The Shift from Estimates to Real Data: Understanding the New CBN Nigerian Overnight Financing Rate (NOFR)

In a decisive move to align Nigeria’s financial ecosystem with international best practices, the Central Bank of Nigeria (CBN), under Governor Olayemi Cardoso, has officially launched the Nigerian Overnight Financing Rate (NOFR). Developed in collaboration with the Financial Markets Dealers Association (FMDA) and backed by technical support from the European Bank for Reconstruction and Development (EBRD), this new transaction-based benchmark interest rate marks a fundamental shift in how short-term liquidity and corporate credit will be priced across the nation.

What Does It Mean to Own Land in Nigeria? Title, Proof, and the Documents That Actually Protect You

Financing a Free Zone Business in Nigeria: What Lenders and Investors Must Know

Nigeria's free zones offer tax exemptions, foreign exchange freedom, and unrestricted profit repatriation, a compelling proposition for lenders and investors. But the free zone legal environment is specialised, and security that looks robust on paper can unravel at enforcement. The Banking & Finance team at FJKO breaks down what financiers must know before committing capital.