Interbank Rate in Nigeria remained unchanged at 21.99 percent on Wednesday, April 29. Interbank Rate in Nigeria averaged 12.69 percent from 2006 until 2026, reaching an all time high of 193.95 percent in August of 2017 and a record low of 0.00 percent in May of 2006. source: Central Bank of Nigeria

Interbank Rate in Nigeria is expected to be 21.99 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 19.99 percent in 2027 and 18.49 percent in 2028, according to our econometric models.



Related Last Previous Unit Reference
Cash Reserve Ratio 45.00 45.00 percent Mar 2026
Deposit Interest Rate 11.77 12.01 percent Feb 2026
Foreign Exchange Reserves 49370.00 49440.00 USD Million Apr 2026
Interbank Rate 21.99 21.99 percent Apr 2026
Interest Rate 26.50 26.50 percent Mar 2026
Lending Rate 19.29 19.54 percent Feb 2026
Money Supply M0 5731116.60 5731116.60 NGN Million Feb 2026
Money Supply M1 42823743.31 42332762.94 NGN Million Feb 2026
Money Supply M2 123140377.74 123354746.70 NGN Million Feb 2026
Money Supply M3 123150034.33 123364401.22 NGN Million Feb 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
21.99 21.99 193.95 0.00 2006 - 2026 percent Daily