Wednesday

Most common traits of bad leaders....

Poor leadership in good times can be hidden, but poor leadership in bad times is a recipe for disaster. To find out why leaders fail, we scrutinized results from two studies: In one, we collected 360-degree feedback data on more than 450 Fortune 500 executives and then teased out the common characteristics of the 31 who were fired over the next three years.

In the second, we analyzed 360-degree feedback data from more than 11,000 leaders and identified the 10% who were considered least effective. We then compared the ineffective leaders with the fired leaders to come up with the 10 most common leadership shortcomings. Every bad leader had at least one, and most had several.

These sound like obvious flaws that any leader would try to fix. But the ineffective leaders we studied were often unaware that they exhibited these behaviors. In fact, those who were rated most negatively rated themselves substantially more positively. Leaders should take a very hard look at themselves and ask for candid feedback on performance in these specific areas. Their jobs may depend on it.


Source: Harvard Business Review

Thursday

Apple victorious in China iPad dispute

Apple can for now continue to sell the iPad tablet in Shanghai after a court ruling over naming rights was suspended on Thursday.

Chinese firm Proview had called for the courts to prevent Apple - who it accuses of infringing its trademark - from selling the device in the city.

A local court agreed to Apple's request to suspend the decision until a bigger case is heard later this month.

Apple insists it acquired worldwide rights for the iPad name in 2009.

Proview had requested that the court impose a provisional injunction to take the iPad off Shanghai's shelves - which would have included three of Apple's own stores.

Proview claims the rights to the iPad name in the Chinese market after registering it back in 2000 - years before Apple released its tablet computer.

The company is threatening to continue the battle in US courts.

Although Proview's Taiwanese affiliate registered the name "iPad" in a number of countries, including China, Apple subsequently bought the rights to the global trademark.

However, Proview claims that its Taiwanese subsidiary had no right to sell the rights to the name in China.

The tussle has seen Apple's device taken off the shelves in some parts of the country - while Proview has also sought to block the import and export of the product.

Apple had previously lost a similar case in the southern Chin city of Shenzhen, where Proview is based.
That decision will be appealed by Apple at Guangdong High Court on 29 February.

On Thursday, the Shanghai judge said a ruling on sales in the city will not be made until that other judgement has passed.

His decision follows heated exchanges between the firms' lawyers in court earlier in the week.
Apple lawyer Qu Miao dismissed Proview's "IPAD" device, saying: "They have no market, no sales, no customers. They have nothing."

He argued that the US company's device was of benefit to China, providing jobs and tax revenues.
Proview lawyer Xie Xianghui said this factor was irrelevant.

"Whether people will go hungry because you can't sell iPads in China is not the issue," he said.

"The court must rule according to the law. Do you absolutely have to sell the product? Can't you sell it using a different name?''

In a written statement, an Apple spokesman re-iterated the company's position on the dispute.

"We bought Proview's worldwide rights to the iPad trademark in 10 different countries several years ago," he said.

"Proview refuses to honour their agreement with Apple in China and a Hong Kong court has sided with Apple in this matter.

"Our case is still pending in mainland China."

