One news item in the international wire service last week caught my attention.

Having a great business idea is only the first step in the journey to raising your business empire.

The Nigerian aviation industry contributed $685 million to the country’s Gross Domestic Product, GDP, in 2015, just as $50 billion would be needed over the next 28 years to grow the sector . These revelations were made by the Managing Director, EAN Aviation, Mr. Olusegun Demuren, at the Nigerian Business Aviation Conference 2016, held in Lagos.

The Bankers Committee has said that the scarcity of foreign exchange in the country requires adjustment on the part of every Nigerian.

THE N90 billion shopping mall built by Anambra State Government, in collaboration with a private investor in Onitsha is to be commissioned Friday next week.

Investors demanded for N2 trillion worth of government securities in March, reflecting the level of idle funds (excess liquidity) in the banking system.

Amidst growing concerns over alleged monopoly status enjoyed by one of the operators in the Nigerian Oil and Gas Logistics and supply services, key stakeholders have called for regulatory appraisal of the competition environment.

Trouble is brewing between the Financial Reporting Council (FRC) and notable shareholder groups in the country over a draft rule by FRC spelling out the qualification individuals aspiring to the position of audit committee chairmen of quoted companies must possess.

In a recent discussion with some media practitioners, I ‘innocently’ asked the innocuous question of who actually owns the reported foreign reserve balance of about $27.8bn? Expectedly, the response was a spontaneous chorus of “Nigeria of course”!

The challenges of infrastructure are a major impediment to the diversification of the economy. The infrastructural deficiencies of the country are acknowledged and well-documented and the negative impact on productivity glaring.