Explainer: What CBN’s new market rule means and why it matters

Nigeria’s cardinal slope has erstwhile again rolled retired a caller argumentation aimed astatine boosting transparency, improving the pricing of money, reducing opacity, and aligning the state with planetary marketplace standards.  At its halfway is the precocious introduced Nigerian Overnight Financing Rate (NOFR), a notation rate. Like substance prices successful the existent economy, benchmark rates enactment […]

read much Explainer: What CBN’s caller marketplace regularisation means and wherefore it matters