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Money Market Indicators (In Percentage)

Money Market Indicators (In Percentage)
  2014
Month October November December
Inter-Bank Call Rate 10.98 8.98 24.30
Minimum Rediscount Rate (MRR)
Monetary Policy Rate (MPR) 12.00 13.00 13.00
Treasury Bill Rate 9.83 9.82 10.80
Savings Deposit Rate 3.43 3.43 3.46
1 Month Deposit Rate 8.52 8.56 8.58
3 Months Deposit Rate 9.33 9.70 9.48
6 Months Deposit Rate 9.50 9.79 9.77
12 Months Deposit Rate 9.23 9.46 9.51
Prime Lending rate 16.48 16.47 15.88
Maximum Lending Rate 25.75 25.74 25.91
       

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

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Facts : 1/1/1900
BOFIA:In 1991, the Bank s and Other Financial Institutions Act (BOFIA) formerly BOFI was promulgated to replace the CBN Act of 1958 and the Banking Decree of 1969 (including later amendments). The policy brought the non-bank financial intermediaries under the supervision of Central Bank of Nigeria.
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