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 […]
Dictatorship of the NLC must be resisted by other workers in the states
Tyranny is the name that must be applied …to any government in which he who is charged with the execution of the laws may make, destroy, break, interpret, hinder or suspend them with assurance of impunity —Vittorio Alfieri. 1749-1803, VANGUARD BOOK OF QUOTATIONS, p 256
The minimum wage swindle
PRESIDENT Muhammadu Buhari signed into law the Minimum Wage Bill passed by an equally cynical National Assembly, NASS, whose leaders are still smarting from the shellacking they individually and collectively received from voters in February. It is still a bad dream for one or two of them who had assumed they had their states in the palm of their hands to do as they wished with them.
Buharinomics: The bad, the worse, and the ugly
FOR more than seven months, I have refrained from writing about the Nigerian Loss, sorry, Stock Exchange, NSE, because it had been my experience for nearly thirty years that most Nigerian investors in the capital market are the closest human beings who can be classified as retarded. It is bad enough when millions of individuals presumed to be an intelligent act against their own interests out of ignorance. It is absolutely astonishing when Nigerian investors, like human lemmings, all rush to their own economic destruction.
Transport, education and the rule of con men
The Minister was on yet another inspection tour of the work being done on the Lagos-Ibadan railway project – which as everybody now knows has missed so many deadlines promised for its launching by the Federal Government. In another example of the con games they play with Nigerians, the Vice President visited the project during the campaigns and after being driven through a hastily prepared portion of the railway line promised Nigerians that the line would be inaugurated before the elections.
Three reasons why Nigeria will remain under-developed
THREE national newspapers published three reports which individually and collectively reveal why Nigeria will remain economically and socially under-developed for decades to come. The three stories are relevant for their demonstration of how the managers of important segments of the economy often for reasons best known to them mislead the Federal Government and the people of Nigeria. Two of the stories, not surprising, were about the Nigerian National Petroleum Corporation, NNPC. Both of them would have been regarded as good jokes if the announcements were made on April Fool’s day.
