Cardoso launches Nigerian overnight financing rate

Cardoso launches Nigerian overnight financing rate

By Emma Ujah, Abuja Bureau Chief The Governor of the Central Bank of Nigeria (CBN), Olayemi Cardoso, has launched the Nigerian Overnight Financing Rate (NOFR), saying financial systems must continue to evolve to meet changing economic realities. The NOFR is a daily benchmark interest rate introduced by the CBN in collaboration with the Financial Markets […]
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Crude oil prices fall as US–Iran peace deal boosts global markets

Crude oil prices fall as US–Iran peace deal boosts global markets

Oil prices fell sharply on Monday while global equities rallied after the United States and Iran announced a deal to end their conflict and reopen the Strait of Hormuz, easing fears of supply disruptions. The two countries confirmed the agreement following a mediation effort by Pakistan, with a formal signing ceremony expected in Switzerland on […]

UK to ban social media access for children under 16

UK to ban social media access for children under 16

British Prime Minister Keir Starmer has announced plans to introduce a total ban on social media access for children under the age of 16, citing concerns over child safety and mental health impacts.