Nigeria Three Month Interbank Rate (Nibor) was at 0.18 percent on Tuesday November 24. source: Central Bank of Nigeria

Interbank Rate in Nigeria averaged 13.36 percent from 2007 until 2020, reaching an all time high of 38.96 percent in September of 2013 and a record low of 0 percent in November of 2017. This page provides - Nigeria Interbank Rate- actual values, historical data, forecast, chart, statistics, economic calendar and news. Nigeria Three Month Interbank Rate (Nibor) - values, historical data and charts - was last updated on November of 2020.

Interbank Rate in Nigeria is expected to be 0.57 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Interbank Rate in Nigeria to stand at 0.57 in 12 months time. In the long-term, the Nigeria Three Month Interbank Rate (Nibor) is projected to trend around 0.57 percent in 2021 and -0.43 percent in 2022, according to our econometric models.

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Nigeria Three Month Interbank Rate (Nibor)

Actual Previous Highest Lowest Dates Unit Frequency
0.18 0.18 38.96 0.00 2007 - 2020 percent Daily

Nigeria Money Last Previous Highest Lowest Unit
Interest Rate 11.50 11.50 14.00 6.00 percent [+]
Cash Reserve Ratio 27.50 27.50 31.00 1.00 percent [+]
Money Supply M0 2427329.31 2395917.03 2442985.64 193939.30 NGN Million [+]
Money Supply M1 13534224.48 12582151.19 13534224.48 396991.90 NGN Million [+]
Money Supply M2 34925003.70 33346630.22 35167529.95 648506.60 NGN Million [+]
Foreign Exchange Reserves 35686.00 35738.00 62081.86 63.22 USD Million [+]
Deposit Interest Rate 4.05 4.31 27.00 2.00 percent [+]
Lending Rate 11.76 14.99 37.80 6.00 percent [+]


Nigeria Three Month Interbank Rate (Nibor)
The interbank rate is the rate of interest charged on short-term loans made between banks in the local currency.