Lending Rate in Nigeria remained unchanged at 12.23 percent in September from 12.23 percent in August of 2022. source: Central Bank of Nigeria

Lending Rate in Nigeria averaged 14.06 percent from 1961 until 2022, reaching an all time high of 37.80 percent in September of 1993 and a record low of 6.00 percent in April of 1975. This page provides - Nigeria Lending Rate- actual values, historical data, forecast, chart, statistics, economic calendar and news. Nigeria Lending Rate - values, historical data and charts - was last updated on November of 2022.

Lending Rate in Nigeria is expected to be 13.23 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Nigeria Lending Rate is projected to trend around 12.73 percent in 2023 and 9.73 percent in 2024, according to our econometric models.

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Nigeria Lending Rate

Related Last Previous Unit Reference
Interest Rate 16.50 15.50 percent Nov 2022
Cash Reserve Ratio 32.50 32.50 percent Nov 2022
Interbank Rate 15.16 15.16 percent Nov 2022
Money Supply M1 21323643.56 21188070.11 NGN Million Oct 2022
Money Supply M0 3298786.78 3228752.06 NGN Million Oct 2022
Money Supply M2 50577358.02 49316901.83 NGN Million Oct 2022
Foreign Exchange Reserves 37490.00 38320.00 USD Million Oct 2022
Deposit Interest Rate 6.99 6.79 percent Sep 2022
Money Supply M3 49932982.31 49356443.64 NGN Million Sep 2022
Lending Rate 12.23 12.23 percent Sep 2022