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Money Market Indicators (In Percentage)

Money Market Indicators (In Percentage)
  2017
Month July August September
Inter-Bank Call Rate 12.28 22.63 20.44
Minimum Rediscount Rate (MRR)
Monetary Policy Rate (MPR) 14.00 14.00 14.00
Treasury Bill Rate 13.46 13.35 13.20
Savings Deposit Rate 4.08 4.08 4.08
1 Month Deposit Rate 8.85 8.86 9.11
3 Months Deposit Rate 9.71 10.14 10.26
6 Months Deposit Rate 11.24 11.51 11.46
12 Months Deposit Rate 10.27 11.40 11.70
Prime Lending rate 17.65 17.69 17.88
Maximum Lending Rate 30.94 31.20 31.39
       

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

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Facts : 1/1/1900
Federal Ministry of Finance:The Federal Ministry of Finance (FMF) advises the Federal Government on its fiscal operations and collaborates with the Central Bank of Nigeria (CBN) on monetary matters. Before 1991, the responsibility for the supervision and licensing of banks was shared between FMF and CBN until 1991 when CBN became the sole authority.
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