Nigeria Three Month Interbank Rate (Nibor) was at 9.62 percent on Tuesday November 30. source: Central Bank of Nigeria

Interbank Rate in Nigeria averaged 13.02 percent from 2007 until 2021, 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 November of 2021.

Interbank Rate in Nigeria is expected to be 9.62 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 10.62 percent in 2022 and 11.12 percent in 2023, according to our econometric models.

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Nigeria Three Month Interbank Rate (Nibor)

Related Last Previous Unit Reference
Interest Rate 11.50 11.50 percent Nov/21
Cash Reserve Ratio 27.50 27.50 percent Nov/21
Interbank Rate 9.62 9.62 percent Nov/21
Money Supply M1 16553042.48 15948090.75 NGN Million Oct/21
Money Supply M0 2965985.43 2837063.77 NGN Million Oct/21
Money Supply M2 41369902.01 40414584.97 NGN Million Oct/21
Foreign Exchange Reserves 41280.00 41750.00 USD Million Nov/21
Deposit Interest Rate 5.02 4.80 percent Oct/21
Lending Rate 11.61 11.73 percent Oct/21
Money Supply M3 39789168.03 39435900.44 NGN Million Jul/21
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.