Cardoso launches Nigerian Overnight Financing Rate

•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 […] The post Cardoso launches Nigerian Overnight Financing Rate appeared first on Vanguard News.

By Urowayino Jeremiah