The Securities and Exchange Commission (SEC) of Nigeria has introduced a comprehensive framework to guide the recapitalisation of the banking sector. This initiative, driven by the Central Bank of Nigeria...
Category: Finance
Islamic Banking Turnover in Egypt Reaches EGP 701bn in March 2024
The Islamic banking sector in Egypt has shown remarkable growth, with its turnover reaching EGP 701 billion by the end of March 2024. This represents a substantial increase of EGP...
Future of Cash Secured for Now as Banks and Retailers Bail Out Armaguard
In a significant move to secure the future of cash transactions in Australia, a deal has been reached between Armaguard, major banks, and the country’s largest retailers. This agreement, which...
Major Banking Shares Down as SBI, Axis Bank All Trade in Red
In a significant downturn, major banking shares, including those of State Bank of India (SBI) and Axis Bank, have traded in the red. This decline comes amid broader market volatility...
Taxing Big Tech to Support the Universal Service Fund
As the digital landscape evolves, the debate over how to fund the Universal Service Fund (USF) has intensified. The USF, which supports broadband access in underserved areas, is currently funded...
Glimmering Prospects: Gold’s Ascent to $3000/Oz Amidst Central Bank Acquisitions
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...
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...