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Money Market Indicators (In Percentage)

Money Market Indicators (In Percentage)
  2012
Month October November December
Inter-Bank Call Rate 11.42 11.86 11.88
Minimum Rediscount Rate (MRR)
Monetary Policy Rate (MPR) 12.00 12.00 12.00
Treasury Bill Rate 12.94 12.60 11.77
Savings Deposit Rate 1.76 1.65 1.66
1 Month Deposit Rate 7.95 8.40 8.15
3 Months Deposit Rate 8.72 8.94 9.15
6 Months Deposit Rate 8.11 8.39 10.87
12 Months Deposit Rate 6.21 6.17 10.63
Prime Lending rate 16.48 16.51 16.54
Maximum Lending Rate 24.65 24.70 24.61
       

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

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Facts : 1/1/1900
Agric Credit Guarantee Scheme:The Agricultural Credit Guarantee Scheme (ACGS) was established in 1977, under the management of the Central Bank of Nigeria. The scheme was designed to encourage banks to increase lending to the agricultural sector by providing guarantee against inherent risks.
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