Sobowale On Business

Dangote Refinery IPO is not for you, by Dele Sobowale

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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Ministry of transport is starting a quiet revolution in the South-West

Ministry of transport is starting a quiet revolution in the South-West

WHEN Buhari announced his cabinet members and granted the Ministers portfolios, nobody could have selected the Minister for Transport, Rotimi Amaechi as the minister most likely to succeed in the first term. Compared with appointees from the Southwest and Southeast who had received rave reviews as governors of their states or prolific National Publicity Secretaries, Amaechi apparently had no chance to top the class of 2015 Ministers.

Reviving Lazarus: The gradual recovery of Skye Bank

Reviving Lazarus: The gradual recovery of Skye Bank

The resurrection of Lazarus, dead for four days remains one of the most remarkable miracles of all time. Apparently, it is not only dead souls that are capable of being revived after being given up as dead. The Board and Management of Skye Bank Plc have embarked on a bold programme of bringing the bank back from the brink. They have started in a remarkable way.

Tourism as an income earner and our self-deception

Tourism as an income earner and our self-deception

THE story by Anna Okon quoted a report titled The Nigerian Hospitality Report by Jumia Travels recently. That should not surprise those of us who travel all over Nigeria extensively every year. This writer visited only twenty seven states last year. That has been the lowest number in the last ten years; unlike 2011 when at least one visit was made to all the thirty-six states of Nigeria.

Why the capital market will remain depressed in 2017

Why the capital market will remain depressed in 2017

LAST year, the Nigerian Stock Exchange, NSE, emerged as the worst global exchange, shedding a little bit over N1 trillion. Those who lost money on the exchange last year have only themselves to blame because they can now add that loss to the list of “everything that could have been avoided”.

Another bad year for investors on the NSE:

Another bad year for investors on the NSE:

It is sad that in 2017, one has to repeat the same warnings to those with investments on the Nigerian Stock Exchange, NSE. For three or four years in a row, it has been in steady decline. Yet some people still place their funds in it or leave them there. Last year, investors lost over N1 trillion on the aggregate. They are set to lose more in 2017. but first read a previous warning. Then we meet again next week.