Minit Money provides an easy-to-use consumer digital remittance app that leverages blockchain technology to make sending money easy, fast and low-cost November 3, 2023/Minit Money Blockchain remittance app Minit Money announced today that it has opened its first Southern Africa remittance corridor, enabling Zambians living in South Africa to easily […]
Money Market
Bank of England Maintained Rate at 5.25% in November 2023
November 2, 2023/Bank of England Monetary Policy Summary, November 2023 The Bank of England’s Monetary Policy Committee (MPC) sets monetary policy to meet the 2% inflation target, and in a way that helps to sustain growth and employment. At its meeting ending on 1 November 2023, the MPC voted by […]
Deposit Money Banks’ Credit Growth Boosted by FX Devaluation
November 2, 2023/FBNQuest Research According to the CBN’s most recent Quarterly Statistical Bulletin (QSB) for Q2 ’23, deposit money banks (DMB) total credit lending to the economy rose sharply by 24% q/q (+40% y/y) to NGN37.5trn in Jun ’23. This compares with a slight contraction of -1% q/q in the […]
