Lending Rate in Nigeria decreased to 11.13 percent in March from 11.21 percent in February of 2021. source: Central Bank of Nigeria

Lending Rate in Nigeria averaged 14.11 percent from 1961 until 2021, reaching an all time high of 37.80 percent in September of 1993 and a record low of 6 percent in April of 1975. This page provides - Nigeria Lending Rate- actual values, historical data, forecast, chart, statistics, economic calendar and news. Nigeria Lending Rate - values, historical data and charts - was last updated on November of 2021.

Lending Rate in Nigeria is expected to be 11.61 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Nigeria Lending Rate is projected to trend around 12.61 percent in 2022 and 13.11 percent in 2023, according to our econometric models.

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Nigeria Lending Rate

Related Last Previous Unit Reference
Interest Rate 11.50 11.50 percent Nov/21
Cash Reserve Ratio 27.50 27.50 percent Nov/21
Interbank Rate 11.09 11.09 percent Nov/21
Money Supply M1 15948090.75 16408026.85 NGN Million Sep/21
Money Supply M0 2837063.77 2778706.01 NGN Million Sep/21
Money Supply M2 40414584.97 40744532.18 NGN Million Sep/21
Foreign Exchange Reserves 41750.00 36260.00 USD Million Oct/21
Deposit Interest Rate 5.02 4.80 percent Oct/21
Lending Rate 11.61 11.73 percent Oct/21
Money Supply M3 39789168.03 39435900.44 NGN Million Jul/21