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Inter-Bank Rates

DateRate TypeRate RangeWeighted Average
1/10/2024Call Rate24.00-24.0024.00
1/9/2024OBB Rate4.00 - 12.006.38
Call Rate10.00 - 10.0010.00
1/8/2024OBB Rate2.00 - 10 004.32
Call Rate2.00 - 10 004.29
1/5/2024OBB Rate5.00 - 15.759.12
Call Rate1.00 - 10.001.00
1/4/2024OBB Rate10.00 - 15.0011.73
1/3/2024OBB Rate10.00 - 15.7514.05
8-35 Days17.00 - 17.0017.00
Call Rate15.75 - 15.7515.75
1/2/2024OBB Rate10.00 - 15.7513.85
12/29/2023OBB Rate11.50 - 16.0015.54
8-35 Days15.00 - 15.0015.00
4-7 Days15.00 - 16.0015.38
12/28/2023OBB Rate14.00 - 16.5015.71
Call Rate15.75 - 15.7515.75
12/27/2023OBB Rate14.00 - 16.0015.09
12/22/2023OBB Rate5.00 - 15.7513.04
12/21/2023OBB Rate8.00 - 15.7513.18
12/20/2023OBB Rate13.00 - 16.0015.25
12/19/2023OBB Rate15.00 - 23.0018.37
12/18/2023OBB Rate15.75 - 24.0022.32
12/15/2023OBB Rate22.00 - 24.7523.30
12/14/2023OBB Rate15.50-25.7521.04
12/13/2023OBB Rate15.00-17.0015.91
4-7 Days17.00-17.0017.00
12/12/2023OBB Rate15.00 - 17.0015.78
Call Rate15.75 - 15.7515.75
12/11/2023OBB Rate15.50 - 20.0016.28
Call Rate16.00 - 16.0016.00
12/8/2023OBB Rate15.75 - 20.0017.91
12/7/2023OBB Rate16.20 - 27.0024.11
Call Rate24.00 - 24.0024.00
12/6/2023OBB Rate15.00 - 17.0016.10
Call Rate16.00 - 16.0016.00
12/5/2023OBB Rate15.00 - 17.0015.76
Call Rate16.00 - 17.0016.66
12/4/2023OBB Rate15.00 - 17.0015.84
Call Rate16.00 - 16.0016.00


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Facts : 1/7/1959
Evolution of Departments:At inception, the organisational structure of the CBN was understandably simple consisting of two departments, namely, the General Manager's and the Secretary's Departments, with the appropriate division of labour as then percieved. The General Manager's Department was responsible for all the Department banking, currency issues, debt management and other operational functions of the bank while the Secretary's Department handled the administrative and staff matters, carried out some research into the economic and financial conditions, and collected and analysed relevant statistics for policy formulation.
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