Category Archives: Uncategorized

The Absence of Legal Infrastructure is the Bane of Consumer Lending

Adedeji Olowe, CEO of Trium Networks Limited Babatunde Makanjuola, Coronation Merchant Bank Limited   If you ask the average Nigerian about his/her understanding of infrastructure, you are likely to get a response that depicts something tangible, e.g., airports, railways, roads, etc. This is not wrong; however, it is not exhaustive. By definition, Infrastructure is the […]

The bold will always boss the smart around

Recently, I was enduring a never-ending stream of ranting from one of my mentees (why don’t I ever get paid for this?) about how he gives solid business propositions, but the founder and chief executive of his company doesn’t take his advice. But then when the so call CEO makes a mess, my mentee has […]

Credit bureaus are holding back digital lending in Nigeria

I was at a recent event organized for alternative lenders, mostly digital lenders serving individuals and SMEs. The engagements were eye-opening even though I was already conversant with most of the issues raised. Nevertheless, one of the nagging problems kept nagging me after I left that day. Everyone was complaining about how difficult it was […]

Why Nigerian banks will never lend you a dime

We all go broke at different times, and the natural thing would be to turn to our bankers. After all, we have been putting our meager savings in there for a while; and one good turn deserves another, right? Wrong! You are probably rolling your eyes now because we all know that Nigerian banks hardly […]

Online Banking without Offline Annoyance

The drumbeat for payments and all things digital has been beating loud and long (and annoying, almost like a banshee!). At face value, this seems to be one thing customers and banks can agree about. Banks don’t want customers in the branches anymore (because it cost more to serve them in-branch) and customers don’t even […]