Oluyomi Ola-David Insights

Whoever says newcomers are not welcome is certainly a cruel old-timer. The newcomers in the Nigerian finance market are certainly shaking complacent old-timers awake from their slumbering on status quo couches. We call these newcomers in finance,  fintechs. They tend to leverage modern technologies to provide seamless and bespoke financial services. In economies where financial sector growth had been abysmal and informal sector prevalent, the stream of new entrants in finance is refreshing breeze.  Most fintechs are not usually burdened with the costs of running a network of physical bank branches like counterpart old-timers, and their employees may as well work remotely. Whoever says driving primarily for profit is critical for new business is certainly not a newcomer seeking first to achieve a clientele benchmark. In order to woo clients, fintech offer advantages that many traditional bank models cannot afford. Fintech account subscription promotion strategies include bonuses for sav

A well-known medieval proverb alludes that blood is thicker than water. This saying is usually taken to mean that family relationships and loyalties are the strongest and most important ones.  Even though inhumane cultures and unwholesome media impressions have done a lot to desecrate strong family values in modern times, this proverb retains potent practicalities. A vivid illustration can be seen in the trend of capital flows to developing countries.  For many capital-poor economies, international capital injections, in forms of official development assistance (ODA), foreign direct investment (FDI), portfolio debt and equity flows, and remittances, are critical oils in the wheels of national development. In recognition of this, many low- and middle-income country governments, in their characteristic top-bottom approach, embark on intensive investment promotion campaigns as well as structural reforms to court the benevolence of aid donors. While such efforts may have yielded staggering

It may take a multitude  To create a mess But it may just take one person To clean it up It may take a crowd To engineer a problem But it may just take one person To solve it all It may take a multitude  To inflict a wound But it may just take one person To bind it up It may take many To pervert justice But it may just take one person To execute right judgement It may take a multitude  To cause chaotic disorder But it may just take one person To restore the calm It may take a bandwagon To propagate falsity But it may just take one person To dare for truth It may take a multitude  To cause confusion  But it may just take one person To give direction It may take a public  To spoil the broth But it may just take one person To balance the mix It may take a multitude  To tear up a garment But it may just take one person To mend the patch It may take a host  To fuel a conflict But it may just take one person To resolve it  It may take a multitude  To sow discord   But it may just take one pe

Louder than thunder Stronger than wind Bigger than mountains Is a gentle smile Thicker than skin Tougher than leather Greater than night Is a daily smile Higher than Everest Freer than space Lighter than air Is a lovely smile  Deeper than oceans Broader than journeys Longer than earth Is a knowing smile Faster than light Swifter than eagles Brighter than sunshine  Is a ready smile Prettier than lace Weightier than reward Clearer than sky Is a broad smile Softer than lather Smoother than oil Cooler than ice Is a warm smile Closer than brother Larger than life Tastier than honey Is a friendly smile Purer than gold Pricier than diamond Lovelier than silver Is a holy smile Photo credit:  Rootwell

In a recent development economics class, we observed trends in and prospects for urbanisation. As I laugh out loud on the push factors  for rural-urban migration in many developing countries, the story of the 'Three Billy Goats Gruff' fit my puzzle. In the beautiful story, a related set of billy goats could see a meadow green across a bridge, sumptuous to their thirsty minds and hungry bellies. The grass would likely be more nutritious than the brown and tasteless pasture fields they were presently sentenced to, so they thought. However, in order to get near the new and wonderful pasture, they would have to pass through a bridge manned by a wicked old troll, who lived to gobble up ambitious passerbys. The billy goats took turns at an attempt to cross the bridge, starting with the littlest goat. Against the odds posed by the wicked and greedy old troll, who laid in wait underneath the bridge, the first two goats argued their way to the other side. Finally, the biggest billy g

It may bling And even glitter But it may not be The gold you need It may beam And even shine But it may not be The light you seek It may sparkle And even dazzle But it may not be The diamond you need It may satisfy And even intoxicate But it may not be  The wine you seek It may educate And even motivate But it may not be  The truth you need It may shower And even drench But it may not be The rain you seek It may work And even win But it may not be The tool you need It may soothe And even heal But it may not be  The medicine you seek It may excite And even scintillate But it may not be The fun you need It may run And even fly But it may not be The vehicle you seek It may fit And even prop But it may not be The cloak you need  It may buy And even sell But it may not be The currency you seek It may cook And even bake But it may not be The oven you need It may speak And even silence But it may not be  The answer you seek It may mean And even seem But it may not be The seal you need It may

As diverse as households characteristics are, so are their monthly requirements. More often than not, set budget items may determine what gets included on regular shopping lists. Moreover, purchasing models adopted by households may depend on the nature of goods - from groceries to durable household equipments - within consideration. Members of middle-income and upper income classes tend to have greater outlays required to make bulk purchases, thereby escaping vagaries of price fluctuations for fast-moving consumer goods.  On the lower rung of the income ladder, members of a low-income class, who may be daily wage earners tend to opt for buy-as-you-go purchasing options. Sadly, many low-income households bear the brunt of rising food prices and commodity price shocks. The amount of time available for regular market visits, may also affect a household's purchasing model. Time-poor householders, who may choose to allocate limited time to other high-value or income-generating activiti

It is never enough Says the desolate womb I have enough Says the fruitful one It is never enough Says the ticking clock I have enough Says the retiring one It is never enough Says the roving eyes I have enough Says the visionary one It is never enough Says the youthful pride I have enough Says the humble one It is never enough Says the brown purse I have enough Says the green one It is never enough Says the thirsty mind I have enough Says the occupied one It is never enough Says the arrogant lead I have enough Says the unassuming one It is never enough Says the contentious rain I have enough Says the springing one It is never enough Says the teary gland I have enough Says the dry one It is never enough Says the sleepy dream I have enough Says the woken one It is never enough Says the shallow pond I have enough  Says the oceanic one It is never enough Says the ambitious branch I have enough Says the abiding one It is never enough  Says the foolish heart I have enough Says the inspired o