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Money Market Indicators (In Percentage)

Money Market Indicators (In Percentage)
  2023
Month January February March
Inter-Bank Call Rate 10.35 12.54 14.75
Minimum Rediscount Rate (MRR)
Monetary Policy Rate (MPR) 17.50 17.50 18.00
Treasury Bill Rate 1.39 2.09 3.81
Savings Deposit Rate 4.29 4.30 4.58
1 Month Deposit Rate 8.18 7.56 7.12
3 Months Deposit Rate 8.76 7.78 7.63
6 Months Deposit Rate 7.35 8.91 9.35
12 Months Deposit Rate 7.79 8.84 7.84
Prime Lending rate 13.67 13.62 13.97
Maximum Lending Rate 27.63 28.75 28.08
       

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

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Facts : 9/23/1975
Mallam Adamu Ciroma:Mallam Adamu Ciroma was appointed the third Nigerian Governor of the Central Bank of Nigeria, from September 23rd, 1975 to June 27th, 1977. He later served as the Minister of Finance in the first Obasanjo democratic administration
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