Interest Rate in Nigeria is expected to be 14.00 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Interest Rate in Nigeria to stand at 13.50 in 12 months time. In the long-term, the Nigeria Interest Rate is projected to trend around 12.00 percent in 2020, according to our econometric models.


Forecast Data Chart
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Nigeria Money Last Q4/18 Q1/19 Q2/19 Q3/19 2020
Interest Rate 14 14 14 13.75 13.5 12
Cash Reserve Ratio 22.5 22.5 22.5 22.5 22.5 20
Money Supply M0 1956009 1771520 1907031 1948845 1910493 1811767
Money Supply M1 11130261 11042841 11044720 11051578 11048110 11049333
Money Supply M2 25713708 25934987 26370829 26799201 27225639 30978051
Foreign Exchange Reserves 42128 55300 41525 41078 40790 57000
Deposit Interest Rate 9.44 8.77 8.77 8.52 8.27 6.77
Lending Rate 16.65 16.65 16.65 16.4 16.15 14.65
Money Supply M3 33607642 34614839 35350214 36080111 36806405 43190514