Wednesday

Mid-week morning brew: Wall Street falls on disappointing retail data

The S & P 500 index retreated yesterday from near a seven-month high after weaker-than-expected January U.S. retail sales data curbed investors’ appetite for risky assets.
Leading the fall was the financial sector, with two of the top three biggest decliners on the Dow being Bank of America and JP Morgan Chase.
Citigroup downgraded Bank of America Corp to “neutral” from “buy,” saying earnings headwinds would continue at the company even as capital concerns subside. Bank of America shares were down 1.1 percent at $8.16 and JP Morgan shares fell 1.5 percent to $37.70.
The 0.4 percent rise in retail sales fell short of the 0.7 percent increase expected by economists polled by Reuters and reflected cutbacks in car purchases and online shopping.
“The data shows that consumers are still hanging in there, just not as strong as we expected,” said Scott Brown, chief economist at Raymond James at St. Petersburg in Florida.
“It shows that we are still battling some headwinds here, but the economy is definitely in a recovery mode.”
The disappointing data added to concerns stemming from Moody’s Investors Service downgrade on Monday of credit ratings on six euro-zone countries.
The Dow Jones industrial average was down 42.54 points, or 0.33 percent, at 12,831.50. The Standard & Poor’s 500 Index fell 6.30 points, or 0.47 percent, at 1,345.47. The Nasdaq Composite Index was down 12.93 points, or 0.44 percent, at 2,918.46.
On Monday, the S&P 500 rose near a seven-month high, up more than 25 percent from a low in early October. The benchmark index has encountered strong resistance in the 1,355 -1,360 area.
In other data, U.S. business inventories rose 0.4 percent in December, slightly lower than an estimated increase of 0.5 percent in December.
A third report showed import prices rose a touch more than expected in January as petroleum and food rebounded strongly, but underlying inflation pressure from imports remained muted.
Late Monday, Moody’s put Britain’s Aaa rating in jeopardy for the first time and warned it may cut France and Austria as well. Moody’s also downgraded six euro-zone nations, including Spain and Italy.
But data from Germany on Tuesday suggested that Europe’s bulwark economy is picking up pace again. The ZEW economic think tank’s monthly poll of economic sentiment jumped to 5.4 from minus 21.6 in January, well above the consensus forecast in a Reuters poll of analysts for a rise to minus 12.0.
Apple Inc plans to announce a fourth-generation (4G) version of its iPad in the first week of March, a Wall Street Journal report said, citing a person briefed on the matter. Apple shares rose slightly to $503.41 after hitting above the $500 mark for the first time on Monday.

Nigeria’s jobs website in Forbes top 10 Africa tech list

By Tope Templer Olaiya
NIGERIA’S number one jobs website, Jobberman.com has been ranked 8th among Africa’s top 20 tech start ups in the latest February 2012 edition of Forbes Africa, making the jobs board the only Nigerian company on the list, amongst other African Internet businesses.
Forbes, an influential global business magazine, assessed the organisations using the following criteria; relevance in helping to overcome Africa’s problems, especially in communications and skills shortage, online presence on social media, pan African presence and organisations less than a decade old.
This assessment places Jobberman as Africa’s number one stop-shop for recruitment and advisory services. Currently, Jobberman ranks as the 5th most visited Nigerian website according to alexa.com and receives 5,000 job applications per day – all achieved in less than two years since it was started by three undergraduates from Obafemi Awolowo University (OAU).

Sunday

Whitney Houston: The end of an affair....

Whitney Houston - RIP
By the Editor-in-Chief

She was blessed with something no one else ever had, save for a former arch-angel of Heaven; a beautiful voice that engendered a sense of reflective nostalgia.

She was so easy to listen to. But even far more endearing to millions across the globe, was the effortless ease, with which she reached those soaring heights of vocal nirvana. And she would smile as well, while in that rarefied zone.... as if to assure us all that it was really quite a thing of pleasure, for her to bring so much joy, into the lives of many.

Musical legend and multiple Grammy winner Whitney Houston passed away, way too soon. Her demons (or those bequeathed to her by ex husband Bobby Brown) finally got the best of her.

It was a tragic end to an infamous chapter in her glorious life, that many (including this writer) had hoped would be expunged.

Born into the regal glory of a distinguished musical family, Whitney's life was one that seemed scripted to not only go well, but end well.

Her mother, Cissy Houston was a gospel singer and Whitney began singing in the choir at an early age. It was there she was discovered.

With a unique voice and grace that embodied the best of her mother, her aunt, Dionne Warwick and her godmother, Aretha Franklin, Houston stormed onto the scene and made an impression that would shape generations of soul and pop female singers, still to come.

While some would sadly remember her struggles with drug addiction in her latter years, it is important that the totality of who she was and what she represented at her very best (both professionally and personally), is the focus of all and sundry, for years, decades and generations to come.

