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Dangote Refinery IPO is not for you, by Dele Sobowale

Alhaji Aliko Dangote said he wants millions of Nigerians to share in the wealth which will be generated by the Dangote Refinery by buying at least ten shares priced at N525 each. That amounts to N5250 for each minimum investor. The impression was given that wealth sharing is guaranteed once the investment is made. Even […]
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Sale of assets: Selling the state’s jewels

THE Senate a short while ago spent a few short hours debating the State of the economy. They asked for a new economic team because they thought that the ministers of Finance and Budget were not up to the task of pulling Nigeria out of recession. They recommended the selling of national assets such as NLGN, parts of NNPC; so as to holster up our foreign exchange reserves: reduction of government spending, boosting agriculture etc.

How Buhari plunged Nigeria into recession

Unless Buhari starts seeing himself as the father of the nation rather than a sectional mujahid (“holy” warrior), he would never get it right. He must listen to the wise words of the Senators who are telling him to rejig himself and his government away from the blunders of the past sixteen months

To hold and to cherish

SUNDAY mornings for me, are times to relax and reflect. The hustles of the workdays and social callings of Saturday behind, Sundays are inviting and alluring. So it was on Sunday September 18. I sat upstairs in my home, laptop in front. My thoughts were about peace; peace of mind, local and international peace. I thought about the internally displaced in North East Nigeria, those dying in senseless wars in Syria, South Sudan and Yemen.

CBN, stop this nonsense

IN a recent ‘chat’ with members of the Newspaper Proprietors Association, the CBN Governor, Godwin Emefiele, spoke extensively on efforts to resolve the current challenges to best practice monetary and fiscal management; particularly salient in his narrative, was the alarming revelation that “in 11 years CBN allocated $66bn to BDCs!!”

Skye Bank as a metaphor for banking in Nigeria

LAST month, when the Central Bank of Nigeria took out advertisements in several national newspapers to disclaim the “rumour” that Skye Bank was not distressed, an article appeared on this page titled WHY CBN AND LAGOS STATE MIGHT FAIL IN THEIR EFFORT TO SAVE SKYE BANK.

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