Nigeria Three Month Interbank Rate (Nibor) was at 10.84 percent on Tuesday January 18. source: Central Bank of Nigeria

Interbank Rate in Nigeria averaged 13 percent from 2007 until 2022, reaching an all time high of 38.96 percent in September of 2013 and a record low of 0 percent in November of 2017. This page provides - Nigeria Interbank Rate- actual values, historical data, forecast, chart, statistics, economic calendar and news. Nigeria Three Month Interbank Rate (Nibor) - values, historical data and charts - was last updated on January of 2022.

Interbank Rate in Nigeria is expected to be 10.84 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Nigeria Three Month Interbank Rate (Nibor) is projected to trend around 11.84 percent in 2023, according to our econometric models.

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Nigeria Three Month Interbank Rate (Nibor)

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 10.84 10.84 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
Nigeria Three Month Interbank Rate (Nibor)
The interbank rate is the rate of interest charged on short-term loans made between banks in the local currency.