CBN Introduces Nigerian Overnight Financing Rate
By Oluwakemi Kindness The Central Bank of Nigeria (CBN) has announced the introduction of the Nigerian Overnight Financing Rate (NOFR). The NOFR, in collaboration with the Financial Markets Dealers Association (FMDA), is a standardized benchmark aimed at enhancing transparency, strengthening monetary policy transmission, and deepening Nigeria’s money market.The Central Bank of Nigeria (CBN) has announced […]