Nigeria: Cardoso Launches Nigeria Overnight Financing Rate to Boost Confidence, Price Discovery, Market Stability

June 16, 2026
[This Day] Abuja -- Governor of the Central Bank of Nigeria (CBN), Mr. Olayemi Cardoso, yesterday launched the Nigeria Overnight Financing Rate (NOFR) to significantly deepen Foreign Exchange (FX) market stability, strengthen price discovery, and boost investor confidence.

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