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Money Market Indicators (In Percentage)

Money Market Indicators (In Percentage)
  2023
Month June July August
Inter-Bank Call Rate 11.66 6.73 3.89
Minimum Rediscount Rate (MRR)
Monetary Policy Rate (MPR) 18.50 18.75 18.75
Treasury Bill Rate 3.87 4.45 5.13
Savings Deposit Rate 5.18 5.24 5.26
1 Month Deposit Rate 7.15 7.11 7.31
3 Months Deposit Rate 7.68 7.62 7.55
6 Months Deposit Rate 8.54 8.25 8.30
12 Months Deposit Rate 7.83 7.81 8.13
Prime Lending rate 13.85 13.98 13.99
Maximum Lending Rate 28.94 27.38 27.59
       

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

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Facts : 1/1/1965
Central Bank of Nigeria, Ibadan Branch:In the year 1965, The Central Bank of Nigeria,Ibadan Branch was opened for business.It was the third Central Bank office that was established and it brought to 4, the number of Central Bank offices in Nigeria at that time.
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