From her rendition of the Star Spangled Banner in 1991 to her numerous musical hits and inspirational movie roles, she truly was an American original; the likes of which we may never see again.

May her precious soul rest in perfect peace and my heartfelt condolences go out to her family, especially her young daughter, Bobbi Kristina.

Tuesday

Brazil sues Twitter over police speed-trap alerts

The Brazilian government has filed a lawsuit against Twitter, demanding that the firm remove accounts in the country that warn citizens of police speed traps and roadblocks.
The authorities are concerned the service is undermining its efforts to tackle drink-driving in the country.
The lawsuit also orders Twitter to pay 500,000 reals ($290,000) for each day that it does not comply with the request.
Twitter is not commenting on the case.
The lawsuit comes after Twitter announced in January that it could block messages that contravened local laws if requested by governments.
It said it would publish all censorship requests it received to the website Chilling Effects, but nothing relating to the case has been submitted yet.
The lawsuit was filed by the Attorney General of the Union (AGU), Luis Lucena Adams, to a federal court in the state of Goias. It claims accounts that provide information to road users violate both traffic and criminal laws.
Chief Prosecutor Celmo Ricardo Teixeira da Silva said: "The prosecution responded to a necessity to ensure the effectiveness of action on surveillance of the federal highway police."
There are several popular accounts that warn road users of incidents in Brazil, with one, @LeiSecaRJ, followed by more than 285,000 users.
Another, @RadarBlitzGO, which has almost 12,000 followers, has already ended its service in light of the filing.
"We are suspending the updates until justice has ruled," it said.

Monday

Jonathan appoints man once cited for Islamic fundamentalism as new IGP

Acting IGP Mohammed Abubakar
Controversy seems to be trailing the appointment of Mohammed Dikko Abubakar as Nigeria's new Inspector General of Police.

Abubakar's appointment has thrown up many posers instead of dousing fears over the nation's security as he had been in Plateau State crisis a year ago. The Justice Niki Tobi panel constituted in September 2001 by former Governor Joshua Dariye on the Jos crisis had recommended the retirement of Abubakar from the police force.

In a White Paper released in Jos, the panel suggested that Abubakar should be dismissed if he refused to retire.

The panel said: "Religious fanatics should not be posted to head state police commands. The commission recommends that for his ignoble role during the September 2001 crisis which resulted in the loss of lives, the former Commissioner of Police, Plateau State Command, Alhaji M.D. Abubakar, be advised to retire from the Nigeria Police Force and in the event of his refusal to do so, he should be dismissed from the service."

The Niki Tobi panel had reportedly indicted Abubakar, who is from Zamfara State, for alleged sponsorship of Islamist militant group when he was Commissioner of Police in Plateau State.

But a source said yesterday that the appointment of Abubakar as the Acting IGP was actually a testimony to his competent handling of the Jos crisis, his brilliance and respect for all parties in the Plateau crisis.

The Guardian gathered that a lot of consultations were made before the choice of Mohammed Dahiru Abubakar was made as the Police High Command boss.

It was unanimously agreed by the Federal Government that the person who should succeed Hafiz Ringim must be an operations man, therefore, the government combed the entire hierarchy of force and decided that Abubakar, who had distinguished himself in crises in various states should fit in into the office.

The Presidency was also said to have contacted veteran retired police officers like Mike Okiro, Parry Osayande and others who unanimously agreed on the choice of Abubakar. Also, traditional rulers including the Emir of Kano and the Oba of Lagos, a retired police officer himself  was said to have preferred Abubakar as IGP.

Until yesterday when he became the Acting Inspector General of Police, Abubakar was an Assistant Inspector General of Police.

President Goodluck Jonathan  who yesterday  approved the appointment of Abubakar as Acting IGP also relieved  six Deputy Inspectors General of Police of their jobs.

