• Says global financial markets moving away from subjective, judgment-based benchmarks towards transaction-based reference rates that reflect actual market activity

By Emma Ujah, Abuja Bureau Chief The Governor of the Central Bank of Nigeria (CBN), Olayemi Cardoso, has launched the Nigerian Overnight Financing Rate (NOFR), saying financial…

The Central Bank of Nigeria launches the Nigerian Overnight Financing Rate (NOFR) to boost financial market credibility, transparency, and monetary policy

• Says global financial markets moving away from subjective, judgment-based benchmarks towards transaction-based reference rates that reflect actual market activity

The Governor of the Central Bank of Nigeria (CBN), Mr. Olayemi Cardoso, yesterday, launched the Nigerian Overnight Financing Rate (NOFR), to guarantee greater transparency in the…