Role of debt in Nigeria

Debt has earned a bad reputation in recent times. Private debt spiralled out of control in the 2000s and fuelled the 2008 financial crisis. Public debt continues to cause jitters. What is often overlooked is the vital role that debt plays in global and domestic economies. In Nigeria, private debt comes with various challenges. Few […]

Why ‘cashless societies’ don’t benefit the poor

India recently tried to reduce the use of cash in its economy by eliminating, overnight, two of its most widely used bills in what was called demonetization. While the effort – initially explained as an attempt to curb “black money” – has been a failure in many respects, it was part of an ongoing and […]

Tony Elumelu: Demystifying African business myths

I was delighted to speak on the VIP panel alongside my big brother, Mo Ibrahim, at the ‘Promoting Business Growth in Africa Forum’ in London organised by Société Générale in partnership with The Telegraph. Though the story line on Africa has progressed – it is no longer about “saving” Africa, but how best to promote […]

Goldman commodity analysts ask: How did we get it so wrong?

Goldman Sachs

Goldman Sachs Group Inc. analysts might not be the only ones to have incorrectly called commodity prices this year, but they are at least trying to figure out how they misjudged the market. Commodities have tumbled 9 percent since their 2017 peak in mid-February, and Goldman acknowledges that some factors weren’t predictable, including rising oil […]

How Apple’s iPhone changed the world: 10 years in 10 charts

Apple’s first iPhone was released 10 years ago this week — on June 29, 2007. While it wasn’t the first smartphone, it leapfrogged far beyond the competition and launched the mobile revolution. Few industries or societies have been left unchanged. Here are 10 charts that show some of the profound effects the iPhone-led — and […]

Four key questions for the Fourth Industrial Revolution

Rapid change and rampant inequality are testing the resilience of economies and societies. It is in our hands to ensure that the potentially disruptive shifts of the Fourth Industrial Revolution not only herald a change of guard in the highest echelons of the global economy, but also rebalance opportunities and outcomes across geographic, generational and […]

We are all used to an 8-hour work day, but is it effective?

The 8-hour workday is an outdated and ineffective approach to work. If you want to be as productive as possible, you need to let go of this relic and find a new approach. The 8-hour workday was created during the industrial revolution as an effort to cut down on the number of hours of manual […]

The salvation of Barclays comes back to haunt it

During the depths of the financial crisis, Barclays Plc raised 12 billion pounds ($15 billion), about half from Qatar, to avoid a collapse like Lehman Brothers or a bailout like Royal Bank of Scotland. It retained its independence, but a succession of investigations into misbehavior dating to those years has since bedeviled five chief executive officers. Now […]