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Author Archives dejiolowe

A bunch of banana ate a monkey

Is proof of funds a fraud?

The proof of funds loans has allowed over 100,000 Nigerians to travel abroad for schools or immigration without having the funds demanded by the embassies. This is a fraud but even then, what are the implications for Nigerians?

Posted 18 November 2022 § Career § Nigeria ‡ Comments (0) ° Tagged: , , , , , , ,

Hiring is as hard as investing in startups. Maybe harder

Finding the next Facebook, Paystack, or TeamApt as an angel investor is pretty hard. I’m not the first, nor will I be the last to reiterate what you probably already know; most startup investments fail! In fact, 90% are duds and maybe only 2 out of 100 investments would be rockstars.  Sadly, hiring, especially for […]

Posted 05 October 2022 § Piscalux ‡ Comments (0) °

Being poor doesn’t make you a bad borrower

There is a general belief among top bankers and armchair experts that the poor don’t pay back their loans, and therefore there isn’t any basis to even let them have access to credit. The arguments are many, and having fought with unmatched vim in many of these arguments, and I wonder how I have escaped […]

Posted 19 May 2022 § Piscalux ‡ Comments (1) °

It’s destructive for lenders to punish good borrowers

Loans in Nigerians are quite expensive and it’s due in one part to the high-default rate but also  because of what I would describe as  lenders destroying their chances of developing a good business. You’re probably wondering why I would say this, so if you would be so kind as to allow me do you […]

Posted 01 April 2022 § Piscalux ‡ Comments (0) °

The devalued Naira is a blessing for Nigerians

If I said to you that a devalued Naira is a blessing, you’d probably turn towards me yelling “your fada” with as much venom as a village cobra. But if you think about it deeply and understand a few things, this tough pill might be a lot easier to swallow.  Since time immemorial, Nigerians have […]

Posted 14 March 2022 § Piscalux ‡ Comments (2) °