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Nairaland Forum / Nairaland / General / Investment / Anyone Please! - What CBN Interest Rate Applies To Escrow Account? Ple (837 Views)
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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: 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: 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: Many thanks for this brother... cheers. |
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