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    8 views3 pages

    Some Economic Indices For Nigeria

    Uploaded by

    Anonymous qv0nWXu

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    of 3

    Inflation rates from 2006-2019

    Year Jan Feb Mar Apr May June July Aug Sept Oct Nov Dec

    2006 10.70 10.80 12.00 12.60 10.50 8.50 3.00 3.70 6.30 6.10 7.80 8.50

    2007 8.00 7.10 5.20 4.20 4.60 6.40 4.80 4.20 4.10 4.60 5.20 6.60

    2008 8.60 8.00 7.80 8.20 9.70 12.00 14.00 12.40 13.00 14.70 14.80 15.10

    2009 14.00 14.60 14.40 13.30 13.20 11.20 11.10 11.00 10.40 11.6 12.40 13.90

    2010 14.40 15.60 14.80 15.00 12.90 14.10 13.00 13.70 13.60 13.40 12.80 11.80

    2011 12.10 11.10 12.80 11.30 12.40 10.20 9.40 9.30 10.30 10.50 10.50 10.30

    2012 12.60 11.90 12.10 12.90 12.70 12.90 12.80 11.70 11.30 11.70 12.30 12.00

    2013 9.00 9.50 8.60 9.10 9.00 8.40 8.70 8.20 8.00 7.80 7.90 8.00

    2014 8.00 7.70 7.80 7.90 8.00 8.20 8.30 8.50 8.30 8.10 7.90 8.00

    2015 8.20 8.40 8.50 8.70 9.00 9.20 9.20 9.30 9.40 9.30 9.37 9.55

    2016 9.62 11.38 12.77 13.72 15.58 16.48 17.13 17.61 17.85 18.33 18.48 18.55

    2017 18.72 17.78 17.26 17.24 16.25 16.10 16.05 16.01 15.98 15.91 15.90 15.37

    2018 15.13 14.33 13.34 12.48 11.61 11.23 11.14 11.23 11.28 11.26 11.28 11.44

    2019 11.37 11.31 11.25 11.37

    Source: www.cbn.gov.ng
    Monetary Policy Rates (MPR) from 2006-2016

    Year Jan Feb Mar Apr May Jun Jul Aug Sept Oct Nov Dec

    2006 13.00 13.00 13.00 13.00 13.00 14.00 14.00 14.00 14.00 14.00 14.00 10.00

    2007 10.00 10.00 10.00 10.00 10.00 8.00 8.00 8.00 8.00 9.00 9.00 9.50

    2008 9.50 9.50 9.50 10.00 10.00 10.25 10.25 10.25 9.75 9.75 9.75 9.75

    2009 9.75 9.75 9.75 8.00 8.00 8.00 6.00 6.00 6.00 6.00 6.00 6.00

    2010 6.00 6.00 6.00 6.00 6.00 6.00 6.00 6.00 6.25 6.25 6.25 6.25

    2011 6.50 6.50 7.50 7.50 8.00 8.00 8.75 8.75 9.25 12.00 12.00 12.00

    2012 12.00 12.00 12.00 12.00 12.00 12.00 12.00 12.00 12.00 12.00 12.00 12.00

    2013 12.00 12.00 12.00 12.00 12.00 12.00 12.00 12.00 12.00 12.00 12.00 12.00

    2014 12.00 12.00 12.00 12.00 12.00 12.00 12.00 12.00 12.00 12.00 13.00 13.00

    2015 13.00 13.00 13.00 13.00 13.00 13.00 13.00 13.00 13.00 13.00 11.00 11.00

    2016 11.00 11.00 12.00 12.00 12.00 12.00 14.00 14.00 14.00 14.00 14.00 14.00

    2017 14.00 14.00 14.00 14.00 14.00 14.00 14.00 14.00 14.00 14.00 14.00 14.00

    2018 14.00 14.00 14.00 14.00 14.00 14.00 14.00 14.00 14.00 14.00 14.00 14.00
    2019 14.00 14.00 13.50

    Source: www.cbn.gov.ng

    Prime lending rate is the average interest rate used by banks, it is the interest rate at which they lend to their favoured customers

    Maximum lending rate is the average of the highest lending rates charged by deposit money banks in Nigeria

    Our prime lending rate is between 15 – 18 % while our maximum lending rate is between 27 – 31%

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