Deposit Interest Rate in Nigeria decreased to 7.63 percent in March from 7.78 percent in February of 2023. source: Central Bank of Nigeria
Deposit Interest Rate in Nigeria averaged 9.36 percent from 1970 until 2023, reaching an all time high of 27.00 percent in September of 1993 and a record low of 2.00 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 May of 2023.
Deposit Interest Rate in Nigeria is expected to be 8.13 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Deposit Interest Rate in Nigeria is projected to trend around 6.63 percent in 2024 and 5.63 percent in 2025, according to our econometric models.