Jun 23, 2015 - Uncategorized    No Comments


One the most sincere truth I heard last year is that the 24 hours in day that is available to all of us is enough to do whatever we want to. To validate that statement, think of the reason successful people achieve all that they achieve within the same time frame that is available to all.

A highly creative or successful person is never too busy. All the creative people that I know and respect are doing more things in a day than most people do in a week or probably a month. In fact, you will never hear say I’m too busy. Most of the time, the people who form I’m too busy are not actually busy all. They are just filling their time with activities (non-productive) to hide insecurities. Go check them out, their result will speak.

In this digital age, their too many stuff that is hustling for our attention. Some of us receive more than 100 mails in just one day, all the social media that catches our interest are enough of distractions but it depends on how we manage this, we are provided with more time than we could ever imagine. I personally think it is our perspective of productivity and orientation of driving results that come to play here.

forming busy

With the emergence of the digital age, there a lot of tools that are available to get things done faster and gain extra free time to get more done. Before google, you have to drive may be 20 miles or more to a library to get information or just to look up a fact. But nowadays, you can do that within seconds by just holding down a button on your phone. The extra time we gain from this should be filled with other things, but you still find people complaining that there aren’t enough hours in a day and there days filled to the brim. I don’t think we should never actually be too busy.

Yes, we usually have our peak period with so much activity sometimes but it can’t be all the time. Even at this period, we find ourselves doing some mundane work that we don’t want to be doing per se and which can be automated to save more time. If the work you are doing makes you feel busy, then the work you are doing doesn’t truly matter to you. Work worth doing isn’t busy work.

So even if you have you have your to-do list very full, and you are feeling too busy, take a break to assess your current situation. If you are honest with yourself, you will need to make some changes. The work that will fill your time would be the ones that bring new opportunities and fulfilment without necessarily becoming overwhelmed with busyness.

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Jun 20, 2015 - Uncategorized    No Comments


This digital age has changed the priorities and roles of nowadays finance executives. Before now, the major role of a CFO is overseeing accounting practices. Though most CFO are still concern about finding new sources of revenue and reducing costs, a fresh desire of exploring new opportunities for growth is emerging. The role of today’s finance executives and CFO is becoming broader and it’s definitely require more technological advancement in tune with most area of development.

The shifting role of the CFO isn’t just channelled towards the technology circle though, the emergence of big data and analytics has created a huge pool of resources that is not previously available which business leaders can make more informed decisions and also have obvious impact on the business.

the digital CFO

As a professional in finance, you need to create an instant access to the insights necessary to assist other business managers make sound business decisions which is capable of driving corporate performance. The tools you need to do this must be able to churn the big data numbers, process massive quantities of information, access, query and visualise the data and share it to the necessary users. In addition, irrespective of the industry, these tools should be intuitive, scalable, and easily integrated into the finance executive’s daily work. Tools that enable revenue growth by evaluating and responding to market opportunities real-time and also have instant access to visual data on any platform.

Excel has been the traditional tool of choice for most day-to-day projects and it is becoming more powerful by its ability to take millions of rows of data and convert it into touch-enabled, interactive visual data that can be embedded in Power-Point. And it can also be integrated with many popular business intelligence tools with the ability to anticipate business needs, staying ahead of costly incidents like unexpected maintenance and business downtime for customers. It is changing the way that finance professionals do their job while driving the transition from controllership to stewardship.

In addition to collecting and analysing the massive amounts of corporate and customer data available, another trend among finance executives is to embrace cloud technologies to create a single, integrated view into the organization. In today’s on-the-go world, employees must be able to take action on ideas and opportunities from anywhere and connect socially with customers, partners, and vendors to anticipate and respond to their needs. The rise of digital technology affects every executive in today’s modern enterprise, but perhaps no role is impacted more profoundly than that of finance.

With the continuing evolution of the role of finance professionals, many financial leaders are now tasked with balancing the traditional job requirements of accurate and timely financial reporting with new necessities, including setting the strategic technology direction of the company, discovering insights in a deluge of data, and driving corporate performance through the use of technology.

By implementing key technologies in the areas of business intelligence, cloud, mobile, social, and productivity, the role of today’s finance professional evolves from balance sheet manager to strategic leader. Finance executives today are in an unprecedented position to help their companies achieve their goals for profitability, growth, and productivity by using technology as a business priority, both strategically and tactically.

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May 18, 2015 - Uncategorized    No Comments


From Archive…..

You must have seen it in the news earlier this week the announcement of the tremendous increase (almost doubled) in the Nigeria’s Gross Domestic Product (GDP) by the National Bureau of Statistics. Even though economist and analyst have disagreed in this new figure, it is long due on the basis of which NBS calculated it. The announcement will also have some practical implication on the Nigeria economy whether, the figure is window dressed as believed by some citizen or not. One of the implications includes the psychological impact on foreign investor. But this is not my focus in this post today; I will look at the implication in details in my next post or the one after my next.


Today’s post will be focused on the practical meaning of Gross Domestic product (GDP) as the most important macroeconomic indicator and why it is so important in a non-technical language. My   aim of doing this is for you to understand what this figure usually reported in percentage really mean before you make comments or form an opinion on the announcement by NBS.

GDP is what I can also describe as National Output referring to the total amount of goods and services a country produces in monetary terms (Naira value). This figure is like a snapshot of the economy at a certain point in time. It (GDP) is one of the primary macroeconomics indicators to measure the health and wealth of the country’s economy – you may also say is the size of the economy. GDP is usually expressed as a comparison to the previous period such as quarter or year. For example NBS announced a rise in GDP from $270bn to $510bn which represents 89% increase; this means the economy has grown by 89% over the years.

Measuring GDP is complicated (which is why we leave it to the economists), but from a lay man’s perspective, the calculation can be done in one of two ways: either by adding up what everyone earned in a year (income approach), or by adding up what everyone spent (expenditure method). Logically, both measures should arrive at roughly the same total. Since it is assumed that what you earn is what you spent apart from savings.

When referring to GDP, macroeconomists tend to use real GDP, which takes inflation into account, as opposed to nominal GDP, which reflects only changes in prices. The nominal GDP figure will be higher if inflation goes up, so it is not necessarily indicative of higher level of output only by higher prices of goods and services. So I am only referring to real GDP in this post.

The one demerit of the GDP is that because the information has to be collected after a specified time period has finished, a figure for the GDP today would have to be an estimate. Once a series of figures is collected over a period of time, they can be compared over periods. Of course; these figures can be compared across economies as well. Hence, we can determine which foreign countries are economically strong or weak.

Based on past figures, analysts and investors can then begin to forecast the future state of the economy which can also be use for the basis of business and investment decisions. It is important to remember that what determines human behaviour and ultimately the economy can never be forecasted accurately.

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