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Money Market Indicators (In Percentage)

Money Market Indicators (In Percentage)
  2009
Month May June July
Inter-Bank Call Rate 13.17 18.60 18.10
Minimum Rediscount Rate (MRR)
Monetary Policy Rate (MPR) 8.00 8.00 6.00
Treasury Bill Rate 3.27 3.32 3.93
Savings Deposit Rate 2.60 2.67 2.40
1 Month Deposit Rate 11.68 11.69 14.81
3 Months Deposit Rate 11.66 12.63 12.86
6 Months Deposit Rate 12.11 13.12 13.32
12 Months Deposit Rate 11.63 12.67 13.23
Prime Lending rate 18.75 19.08 19.34
Maximum Lending Rate 22.01 22.67 22.80
       

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Note: The Bank replaced MRR with MPR on December 11, 2006

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Facts : 9/23/1975
Mallam Adamu Ciroma:Mallam Adamu Ciroma was appointed the third Nigerian Governor of the Central Bank of Nigeria, from September 23rd, 1975 to June 27th, 1977. He later served as the Minister of Finance in the first Obasanjo democratic administration
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