News
Lead Without Title (2)
Late ‘Generals’ and ‘Generals’ that lost stars:
Some big organizations that used to be ‘commander-in-chief’’ of their respective industry segment are no more today because they chose to lead with titles. One of such is Polaroid. Polaroid used to be a four –star General and Commander-in-Chief of photography business. But when digital technology for photography came out, ‘General Polaroid’, ( as king of photography with several past laurels as number 1 in this and that) felt it was a fluke, so it failed to embrace it and stayed with its traditional instant image photography technology. Of course, General Polaroid died in the 1990s and was buried in 2001. Similarly, Xerox lost to Sharp photocopier machine when it abandoned the lower-end of the market for high-end market segment. In a jiffy, sharp pulled the rug off the feet of General Xerox. Happily enough, General Xerox has learnt its lessons. General Daewoo, on the other hand, did not have a second chance- it collapsed and died instantly.
Some four-star Generals lost one or two stars to competition. Sonny of Japan used to be a four-star General in electronics and gaming. But it lost to Samsung and Ninentedos. Microsoft lost to Goggle in World Wide Web search engine technology by embracing it two years late. Dell computers eroded IBM market in personal computers in the 1990s because General IBM led with its title as the first and biggest personal computers maker in the world. Sonny, IBM and Microsoft lost grounds to competition in critical segment of the markets because they reasoned and executed as ‘’titled chiefs’’ or Generals, at a time they should not have led with title.
Meanwhile, we have some companies which have imbibed the culture of leading without title like: Nokia, Easy jet, Google, Linux, Red Bull, and Apple among others. These companies remain restless insurgents in words and actions without relying on titles.
In the paragraphs that follow we shall itemize five building blocks which organizations need to put in place to win in the market place without parading their titles:
Building block 1: Groom the ‘Joshuas’’ well ahead of time: not a few corporate analysts were surprised recently when the CEOs of Merrill and Citigroup were laid off and it was embarrassingly discovered that there were no successors on the wings to take over immediately. This is a mistake which most organizations keep making repeatedly. According to research carried out by James Collins and Jerry Porras: ‘of the 18 successful companies studied, only four times – in a combined years of 1700 years! – did one of them go outside the firm for a CEO’. It is only when companies consciously identify and groom the future leaders ahead of time will they escape the temptation of always wanting to lead with title.
Building block 2: Model Insurgent Leadership: to win in the present dog-eat- dog market place of the 21st century, organization needs to focus on delivering the win, the whole win and nothing but the win by erecting an idiot-proof strategy that delivers the win. Globalization cannot be shut out, it can only be beaten says Tony Blair. Many CEOs in Europe and America and Nigeria are having sleepless nights because of the Chinese insurgence marketing strategy. Companies that will be around for the next two decades are the ones which model the insurgent leadership and create a more results-focused aggressive spirit among its employees.
Building block 3: Choose your destiny by defining the future. Winning companies are the ones who can see the road ahead, successfully articulate it and come up with products that customers will require at the right price and quality before competition.
Building block 4: Remain Paranoid. Companies that get scared and remain scared play to win and don’t play to lose, and ride ahead of today’s waves of change will always be two steps ahead of competition.
Building block 5: Culture is king. Cult-like companies bow down to their ideologies and bounce back faster when they are faced with challenges in the macro economic milieu; unlike companies without strong in-built culture. One of the most sustainable competitive advantages for CEOs is the development of what I call ‘’ownership culture’ as opposed to ‘we’ vs. ‘they’ culture that obtains in most companies today between the management and board on one hand, and the employees on the other hand.
In conclusion, what leading without title teaches the CEOs and employees is that they must beware of success. As Robin Sharman succinctly put it: ‘The more successful you and your organization become, the more humble and devoted to your customers you need to be.’
Akano, CEO of New Horizons, is an IT specialist and one of the World’s top coaches in sixth sense corporate strategy
News
Access Holdings Sets New Benchmark in Nigeria’s Finance Talent Pipeline

New data from CFA Society Nigeria is reshaping how the country’s financial sector thinks about talent development, with Access emerging as the single largest source of CFA candidates in Nigeria, distinction industry watchers say signals a deeper shift in how leading institutions are building investment expertise from within.

