Interbank Rate in Nigeria increased to 20 percent on Tuesday October 27 from 19.96 in the previous day. Interbank Rate in Nigeria averaged 12.93 percent from 2006 until 2026, reaching an all time high of 193.95 percent in August of 2017 and a record low of 0 percent in May of 2006. source: Central Bank of Nigeria

Interbank Rate in Nigeria is expected to be 20.00 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Nigeria OBB Rate is projected to trend around 17.00 percent in 2027 and 15.00 percent in 2028, according to our econometric models.



Related Last Previous Unit Reference
Cash Reserve Ratio 45.00 45.00 percent Sep 2026
Deposit Interest Rate 10.33 10.34 percent Sep 2026
Foreign Exchange Reserves 54910.00 53310.00 USD Million Sep 2026
Interbank Rate 20.00 19.96 percent Oct 2026
Interest Rate 23.00 26.50 percent Sep 2026
Lending Rate 19.04 17.86 percent Sep 2026
Money Supply M0 5517640.81 5436319.24 NGN Million Sep 2026
Money Supply M1 44047951.55 43110865.88 NGN Million Sep 2026
Money Supply M2 141002818.10 139080450.43 NGN Million Sep 2026
Money Supply M3 146602412.15 139090130.95 NGN Million Sep 2026


Nigeria OBB Rate
The interbank rate is the rate of interest charged on short-term loans made between banks in the local currency.
Actual Previous Highest Lowest Dates Unit Frequency
20.00 19.96 193.95 0.00 2006 - 2026 percent Daily