CBN announces Nigerian financial rate to compete with US, EU

The Central Bank of Nigeria (CBN), in collaboration with financial market dealers, has introduced the Nigerian Overnight Financing Rate (NOFR), a standardized benchmark designed to enhance transparency and strengthen monetary policy transmission. This was disclosed in a statement issued on Friday by the apex bank’s spokesperson, Hakama Sidi Ali. According to the CBN, the NOFR […] CBN announces Nigerian financial rate to compete with US, EU

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