Nigeria Short Term Interest Rate

2010 - 2024 | Monthly | % pa | Financial Markets Dealers Association

Key information about Nigeria Short Term Interest Rate

  • Nigeria Short Term Interest Rate: Month End: NIBOR: 3 Months was reported at 25.42 % pa in Apr 2024, compared with 25.10 % pa in the previous month.
  • Nigeria Short Term Interest Rate data is updated monthly, available from Jan 2010 to Apr 2024.
  • The data reached an all-time high of 25.42 % pa in Apr 2024 and a record low of 0.36 % pa in Nov 2020.
  • Short Term Interest Rate is reported by reported by Financial Markets Dealers Association.
  • The cash rate (Policy Rate: Month End) was set at 24.75 % pa in Apr 2024.
  • Nigeria Exchange Rate against USD averaged 607.75 (USD/NGN) in Jun 2023.

View Nigeria's Short Term Interest Rate from Jan 2010 to Apr 2024 in the chart:

Nigeria Short Term Interest Rate

What was Nigeria's Short Term Interest Rate in Apr 2024?

Nigeria Short Term Interest Rate: Month End: NIBOR: 3 Months was reported at 25.42 % pa in Apr 2024, compared with 25.10 % pa in the previous month. See the table below for more data.

Last Previous Min Max Unit Frequency Range
25.42 Apr 2024 25.10 Mar 2024 0.36 Nov 2020 25.42 Apr 2024 % pa monthly Jan 2010 - Apr 2024

