Nigeria Three Month Interbank Rate (Nibor) was at 13.35 percent on Friday September 23. source: Central Bank of Nigeria

Interbank Rate in Nigeria averaged 12.87 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 September of 2022.

Interbank Rate in Nigeria is expected to be 14.35 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 15.35 percent in 2023 and 12.35 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 14.00 14.00 percent Aug 2022
Cash Reserve Ratio 27.50 27.50 percent Sep 2022
Interbank Rate 13.35 13.35 percent Sep 2022
Money Supply M1 21436163.98 20372771.97 NGN Million Aug 2022
Money Supply M0 3242600.24 3242600.24 NGN Million Aug 2022
Money Supply M2 49305842.28 48258489.56 NGN Million Aug 2022
Foreign Exchange Reserves 39180.00 39250.00 USD Million Aug 2022
Deposit Interest Rate 6.79 4.96 percent Aug 2022
Lending Rate 9.00 12.10 percent Sep 2022
Money Supply M3 49356443.64 48259383.42 NGN Million Aug 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
13.35 13.35 38.96 0.00 2007 - 2022 percent Daily