In its Where Nigeria’s Finance Professionals Work series, published in a national daily, CFA Society Nigeria placed Access first among employers of CFA candidates nationwide, with 82 candidates enrolled in the programme, more than double the 38 recorded at the next-placed institution and well ahead of every other bank or financial services firm on the list.
Access also ranked second among employers of CFA charterholders, with 11 professionals who have completed all three levels of the Programme and met its experience and ethics requirements.
For an industry that has long measured itself by balance sheet size and branch count, the rankings point to a different kind of competition: one over who is building the deepest bench of certified, globally credentialed talent.
CFA Society Nigeria compiled the data from its Salesforce Membership Database as at June 2026, and described the exercise as a way of recognising employers whose people “bring rigour, integrity and global best practices into the workplace every day.”
Analysts following the sector say the outcome is notable less for the ranking itself than for what it suggests about talent strategy across Africa’s financial services industry. A single institution developing more aspiring charterholders than the rest of the market combined raises the floor for professional standards nationally, not just within one balance sheet.
Every candidate who advances through the CFA Programme adds to a shared pool of ethics-trained, analytically rigorous professionals that Nigeria’s capital markets, pension funds and asset managers all eventually draw from.
Access Holdings Group Chief Executive Officer Innocent C. Ike, commenting on the rankings, framed the achievement in terms of institution-building rather than recruitment: “Every candidate on that list represents our commitment to building institutions and professionals that endure.”
The remark echoes a broader thesis increasingly voiced by market observers, that talent depth, not scale alone, is what will determine which African financial institutions earn lasting global credibility.
That distinction sits at the centre of Access’s stated ambition to become the World’s Most Respected African Financial Services Group. If the CFA numbers are any indication, the Group’s route to that goal runs less through square metres of branch network and more through the calibre of the people sitting inside it, a bet that Nigeria’s finance professionals, and the institutions that will one day hire them, are already placing alongside Access.
News
NCAA to Introduce RFID Technology to Tackle Missing Luggages

Nigeria Civil Aviation Authority (NCAA) has announced plans to introduce Radio Frequency Identification (RFID) baggage tracking technology across domestic and international airport terminals to tackle the growing problem of delayed, misrouted and missing luggages

Michael Achimugu, director, Public Affairs and Consumer Protection, NCAA, disclosed this at a stakeholder engagement forum in Lagos.
Achimugu said the RFID-enabled system would replace the traditional barcode-based baggage tracking framework and provide airlines and passengers with real-time visibility of checked luggage from check-in to final collection.
According to him, the technology would improve baggage traceability, reduce mishandling and strengthen accountability across the baggage-handling chain.
Unlike conventional barcode systems, RFID technology allows baggage to be automatically scanned at multiple points without requiring direct line of sight, enabling real-time tracking of luggage throughout its journey.
Achimugu said issues involving short-landed, missing, lost or damaged baggage had remained among the major complaints from air travellers, alongside flight delays.
He said the introduction of RFID technology was therefore aimed at improving baggage-handling standards and restoring passenger confidence in the aviation sector.
The NCAA said the initiative also aligns with IATA Resolution 753, which requires airlines to track baggage at key points during the passenger journey.
The authority expects the technology to provide more accurate information on the location of luggage, facilitate quicker resolution of baggage-related complaints and improve the overall passenger experience.
The NCAA said the initiative would also strengthen accountability among airlines and other stakeholders involved in baggage handling at Nigerian airports.
News
Firm Urges MSMEs to Increase Digital Payments Adoption for Growth

eTranzact International Plc has called for increased adoption of digital payment solutions among micro, small and medium enterprises (MSMEs), saying access to technology is critical to improving business efficiency, financial inclusion and growth.

The company also said it was deepening its partnership with the Small and Medium Enterprises Development Agency of Nigeria (SMEDAN) to expand digital access and financial literacy among small businesses across the country.
In a statement, the Divisional Head, Merchant Services, eTranzact, Mrs. Abimbola Reis, stated this at the SMEDAN/eTranzact Town Hall Engagement in Lagos recently, themed, “Financial Literacy and Inclusion for MSMEs Leveraging on Fintech Innovation.”
Reis described MSMEs as the backbone of Nigeria’s economy, noting that the sector comprises almost 40 million businesses and contributes significantly to economic growth and job creation.
However, she said many businesses continue to face challenges including limited access to finance, inefficient payment systems, weak financial reporting, cash-flow constraints and inadequate access to digital platforms.
She added that trust concerns also affect businesses’ ability to access finance, while heavy reliance on cash increases exposure to theft and makes payment reconciliation more difficult.
Representing the Director-General of SMEDAN, Prof. Yinka Fisher said the town hall was aimed at generating practical ideas and solutions that would support the growth and expansion of MSMEs.
“The essence of this engagement is to share ideas and concepts that will help MSMEs thrive and expand. Our partnership with eTranzact is about expanding the frontiers of MSMEs and ensuring they continue to grow,” he said.
Also speaking, representative of the Director-General of the Nigerian Association of Chambers of Commerce, Industry, Mines and Agriculture (NACCIMA), Dr. Praise Adedigba said businesses could no longer depend solely on hard work to remain competitive.
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