The volume of idle cash in the interbank money market rose last week to N408 billion, triggering 156 percent excess demand for government securities. Financial Vanguard investigations revealed that the volume of idle cash (excess liquidity) in the interbank money market rose by 32 per cent from N277 billion the previous week, to close at N408.3 billion last week. The sharp increase was driven by fresh inflow of N141 billion from statutory allocation funds, and N144 billion from payment of matured treasury bills.

The Director-General of Standard Organisation of Nigeria (SON), Dr Paul Angya, has alerted the federal government of massive importation of substandard goods into the country. This, he said, has forced the SON to shutdown the Electronic Provisional Clearance Certificate (ePCC) platform after the 90 days expiration elapsed this year.

To become self- employed and succeed at what you do; you must change your perception. You must transit from a mentality of dependency on your boss to being independent. You have to take control and be responsible for your actions. You must be accountable and most importantly; you must be prepared to face disappointments, you must be prepared to fail because failure is a pathway to success.

“My Specialist program explored human health from not just a physical and biological perspective, but from an emotional, psychological, societal and legal perspective. It was a very well rounded education, albeit incredibly demanding. It really helped turn me into the person I am today! It was there I saw my passion for mental health! I began working for the University of Toronto Students’ Union as Associate President, and was thrown into the world of advocacy, policy and justice.”

In spite of the scarcity and restrictions in the nation’s foreign exchange market, seven banks made N78 billion trading in foreign exchange in 2015. Financial Vanguard investigations revealed that the income was 8.3 per cent lower than the N85.5 billion recorded in 2014. The banks are Access, UBA, FBN Holdings, Union Bank, Diamond Bank, Wema Bank and Sterling Bank.

The Minister for State, Aviation, Sen. Hadi Abubakar Sirika has called on African countries to encourage Air Transport Connectivity among each other in order to enhance the growth of civil aviation in the continent. This is just as the International Air Transport Association,IATA, called on African governments to prioritize the development of aviation nationally and at a pan-Africa level to boost economic growth and development.

The International Air Transport Association, IATA , has called on the Nigerian government to ease and facilitate the repatriation of funds by foreign airlines. It said this is in keeping with international agreements obliging countries to ensure airlines are able to repatriate their revenues.

IN a bid to block revenue leakages at the Nigerian Maritime Administration and Safety Agency, (NIMASA) the House of Representatives Committee on Maritime Safety, Education and Administration has summoned 1,319 companies to appear before it during a public hearing on operational deficiencies at the agency.

We have a lot of new things happening at SON. What we have been doing is to try to communicate the benefits of standardisation which translates to quality for Nigerians. We have devised innovative ways of communicating to people to buy the culture of standardisation. The major mandates of SON has not changed- elaboration of standards and quality assurance, the regular inspections of factories and production lines of products; audit of companies and advising industries to improve on their products.

First City Monument Bank’s (FCMB) women staff have taken financial literary to children as part of its commitment to educating them on the importance of savings. The women, through FCMB across the country, hosted pupils from various schools, under the theme, ’Kids Banking Excursion Programme”, where they were exposed to the general dynamics of banking, financial literacy and how to cultivate savings habit from an early age.