₦airaland Forum

I have Searched tirelessly on google, and I couldn’t find the information.

Please advice on the CBN interest rate which applies to Escrow Accounts in Nigeria: and what guideline I can find the information.

I really need this information ASAP..... please!!! I would appreciate a link to the information.

Thanks a bunch.

There is no special cbn rate for escrow. Same way no specific interest rate for all Nigerian Banks. You can take a cue from CBN MRR or average of Nigerian Banks interest rates to agree rate with the escrow manager/operator.

sholatech:
There is no special cbn rate for escrow. Same way no specific interest rate for all Nigerian Banks. You can take a cue from CBN MRR or average of Nigerian Banks interest rates to agree rate with the escrow manager/operator.

Awesome.

Could you please refer me to the present guideline for Bank interest rate? Or the MRR? If they are different. Apologies, i don’t know much about the banking sector.


I can’t thank you enough!

Venerable612:
Awesome.

Could you please refer me to the present guideline for Bank interest rate? Or the MRR? If they are different. Apologies, i don’t know much about the banking sector.


I can’t thank you enough!

CBN MPR is currently 14%. You can get this from their website www.cenbank.gov.ng:
http://www.cenbank.gov.ng/rates/mnymktind.asp

sholatech:
CBN MPR is currently 14%. You can get this from their website www.cenbank.gov.ng:
http://www.cenbank.gov.ng/rates/mnymktind.asp

Many thanks for this brother... cheers.