Reporting Business and Economy: A Handbook for Analysts and Journalists

New & Upcoming Book

Author: Vincent Nwanma (2011)

Published by: Nevsin, Lagos

ISBN: 978-978-900-051-7

Nwanma’s Reporting Business and Economy is a kind of DIY of economic reporting. A text that the general reader can understand; but it also empowers any journalist to communicate business and economic content competently. -Emevwo Biakolo

This book simplifies business and financial reporting, stripping the subject of its cultish aura. – Azubuike Ishiekwene

Nothing beats the writer who writes from experience. Nwanma has deftly brought his experience as an economist and business correspondent in Nigeria, Ghana, and the United States to bear so loudly on this book. – Herbert Batta

Reporting Business and Economy, is unlike any other book on the subject; it is one of the few written from the point of view of the Nigerian business environment, and written by a practising professional still active in the daily business of reporting news. – Richard O. Ikiebe

Reporting Business and Economy: A Handbook for Analysts and Journalists provides a guide to journalists and other professionals reporting business and economic issues in Africa. The continuing search for answers to man’s quest for improved efficiency in the allocation of resources is what business and the economy are all about. Telling the stories behind these activities in the most compelling form, is the challenge facing the journalist. This landmark book will help analysts and communicators respond appropriately to this unique task.

VINCENT NWANMA has practised economics and business journalism for over two decades. He graduated in economics from the University of Nigeria Nsukka, and later studied journalism at Columbia University, New York, as a World Bank Scholar.

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Strategic Marketing of Financial Services in Nigeria

Strategic Marketing of Financial Services in Nigeria

New & Upcoming Book

Author: Chris Ogbechie (2011)

Published by: Feathers and Ink, Ibadan, Nigeria

ISBN (Limp):    978-978-50046-0-1
ISBN (Cased):   978-978-50046-1-8

If I were a student, lecturer or practitioner of financial services I would definitely buy Strategic Marketing of Financial Services in Nigeria and read it through. If I owned a bank, I will make this book a compulsory read for all my employees. Although I am neither of these, I have enjoyed reading the book, and I am giving notice to the few banks that I have shares in to watch out for me in their AGMs. I could be there asking very difficult questions. The answers to my questions will definitely be in this book. – Ekwunife Okoli

Strategic Marketing of Financial Services in Nigeria was motivated by a concern to help improve the effectiveness of the marketing practice, especially in the financial sector. The Nigerian business environment is undoubtly increasing in its complexity, and competition has sharpened in virtually every sector and industry. Power has shifted from producers towards the consumers. Today’s consumers are more articulate and more informed about what they want to purchase than ever before. Producers/service providers have not only to satisfy their requirements, they also have to be sensitive to them. Effective marketing especially in the conservative area of banking involves providing a coherent and well-thought out strategy as well as tactical flexibility and clarity for a complete all round company performance – the triple bottom-line.

Chris Ogbechie has a first class honours degree in mechanical engineering from Manchester University and an MBA from Manchester Business School. He has wide experience in marketing and strategy derived from his work as Head of Marketing/Sales at Nestle Nigeria, Xerox and from his consulting work with Nigerian firms over the years. While in Nestle he had wide international exposure in Malaysia, Singapore and Switzerland. He has been involved with several start-ups and he is on the board of several companies, private and public. He teaches strategy and corporate governance in Lagos Business School, Pan African University, Lekki, Lagos. He is currently doing his PhD work in corporate governance in Brunel University, UK. Ogbechie’s research interests are in strategic planning, corporate governance and board effectiveness. He has several publications in financial services marketing, strategic planning, corporate social responsibility and corporate governance. The author is currently working on another book: Re-engineering the Nigerian Society through Social Marketing.

Endless Chatter in Naija’s Political Space

Nwachukwu Egbunike

Naija’s political space seems to possess an infinite coefficient of expansion. Within a week ‘wars’ have been declared that trying to keep pace with them is almost impossible. However, I will only attempt to address three stories that have recently dominated the Naija’s political sphere.

Unceasing gripe

Nobody can belittle the political sway of Atiku Abubakar, former Vice President of Nigeria. Nonetheless, no Nigerian politician is yet to surpass his endless pilgrimage to the courts to adjudicate on power issues.

When Mr Atiku was adopted as the standard bearer for the ‘Northern’ PDP; many saw it as the demise of a political ambition. Clinging on clannish sentiments, his campaign lacked focus and only maintained the myth of a rotational contract. It was therefore not surprising that he lost the PDP presidential elections to Mr Jonathan.

