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Money Market Indicators (In Percentage)

Money Market Indicators (In Percentage)
  2017
Month June July August
Inter-Bank Call Rate 13.46 12.28 22.63
Minimum Rediscount Rate (MRR)
Monetary Policy Rate (MPR) 14.00 14.00 14.00
Treasury Bill Rate 13.50 13.46 13.35
Savings Deposit Rate 4.08 4.08 4.08
1 Month Deposit Rate 8.65 8.85 8.86
3 Months Deposit Rate 9.01 9.71 10.14
6 Months Deposit Rate 10.68 11.24 11.51
12 Months Deposit Rate 11.15 10.27 11.40
Prime Lending rate 17.59 17.65 17.69
Maximum Lending Rate 30.94 30.94 31.20
       

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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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