Nigeria Three Month Interbank Rate (Nibor) was at 8.47 percent on Friday October 15. source: Central Bank of Nigeria

Interbank Rate in Nigeria averaged 13.03 percent from 2007 until 2021, 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 October of 2021.

Interbank Rate in Nigeria is expected to be 8.47 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Nigeria Three Month Interbank Rate (Nibor) is projected to trend around 9.47 percent in 2022 and 9.97 percent in 2023, according to our econometric models.

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Nigeria Three Month Interbank Rate (Nibor)

Nigeria Last Unit Reference Previous Highest Lowest
Interest Rate 11.50 percent Sep/21 11.50 14.00 6.00
Cash Reserve Ratio 27.50 percent Oct/21 27.50 31.00 1.00
Interbank Rate 8.47 percent Oct/21 8.47 38.96 0.00
Money Supply M1 16408026.85 NGN Million Aug/21 16291049.38 16551196.56 74220.52
Money Supply M0 2778706.01 NGN Million Aug/21 2812103.48 2908462.40 38580.37
Money Supply M2 40744532.18 NGN Million Aug/21 39769833.80 40744532.18 648506.60
Foreign Exchange Reserves 33660.00 USD Million Aug/21 33330.00 62081.86 63.22
Deposit Interest Rate 4.80 percent Aug/21 4.78 27.00 2.00
Lending Rate 11.62 percent Aug/21 11.57 37.80 6.00
Money Supply M3 39789168.03 NGN Million Jul/21 39435900.44 39789168.03 10478417.29

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.