IN 1907, the businessman, Samuel Herbert Pearse, built a hotel in Lagos. In 1939, Chief Green Mbadiwe built Greens Hotel on Ahmadu Bello Way in Kaduna State. By all accounts, the hotel business has been going on in present day Nigeria even before Lord Lugard’s amalgamation of 1914.

The Chairman of Nigerian Economic Summit Group, NESG, Mr. Kyari A. Bukar, who is also the Managing Director of Central Securities Clearing System, CSCS Plc in an interview with Vanguard spoke on a lot of issues affecting the economy, the upcoming 22nd NES as well as the activities of the Group and its contributions towards building a virile Nigerian economy.

Despite the unchanged Monetary Policy Rate, MPR by the Central Bank of Nigeria, CBN , investors in the Nigerian stock market, last week gained over N140 billion from their investment in shares as the Nigerian Stock Exchange, NSE market capitalisation rose from N9.563 trillion at the beginning of trading week to close last Friday at N9.703 trillion.

IN an apparent bid to enhance supply of foreign exchange to the bureau de change, BDC, segment of the foreign exchange market, Central Bank of Nigeria (CBN) last month directed that banks should sell $50,000 from proceeds of international money transfers ( IMT) to the 3000 BDCs in the country.

IN its quest to provide Nigerians with investment options to enhance their incomes, Eagle Global Markets, EGM has come up with Naira used global trading platform that put off pressure on Foreign Exchange, FX and gives more value to the local currency.

THREE banks have to raise additional funds in 2016/17 financial year in order to meet and sustain their Capital Adequacy Ratio, CAR, which has come under pressure. This follows the devaluation of the Naira and a nominal expansion in risk weighted assets due to significant foreign currency exposure.

THE Group Head, Letshego Microfinance, East and West Africa, Mr. Tom Kocsis, has said that strategic partnerhip is key to financial inclusion.

President Muhammadu Buhari on Saturday reiterated the need to recharged the shrinking waters of Lake Chad in order to checkmate the environmental disaster along the Lake Chad basin.

The development of Nigeria’s housing market is key to growing the economy and the Gross Domestic Product (GDP), Mr. Godwin Emefiele, Governor of Central Bank of Nigeria (CBN), has declared.

The bulk of businessmen in Onitsha that really have the resources and money, live in Asaba, because there is no more space in Onitsha. Delta state has the space. Besides, Asaba is also very peaceful. We believe that the commercial city we are developing is very different from what they are doing in Onitshsa.

Do you want to expand your business, be more competitive in your industry or achieve certain goals? If you answered yes to any of the above, you need a business plan!

Investors in the nation’s stock market have lost about N281 billion of their investment value in the past eight months as the ongoing economic recession continues to hit the financial market. This is just as stockbrokers continued to lament over difficult operating environment which has placed their businesses in difficulties.

Relief is on the way for motorists and commuters who go through agonies plying the terribly deplorable Enugu-Onitsha Expressway, as the Federal Government has commenced the process for the rehabilitation of the highway.

Banking stocks on the Nigerian Stock Exchange, NSE last week contributed a significant N2.9 billion to boost market value to N5.495 billion recorded in a three day trading for the week under review.

The advantages of dematerialization are many: it enables the investor to trade at any time without necessarily passing through the bottlenecks of verifying the share certificates any longer, because the shares are now domiciled with CSCS, he can give a mandate to his broker at any time and the broker accesses the Exchange that same day and trade for him. Some of the beauties of dematerialisation are that it enhances market dynamism, liquidity and decision making in securities investment, etc.