Short Term Interest Rate by Country Comparison

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Includes Short Term Interest Rate on 99 economies standardised by CEIC. Instant access to full history data in excel.
country/region Last Frequency Range
Albania (% pa) 3.09 Jan 2024 monthly Jan 2002 - Jan 2024
Algeria (% pa) 3.14 Dec 2022 monthly Jun 2006 - Dec 2022
Argentina (% pa) 31.80 Jul 2021 monthly Jan 1999 - Jul 2021
Armenia (% pa) 11.20 Jan 2023 monthly Jan 2000 - Jan 2023
Australia (% pa) 4.39 Apr 2024 monthly Jun 1969 - Apr 2024
Austria (% pa) -0.57 Nov 2021 monthly Dec 1998 - Nov 2021
Azerbaijan (% pa) 7.50 Mar 2024 monthly Dec 2002 - Mar 2024
Bahrain (% pa) 5.39 Dec 2023 quarterly Jun 2003 - Dec 2023
Bangladesh (% pa) 6.63 May 2023 monthly Sep 2003 - May 2023
Belarus (% pa) 11.00 Apr 2024 monthly Apr 2003 - Apr 2024
Belgium (% pa) -0.57 Nov 2021 monthly Dec 1998 - Nov 2021
Bolivia (% pa) 6.59 Feb 2024 monthly Jan 1998 - Feb 2024
Botswana (% pa) -0.30 Mar 2024 monthly Jan 2003 - Mar 2024
Bulgaria (% pa) -0.05 Jun 2018 monthly Feb 2003 - Jun 2018
Cambodia (% pa) 1.33 Apr 2024 monthly Dec 2016 - Apr 2024
Canada (% pa) 4.93 Apr 2024 monthly Jan 1993 - Apr 2024
China (% pa) 2.00 Apr 2024 monthly Oct 2006 - Apr 2024
Colombia (% pa) 13.02 Jun 2023 monthly Jan 1986 - Jun 2023
Croatia (% pa) 0.39 Dec 2019 monthly Sep 2002 - Dec 2019
Cyprus (% pa) -0.57 Nov 2021 monthly Dec 1998 - Nov 2021
Czech Republic (% pa) 5.61 Mar 2024 monthly Apr 1992 - Mar 2024
Denmark (% pa) -0.43 Sep 2019 monthly Jun 1988 - Sep 2019
Ecuador (% pa) 4.64 May 2023 monthly Apr 2000 - May 2023
Egypt (% pa) 27.28 Apr 2024 monthly Jan 2001 - Apr 2024
Estonia (% pa) -0.57 Nov 2021 monthly Dec 1998 - Nov 2021
European Union (% pa) -0.57 Nov 2021 monthly Dec 1998 - Nov 2021
Finland (% pa) -0.57 Nov 2021 monthly Dec 1998 - Nov 2021
France (% pa) -0.57 Nov 2021 monthly Dec 1998 - Nov 2021
Georgia (% pa) 7.90 Apr 2024 monthly Feb 2008 - Apr 2024
Germany (% pa) -0.57 Nov 2021 monthly Dec 1998 - Nov 2021
Ghana (% pa) 26.35 Aug 2023 monthly Aug 1996 - Aug 2023
Greece (% pa) -0.57 Nov 2021 monthly Dec 1998 - Nov 2021
Hong Kong SAR, China (% pa) 4.55 Apr 2024 monthly Jul 1996 - Apr 2024
Hungary (% pa) 7.49 Apr 2024 monthly Aug 1996 - Apr 2024
Iceland (% pa) 9.74 Apr 2024 monthly Aug 1998 - Apr 2024
India (% pa) 7.14 May 2023 monthly Sep 2015 - May 2023
Indonesia (% pa) 6.76 May 2023 monthly Dec 1995 - May 2023
Ireland (% pa) 1.72 Dec 2021 monthly Dec 1998 - Dec 2021
Israel (% pa) 4.47 Apr 2024 monthly Mar 2007 - Apr 2024
Italy (% pa) -0.57 Nov 2021 monthly Dec 1998 - Nov 2021
Japan (% pa) 0.26 Apr 2024 monthly Jan 1997 - Apr 2024
Jordan (% pa) 8.34 Apr 2024 monthly Aug 2005 - Apr 2024
Kazakhstan (% pa) 10.50 Nov 2020 monthly Jul 2000 - Nov 2020
Kenya (% pa) 16.14 Jan 2024 monthly Jul 1991 - Jan 2024
South Korea (% pa) 3.58 Apr 2024 monthly Jul 2004 - Apr 2024
Kosovo (% pa) -0.57 Nov 2021 monthly Dec 1998 - Nov 2021
Kuwait (% pa) 4.25 Apr 2024 monthly Nov 2001 - Apr 2024
Latvia (% pa) -0.57 Nov 2021 monthly Dec 1998 - Nov 2021
Lebanon (% pa) 120.00 Jul 2023 monthly Mar 1972 - Jul 2023
Lithuania (% pa) -0.57 Nov 2021 monthly Dec 1998 - Nov 2021
Luxembourg (% pa) -0.57 Nov 2021 monthly Dec 1998 - Nov 2021
Macau SAR, China (% pa) 4.97 Jun 2023 monthly Jun 1988 - Jun 2023
North Macedonia (% pa) 4.56 Apr 2024 monthly Jul 2007 - Apr 2024
Malawi (% pa) 15.30 Feb 2024 monthly Jan 1983 - Feb 2024
Malaysia (% pa) 3.59 Apr 2024 monthly Jan 1988 - Apr 2024
Malta (% pa) -0.57 Nov 2021 monthly Dec 1998 - Nov 2021
Mauritius (% pa) 0.00 Feb 2024 monthly Apr 1998 - Feb 2024
Mexico (% pa) 11.39 Apr 2024 monthly Jan 1997 - Apr 2024
Moldova (% pa) 8.18 Apr 2024 monthly Dec 2005 - Apr 2024
Montenegro (% pa) -0.57 Nov 2021 monthly Dec 1998 - Nov 2021
Morocco (% pa) 3.00 Apr 2024 monthly Jan 1995 - Apr 2024
Mozambique (% pa) 17.62 Mar 2024 monthly Nov 2005 - Mar 2024
Myanmar (% pa) 4.00 2023 yearly 1986 - 2023
Nepal (% pa) 3.02 Mar 2024 monthly Feb 1993 - Mar 2024
Netherlands (% pa) -0.57 Nov 2021 monthly Dec 1998 - Nov 2021
New Zealand (% pa) 5.71 Jun 2023 monthly Jan 1985 - Jun 2023
Nigeria (% pa) 25.42 Apr 2024 monthly Jan 2010 - Apr 2024
Norway (% pa) 1.77 Jan 2020 monthly Jan 1986 - Jan 2020
Oman (% pa) 0.00 Feb 2024 monthly Jan 2004 - Feb 2024
Pakistan (% pa) 22.91 Jun 2023 monthly Nov 2004 - Jun 2023
Panama (% pa) 5.23 Feb 2024 monthly Jan 2006 - Feb 2024
Philippines (% pa) 5.81 Apr 2024 monthly Jan 1975 - Apr 2024
Poland (% pa) 5.86 Apr 2024 monthly Jan 1999 - Apr 2024
Portugal (% pa) -0.57 Nov 2021 monthly Dec 1998 - Nov 2021
Qatar (% pa) 5.89 Mar 2024 monthly Jul 2004 - Mar 2024
Romania (% pa) 6.05 Apr 2024 monthly Aug 1995 - Apr 2024
Russia (% pa) 9.71 Jul 2023 monthly Aug 2000 - Jul 2023
Saudi Arabia (% pa) 6.22 Mar 2024 monthly Jan 2007 - Mar 2024
Serbia (% pa) 5.69 Apr 2024 monthly Aug 2005 - Apr 2024
Singapore (% pa) 4.06 Mar 2024 monthly Oct 1995 - Mar 2024
Slovakia (% pa) -0.57 Nov 2021 monthly Dec 1998 - Nov 2021
Slovenia (% pa) -0.57 Nov 2021 monthly Dec 1998 - Nov 2021
South Africa (% pa) 8.52 Apr 2024 monthly Dec 1980 - Apr 2024
Spain (% pa) -0.57 Nov 2021 monthly Dec 1998 - Nov 2021
Sri Lanka (% pa) 6.96 Jun 2020 monthly Jul 2000 - Jun 2020
Sweden (% pa) 0.03 Jul 2020 monthly Jan 1987 - Jul 2020
Switzerland (% pa) 1.50 Apr 2024 monthly Jul 1999 - Apr 2024
Taiwan (% pa) 1.62 Mar 2024 monthly Oct 2005 - Mar 2024
Thailand (% pa) 2.65 Apr 2024 monthly Jan 2005 - Apr 2024
Turkey (% pa) 16.01 Jun 2022 monthly Aug 2002 - Jun 2022
Ukraine (% pa) 4.30 Mar 2024 monthly Jan 2006 - Mar 2024
United Arab Emirates (% pa) 5.21 Apr 2024 monthly Oct 2009 - Apr 2024
United Kingdom (% pa) 0.09 Apr 2021 monthly Jan 1986 - Apr 2021
United States (% pa) 5.25 Apr 2024 monthly Jan 1954 - Apr 2024
Uruguay (% pa) 8.67 Apr 2024 monthly Sep 2002 - Apr 2024
Venezuela (% pa) 43.78 Jun 2023 monthly Jan 1998 - Jun 2023
Vietnam (% pa) 5.01 Apr 2024 monthly Jul 2004 - Apr 2024
Yemen (% pa) 16.07 Jan 2015 monthly Dec 1995 - Jan 2015
Zambia (% pa) 10.10 Apr 2023 monthly Jan 2006 - Apr 2023

