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Published 25 May 2021
The Monetary Policy Committee is expected to retain the lending rate after its two-day meeting which ends on Tuesday (today), according experts.
After the last meeting in March, the MPC retained the Monetary Policy Rate at 11.5 per cent.
It also retained the Cash Reserve Ratio and Liquidity Ratio at 27.5 per cent and 30 per cent respectively.
A professor of economics, Babcock University and past President, Chartered Institute of Bankers of Nigeria, Prof. Segun Ajibola, said he expected retention of the rates.
He said, “I expect retention because I have not seen major shift in the fundamentals, the liquidity ratio, the cash reserve ratio, the MPR.
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In the past, artificial intelligence was just something relegated to science fiction propagated by books and movies.
Self-driving cars, a toothbrush that tells you the best way to brush your teeth, a voice recognition software that unlocks your phone, your face unlocking your laptop and other devices – all these were only scenes from sci-fi books and movies.
By way of definition, the American technology giant International Business Machines Corporation defines AI as referring to any human-like intelligence exhibited by a computer, robot, or other machines.
In popular usage, AI refers to the ability of a computer or machine to mimic the capabilities of the human mind – learning from examples and experience, recognising objects, understanding and responding to language, making decisions, solving problems – and combining these and other capabilities to perform functions a human might perform, such as greeting a hotel guest or driving a car.
Power is nothing without control - Part 2 - The News Chronicle thenews-chronicle.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thenews-chronicle.com Daily Mail and Mail on Sunday newspapers.
By Funmi Ogundare
It was celebration all the way at the Babcock UniversIty Centre for Executive Development (BCED), as 17 of its 27 pioneer students in Church Administration became the first fruits of collaboration between Church Administrators Society of Nigeria (CASON) and the university.
Speaking during the graduation ceremony held recently in Ilishan-Remo, Ogun State, the Vice- Chancellor, Professor Ademola Tayo enjoined them not to rest on their oars, but aim to get to the zenith of knowledge.
He admonished them as church workers to acquire more knowledge to do well in the ministry.
He congratulated the faculty, as well as CASON for finding the institution worthy to partner with.
Power is nothing without control – The News Chronicle thenews-chronicle.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thenews-chronicle.com Daily Mail and Mail on Sunday newspapers.