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Money Market Indicators (In Percentage)

Money Market Indicators (In Percentage)
  2021
Month September October November
Inter-Bank Call Rate 13.21 13.33 11.53
Minimum Rediscount Rate (MRR)
Monetary Policy Rate (MPR) 11.50 11.50 11.50
Treasury Bill Rate 2.50 2.50 2.50
Savings Deposit Rate 1.28 1.28 1.83
1 Month Deposit Rate 3.71 3.80 3.72
3 Months Deposit Rate 4.65 5.02 4.96
6 Months Deposit Rate 5.83 5.61 5.36
12 Months Deposit Rate 6.72 7.40 7.34
Prime Lending rate 11.73 11.61 11.80
Maximum Lending Rate 27.10 27.10 27.26
       

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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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