CBN, FMDA introduce standardized benchmark to enhance transparency, deepen money market

Promptnewsonline | 18-04-2026 09:36am |

By Tony Obiechina, Abuja The Central Bank of Nigeria (CBN), in collaboration with the Financial Markets Dealers Association (FMDA), on Friday announced the introduction of the Nigerian Overnight Financing Rate (NOFR), a standardized benchmark aimed at enhancing transparency, strengthening monetary policy transmission, and deepening Nigeria’s money market. In a statement by CBN Director of Corporate

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