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Money Market Indicators (In Percentage)
  - 2010
Month May June July
Inter-Bank Call Rate 4.94 2.73 3.59
Minimum Rediscount Rate (MRR)
Monetary Policy Rate (MPR) 6.00 6.00 6.00
Treasury Bill Rate 1.63 2.29 2.94
Savings Deposit Rate 2.92 1.95 1.62
1 Month Deposit Rate 5.86 4.51 3.68
3 Months Deposit Rate 6.22 4.98 4.50
6 Months Deposit Rate 5.31 4.85 5.74
12 Months Deposit Rate 6.31 4.90 4.93
Prime Lending rate 18.77 17.65 17.40
Maximum Lending Rate 22.56 22.03 22.27
       

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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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