Lending Rate in Nigeria decreased to 16.53 percent in October from 16.59 percent in September of 2018. Lending Rate in Nigeria averaged 14.10 percent from 1961 until 2018, reaching an all time high of 37.80 percent in September of 1993 and a record low of 6 percent in April of 1975.
Lending Rate in Nigeria is expected to be 16.65 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Lending Rate in Nigeria to stand at 16.15 in 12 months time. In the long-term, the Nigeria Lending Rate is projected to trend around 14.65 percent in 2020, according to our econometric models.