Deposit Interest Rate in Nigeria increased to 4.44 percent in April from 4.41 percent in March of 2022. source: Central Bank of Nigeria
Deposit Interest Rate in Nigeria averaged 9.40 percent from 1970 until 2022, reaching an all time high of 27 percent in September of 1993 and a record low of 2 percent in April of 1976. This page includes a chart with historical data for Deposit Interest Rate in Nigeria. Deposit Interest Rate in Nigeria - values, historical data and charts - was last updated on June of 2022.
Deposit Interest Rate in Nigeria is expected to be 4.44 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Deposit Interest Rate in Nigeria is projected to trend around 5.94 percent in 2023 and 4.44 percent in 2024, according to our econometric models.