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Macro Economic Indicators

Economic Indicators Value As at:
Broad Money Supply (M2) N33,809,565.1million Mar, 2019
Credit to the Private Sector (CPS) N23,955,192.7million Mar, 2019
Year-on-Year All Item Inflation Rate 11.37 Apr, 2019
Average Inter-bank Call Rate 6.57
Monetary Policy Rate 13.5   5/3/2019
Treasury Bill Rate 91-Day Tenor 10.3
3-Month Tenor Deposit Rate of Banks 9.48
Mar, 2019
Monthly Average Prime Lending Rate 14.92
Mar, 2019
Spot Price of Nigeria's Reference Crude Oil US$72.7 5/3/2019
Nigeria's Gross External Reserves US$45,004,529,059.8 5/16/2019

Full dates are in the format mm/dd/yyyy
Facts : 3/1/1970
ORGANISATION AND GROWTH:In March, 1970, the Board of Directors employed the services of W.H. Rozell (Junior), a consultant, to, among other things, review the existing structure and size of the Bank Departments. In the same year, Rozell proposed a new organisational structure for the CBN.
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