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Money Market Indicators (In Percentage)

Money Market Indicators (In Percentage)
  2018
Month October November December
Inter-Bank Call Rate 14.18 7.17 22.68
Minimum Rediscount Rate (MRR)
Monetary Policy Rate (MPR) 14.00 14.00 14.00
Treasury Bill Rate 10.94 10.91 0.00
Savings Deposit Rate 4.07 4.07 4.07
1 Month Deposit Rate 8.71 8.84 8.99
3 Months Deposit Rate 9.47 9.41 9.50
6 Months Deposit Rate 10.15 10.11 10.49
12 Months Deposit Rate 10.46 10.43 10.33
Prime Lending rate 16.53 16.64 16.17
Maximum Lending Rate 30.67 30.80 30.52
       

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

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Facts : 8/15/1967
Dr Clement Nyong Isong:Dr. Clement Nyong Isong was appointed the second Nigerian Governor of Central Bank of Nigeria, from August 15, 1967 to September 22nd, 1975. He also served as the Governor of the old Cross River State.
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