CBN, Finacial Market Dealers Announce Overnight Financing Dates

The Central Bank of Nigeria (CBN), in collaboration with the Financial Markets Dealers Association (FMDA), has announced the introduction of the Nigerian Overnight Financing Rate (NOFR), a standardized benchmark aimed at enhancing transparency, strengthening monetary policy transmission, and deepening Nigeria’s money market. The CBN said NOFR was developed to align Nigeria with global best practices […]

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