What NOFR means for Nigeria’s financial markets, and why it matters now

The Nigerian Overnight Financing Rate (NOFR) marks a significant step in improving how money is priced in Nigeria’s financial system. Introduced by the Central Bank of Nigeria (CBN) in collaboration with the Financial Markets Dealers Association (FMDA) and supported by the European Bank for Reconstruction and Development (EBRD), NOFR provides a transparent, transaction-based benchmark derived […]