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Data & Statistics

Data & Statistics | All CBN Publications


Money Market Indicators (In Percentage)
  - 2011
Month January February March
Inter-Bank Call Rate 6.13 8.38 9.33
Minimum Rediscount Rate (MRR)
Monetary Policy Rate (MPR) 6.50 6.50 7.50
Treasury Bill Rate 7.49 7.09 8.27
Savings Deposit Rate 1.51 1.48 1.41
1 Month Deposit Rate 3.86 3.83 4.21
3 Months Deposit Rate 5.02 4.60 5.38
6 Months Deposit Rate 3.98 4.33 4.46
12 Months Deposit Rate 4.39 3.73 4.25
Prime Lending rate 15.73 15.75 15.81
Maximum Lending Rate 21.75 21.88 22.02
       

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

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Facts : 1/1/1990
Guidlines for Licensed Banks:In 1990, the CBN introduced a set of Prudential guidelines for licensed banks which were complimentary to the capital adequacy requirement and statement of accounting standards. The guidelines spelt out the criteria to be adopted by banks in classifying non-performing loans.
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