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Money Market Indicators (In Percentage)

Money Market Indicators (In Percentage)
  2018
Month September October November
Inter-Bank Call Rate 4.57 14.18 7.17
Minimum Rediscount Rate (MRR)
Monetary Policy Rate (MPR) 14.00 14.00 14.00
Treasury Bill Rate 11.00 10.94 10.91
Savings Deposit Rate 4.07 4.07 4.07
1 Month Deposit Rate 8.79 8.71 8.84
3 Months Deposit Rate 9.44 9.47 9.41
6 Months Deposit Rate 9.76 10.15 10.11
12 Months Deposit Rate 10.08 10.46 10.43
Prime Lending rate 16.59 16.53 16.64
Maximum Lending Rate 30.77 30.67 30.80
       

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

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Facts : 1/1/1900
NEEDS:National Economic Empowerment and Development Strategy was developed by the National Planning Commission, then headed by Prof Charles Soludo. It was endorsed by the Federal Executive Council of Nigeria as a poverty-alleviating strategy. The aim of the scheme was to meet the Millenium Developoment Goals of curbing the menace of poverty in Nigeria and bringing it to the barest minimum by the year 2015.
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