Nigeria Three Month Interbank Rate (Nibor) was at 11.94 percent on Friday February 3. source: Central Bank of Nigeria

Interbank Rate in Nigeria averaged 12.88 percent from 2007 until 2023, reaching an all time high of 38.96 percent in September of 2013 and a record low of 0.00 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 February of 2023.

Interbank Rate in Nigeria is expected to be 11.94 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 9.44 percent in 2024, according to our econometric models.

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Nigeria Three Month Interbank Rate (Nibor)

Related Last Previous Unit Reference
Interest Rate 17.50 16.50 percent Jan 2023
Cash Reserve Ratio 32.50 32.50 percent Feb 2023
Interbank Rate 11.94 11.94 percent Feb 2023
Money Supply M1 20686476.65 21503412.00 NGN Million Dec 2022
Money Supply M0 3012057.17 3164256.76 NGN Million Dec 2022
Money Supply M2 51747302.38 51784485.54 NGN Million Dec 2022
Foreign Exchange Reserves 37040.00 37080.00 USD Million Jan 2023
Deposit Interest Rate 8.45 8.01 percent Nov 2022
Money Supply M3 52140943.27 51785745.45 NGN Million Dec 2022
Lending Rate 13.17 12.23 percent Nov 2022

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.
Actual Previous Highest Lowest Dates Unit Frequency
11.94 11.94 38.96 0.00 2007 - 2023 percent Daily