Nigeria Three Month Interbank Rate (Nibor) decreased to 11.23 percent on Tuesday July 16 from 11.84 percent in the previous trading day. Interbank Rate in Nigeria averaged 13.91 percent from 2007 until 2019, reaching an all time high of 38.96 percent in September of 2013 and a record low of 0 percent in November of 2017.
Interbank Rate in Nigeria is expected to be 12.43 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 12.43 in 12 months time. In the long-term, the Nigeria Three Month Interbank Rate (Nibor) is projected to trend around 13.43 percent in 2020, according to our econometric models.