Presidential Spokesman, Reuben Abati, said in statement announcing the appointment of Abubakar that it "is a first step towards the comprehensive reorganisation and repositioning of the Nigeria Police Force to make it more effective and capable of meeting emerging internal security challenges."

Abubakar enlisted in the Nigeria Police Force on July 30, 1979. He was the AIG in charge of Zone 12 Headquarters in Bauchi, before his new appointment.


Source: Nigerian Guardian

Saturday

"Dr Death" faces South Africa charges


Face of a killer - Wouter Basin (AP File)
A South Africa court has rejected an application by "Dr Death" Wouter Basson for a discharge on four charges of unprofessional conduct.
Dr Basson is charged with producing illegal drugs in the apartheid era.
As head of the military's chemical and biological warfare division, he is accused of creating viruses that would only attack black people.
The Health Professions Council (HPC) has ruled that he does have a case to answer.
He could lose his medical licence.
The HPC granted Dr Basson a discharge on two of the charges and part of a third charge against him, but ruled that the hearing on four remaining charges should continue later this year.
HPC professional conduct committee chairman Jannie Hugo said it could not be said that there was no evidence on which a reasonable man could convict Dr Basson.
The man dubbed Dr Death escaped a criminal conviction in 2002, arguing that he had acted under orders of the South African Defence Force (SADF).
He is now a cardiologist in Cape Town.
But the HPC is investigating whether he should be struck off the doctor's roll for providing soldiers with cyanide capsules.
He is alleged to have provided security forces cyanide to help them commit suicide, "weaponising" thousands of 120mm mortar bombs with teargas, and providing drugs that would disorientate SADF prisoners
Dr Basson brought an application saying no evidence of wrongdoing had been brought against him.
"I closed this chapter 20 years ago," he told reporters outside the hearing at the HPC offices in Pretoria last year.
"All I want is to continue serving the country as a medical professional," he said at the time.
The hearing will continue on March 27.
Dr Basson's attorney Wynanda Coetzee, said she was "satisfied" with the ruling but had not yet decided if he would testify, reports say.

Wednesday

Republicans vow to protect high school dropouts from Barack Obama

By Chris Moody | The Ticket

WASHINGTON -- High school dropouts, do not fear. The Republican Party will protect you from Barack Obama's efforts to keep you at your desk.

At his third State of the Union Address Tuesday night, the president challenged all states to ban children from dropping out of high school before they turn 18. "Tonight," Obama bellowed, "I am proposing that every state--every state--requires that all students stay in high school until they graduate or turn 18."

Obama wasn't proposing a new federal program, but his use of the bully pulpit to tell local jurisdictions how to run their school districts was enough to make some Republicans, already sensitive to the increasing role of the federal government in education over the past few years, bristle.

"That's none of his business!" said Utah Republican Sen. Mike Lee while speaking to reporters after the speech. "He's not a principal! He's not a public school teacher! He's not a governor, he's not a mayor. These are matters for state and local government."

Standing in Statuary Hall outside the House chamber, Lee, a senator whose rise to prominence was propelled by the tea party, went on to say that there was plenty in Obama's speech that made him want to scream, but he held his tongue.

"I did not want to be Joe Wilson!" Lee said. Meanwhile, Joe Wilson, who shouted "You Lie!" during a presidential address in 2009, was standing directly behind him, about three feet away.

Regulations on school attendance varies from state to state. Twenty states currently meet Obama's standards by restricting students from dropping out before they turn 18-years-old. Some states allow students to drop out at 16 with parental permission and others require an agreement from the school to let them go. According to the National Center for Education Statistics, 8.1 percent of students nationwide dropped out of high school in 2009.

Other Republicans in the crowded hall, fed up with Obama's calls for a more intrusive federal system, lambasted the president for even making the suggestion.

"What are you gonna do, give them the electric chair?" asked Arizona Republican Trent Franks. "It should be handled on the parental level."

Phil Gingrey, a Republican from Georgia, agreed, saying students should have the right to leave if they want to.

