The benchmark interest rate in Nigeria was last recorded at 13.50 percent. Interest Rate in Nigeria averaged 11.13 percent from 2007 until 2019, reaching an all time high of 14 percent in July of 2016 and a record low of 6 percent in July of 2009. source: Central Bank of Nigeria
Interest Rate in Nigeria is expected to be 13.50 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Interest Rate in Nigeria to stand at 14.00 in 12 months time. In the long-term, the Nigeria Interest Rate is projected to trend around 13.50 percent in 2020, according to our econometric models.