23

Nov

African Exchanges Linkage Project goes live on cross-border trading

The African Exchanges Linkage Project (AELP) has gone live on integrating the African capital markets by facilitating cross-border trading and free movement of investments in the continent through the AELP Link platform. The go-live happened when the platform was officially switched on at 0000 UTC. The interconnectivity platform enables the trading of exchange-listed securities across 7 participating […]

23

Nov

Currency Redesign: CBN launches countdown clock

The Central Bank of Nigeria (CBN) has launched a countdown clock showing when the old naira would stop being a legal tender.  The countdown clock is visible on the home page of the CBN’s website and it shows January 31, 2023, as the deadline for the N200, N500, and N1,000 notes to “remain legal tenders.”  The CBN has directed commercial banks[…]