This last December 2020, I travelled with my family to spend the Christmas with my Mum as I usually do. It’s always a special experience for me and a time to bond with my siblings and take a break essentially from the hustle and bustle of Lagos, especially the traffic…but sadly Ibadan is wearing that traffic cap of Lagos now.
Sunday 8th August, 9:30am.
Where should I start my appreciation? Really I don’t know where. But what I know is, I have been overwhelmed with love and warmth since Saturday as I marked my 40th. Family, friends, colleagues, well-wishers… you are all simply amazing.
Even though I would have loved to have a get together with friends … I must not fail to commend, celebrate and appreciate my wife for the beautiful cake and the party mood she put the whole house too. I celebrate you, love you and treasure you greatly. This journey won’t have been possible without you. And to Adeoluwa and Oluwatamilore… you made the day bam in your own unique children ways. Continue reading
It was the 1995/96 academic session. I was filled with dread as the countdown began after finishing the final papers for the promotional exams in my alma mata, Mayflower School Ikenne. There were various postulations as to what the cut off mark would be with mathematics and English been the key criteria for promotion.
Legitimacy to Govern.
Every four years, we have individuals present themselves to us as candidates for a political office. Political parties field candidates and present them to the populace as qualified candidates to run a political office. But the question is what legitimate right do they have to govern the population within their domain or territory?
Federation, Confederation or What?
In the Northern region, we had the groundnut pyramids that was the hallmark of trade there with several developments and growth occurring in that region, symbolized by several institutions and in the Eastern region we had palm oil and coal, used to advance the region in terms of development and growth and symbolized by the Nnamdi Azikwe University and several institutions there. We essentially ran a federating system that ensured equity in the allocation and distribution of resources that led to equitable development of Nigeria, until the Military stepped in and introduced a Unitary system and the whole thing went south. Right now, we purportedly are running a federal system in a democratic setting, but what we run is a quasi-unitary-federal system with the states going bowl in hand to the center, Abuja to beg for allocations and the instrument of state, Continue reading
“The country was at one time very prosperous, and powerful, but there is probably no other country on this earth more torn and wasted by internal dissensions, tribal jealousies, and fratricidal feuds, a state of things which unhappily continues up to the present time.”
Dr. O Johnson, History of the Yorubas, Published 1921
This is the sad reality of our nation this day. Even though, the above quote was directed at the Yorubas as at then, it in no small measure fits into the modern reality of our beloved Nation Nigeria.
It is not far-fetched nor hearsay that our nation is on the brink of a second civil war with imminent breakup going by the various agitations all around the country and deep-seated mistrust to other ethnic groups and nationalities and amongst ethnic configuration as well.
“This is not a surprise at all this is a coup!” That was the exclamation of my Mum last Saturday, 27th March 2021. And I have a good feeling about it…want to know what transpired? Follow me.
Select Performance Indices of the Nigerian Capital Market (Continued)
2. Total Equity Listed
Every corporation that wants to trade in the Nigerian Capital Market, must be listed and their data and numbers reported accurately and timely as much as possible. And this process often requires an intermediary to validate and verify all equity transactions to be listed.
If all the equities to be listed are on a smart contract in a decentralized ledger system, numbers, data and information would be readily available at the speed of light. This would drive efficiency and effectiveness in the Nigerian Capital Market and boost Continue reading
Blockchain Based Capital Market Ecosystem
“Storing and agreeing datasets of financial obligations and ownership forms the basic core of capital markets operations. The current methods are overly complex, utilize fragmented IT and data architectures and suffer from a lack of common standards. This creates the continual need to reconcile data with massive systems and process duplication, leading to high costs and protracted time to execute tasks. Could blockchain be the structural change the market needs?” (Oliver Wyman and Euroclear, February 2016).
The Nigerian Capital Market has different operational departments and activities that interact with each other and plays a role in the Capital Market ecosystem. Not only that, the vision, “To be Africa’s modern efficient, and internationally competitive Continue reading