The fighter has headed to the courts and petitioned INEC over the ‘irregularities’ of the PDP elections. But why can’t Nigerian politicians simply accept defeat? Mr Atiku has the right to protest, no one can begrudge him for doing so. But for how long, will he continue to do so? Just wondering, if this election had favoured him, would he petition INEC?

I don’t pretend to beatify Jonathan Goodluck but the truth remains that Atiku could not have won the election. He had nothing to offer, save the anointing of some obscure northern politicians. His campaign speech was bald and the bile of ‘rotational’ irrationalities did him no good. The filth of corruption enveloping him and his family did not help him either. His unceasing gripe with Mr Obasanjo and the party that granted him a waiver has become legendary. Besides, his flirting from PDP, to ACN and back to PDP is no good testimonial. Whatever happens, Mr Atiku has only reinforced the perceived picture of being a power fad.

Policing Naija

With less than four months to the 2011 general elections, the Nigerian Police (NP) has been granted a bonanza of N15 billion for the April polls. This is no fool’s day joke: the Inspector General of Police (IGP) says here that:

“It is on record that the Federal Government has given the Inspector General of Police more than N15 billion to purchase equipment for the training of man power, for the purchase of necessary logistic as well as for the allowances essentially for the men and women who will take part in the 2011 elections. So the men and women of this great service have no excuse what so ever.”

Who is the fool here, Nigerians or the police? It’s obvious that the NP is abysmally under-funded and unmotivated. True that the police needs much more than N15 billion to upgrade equipment and manpower, so that they can effectively match the firepower of armed robbers. But for so much money in so little a time, smacks of hypocrisy. How do they intend to effectively disburse N15 billion in less than four months? How on earth can anyone convince Nigerians that such huge chunk will do any miracle in so short a time? Why tarry so long for the FG to just realise that the NP needs money for the elections? So many questions, very few answers?

The days of selective information and pretence over our common good is gradually fading out. Nigerians are now more aware and also more interested in how our commonwealth is ‘shared’. It is clear that someone is being cheese-sparing with the truth: N15 billion to police elections; for what? Was the elections dates just discovered; or did the government realise that the police will need funds yesterday? Mr Jonathan had better be careful; he is gradually assuming the posture of I-chop, you-chop president.

To promote or to demote?

The Naija judiciary is making waves with the proposed elevation of the President of the Court of Appeal to the Supreme Court by the Chief Justice of Nigeria.  The bizarre scenario currently playing out at our highest court is pathetic.

Ordinarily, promotion is a desired good; many future this in their prayer agenda. However, here is a man who says that he does not want to be elevated into silence and besides insists that due process has not been followed.

While litigations have been flying around, the Nigeria Bar Association (NBA) has released a statement. The NBA “urged both parties to maintain the status quo while an ‘in-house’ resolution is brought to the controversy.”  This in-house resolution proposed by the lawyers’ association whiffs of PDP’s familiar diction of a family affair. Asides that, the association admonished journalists and bloggers to: “to exercise some measure of restraint in the reportage of this matter.” Haba! Did the media create the news? If the judiciary decides to defecate in their hallowed chambers, who dares suppress the stench arising thereof?  Na wah for lawyers.

Pharaoh It’s Time to Go!

Nwachukwu Egbunike

“Power is poison. It effects on presidents had been always tragic.” – Henry Adams

Muhammad Hosni Sayyid Mubarak has been the President of the Arabic Republic of Egypt for twenty-nine years. Mubarak wakes up one morning to the calls of some delinquent teenagers – obviously sponsored by the opposition – calling on him to go. That certainly cannot just happen; no (African) president can be kicked into submission by his subjects. It’s not just possible!

As the father of the nation, faced with an exaggerated ‘racket’ that has been hyped by the ‘imperialistic’ press, Pharaoh cannot just let go. It is certainly against his paternal instincts to leave his children exposed to the winds of uncertainty. The manipulation of those who have ‘hijacked’ the social media and transformed same into a political party is so glaring to Pharaoh. Those who think that rousing up the thickest crowd on earth would push Pharaoh from his imperial seat must be in a delusion.

Besides, what do these protesters know about governing a volatile Egypt? Are they not aware that you need a strong man to wade off terrorists who are waiting next door? Egypt is certainly not poor in contrast with Nigeria, or Zimbabwe. Do Egyptians prefer a benevolent dictator to a democratic puppet?

Those who dare sling mud on you are not reasonable. As a good father-president, you have promised not to seek another term, what else do they want? It seems the opposition are only interested in your downfall. Don’t bother hang on till your term expires the heavens will certainly not fall. They can rant and protest from now till eternity, but no one can bully Pharaoh!

Protestors' demand summed up in 1 word on banner Tahrir Sq: "Leave" Photo credit: lyse doucet