DINNER PARTY INTEL: Stockpiling becomes a thing as Brexit looms
Four out of 10 Brits are stockpiling food, medicine and clothes in their homes
1. Start lending or hand it over, banks are told
To boost growth, Nigeria is giving its banks a choice: lend more money, or hand it over to the central bank and earn nothing on it, Bloomberg reports. Commercial banks have until September to use at least 60% of their deposits for loans. Those that don’t will have their cash-reserve requirements increased, meaning they’ll be forced to park more money at the central bank.