Nigerians are exhibiting stronger savings behavior amid rising macroeconomic uncertainty, as Quasi-Money rose by 3.65% month-on-month to $46.99 billion in March 2025, up from $45.33 billion recorded in February 2025.
Quasi-money, also called near money, refers to financial assets that are not actual cash but can quickly and easily be converted into cash without losing much value.
They are highly liquid and often earn interest, but you can’t use them directly for payments like you would with physical cash or money in a chequing/current account.
Read more at Nairametrics
Quasi-money, also called near money, refers to financial assets that are not actual cash but can quickly and easily be converted into cash without losing much value.
They are highly liquid and often earn interest, but you can’t use them directly for payments like you would with physical cash or money in a chequing/current account.
Read more at Nairametrics