Nigeria Interest Rate - Forecast

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 14.00 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.


Nigeria Interest Rate
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Nigeria Money Last Q1/18 Q2/18 Q3/18 Q4/18 2020
Interest Rate 14 14 14 14 14 12
Cash Reserve Ratio 22.5 22.05 21.58 21.13 22 20
Money Supply M0 1896157 1857721 1853268 1848530 1771520 1811767
Money Supply M1 10115050 10117862 10099541 10077430 10054748 9787958
Money Supply M2 22311118 22305203 22279669 22250031 22220006 21864439
Foreign Exchange Reserves 37920 36332 37000 38500 39000 21000
Deposit Interest Rate 7.5 9.53 9.47 9.42 9.34 11.1
Lending Rate 17.88 17.72 17.66 17.6 16 16