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Money Market Indicators (In Percentage)

Money Market Indicators (In Percentage)
  2019
Month January February March
Inter-Bank Call Rate 15.00 16.45 11.50
Minimum Rediscount Rate (MRR)
Monetary Policy Rate (MPR) 14.00 14.00 13.50
Treasury Bill Rate 10.98 10.91 10.42
Savings Deposit Rate 4.07 4.07 3.97
1 Month Deposit Rate 9.00 9.05 9.15
3 Months Deposit Rate 9.69 9.68 9.48
6 Months Deposit Rate 10.65 10.34 10.09
12 Months Deposit Rate 10.66 10.74 10.23
Prime Lending rate 16.01 16.08 14.92
Maximum Lending Rate 30.48 30.56 30.83
       

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

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Facts : 2/1/1933
Indigenous Banking in Nigeria:The story of indegenous banking in Nigeria began with the establishment of the National Bank of Nigeria Limited in February 1933.
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