Every night, banks lend money to each other. Until now, Nigeria had no single standardized public rate based on actual transactions to show what banks were really charging each other.
CBN just launched one. Itโs called the Nigerian Overnight Financing Rate (NOFR). It gets published regularly so the whole market can see it.
Over time, this rate will influence how banks price everything from money market products to the interest you earn on deposits. When the number is public, pricing gets harder to hide.
The US has SOFR (Secured Overnight Financing Rate). UK has SONIA (Sterling Overnight Index Average). South Africa has JIBAR (Johannesburg Interbank Average Rate). Nigeria now has NOFR.
@lifeofchibs If for some reason the police wants to move crazy unto the small drills they give this rapist, i go foot the bills unto any lega fallback on these young men doing the lords work
Omo what do you people want from her again? this is going too far . She has apologized and heโs still asking for Millions because of a common lie. If she dies, her blood will be on your heads. Every single one of you!
@emoEddi@sydor_greg The committee has conferred and while the plight of the Seminole people is acknowledged, this application is denied. We will reconsider if the ownerโs portfolio also contains a Buc-ees, a strip club with mechanical bulls, and/or a Tedโs Montana Grillโฆ
@Osasdave4701 Air Hostess: Please Disembark from the Flight โ๏ธ
Benin and warri People: You are a cultist ๐๐
Boat Cruise
Captain we are sailing from Lagos to Onne
Warri and Benin People: you are a cultist ๐
Soilder Training
Command are you Rugged?
Benin/warri People: you are a cultist