Welcome, Guest: Register On Nairaland / LOGIN! / Trending / Recent / New
Stats: 3,209,395 members, 8,005,914 topics. Date: Monday, 18 November 2024 at 01:05 PM

Anyone Please! - What CBN Interest Rate Applies To Escrow Account? Ple - Investment - Nairaland

Nairaland Forum / Nairaland / General / Investment / Anyone Please! - What CBN Interest Rate Applies To Escrow Account? Ple (852 Views)

Delisting: 11 Plc (MOBIL) Opens Escrow Account For Payment Of Shareholders / Everyone Should Have An Escrow Account, Protect Yourself From P2P Fraud. / I An Interested In Investing In Real Estate Biz. Experts In The House Advise Ple (2) (3) (4)

(1) (Reply) (Go Down)

Anyone Please! - What CBN Interest Rate Applies To Escrow Account? Ple by Venerable612(m): 6:43pm On Feb 24, 2018
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.
Re: Anyone Please! - What CBN Interest Rate Applies To Escrow Account? Ple by sholatech(m): 7:55pm On Feb 24, 2018
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.
Re: Anyone Please! - What CBN Interest Rate Applies To Escrow Account? Ple by Venerable612(m): 12:05am On Feb 25, 2018
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!
Re: Anyone Please! - What CBN Interest Rate Applies To Escrow Account? Ple by sholatech(m): 1:19am On Feb 25, 2018
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
Re: Anyone Please! - What CBN Interest Rate Applies To Escrow Account? Ple by Venerable612(m): 5:52pm On Feb 25, 2018
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.

(1) (Reply)

Top 10 Banks In Nigeria / Start Earning Cool Cash With Your Mobile Phone / Simple Ways Of Making Money Online

(Go Up)

Sections: politics (1) business autos (1) jobs (1) career education (1) romance computers phones travel sports fashion health
religion celebs tv-movies music-radio literature webmasters programming techmarket

Links: (1) (2) (3) (4) (5) (6) (7) (8) (9) (10)

Nairaland - Copyright © 2005 - 2024 Oluwaseun Osewa. All rights reserved. See How To Advertise. 8
Disclaimer: Every Nairaland member is solely responsible for anything that he/she posts or uploads on Nairaland.