Sobowale On Business

Why your bank might not pay dividends for years, by Dele Sobowale

Perhaps there is some truth in the statement that “when an old man dies, you lose a library”. At 82+ and 39 years writing on this page, I have been a media witness to four major banking upheavals – each occurring shortly after recapitalization was imposed by the Central Bank of Nigeria, CBN. Almost invariably, each […]
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The CBN is powerless to correct economic problems

By Dele Sobowale “Allow an untenable situation to go on for too long; and suddenly, there are no good options left.” Arthur Burns, 1904-1987, Chairman US Federal Reserve Bank from 1970-1978. For some of our readers, it is necessary to point out that the US Federal Reserve Bank is the Central bank of the United States; […]

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