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Macro Economic Indicators

Economic Indicators Value As at:
Money Supply (M3) N67,184,679.2million Sep, 2023
Credit to Other Sectors N58,600,496.4million Sep, 2023
Year-on-Year All Item Inflation Rate 27.33 Oct, 2023
Average Inter-bank Call Rate 16.00
Monetary Policy Rate 18.75   12/1/2023
Treasury Bill Rate 91-Day Tenor 8
3-Month Tenor Deposit Rate of Banks 7.52
Sep, 2023
Monthly Average Prime Lending Rate 14.32
Sep, 2023
Spot Price of Nigeria's Reference Crude Oil US$79.9 12/1/2023

Full dates are in the format mm/dd/yyyy
Facts : 1/1/1900
Federal Ministry of Finance:The Federal Ministry of Finance (FMF) advises the Federal Government on its fiscal operations and collaborates with the Central Bank of Nigeria (CBN) on monetary matters. Before 1991, the responsibility for the supervision and licensing of banks was shared between FMF and CBN until 1991 when CBN became the sole authority.
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