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Data & Statistics | All CBN Publications

Money Market Indicators (In Percentage)
  - 2011
Month October November December
Inter-Bank Call Rate 13.07 15.58 15.85
Minimum Rediscount Rate (MRR)
Monetary Policy Rate (MPR) 12.00 12.00 12.00
Treasury Bill Rate 15.00 14.53 14.27
Savings Deposit Rate 1.41 1.40 1.41
1 Month Deposit Rate 6.31 6.52 6.58
3 Months Deposit Rate 7.06 7.41 6.80
6 Months Deposit Rate 5.66 5.69 5.63
12 Months Deposit Rate 4.90 5.28 7.12
Prime Lending rate 16.49 16.82 16.75
Maximum Lending Rate 23.32 23.35 23.21
       

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

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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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