Unilever Nigeria Plc has said that its on-going Rights Issue will help it to reinforce financial flexibility in order to support its growth initiative and also give the shareholders of the company the opportunity to consolidate their shareholding position.

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.

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.

ABUJA — THE Federal Government’s policy of patronising made-in-Nigeria goods by the citizens is yielding results as some citizens of the United Kingdom now order for Nigeria locally made suits.