Banks battle with money  nobody wants

Banks battle with money nobody wants

Banks are now battling with money deposited by customers in their vaults which they are either not ready to give out as loans or nobody is coming forward to take. This is a fall out of the over N400 billion in the system more than the banks needed to hold in cash, which has brought the need for banks to lend to each other in the interbank money market to zero level.
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NHF: FMBN cancels  meeting with PMIs

NHF: FMBN cancels meeting with PMIs

A meeting to address the issues raised by Primary Mortgage Institutions (PMIs) on the recent decisions by the Federal Mortgage Bank of Nigeria (FMBN) concerning the National Housing Fund (NHF) was cancelled at the last minute by the management of the bank

EQUITIES Profit-taking, fluctuation of equity prices to persist

EQUITIES Profit-taking, fluctuation of equity prices to persist

The fluctuating trend of equity prices is expected to continue in the Nigerian Stock Exchange (NSE) this week.
This is due to profit-taking, expected to persist as investors continue to sell off some of their shares to make quick gains, in response to gains recorded on the share prices of majority of the quoted companies, over the last couple of days.

HOW TO SAFEGUARD YOUR MONEY IN BANKS (6)

HOW TO SAFEGUARD YOUR MONEY IN BANKS (6)

Registrar/Chief Executive, Chartered Institute of Bankers of Nigeria (CIBN), Dr. Uju Ogubunka says it is possible for bank customers to safeguard their money in a bank against distress and he explains how this can be achieved.

Stakeholders back BPE on New Generation Telecom

Stakeholders back BPE on New Generation Telecom

Baring any positive twist from what is currently on ground, the $2.5b sale of Nigeria’s national telecommunications carrier, Nitel to New Generations telecom may hit the rocks. This is as fresh information Vanguard gathered from Abuja, indicates that the interests that want the sale of Nitel revoked to apparently favour an indigenous player are getting strong backing from powerful people in government.

Visafone rolls out services in Maiduguri

Visafone rolls out services in Maiduguri

One of Nigeria’s CDMA operator’s Visafone said it has extended its network coverage to Maiduguri, capital of Bornu State. The telecoms operator says it is entering the historic town with exciting and affordable packages tailored to meet the communication needs of the residents and further facilitate their contacts with friends and loved ones.

Glo takes Talkmore, BID2WIN, others to Kaduna Fair

Glo takes Talkmore, BID2WIN, others to Kaduna Fair

National Telecommunications Operator, Globacom will be a key participant at this year’s edition of the Kaduna International Trade Fair which opens on Friday, February 19 and ends on Sunday, February 28.

IwayAfrica dangles wedding carrot at couples with NaMyWedding.com.

IwayAfrica dangles wedding carrot at couples with NaMyWedding.com.

As technology is permeating every sector of life, creating unimaginable transformations, the marriage institution should not be left out. And that could be why a frontline internet services provider, iWay Africa recently introduced a website which provides the opportunity for couples who have not tied their nuptial knots to have a celebrity wedding worth over N4m.

Kanu: I’ll rather save life than win World Cup

Kanu: I’ll rather save life than win World Cup

Super Eagles’ captain, Nwankwo Kanu, has said that he prefers an hospital built in the name of the Kanu Heart Foundation, to winnning a World Cup medal with the Nigerian team in South Africa.

Sacchi, Hoddle join race for Eagles’ job

Sacchi, Hoddle join race for Eagles’ job

Italian Ariggo Sacchi and Englishman Glenn Hoddle have become the latest names to be associated with the Nigerian national team coaching job, although the Italian has made it clear he will not be coming to Abuja to attend a scheduled interview.