Data and Statistics

Money Market Indicators (In Percentage)
	- 2008
Month	October	November	December
Inter-Bank Call Rate	14.09	15.77	12.17
Minimum Rediscount Rate (MRR)
Monetary Policy Rate (MPR)	9.75	9.75	9.75
Treasury Bill Rate	7.72	6.90	5.61
Savings Deposit Rate	2.79	2.78	2.92
1 Month Deposit Rate	12.42	12.33	11.65
3 Months Deposit Rate	12.94	12.79	12.26
6 Months Deposit Rate	13.15	12.98	12.45
12 Months Deposit Rate	13.08	12.84	12.41
Prime Lending rate	14.81	14.58	15.26
Maximum Lending Rate	19.19	20.45	21.15

Click the small arrows to move the data one or three months forwards or backwards within the year in display. Note: The Bank replaced MRR with MPR on December 11, 2006
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Facts : 7/1/1959
BOARD OF DIRECTORS:The Management of the CBN is placed under a Board of Directors which is responsible for the Policy and General administration of the Affairs and Business of the Bank.Under the original statute,the Board was composed of the Governor as Chairman,a Deputy Governor and Five other Directors all of whom were appointed by the Federal Government.
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