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.

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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

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deposit interest rate by Country

Country	Last		Previous	Highest	Lowest
Turkey	22.50	Sep/18	22.5	398	1.5	%	Monthly
Argentina	21.55	Dec/17	18.95	17236	3.01	%	Yearly
Brazil	8.51	Dec/17	12.4	9394	7.81	%	Yearly
South Africa	7.25	Dec/17	7.17	18.86	5.15	%	Yearly
Russia	5.13	Jul/18	5.2	102	5	%	Monthly
Indonesia	5.00	Sep/18	4.75	56	3	%	Monthly
Mexico	2.70	Dec/17	1.29	94.96	0.59	%	Yearly
Saudi Arabia	2.65	Oct/18	2.65	9.04	0.5	%	Monthly
Australia	1.90	Sep/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	Sep/18	0.5	4.25	0	%	Monthly
China	0.35	Sep/18	0.35	3.15	0.35	%	Monthly
Japan	0.32	Dec/17	0.3	5.5	0.04	%	Yearly
Singapore	0.14	Dec/17	0.19	10.71	0.14	%	Yearly
Canada	0.10	Dec/17	0.1	15.96	0.05	%	Yearly
Switzerland	-0.32	Aug/18	-0.32	9.75	-0.34	%	Monthly
Euro Area	-0.40	Sep/18	-0.4	3.75	-0.4	%	Monthly