"To require them to stay in high school to age 18, those who have absolutely no intention of getting an education or value an education are disrupting the other kids in class. I think it's just a government misguided run amok quote honestly," Gingrey said.

There was, however, one Republican willing to stand up for Obama's call: High school dropout Darrell Issa, chairman of the House Oversight Committee.

Issa, who left high school when he was 17-years-old to join the Army, took Obama's call to mean that the federal government should look into ways to encourage states to raise their age limits on dropping out, and he's fully behind it.

"I agree with him," Issa said. "The truth is that maintaining students from dropping out until they're 18, and every possible inducement, rather than getting rid of them at the first possible moment because they become a 'pest,' because perhaps they're not performing well. That could make a real difference in the level of education people get. Do I promote it? Yes."

"Leave no child behind?" he said. "That has a familiar ring to me as a Republican."

Sunday

Nigeria analysis: "Things Fall Apart".... Can the center hold?

Nigeria President G.E. Jonathan
By Tim Cocks | Reuters
LAGOS, NIGERIA - "Nigeria is not Animal Farm!" read one placard brandished during days of furious fuel price protests by Nigerians which have combined with a violent Islamist insurgency to moveAfrica's top oil producer closer to what many fear may be a breaking point.
The same political vices of corrupt leadership and abuse of power which George Orwell skewered in his 1945 novella "Animal Farm" have corroded Nigeria's politics since independence from Britain in 1960. Angry popular backlash against these is fuelling the latest violence and unrest in the African continent's most populous state.
This anti-establishment fury brought Africa's second largest economy to a standstill last week. Citizens from all walks of life have taken to the streets after President Goodluck Jonathan's government announced on January 1 it would scrap a motor fuel subsidy, more than doubling fuel prices.
The volcano of public rage has erupted at the same time that a spate of bombings and shootings by a shadowy Islamist sect is threatening to fracture the country's sensitive north-south, Muslim-Christian divide. This religious faultline has caused sectarian conflict claiming thousands of lives in the past.
Some are now asking whether this dynamic but troubled country of 160 million, carved by colonial rulers out of a jigsaw of ethnic and religious groups, can still hold together or risks plunging again into all-out conflict and even break-up.
Many still remember the divisive 1967-1970 civil war over secessionist Biafra that killed over a million people and caused mass starvation, dislocation and suffering.
"As the ripples of incessant bombings and massacres resonate ... fear, anger and hatred have been woven into the very fabric of the nation's life," Soni Daniel, deputy editor of Nigerian daily Leadership wrote in an editorial on Saturday.
"Nigeria has never come as close to the brink of civil war," he added.
The nationwide fuel protests have become an outlet for thousands to vent their grievances against what they see as a venal ruling political class and incompetent government, which is struggling to tackle an insurgency by the Boko Haram Islamist sect based in the largely Muslim north.
"The bottom line is we don't trust the government to do what they say anymore," said student Remi Sonaiya, sitting on a car blaring out Afrobeat music in the heaving Nigerian metropolis of Lagos, while protesters thrashed an effigy of President Jonathan across the face with leafy branches.
Unions launched strikes against the fuel subsidy removal and these are estimated to be costing the country $600 million a day. They have also threatened to shut down Nigeria's 2 million barrel-per-day oil industry, rattling global energy markets.
Talks between Jonathan and labor unions on Saturday failed to reach a compromise, and the unions said the crippling strikes would resume on Monday. But the main oil union said it was not joining the walkouts for the time being.
FEARS OF CIVIL WAR
Jennifer Giroux, senior researcher for the Center for Security Studies (CSS) at ETH Zurich University, says the fuel prices issue is "a common rallying point ... A unifying issue that has had an immediate impact on the majority of Nigerians, most of whom are making $2 a day or less."
The crisis mood is a far cry from the cautious optimism that greeted Jonathan last April, when he won Nigeria's cleanest ever election on a pledge to fight graft, fix a crumbling power sector and attract investment into its huge oil reserves.
