The Managing Director/Chief Executive of Nigeria Deposit Insurance Corporation (NDIC), Alhaji Umaru Ibrahim has called on members of the public to ignore rumors of financial distress in some banks that are being circulated through text messages and social media to de-market those banks and destabilize depositors’ confidence in the banking system. In a press release […]
The capital market benefits from flow of fund in the economy, and up till now, the fifth month into the year, the 2017 budget, which is supposed to spur spending in the economy has not been passed. Aigboje Higo, Managing Director, Capital Bancorp Plc, x-rays the impact on the stock market and several other issues.
The post Stock market still doing well without 2017 budget – Higo appeared first on Vanguard News.
THE upward trend in cost of funds in the interbank money market last week, will persist this week, due to outflow of N140 billion for FGN bond sale.
The post Cost of funds to rise as N140bn bond offer pressures interbank appeared first on Vanguard News.
THE complexity of Solvency II reporting will scare investors from the insurance sector in European Union, according to a joint report from Autonomous Research and Willis Towers Watson.
The post Solvency II reporting scares investors from insurance sector appeared first on Vanguard News.
THE Nigerian Insurers Association (NIA) has harped on the need for complete autonomy and capacity building for insurance regulators in the Africa.
The post NIA recommends path to insurance growth in W/Africa appeared first on Vanguard News.
A BANK overdraft is a temporary loan banks give to individual and corporate account holders that enable them withdraw funds above the balance available in the account. Thus, an overdraft allows the individual to continue withdrawing money even if the account has no funds in it or not enough to cover the withdrawal.
The post What you should consider before taking a bank overdraft appeared first on Vanguard News.
Ikeja Electric occupies a prime position in electricity distribution in Nigeria, being host of the most industrialized part of the country. The Acting Managing Director/Chief Executive Officer, Mr. Anthony Youdeowei, in this interview with Sebastine Obasi, Ediri Ejoh and Prince Okafor, talks about the intricacies involved in supplying electricity to the various customers of the
The post It is in our interest to give out pre-paid meters — CEO, Ikeja Electric appeared first on Vanguard News.
FOR one week running investors in the Nigerian Stock Exchange, NSE, have remained bullish on the shares of United Bank for Africa Plc (UBA) on the account of its impressive first quarter 2017 (Q1’17) results announcement previous week.
The post UBA Plc: Q1’17 result puts bank on good year start appeared first on Vanguard News.