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Money Market Indicators (In Percentage)

Money Market Indicators (In Percentage)
  2013
Month September October November
Inter-Bank Call Rate 16.88 11.08 11.22
Minimum Rediscount Rate (MRR)
Monetary Policy Rate (MPR) 12.00 12.00 12.00
Treasury Bill Rate 10.91 10.80 10.80
Savings Deposit Rate 2.43 2.39 2.53
1 Month Deposit Rate 7.61 7.72 8.06
3 Months Deposit Rate 7.41 7.54 8.26
6 Months Deposit Rate 6.90 7.32 8.12
12 Months Deposit Rate 4.58 4.71 6.51
Prime Lending rate 16.76 17.10 17.17
Maximum Lending Rate 25.11 24.90 25.00
       

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

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Facts : 1/1/1900
Central Banking:The earliest known bank of issue is the Riksbank of Sweden (1656). Modern central banking started with Bank of England (1694). Central Bank of Nigeria began operations in 1959.
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