Dike Onwuamaeze
The Association of Corporate Treasurers of Nigeria (ACTN) has declared that the Central Bank of Nigeria (CBN) reforms have laid robust basis for companies to hedge their exposures and make investments with confidence.
These reforms, in accordance to ACTN, embody the announcement of Nigerian Overnight Financing Rate (NOFR), unification of the overseas change market, the transfer to a willing-buyer, willing-seller regime, the introduction of the Electronic Foreign Exchange Matching System, the clearing of the overseas change backlog and a agency return to orthodox financial coverage targeted on worth stability.
These have been acknowledged yesterday in Lagos by the President of ACTN, Mr. Adeyinka Ogunnubi, throughout a press convention to announce the 2026 Treasury360 Conference, Exhibition & Corporate Treasury Awards, which can maintain in Lagos on November 26 and 27, 2026.
The theme of the convention is ‘The Intelligent Treasury: Evolving from Reactive to Proactive Foresight Through AI, Automation and Predictive Decision-Making’.
Ogunnubi, who can be the Group Treasurer, CFAO, urged the CBN to proceed to deepen clear and environment friendly monetary markets.
He stated, “The reforms of current years, and the arrival of NOFR, have laid robust foundations. Building on them with a wider vary of financing and risk-management instruments will assist companies hedge their exposures and make investments with confidence.
“This is why ACTN absolutely welcomed and supported the financial coverage reforms undertaken by the CBN.
He described these reforms as troublesome selections whose results have been felt in each boardroom, company earnings assertion, stability sheet and hopefully in each family as effectively.
“But they were the right foundations for a market that prices risk honestly, and many of the businesses represented here today are now planning in a far more predictable environment than they were three years ago,” he stated.
Ogunnubi added that the ACTN additionally welcomed one other vital step taken by the CBN, which is the introduction of the NOFR, in collaboration with the Financial Markets Dealers Association.
He stated, “For too lengthy, Nigerian monetary contracts have been priced off a patchwork of various reference charges.
“Borrowers and lenders have typically been left asking a easy query: which price is the actual price of cash?
“NOFR offers a clear answer. It is derived from actual overnight secured transactions, not estimates, and it places Nigeria alongside global benchmarks such as SOFR in the United States and SONIA in the United Kingdom.”
He expressed hope that the launching of NOFR would settle, as soon as and for all, the dialog a couple of single reference price in Nigeria.
According to him, “a reputable, transaction-based benchmark brings rigour to mortgage pricing, readability to monetary documentation and a standard basis for hedging and danger administration.
“For company treasurers, the work now could be adoption: understanding how NOFR will function in our amenities, our contracts and our forecasts.
“ACTN is committed to supporting our members through that transition, and Treasury360 will be one of the places where that conversation takes shape.”
Ogunnubi additionally introduced that the keynote audio system for Treasury360 2026 convention are the Managing Director of Financial Derivatives Company Limited, Mr Bismarck J. Rewane; Founder and Chief Operating Officer, Convexity Technologies Limited, Mr. Adedeji Owonibi; Co-Founder and Chief Executive Officer of CEDE Technologies, Mr. Akin Afolabi and Founder and Chief Executive Officer of Multigate, Mr. Eghosa Nehikhare.
