The elderly head of the farmstead stood at the eaves of thatch and watched the drama of nature as it unfolded. The outcome or endgame remained a mystery, coded. On a good day Mother Nature would scream like a lark and roar like a lion but draw the curtain with a whimper like a dog […]
Cashless Economy 5: Currency change on slippery slope
human group? Chris Eyininaya, I presume him to be a lawyer, Fellow of the Chartered Institute of Bankers of Nigeria says by way of a trending post, the Central Bank of Nigeria (CBN) should be seen as being above the law and banking practice should take preeminence over the laws which regulate banking in Nigeria. […]
CASHLESS ECONOMY 3: BETWEEN INDIA AND NIGERIA
Has it been all bad news in India following the ‘demonetization’ policy which had cashless economy as a goal? A verdict of no can be returned for two reasons. First, independent payment platforms such as PayTM and GooglePay among several others came on board to make small and bigger transactions easier than what banks offered. […]
CASHLESS ECONOMY 2: LESSONS FROM INDIA.
Would it have been possible to reduce or eliminate the pain of the 2023 currency change in Nigeria with benefit of related experience? American philosopher Professor George Santayana left words on marble which I have quoted often: those who forget the lessons of history are bound to repeat it. Align this with the old […]
CASHLESS ECONOMY
Can any society in the 21st century engage in exchange of goods and services without the intermediation of cash? The answer appears to be in the negative except if the economists’ concept akin to full employment plays a part in the discussion. Full employment means a situation in which 5% or lower proportion of citizens […]
NOTHING NEW UNDER THE SUN: Irrevocable Laws and Acts
The king promulgated the decree and his signet went on it as final, unalterable authority. Anyone who worshipped any power other than King Darius had to end in the den of lions. The king had no idea the princes targeted his best lieutenant, Prophet Daniel. By the time he found Daniel had to face the […]
NOTHING NEW UNDER THE SUN
The Head of the State of Israel, King Solomon David made a famous statement in Ecclesiastes chapter 1 verses 9-10, “That which has been is what will be. That which is done is what will be done. And there is nothing new under the sun. Is there anything of which it may be said, ‘See […]
Pathway to Aso Rock Villa in 2023
Among the front runners who jostle for the exalted seat in Aso Rock Villa from May 2023 who has the highest chance to clinch it? In the United States (US) the vibrant press would have discussed in minute detail what they describe as the pathway to the White House. Nigeria practices the American brand of […]
The Approach-Avoidance Conflict in Ageing
Everything being equal while the average Japanese child born today can expect to live till 84 years plus an average Nigerian child who has overcome the six fatal childhood diseases should hope to live to age 55. Green tea plays a part in its presence or absence in the two cases but issues such as […]
Between real and illusory sympathy Sympathizers are everywhere, as a matter of fact, two for a kobo once the victim expects nothing beyond the verbal or at best a visit. When Naira or physical gifts become issues for consideration the situation changes. How many of us have suffered the indignity of ignored calls or appeal […]