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Macro Economic Indicators


Economic Indicators Value As at:
Broad Money Supply (M2) N34,897,619.8million May, 2019
Credit to the Private Sector (CPS) N24,864,713.2million May, 2019
Year-on-Year All Item Inflation Rate 11.4 May, 2019
Average Inter-bank Call Rate 5.00
6/25/2019
Monetary Policy Rate 13.5   5/17/2019
Treasury Bill Rate 91-Day Tenor 10.3
3/20/2019
3-Month Tenor Deposit Rate of Banks 9.15
Apr, 2019
Monthly Average Prime Lending Rate 18.23
Apr, 2019
Spot Price of Nigeria's Reference Crude Oil US$75.8 5/17/2019
Nigeria's Gross External Reserves US$45,074,473,892.9 6/26/2019


Full dates are in the format mm/dd/yyyy
Facts : 1/7/1959
Evolution of Departments:At inception, the organisational structure of the CBN was understandably simple consisting of two departments, namely, the General Manager's and the Secretary's Departments, with the appropriate division of labour as then percieved. The General Manager's Department was responsible for all the Department banking, currency issues, debt management and other operational functions of the bank while the Secretary's Department handled the administrative and staff matters, carried out some research into the economic and financial conditions, and collected and analysed relevant statistics for policy formulation.
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