Chartered Institute of Bankers of Nigeria, CIBN, has expressed support for the ongoing banking recapitalization exercise saying it will empower banks to lend more to the economy.
To meet the new capital requirements set by the Central Bank of Nigeria (CBN), big banks have sprung into action by looking to raise their capital base.
Artificial Intelligence (AI) is not just a buzzword, it's a game-changer in the stock market. From automating complex and redundant processes to solving long-standing industry challenges, AI is revolutionizing the way we trade. With the launch of ChatGPT and other natural language processing (NLP) chatbots and AI's use in autonomous driving, the tech is becoming faster and more accurate by the day when solving real-life problems.While the impact of AI on the stock market is undeniable, concerns...
Equities ended the week on an up note thanks to some of the market's biggest names.
The Australian government will test tools to shield kids from inappropriate material online. Even though there’s no one easy fix, these checks could help.
Stocks get help from a couple of laggard Magnificent 7 stocks.
Republic Bank's 32 branches will reopen as branches of Fulton Bank as early as Saturday. Republic First Bank depositors can access their funds via checks or ATMs as early as Friday night, the FDIC said.
Expressing his contentment with India's growing developer community, Apple CEO Tim Cook has said that the South Asian country has become a key market for global tech giants, with a burgeoning developer base attracting significant attention, news agency ANI reported on Saturday."We have been very pleased that there is a rapidly growing base of developers in India. Apple is working all of the entire ecosystem from developer to the market to operations, the whole thing," ANI quoted a post from the...
The Judo Bank is now forecasting the Reserve Bank will raise interest rates three times in 2024. This would see borrowers paying the highest rates in almost 16 years.
Judo Bank now predicts the Reserve Bank will raise interest rates three times in 2024 to levels not seen in 16 years - increasing the average mortgage repayment by $300 a month.The bank's chief economic adviser, Warren Hogan, forecast the key interest rate will rise to 5.1 percent by Christmas, from a 12-year high of 4.35 percent. Rate hikes in August, September and November this year would see the Reserve Bank of Australia's key interest rate reach levels last seen in December 2008 during the...
The bank holiday weekend is nearly here. And after some warmer weather over
Canadian investors and borrowers are on the edge of their seats as they