NOFR: CBN eyes more capital inflows, predictable lending rates for businesses, households

THE Central Bank of Nigeria (CBN) has launched a new benchmark rate called the Nigerian Overnight Financing Rate (NOFR). This rate was created with the Financial Markets Dealers Association (FMDA) to make Nigeria’s money market better and bring it in line with global standards. In a statement signed by Acting Director of Corporate Communications, Hakama […]

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