Interbank Rate in Nigeria increased to 24.63 percent on Wednesday November 12 from 24.53 in the previous day. Interbank Rate in Nigeria averaged 12.46 percent from 2006 until 2025, 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 22.63 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 14.63 percent in 2027 and 12.63 percent in 2028, according to our econometric models.



Related Last Previous Unit Reference
Cash Reserve Ratio 45.00 45.00 percent Dec 2025
Deposit Interest Rate 11.82 10.82 percent Dec 2025
Foreign Exchange Reserves 46110.00 45450.00 USD Million Jan 2026
Interbank Rate 24.63 24.53 percent Nov 2025
Interest Rate 27.00 27.00 percent Dec 2025
Lending Rate 18.02 18.89 percent Dec 2025
Money Supply M0 5732860.29 5261793.44 NGN Million Dec 2025
Money Supply M1 42142000.42 40527791.37 NGN Million Dec 2025
Money Supply M2 124400185.00 122940404.13 NGN Million Dec 2025
Money Supply M3 124409844.52 122950064.18 NGN Million Dec 2025


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
24.63 24.53 193.95 0.00 2006 - 2025 percent Daily