The Central Bank of Nigeria (CBN), in partnership with the Financial Markets Dealers Association (FMDA), has unveiled the Nigerian Overnight Financing Rate (NOFR) as the country’s new money market benchmark.
Tensions in the Middle East escalated on Saturday as Iran announced the closure of the Strait of Hormuz, accusing the United States of violating prior agreements amid a continuing naval blockade.
The Central Bank of Nigeria (CBN), in partnership with the Financial Markets Dealers Association (FMDA), has unveiled the Nigerian Overnight Financing Rate (NOFR) as the country’s new money market benchmark.