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

Deposit Interest Rate in Nigeria increased to 9.60 percent in 2017 from 7.50 percent in 2016. Deposit Interest Rate in Nigeria averaged 11.33 percent from 1980 until 2017, reaching an all time high of 23.24 percent in 1993 and a record low of 5.27 percent in 1980.

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 1957219.31 1668378.21 2179174.28 193939.30 NGN Million [+]
Money Supply M1 10670629.00 10912604.10 11271506.82 396991.90 NGN Million [+]
Money Supply M2 24520634.88 24303049.86 24520634.88 648506.60 NGN Million [+]
Foreign Exchange Reserves 47622.00 47360.00 62081.86 63.22 USD Million [+]
Deposit Interest Rate 9.60 7.50 23.24 5.27 percent [+]
Lending Rate 17.24 17.35 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 June of 2018.

Actual Previous Highest Lowest Dates Unit Frequency
9.60 7.50 23.24 5.27 1980 - 2017 percent Yearly




deposit interest rate by Country
Country Last
Turkey 16.25 Jun/18
Brazil 8.51 Dec/17
Russia 7.01 Dec/16
Indonesia 4.00 May/18
Australia 1.90 May/18
South Korea 1.67 Dec/17
Mexico 1.29 Dec/16
China 0.35 May/18
Japan 0.30 Dec/16
United Kingdom 0.25 Apr/18
Canada 0.10 Dec/16
Switzerland -0.32 Apr/18
Euro Area -0.40 Jun/18


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