Nigeria Three Month Interbank Rate (Nibor) decreased to 15.21 percent on Friday December 14 from 15.24 percent in the previous trading day. Interbank Rate in Nigeria averaged 13.97 percent from 2007 until 2018, 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 13.88 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 13.38 in 12 months time. In the long-term, the Nigeria Three Month Interbank Rate (Nibor) is projected to trend around 11.88 percent in 2020, according to our econometric models.

Nigeria Three Month Interbank Rate (Nibor)
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Nigeria Money Last Previous Highest Lowest Unit
Interest Rate 14.00 14.00 14.00 6.00 percent [+]
Cash Reserve Ratio 22.50 22.50 31.00 1.00 percent [+]
Money Supply M0 1956009.42 1926382.16 2179174.28 193939.30 NGN Million [+]
Money Supply M1 11130260.91 10681493.86 11271506.82 396991.90 NGN Million [+]
Money Supply M2 25713707.60 25277071.26 25713707.60 648506.60 NGN Million [+]
Foreign Exchange Reserves 41992.00 42128.00 62081.86 63.22 USD Million [+]
Deposit Interest Rate 9.47 9.44 27.00 2.00 percent [+]
Lending Rate 16.53 16.59 37.80 6.00 percent [+]
Money Supply M3 35116968.08 34255438.69 35116968.08 10478417.29 NGN Million [+]


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. This page provides - Nigeria Interbank Rate- actual values, historical data, forecast, chart, statistics, economic calendar and news. Nigeria Three Month Interbank Rate (Nibor) - actual data, historical chart and calendar of releases - was last updated on December of 2018.

Actual Previous Highest Lowest Dates Unit Frequency
15.21 15.24 38.96 0.00 2007 - 2018 percent Daily




Country Last Previous
Argentina 63.41 Nov/18
Turkey 24.12 Dec/18
Mexico 8.25 Nov/18
Russia 8.10 Oct/18
Indonesia 7.71 Dec/18
South Africa 7.15 Dec/18
India 6.73 Dec/18
China 3.64 Dec/18
United States 2.79 Dec/18
Saudi Arabia 2.74 Oct/18
Canada 2.29 Dec/18
Australia 2.24 Nov/18
South Korea 1.89 Dec/18
Singapore 1.77 Dec/18
United Kingdom 0.90 Dec/18
Japan -0.11 Dec/18
France -0.32 Nov/18
Germany -0.32 Nov/18
Italy -0.32 Nov/18
Netherlands -0.32 Oct/18
Euro Area -0.36 Dec/18
Spain -0.38 Dec/18
Switzerland -0.74 Dec/18


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