Like individuals and companies, governments occasionally borrow to fund their operations. When government wants to borrow for less than one year, it does so by issuing Treasury Bills (T-Bills).

Ecobank Nigeria has unveiled a “Target Savings Promo”, giving customers the opportunity to win double their savings in the bank within a specified period. The promo tagged, Double Your Target Savings promo is intended for customers who want to build up savings with the bank to meet their future financial goals or execute specific desired projects. The Target Savings Promo is designed to reward both new and existing customers of the bank within the six months period the promo is expected to run from August through January 31, 2018.

Thus, in place of real production that boosts overall economic prosperity, the manifest avenues of making easy money have become multiple rate currency practices, dollarisation and domestic dollar debt market

READING that statement by the white man who was migrating to Europe, I was temporarily livid with rage. The man was a racist quite all right. But, he was also telling the truth. African leaders have destroyed all the good structures the colonial masters left. While European Houses of parliament are still as pristine as they were six hundred years ago, ours less than one hundred years are uniformly eye-sores. If governments cannot maintain the structures close to them, is it any wonder that they almost always destroy those far away? The tragedy of Apapa Wharf is another reminder that governments, Federal and States have destroyed more than they built. There are no monuments for visitors to see.

Mrs. Funmilayo Babington-Ashaye who became 48th President and Chairman of Council of the Chartered Insurance Institute of Nigeria, CIIN, in this interview vowed to confront the lack of awareness which is the greatest challenge facing the profession and the industry.

NIGER Insurance Plc has recorded Gross Premium Income (GPI) of N5.1 billion for the operating year ended December 2016.

IEI Anchor Pensions has opposed the proposed increase in the initial lump sum withdrawal from pension accounts to 75 per cent, saying it will destroy the very essence of pension which is a steady income at retirement.

UNILEVER Nigeria Plc, one of the oldest multinationals playing in Nigeria’s fast moving consumer goods (FMCG) market, was forced to investors’ conference call last week on the heels of its controversial Rights Issue. But the shares had impressive outing last week indicating that investors may be taking positions in view of the huge Rights’ price premium.

The high interest rate regime occasioned by the expansionary monetary policy of the Central Bank of Nigeria (CBN) may compel Wema Bank Plc to suspend its N50 billion bond issuance programmes.

BANKS lost N2.4 billion to fraud and forgeries executed by staff in connivance with fraudsters in 2016.

Bestselling author, Pastor Reno Omokri has written the Archbishop of Canterbury, Justin Welby, urging him to ask President Muhammadu Buhari whenever he visits him again at the Abuja House in London why there has been no punishment over the alleged killing of over 347 Shiites.

The Special Adviser to President Muhammadu Buhari on Media and Publicity, Mr Femi Adesina, has said that the demands by some civil society groups lead by Charles Oputa, AKA Charlie Boy that President Muhammadu Buhari should resume office or resign was not known to the Nigerian laws.

“No Light No Bill,” “Total Darkness, Crazy Bills, Why?” “Don’t We Have the Right to Express Our Rights?” “We Want Prepaid Metres,” were some of the inscriptions displayed by protesting residents of Onipanu, Odi-Olowo/Ojuwoye LCDA of Lagos State at the headquarters of Ikeja Electricity Plc, weekend.

American Tori Bowie won the women’s 100 metres world title on Sunday making up for her silver in last year’s Olympics.

Former President, Chief Olusegun Obasanjo, has revealed why the ex-Head of state, General Sani Abacha, jailed him for 30 years, though, later reduced it to 15 years.