Vanguard investigation showed that Investors have started to move their funds out of the country to neighbouring countries in response to falling deposit rates which crashed to three per cent in the last two months though the CBN monetary policy rate is 6 per cent.

Despite achieving an inspiring growth rate of 7% per annum since 2001, Nigeria remains crippled with massive unemployment levels that continue to exact a considerable toll on its socio-economic prospects. Credible data on this count is lacking for most of sub-Saharan Africa, but Abuja concedes that 70% of the population was jobless as recently as 2007.

Florence Modupe, a banker, on Friday, appeared before an Igbosere Magistrate”s Court in Lagos charged with stealing N560,000 from a customer”s joint account in Zenith Bank Plc.

Diamond Bank has continued to put smiles on the faces of its customers as one of its Trans Amadi branch customers and a staff of the Niger Delta Development Commission (NDDC), Mr. Luke Benedict Ibanga, has become the latest beneficiary of the Bank’s numerous consumer rewards, when he emerged winner of a free loan repayment in the first phase of the Honda/Diamond Bank special auto loan scheme’s draw which held in Lagos recently.

The upward trend in the equities’ segment of the Nigerian Stock Exchange (NSE) is expected to continue, this week, as investors continue to shy away from the fixed income market and money market instruments due to crash in deposit rates and over-valued bond prices.

ABUJA- THE Japanese government yesterday in Abuja gave a grant of US$97,023 under the Japanese Grant Assistance for Grassroots Human Security Projects(GGP) to Ifelodun Cassava Processing Cooperative Investment and Credit Society based in Oyo State.

KADUNA:The 19 northern governors have expressed concern over the operational difficulties being faced by the Unity Bank Plc., the Kaduna Textiles, the New Nigerian Newspapers (NNN) and the New Nigeria Development Company (NDDC).

Lagos; In line with global safety standards, United Bank for Africa (UBA) Plc; the pan-African banking group, has acquired a state-of-the-art fire fighting truck, capable of fighting fire incidents in all conditions. The vehicle, acquired by the bank, among other advanced fire fighting machines, is in further demonstration of its commitment to ensuring a safe and conducive working environment at all times.