Deposit Interest Rate in Nigeria 1980-2018 | Data | Chart | Calendar

Deposit Interest Rate in Nigeria decreased to 7.50 percent in 2016 from 9.10 percent in 2015. Deposit Interest Rate in Nigeria averaged 11.38 percent from 1980 until 2016, reaching an all time high of 23.24 percent in 1993 and a record low of 5.27 percent in 1980.

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Nigeria Money	Last	Previous	Highest	Lowest	Unit
Interest Rate	14.00	14.00	14.00	6.00	percent	[+]
Cash Reserve Ratio	22.50	22.50	31.00	1.00	percent	[+]
Money Supply M0	1937337.46	1945444.20	2179174.28	193939.30	NGN Million	[+]
Money Supply M1	10730861.71	10779943.77	11271506.82	396991.90	NGN Million	[+]
Money Supply M2	24019092.23	23831915.72	24019092.23	648506.60	NGN Million	[+]
Foreign Exchange Reserves	46210.00	41820.00	62081.86	63.22	USD Million	[+]
Deposit Interest Rate	7.50	9.10	23.24	5.27	percent	[+]
Lending Rate	17.88	17.69	37.80	6.00	percent	[+]

Deposit Interest Rate in Nigeria

The Deposit Interest Rate is the average rate paid by commercial banks to individuals or corporations on deposits. This page includes a chart with historical data for Deposit Interest Rate in Nigeria. Deposit Interest Rate in Nigeria - actual data, historical chart and calendar of releases - was last updated on April of 2018.

	Actual	Previous	Highest	Lowest	Dates	Unit	Frequency
	7.50	9.10	23.24	5.27	1980 - 2016	percent	Yearly

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deposit interest rate by Country

Country	Last		Previous	Highest	Lowest
Brazil	12.40	Dec/16	12.62	9394	7.81	%	Yearly
Turkey	7.25	Mar/18	7.25	398	1.5	%	Monthly
Russia	7.01	Dec/16	9.19	102	3.79	%	Yearly
Indonesia	3.50	Apr/18	3.5	56	3	%	Monthly
Australia	1.90	Mar/18	1.9	17.25	1.9	%	Monthly
South Korea	1.56	Dec/16	1.8	19.5	1.56	%	Yearly
Mexico	1.29	Dec/16	0.59	94.96	0.59	%	Yearly
China	0.35	Mar/18	0.35	3.15	0.35	%	Monthly
Japan	0.30	Dec/16	0.4	5.5	0.04	%	Yearly
United Kingdom	0.25	Mar/18	0.25	4.25	0	%	Monthly
Canada	0.10	Dec/16	0.1	15.96	0.05	%	Yearly
Switzerland	-0.32	Feb/18	-0.3	9.75	-0.34	%	Monthly
Euro Area	-0.40	Mar/18	-0.4	3.75	-0.4	%	Monthly