NIBOR is not the only fixing in the market. NIBOR is the money market benchmark, with two (2) other fixings available for Treasury bills and Foreign Exchange; NITTY – Nigerian Inter-bank Treasury Bills’
True Yields and NAFEX – Nigerian Autonomous Foreign Exchange Rate Fixings, respectively.
However, FMDQ, shall from time to time, review the market’s need for other benchmarks and introduce same in compliance with international best practices.