Deposit Interest Rate in Nigeria decreased to 4.05 percent in August from 4.31 percent in July of 2020. source: Central Bank of Nigeria

Deposit Interest Rate in Nigeria averaged 9.57 percent from 1970 until 2020, 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 November of 2020.

Deposit Interest Rate in Nigeria is expected to be 4.05 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Deposit Interest Rate in Nigeria to stand at 4.05 in 12 months time. In the long-term, the Deposit Interest Rate in Nigeria is projected to trend around 4.05 percent in 2021 and 3.05 percent in 2022, according to our econometric models.

Ok
Trading Economics members can view, download and compare data from nearly 200 countries, including more than 20 million economic indicators, exchange rates, government bond yields, stock indexes and commodity prices.

The Trading Economics Application Programming Interface (API) provides direct access to our data. It allows API clients to download millions of rows of historical data, to query our real-time economic calendar, subscribe to updates and receive quotes for currencies, commodities, stocks and bonds.

API Features Documentation Interested? Click here to contact us
Please Paste this Code in your Website
width
height
 Preview
Deposit Interest Rate in Nigeria

Actual Previous Highest Lowest Dates Unit Frequency
4.05 4.31 27.00 2.00 1970 - 2020 percent Monthly

Nigeria Money Last Previous Highest Lowest Unit
Interest Rate 11.50 11.50 14.00 6.00 percent [+]
Cash Reserve Ratio 27.50 27.50 31.00 1.00 percent [+]
Money Supply M0 2427329.31 2395917.03 2442985.64 193939.30 NGN Million [+]
Money Supply M1 13534224.48 12582151.19 13534224.48 396991.90 NGN Million [+]
Money Supply M2 34925003.70 33346630.22 35167529.95 648506.60 NGN Million [+]
Foreign Exchange Reserves 35686.00 35738.00 62081.86 63.22 USD Million [+]
Deposit Interest Rate 4.05 4.31 27.00 2.00 percent [+]
Lending Rate 11.76 14.99 37.80 6.00 percent [+]


Deposit Interest Rate in Nigeria
The Deposit Interest Rate is Nigeria refers to Weighted Average 3 Month Deposit Rates in Commercial Banks.