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Money Market Indicators (In Percentage)

Money Market Indicators (In Percentage)
  2016
Month October November December
Inter-Bank Call Rate 36.42 15.21 10.39
Minimum Rediscount Rate (MRR)
Monetary Policy Rate (MPR) 14.00 14.00 14.00
Treasury Bill Rate 13.96 13.99 13.97
Savings Deposit Rate 4.08 4.28 4.18
1 Month Deposit Rate 8.26 8.48 8.53
3 Months Deposit Rate 8.25 8.63 8.80
6 Months Deposit Rate 8.27 9.63 10.23
12 Months Deposit Rate 6.25 10.14 10.76
Prime Lending rate 17.10 17.06 17.09
Maximum Lending Rate 27.69 28.53 28.55
       

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

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Facts : 1/1/1900
International Monetary Fund:The International Monetary Fund was established in 1945 to promote the health of the world economy with 29 countries sigining the Articles of Agreement. Nigeria joined the IMF in 1961,which now has 184 members with its headquarters in Washington D.C., USA.
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