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CBN prepares to mop up N4.69tn as liquidity rises

The Central Bank of Nigeria is set to withdraw N4.69tn from the financial system after liquidity rose sharply to N8.84tn ahead of its latest OMO sale. Read More: https://punchng.com/cbn-prepares-to-mop-up-n4-69tn-as-liquidity-rises/

CBN prepares to mop up N4.69tn as liquidity rises

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Australia’s card surcharge ban forces cafes, shops into price increases

Ross Surace is preparing to raise the price of a coffee by 50 Australian cents and a panini by A$1 (US$0.70) when the country bans credit card surcharge fees starting on Thursday. The co-owner of Lennox Street Deli in Melbourne’s Moonee Ponds neighbourhood said bank-imposed card fees already cost his business more than A$1,000 (US$690) a…

Demand for AI chips fuels 83.5% surge in South Korean exports

South Korea is home to key players in the booming global AI industry, including memory-chip giant Samsung Electronics.

  • South Korean exports rose 83.5% in September to US$120.94 billion
  • AI chip demand drove export surge, with Samsung Electronics and SK hynix leading
  • Computer exports jumped 435.3%, reaching US$7 billion

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