The precious metal market is abuzz with projections of gold prices soaring to $3000 per ounce. This bullish forecast is underpinned by a confluence of factors, including robust demand from...
Category: Finance
UK Economy on the Rise: Big Banks Boost Small Business Lending
In a positive sign for the UK’s economic recovery, big banks have increased their lending to small and medium-sized enterprises (SMEs) for the first time in nearly two years. This...
Financial Institutions Must Reexamine Their Technology Setup
In today’s fast-evolving financial landscape, where customer expectations and technological advancements are constantly shifting, financial institutions must stay ahead of the curve to remain competitive. One crucial step in this...
Cramer Examines Fed Decision, Booming Tech Stocks
In a recent analysis, CNBC’s Jim Cramer delved into the Federal Reserve’s latest decision and the surprising surge in technology stocks. The Fed’s decision to hold interest rates steady and...
Oracle (ORCL) Q4 Earnings Report 2024
Oracle Corporation has announced its fourth-quarter earnings report for fiscal year 2024, revealing mixed results that have nonetheless sparked investor interest. Despite falling short of Wall Street expectations, Oracle’s shares...
Cyprus Banks Doubt Tourism Expectations
Banks in Cyprus are expressing caution regarding the island’s tourism expectations for 2024. Despite a promising start to the year, a lackluster performance in May has led to skepticism about...
Greek Banks’ Rise in the Global Ship Finance Market
Greek banks have made significant strides in the global ship finance market, demonstrating resilience and growth despite challenging conditions. According to the latest annual report by Petrofin Research, Greek banks...
CBN Reassures on Safety of Banking System and Depositors’ Funds
The Central Bank of Nigeria (CBN) has once again reassured the public about the safety and stability of the country’s banking system and the security of depositors’ funds. This reassurance...
Elevate’s Ascent: Securing $5M for Fintech Expansion in South Asia
Elevate, a fintech firm with roots in London and Dubai, has recently announced a successful $5 million funding round. This financial boost is earmarked for expanding its innovative financial services...
Liquidity Challenges: Banks and Others’ Borrowing from CBN Surges 436% to N53.7 Trillion
Amid liquidity challenges in the financial sector, banks and merchant banks have significantly increased their borrowing from the Central Bank of Nigeria (CBN). The total borrowing reached a staggering N53.7...