Then, foreign analysts saw a potential take-off for the economy if the former zoology lecturer could push through key reforms and take steps towards healing the north-south rift.
One such recommended reform was ending the fuel subsidy but the president's January 1 decision to remove it convulsed a country already shaken by a wave of Christmas attacks claimed by Boko Haram, including church bombings that killed dozens and stoked sectarian tensions.
Attacks have continued during the fuel protests. Targeting of minority Christians triggered reprisals by Christians on Muslims in the south, even though the majority of the two communities have shown in the past they can live in peace.
During fuel price protests in southwestern Benin City on Tuesday, five people were killed when a mob attacked a mosque, and 3,000 Muslims of northern origin fled.
Fears that the unrest and violence could degenerate into something even bigger seem to be gaining some traction.
"The situation we have in our hands is even worse than the civil war that we fought," Jonathan said in recent comments about the Boko Haram insurgency.
"During the civil war, we knew where the enemy was coming from. (Now) you won't even know the person who will point a gun at you or plant a bomb behind your house," he said, warning that Boko Haram members were in "all levels of government."
And in a recent interview with the BBC, Nobel prize-winning Nigerian author Wole Soyinka said the comparison with the traumatic Biafra war was "not unrealistic."
"We see the nation heading towards a civil war, we know that the (Biafra) civil war was preceded by serious killings by both sides of the regional divide, we've seen reprisals," he said.
"It is going that way, we no longer can pretend it's not. When you get a situation where a bunch of people can go into a place of worship and open fire through the windows, you've reached a certain dismal watershed."
PRESIDENT - AND ARMY - UNDER SCRUTINY
Some question whether civilian Jonathan, who as vice president first took power in May 2010 when his predecessor Umaru Yar'Adua died, has the capacity to lead Nigeria out of its multi-headed crisis.
They worry that his miscalculation of the public mood over the fuel subsidy removal, and his slow reaction to the escalating Boko Haram insurgency suggest he may struggle.
"There are serious questions about how in control the president is, with some really poor decision making. Is Goodluck Jonathan really able to provide visionary leadership?" asked Alex Vines, senior fellow and Africa specialist at London think tank Chatham House.
"There seems to be just drift and indecisiveness."
A civil servant who works with Jonathan says privately that his style differs from the many military rulers that have often run Nigeria in the past. He listens, even lets people interrupt, which some in Nigeria's macho politics may see as a weakness.
The son of a canoe carver in the oil-rich Niger Delta, Jonathan studied zoology, in which he earned a doctorate, and worked as an education inspector, lecturer and environmental protection officer before going into politics in 1998.
He was northerner Yar'Adua's running mate in a shambolic election in 2007, but his campaign to run himself after Yar'Adua's death was controversial because of an informal pact within the ruling PDP party that the presidency should rotate between the north and the south.
As a southeast Christian, by running for the leadership he upset that rotation deal in the eyes of many northerners.
The early signs that Jonathan's first elected term as president would not be smooth came hours after he was sworn in on May 30. A series of bombings killed at least 14 people in a drinking spot inside a barracks in the northern city of Bauchi.
Most observers see a political element to the recurrent violence in the north, which analysts say is also rooted in anger - as with the fuel price protests - against the lack of economic opportunities caused by decades of poor governance.
Boko Haram's heartland in the remote, semi-arid northeast is one of the country's poorest regions, where a failed education system and youth unemployment have conspired to provide easy recruits for extremists.
Last year, Boko Haram attacks spread and even hit the capital Abuja, yet Jonathan's reaction has often appeared low-key. Some critics have faulted him for initially treating the insurgency as a purely security issue, rather than as something requiring a political settlement.
"He's eerily calm considering we could be weeks away from a major confrontation," said Africa Confidential editor Patrick Smith. "The absolute failure ... to wheel on southerners and northerners at the same time to say this is a national crisis and we have to pull together, is striking."
