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Money Market Indicators (In Percentage)

Money Market Indicators (In Percentage)
  2019
Month June July August
Inter-Bank Call Rate 8.38 6.52 8.00
Minimum Rediscount Rate (MRR)
Monetary Policy Rate (MPR) 13.50 13.50 13.50
Treasury Bill Rate 9.93 9.92 10.89
Savings Deposit Rate 3.93 3.93 3.93
1 Month Deposit Rate 8.81 8.16 8.30
3 Months Deposit Rate 9.10 8.85 8.93
6 Months Deposit Rate 10.84 10.37 10.19
12 Months Deposit Rate 10.57 10.18 9.82
Prime Lending rate 15.80 15.46 15.40
Maximum Lending Rate 31.04 31.07 31.04
       

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

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Facts : 1/1/1962
Central Bank of Nigeria, Kano Branch:In 1962,the first Central Bank Branch was established in Kano and opened for business in the same year.This brought to 2, the number of Central Bank offices in Nigeria at that time.
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