Lending Rate in Nigeria increased to 15.11 percent in November from 15.07 percent in October of 2019. Lending Rate in Nigeria averaged 14.14 percent from 1961 until 2019, reaching an all time high of 37.80 percent in September of 1993 and a record low of 6 percent in April of 1975. source: Central Bank of Nigeria

Lending Rate in Nigeria is expected to be 15.07 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Lending Rate in Nigeria to stand at 15.07 in 12 months time. In the long-term, the Nigeria Lending Rate is projected to trend around 14.57 percent in 2020, according to our econometric models.


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Nigeria Lending Rate

Actual Previous Highest Lowest Dates Unit Frequency
15.11 15.07 37.80 6.00 1961 - 2019 percent Monthly

Nigeria Money Last Previous Highest Lowest Unit
Interest Rate 13.50 13.50 14.00 6.00 percent [+]
Cash Reserve Ratio 22.50 22.50 31.00 1.00 percent [+]
Money Supply M0 2203274.21 2055946.55 2329706.58 193939.30 NGN Million [+]
Money Supply M1 10930572.57 10592511.65 11751139.21 396991.90 NGN Million [+]
Money Supply M2 28415371.99 27634515.08 35167529.95 648506.60 NGN Million [+]
Foreign Exchange Reserves 38684.00 39803.00 62081.86 63.22 USD Million [+]
Deposit Interest Rate 8.70 8.96 27.00 2.00 percent [+]
Lending Rate 15.11 15.07 37.80 6.00 percent [+]