Money Market

JPMorgan Chase Unveils the First Digital Coin by a Bank

Culled—proshare 21/2/2019/Content & Image by Meristem On the 14th of February 2019, JP Morgan Chase, world’s no 1 investment bank, with an asset size of c.USD2.6trn, became the first bank to create and successfully test a digital coin which will be backed by a fiat currency. The digital coin, according […]

Forex: CBN ‘Buoys’ Market With $210m

Culled—Proshare February 20, 2019/CBN Press Release  The Central Bank of Nigeria (CBN) has made a fresh injection of $210 million into the inter-bank foreign exchange market in its determination to boost supply in that sector of the market.  Figures released by the Bank on Tuesday, February 19, 2019, indicated that […]

MCB Group Wants to Position Itself as Strategic Partner of Kenya Businesses

February 20, 2019/MCB Mauritian-based MCB Group (www.MCB.mu), through its representative office situated on the 7th Floor of Pramukh Towers, Westlands, in Nairobi, aims at positioning itself as a strategic partner of businesses in Kenya and East Africa. The Group’s new representative office has been officially opened on 30th January and has given […]