from start to finish and they won their first trophy. Two goals from Zinedan Zidane and a third from Emmanuel Petit secured victory. Now why am I telling you this story? What's all this have to do with succeeding in business and life. Yes, hard working France won, big deal! They won their second trophy last year, what's the point? Yes, France won that trophy but its not that victory which is so important. It's the news that later emerged about how they won. In 2018 former UEFA president, Michel Platini, revealed how they ...
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