Central Bank of Nigeria (CBN) has expressed concern over prevalence of ineffective shareholders association in the country saying this undermines corporate governance practices in the country. Speaking at the 2015 annual conference on corporate governance and 10th anniversary of Society for Corporate Governance Nigeria (SCGN), CBN’s Deputy Governor, Financial System Surveillance, Dr. Joseph Nnanna noted that the problem of passive minority and ineffective shareholders association has been one of the challenges affecting the success of corporate governance in Nigeria.

As economic experts continue to give divergent views about the just concluded 21st Nigerian Economic Summit on achieving competitiveness, inclusive growth and sustainability, investors are calling on government to ensure good economic policies, conducive business environment and regulations to boost development in all sectors.

Starwood Hotels and resorts, owners of Sheraton hotels worldwide plan growing its portfolio by over 50% in the next five years in Africa with introduction of seven new brands.

“We have about $260million funds for agriculture. We are looking at the mining sector, health care, hospital sector and structured equity whereby we will provide equity for some of the young companies in Africa, we are looking at hotel.

Give your venture everything you’ve got. A passionate commitment to your business and personal objectives can make all the difference between success and failure. If you aren’t proud of what you’re doing, why should anybody else be? And don’t get suckered into blindly pursuing profits and growth. If you stay focused on being the best at what you do, it’s more likely that the rest will follow.

Discovering the right opportunity at the right time will lead to the growth of one’s business. What will fuel the discovery is one’s ability to think differently. So the key question to ask is: is your organisation ready to discover opportunities others would have seen but were not able to see it as one due to their limited way of thinking? Like Albert Szent-Gyorgyi said “Discovery consists of seeing what everybody has seen and thinking what nobody else has thought”.

Building a start-up is like falling in love. You find the “perfect one”, you lose all sense of reason, and judgement flies out the door. You’re likely to make mistakes. The problem with the start-up culture is this irrational blindness, and it leaves a trail of wrecked start-ups. Everyone knows that building a start-up is tough, but many entrepreneurs are not analysing their own start-ups with enough objectivity. If you don’t want to waste your money (or life) on a failed start-up idea, then you need to ask the following questions.

The 2015 edition of the annual Nigeria Econo-mic Summit kicked off on Monday with an array of private sector chieftains and government officials led by the Vice-President, Professor Yemi Osinbajo, with the focus on how Nigeria can make the tough choices necessary to over the challenge of achieving inclusive growth and global competitiveness. In this report, Peter Egwuatu & Emmanuel Elebeke, present highlights of proceedings from the first day of the Summit.

Nigeria receives an average of six billion dollars in Direct Foreign Investments (FDI) inflow annually.

NOTWITHSTANDING agreements with oil marketers to distribute fuel brought in by the Nigerian National Petroleum Company, NNPC, Oando Plc said it will continue to import Premium Motor Spirit, PMS, also known as petrol despite the huge debt owed marketers.