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 Q3/18 Q4/18 Q1/19 Q2/19 2020
Interest Rate 14 14 14 14 14 12
Cash Reserve Ratio 22.5 22.5 22 22.5 22.5 20
Money Supply M0 1930696 1891011 1771520 1894030 1941244 1811767
Money Supply M1 11226313 11181327 11181369 11182039 11182257 11182319
Money Supply M2 25169014 25691551 26131580 26570589 27007600 31268160
Foreign Exchange Reserves 47630 50900 55300 52948 53832 21000
Deposit Interest Rate 9.6 9.6 9.6 9.6 9.6 7.6
Lending Rate 17.08 17.08 17.08 17.08 17.08 15.08