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.

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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	1930695.53	1957219.31	2179174.28	193939.30	NGN Million	[+]
Money Supply M1	11226313.09	10670629.00	11271506.82	396991.90	NGN Million	[+]
Money Supply M2	25169014.19	24520634.88	25169014.19	648506.60	NGN Million	[+]
Foreign Exchange Reserves	47250.00	47630.00	62081.86	63.22	USD Million	[+]
Deposit Interest Rate	9.60	7.50	23.24	5.27	percent	[+]
Lending Rate	17.08	17.24	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 August of 2018.

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

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deposit interest rate by Country

Country	Last		Previous	Highest	Lowest
Turkey	16.25	Jul/18	16.25	398	1.5	%	Monthly
Brazil	8.51	Dec/17	12.4	9394	7.81	%	Yearly
Russia	7.01	Dec/16	9.19	102	3.79	%	Yearly
Indonesia	4.75	Aug/18	4.5	56	3	%	Monthly
Mexico	2.70	Dec/17	1.29	94.96	0.59	%	Yearly
Australia	1.90	Jul/18	1.9	17.25	1.9	%	Monthly
South Korea	1.67	Dec/17	1.56	19.5	1.56	%	Yearly
United Kingdom	0.50	Aug/18	0.25	4.25	0	%	Monthly
China	0.35	Jul/18	0.35	3.15	0.35	%	Monthly
Japan	0.30	Dec/16	0.4	5.5	0.04	%	Yearly
Canada	0.10	Dec/16	0.1	15.96	0.05	%	Yearly
Switzerland	-0.32	Jun/18	-0.32	9.75	-0.34	%	Monthly
Euro Area	-0.40	Jul/18	-0.4	3.75	-0.4	%	Monthly