Cardoso launches Nigerian Overnight Financing Rate

Vanguard News — Jun 16, 06:12 AM

•Provides benchmark for pricing loans, deposits By Emma Ujah, Abuja Bureau Chief 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 financial market.

The NOFR is a daily benchmark interest rate introduced by the CBN in collaboration with […]

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