Deposit Interest Rate in Nigeria  1970-2018 | Data | Chart | Calendar

Deposit Interest Rate in Nigeria decreased to 8.77 percent in August from 9.61 percent in July of 2018. Deposit Interest Rate in Nigeria averaged 9.64 percent from 1970 until 2018, reaching an all time high of 27 percent in September of 1993 and a record low of 2 percent in April of 1976.

Deposit Interest Rate in Nigeria
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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 1928744.27 1824826.08 2179174.28 193939.30 NGN Million [+]
Money Supply M1 10448156.83 10668002.07 11271506.82 396991.90 NGN Million [+]
Money Supply M2 24859346.47 24971101.93 25169014.19 648506.60 NGN Million [+]
Foreign Exchange Reserves 45909.00 47250.00 62081.86 63.22 USD Million [+]
Deposit Interest Rate 8.77 9.61 27.00 2.00 percent [+]
Lending Rate 16.65 16.83 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 October of 2018.

Actual Previous Highest Lowest Dates Unit Frequency
8.77 9.61 27.00 2.00 1970 - 2018 percent Monthly




deposit interest rate by Country
Country Last
Turkey 22.50 Sep/18
Argentina 21.55 Dec/17
Brazil 8.51 Dec/17
South Africa 7.25 Dec/17
Russia 5.13 Jul/18
Indonesia 5.00 Sep/18
Mexico 2.70 Dec/17
Saudi Arabia 2.65 Oct/18
Australia 1.90 Sep/18
South Korea 1.67 Dec/17
United Kingdom 0.50 Sep/18
China 0.35 Sep/18
Japan 0.32 Dec/17
Singapore 0.14 Dec/17
Canada 0.10 Dec/17
Switzerland -0.32 Aug/18
Euro Area -0.40 Sep/18


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