Nigeria Annual Interest Rates

Nigeria’s annual Monetary Policy Rate (MPR) stood at 13.5% as at 2019. The MPR was pegged at 14% for more than three years from July, 2016 to February, 2019. However, it was revised down by the Committee to 13.5% in March, 2019.

The MPR is the rate at which the Central Bank of Nigeria lends to the deposit money banks

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