CBN Directs Banks To Issue, Accept Old, Redesigned Naira Banknotes

Following the order of the Supreme Court on Wednesday, November 29, 2023, granting the prayer of the Minister of Justice and Attorney-General of the Federation to extend the use of old Naira banknotes ad infinitum, the Central Bank of Nigeria (CBN) has directed all its branches to continue to issue and accept all denominations of Nigerian

FMDQ Markets YoY Turnover Increases By 60.27% To ₦8.16trn

According to the FMDQ Securities Exchange Limited, secondary market turnover on FMDQ Exchange in October 2023 was ₦21.70trn, representing a month-on-month (MoM) decrease  of 6.75% (₦1.57trn) and year-on-year (YoY) increase of 60.27% (₦8.16trn) from the turnover recorded in September  2023 and October 2022, respectively.