Lending Rate in Nigeria decreased to 11.61 percent in October from 11.73 percent in September of 2021. source: Central Bank of Nigeria

Lending Rate in Nigeria averaged 14.09 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 January of 2022.

Lending Rate in Nigeria is expected to be 12.61 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 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 Dec/21
Cash Reserve Ratio 27.50 27.50 percent Jan/22
Interbank Rate 8.27 8.27 percent Jan/22
Money Supply M1 17081031.93 16553042.48 NGN Million Nov/21
Money Supply M0 3148591.60 2965985.43 NGN Million Nov/21
Money Supply M2 42572203.40 41369902.01 NGN Million Nov/21
Foreign Exchange Reserves 40530.00 41190.00 USD Million Dec/21
Deposit Interest Rate 5.02 4.80 percent Oct/21
Money Supply M3 42576322.34 41370835.30 NGN Million Nov/21
Lending Rate 11.61 11.73 percent Oct/21