Deposit Interest Rate in Nigeria increased to 9.89 percent in May from 9.17 percent in April of 2026. Deposit Interest Rate in Nigeria averaged 9.43 percent from 1970 until 2026, reaching an all time high of 27.00 percent in September of 1993 and a record low of 2.00 percent in April of 1976. source: Central Bank of Nigeria
Deposit Interest Rate in Nigeria is expected to be 9.89 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Deposit Interest Rate in Nigeria is projected to trend around 7.89 percent in 2027 and 6.39 percent in 2028, according to our econometric models.