Author: Daily Post Nigeria

Super Eagles midfielder Alex Iwobi has shared the differences between playing for Nigeria and playing for England.

Iwobi, who played for England at various youth levels before chosing Nigeria at senior level, mentioned things like Nigerian players paying for their flights sometimes, power outages, and pairing of players in a hotel room.

Speaking on the Beast Mode On podcast, Iwobi reflected on the contrasting experiences between England’s structured setup and Nigeria’s more unpredictable environment.

“Always an honour. Nigeria and England are two different setups. With England, there’s a strict itinerary—you stick to it, you stick to the time, you’re never late,” Iwobi said.

“Obviously, it’s one to a room, and the fans are a bit more controlled; you sign autographs.

“Nigeria—don’t get me wrong, I love playing for my country. However, sometimes you have to book your own flight, sometimes you have to pay for your upgrade. No NEPA (electricity) when that goes.”

Despite representing England at several youth levels, Iwobi saw his progression stall due to limited first-team opportunities at Arsenal.

‘You book your flights, no NEPA’ – Iwobi shares differences between playing for England, Nigeria

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The Central Bank of Nigeria (CBN), in collaboration with the Financial Markets Dealers Association (FMDA), has announced the introduction of the Nigerian Overnight Financing Rate (NOFR), a new benchmark designed to enhance transparency, improve monetary policy transmission, and deepen the country’s money market.

The CBN disclosed that the NOFR aligns Nigeria’s financial system with global best practices in short-term interest rate benchmarks.

The rate is expected to improve price discovery, ensure greater transparency, and promote consistent pricing across money market instruments.

According to a statement issued by the CBN’s Acting Director of Corporate Communications, Hakama Sidi Ali, the benchmark will also strengthen the effectiveness of monetary policy, support financial innovation, boost investor confidence, and enhance risk management across the financial system.

With the launch of NOFR, Nigeria joins jurisdictions that operate similar benchmarks, including the Secured Overnight Financing Rate (SOFR) in the United States, the Sterling Overnight Index Average (SONIA) in the United Kingdom, the Euro Short-Term Rate (€STR) in the Eurozone, and the Tokyo Overnight Average Rate (TONA) in Japan.

It also complements African benchmarks such as the Johannesburg Interbank Average Rate (JIBAR) in South Africa.

The benchmark follows a stakeholder engagement session held on February 27, 2026, during which market participants formally adopted the rate.

After securing regulatory approval, NOFR has now come into operation, with the CBN designated as its administrator.

The apex bank stated that it will ensure robust governance, transparency, and the regular publication of the rate to support market confidence and integrity.

CBN Unveil Overnight Financing Rate To Boost Market Transparency is first published on The Whistler Newspaper