Good People, our Tekedia Mini-MBA Live begins in 15 minutes. Our Faculty will continue our tradition where besides helping you to manage company wealth and assets, you also master how to manage your own. As you know, most schools forget that second element. Yes, you become an expert on corporate finance but you have no capabilities on personal finance and wealth management.
Thur, April 1 | 11am – 12noon WAT | Personal Finance & Wealth Management – Japheth Jev
Go to the Board for the Zoom link
By 2030, 80% of richest Nigerians would have made money from technology. We will also see a shift of wealth concentrated in the age bracket of 35-55 years. Nigeria is having its finest cambrian moment on the formation of companies. The last time we were this bold, on entrepreneurial capitalism, was in the early 1990s when some of Nigeria’s current leading banks were established.
The 1990s gave us the new generation banks. The 2000s brought voice telephony. The 2010s ushered mobile internet. The 2020s would deliver the era of application utility across industry sectors and market territories.
Natively-inspired homegrown physical security business model will become one of the fastest growing sectors from Q1 2022 – and that will remain for the decade. Today, very few are looking at that nexus. But if you check carefully, it is a latent opportunity which has to be unlocked. But it must be done differently, in a scalable form, from what we have in the market now. Yes, Nigeria’s security paralysis is now a huge friction – and a business opportunity.
From education to healthcare, from financial services to logistics, and beyond, new domains will emerge! India’s edtech Byju’s has a valuation of $13 billion. Nigeria will experience such as alternative schools begin to dislocate public ones. Get ready for the promises.
Ed-tech leader Byju’s has raised Rs 3,328 crore (about $460 million) as part of its ongoing Series F round, led by MC Global Edtech Investment Holdings LP and participation from Facebook co-founder Eduardo Saverin’s B Capital, among other investors. The investment values the Bengaluru-based company at a little over $13 billion, regulatory filings showed
Remember him? He was the former minister in Nigeria who called Covid-19 vaccine “evil”. He boldly noted that Bill Gates was planning to use Nigerians as “Guinea pigs” through the vaccines. He had written: “WHO are set to begin Covid19 vaccine trials in our country. EVIL! Not only have our people been turned into Guinea pigs to test Gates’ killer vaccine but our leaders are also passing a law which will make the use of that evil vaccine compulsory. What a mess! I weep for Nigeria.”
But what an irony? Nigeria has about 210 million people but someone he is among the 600k lucky Nigerians to have gotten the “evil” vaccine after his assault on science and technology. Hope he would be decent enough to send Buhari a Thank You card for not listening to his nonsense.
Fellow citizens, do not allow any politician to deceive you. I saw a Republican state senator who opposed the jab here in line to help his mother get one. Why he criticizes it on TV, and yet works to help his mother to get one is all POLITICS! Unfortunately, many get trapped.
Femi Fani-Kayode is a fellow citizen. He has served his nation. But next time, he needs to show class on what he tweets because some may go astray reading him! We can disagree in Nigeria but certain things should be off politics!
Access Bank Nigeria has commercial centers in Gambia, Sierra Leone, Rwanda and Democratic Republic of Congo. It recently added South Africa (Grobank), Kenya (Transnational Bank ) and Zambia (Cavmont Bank) via acquisitions. Within 8 months, the bank added those three banks. I am a fan of Access Bank CEO, Herbert Wigwe, but when you look at what is happening, you will notice one thing: most Nigerian banks did not see the future a long time ago. Largely, only UBA saw the future and went all the way to create it. Today, UBA operates in at least 20 African countries, outpacing all its peers including GTBank, Zenith Bank, First Bank and of course Access.
With AfCFTA, the trade agreement on the horizon, winning Africa becomes the race, not just Nigeria. Magically, the decision of UBA becomes amazing. Access is working hard to be part of that big picture since a network of banking operations will help it compete against Standard Bank (South Africa) and Ecobank.
I hold Ecobank, UBA, First Bank, Sterling, Fidelity, Unity Bank, and Access – and indirectly Union Bank. (I used to have Zenith Mutual Fund but exited due to cost.) Provided they pay dividends, I don’t really care if the stocks are appreciating or not. The bank sent alerts on March 29 that I am yet to have time to check the dividend credits – they could be many (see photo). So, I am for these banks.
Looking at what is happening today, UBA might have been the best positioned bank of last decade in Nigeria, when you see how it inserted itself on Africa. So, going into the near future, while the FUGAZ (First, UBA, GTB, Access and Zenith) will continue to do well in Nigeria, the African exposure gives UBA an edge.
NB: Please see this as part of education, not recommending stocks or de-marketing any bank. If you buy with 15% of your salary these dividend paying banks, within a decade, you would earn more than extra free 3-5 years! They are consistent.