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Macro Economic Indicators

Economic Indicators Value As at:
Broad Money Supply (M2) N27,078,829.1million Dec, 2018
Credit to the Private Sector (CPS) N22,726,583.0million Dec, 2018
Year-on-Year All Item Inflation Rate 11.37 Jan, 2019
Average Inter-bank Call Rate 15.0000
Monetary Policy Rate 14   2/8/2019
Treasury Bill Rate 91-Day Tenor 11
3-Month Tenor Deposit Rate of Banks 9.5
Dec, 2018
Monthly Average Prime Lending Rate 16.17
Dec, 2018
Spot Price of Nigeria's Reference Crude Oil US$62.7 2/8/2019
Nigeria's Gross External Reserves US$42,860,877,993.9 2/14/2019

Full dates are in the format mm/dd/yyyy
Facts : 1/1/1900
Operation Feed the Nation (O.F.N.):Operation Feed the Nation was introduced by the federal military government headed by General Olusegun Obasanjo in 1979.It had the specific focus of increasing food production on the premise that availability of cheap food would ensure a higher nutrition level and invariably lead to national growth and development.OFN lasted till the civilian government of Alhaji Shehu Shagari in 1979.
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