The biggest fear, Smith said, is that the army - whose upper ranks are all southern Christians, while junior officers and lower ranks are a mix of both from many geographical locations - could fracture if a section of it launches a mutiny.
There are already rumblings in the military, he said.
"The next big faultline is the army, and how well they stay together ... If it splits, that is this country's nightmare."
In addition, that fact that Jonathan is an Ijaw from the southern Niger Delta means that any attempt to unseat him by force - especially by a northerner - could trigger a backlash in the Delta by militants who have fought the government before.
A former Niger Delta warlords Mujahid Dokubo-Asari said this month that his people taking up arms to defend Jonathan against Boko Haram was "minutes away.
ROOTS IN CORRUPTION, INEQUALITY
Despite the serious strains, many point out that Nigeria has often lurched from crisis to crisis but, at least since the Biafra war, has managed to avoid a total breakdown.
An armed uprising in the Niger Delta last decade - similarly driven by anger at the failure of politicians to deliver local services - lasted years and shut down almost half of Nigeria's oil and gas output at one stage. Nevertheless, Delta militants signed a peace deal with the government in 2009.
"The president can survive the dual crisis if he manages to keep the support of key political actors from the Parliament, the state governors and some sectors of the civil society," Gilles Yabi, West Africa Project Director of the Brussels-based International Crisis Group think tank, told Reuters.
"I don't think that the level of radicalization and polarization that preceded the Biafra war can be easily reached today," he added.
Others feel however the country may have come to a crossroads. "Do things have to get either better or worse very quickly or can it just muddle along as it always has?" said Antony Goldman, who heads London-based PM Consulting.
Yabi said it was encouraging that the unions promoting the strikes had agreed to go into negotiations with the president.
Goldman noted that Boko Haram's leader Abubakar Shekau did not specifically rule out talks in an otherwise defiant online video in which he defended recent killings of Christians as justifiable revenge attacks and said Jonathan had no power to stop the group's insurgency.
In his video, Shekau appears to echo popular complaints against dysfunctional established politics when he says "injustice is unbelief, democracy is unbelief and the constitution is unbelief."
Stephen Ellis, a historian at the Africa Studies Center at Leiden University in the Netherlands, sees Jonathan as a wily politician who has already shown he has the skills to operate in Nigeria's challenging politics, which he calls "a very rough business ... like a poker game ... or juggling chain saws."
Ellis makes the point that all the country's power brokers, including those in the restive North who may be pursuing their own agendas by using the Boko Haram insurgency to pressure southerner Jonathan, are dependent on the national oil income.
"If you are a member of the Nigerian elite, including those in the north, you need the Nigerian state to be in business," he says, a factor which could lead, as in the past since the Biafra war, to a fresh political accommodation that restores calm.
But tackling the deeply and widely embedded corruption that lubricates all levels of Nigeria's political system is a much tougher challenge in the long term.
"A really determined effort to stamp out corruption would itself be massively destabilizing. It can only be done gradually," Ellis said.
But until this happens, outbreaks of angry protests and violence are likely to recur in an energy-rich country that pumps 2 million barrels of oil a day with the help of oil majors like Royal Dutch Shell and ExxonMobil, while its citizens face crumbling roads, abysmal public hospitals, chronic power shortages and an economy rigged in favor of powerful import oligarchs.
"Nigeria ... has been ruled by the same cult of mediocrity - a deeply corrupt cabal - for at least forty years, recycling themselves in different guises and incarnations," said famed Nigerian author Chinua Achebe in a recent interview with the Christian Science Monitor.
Achebe's acclaimed 1958 novel "Things Fall Apart" tells of social dislocation stemming from colonial rule and can be seen as a prescient foretelling of Nigeria's post-independence pains.
So any political deal may only buy some time before the next explosion of anger in a deeply fractured and unequal society.
"For ordinary people, it's become about everything that's wrong in Nigeria ... about tens of millions of people paying for the champagne lifestyle of dozens of people," Goldman said.