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Nigeria Key Series

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Includes 182 key indicators for Nigeria, curated by CEIC analysts. Instant access to full history data in excel.
Government and Public Finance Last Frequency Range
Consolidated Fiscal Balance: % of GDP (%) -4.8 Sep 2023 quarterly Dec 2010 - Sep 2023
Consolidated Fiscal Balance (USD mn) -3,071.175 Sep 2023 quarterly Mar 2005 - Sep 2023
National Government Debt (USD mn) 101,710.7 Dec 2023 quarterly Dec 2006 - Dec 2023
Government Debt: % of GDP (%) 39.8 Dec 2023 quarterly Dec 2010 - Dec 2023
Forecast: Government Expenditure (NGN bn) 99,387.936 2029 yearly 1990 - 2029
Forecast: Government Net Debt (NGN bn) 205,772.040 2028 yearly 1990 - 2028
Forecast: Government Revenue (NGN bn) 74,924.965 2029 yearly 1990 - 2029
Federal Govt Balance (NGN bn) -2,347.160 Sep 2023 quarterly Mar 2005 - Sep 2023
Federal Govt Expenditure: Capital (NGN bn) 1,043.310 Sep 2023 quarterly Mar 2005 - Sep 2023
Gross Federation Account Revenue (NGN bn) 4,791.390 Sep 2023 quarterly Mar 2005 - Sep 2023
Federal Govt Expenditure: Recurrent (NGN bn) 2,791.110 Sep 2023 quarterly Mar 2005 - Sep 2023
Gross Federation Account Revenue: Oil (NGN bn) 814.230 Sep 2023 quarterly Mar 2005 - Sep 2023
Federal Govt Expenditure (NGN bn) 4,040.180 Sep 2023 quarterly Mar 2005 - Sep 2023
Federal Govt Revenue (NGN bn) 1,693.020 Sep 2023 quarterly Mar 2005 - Sep 2023
Government Debt: Domestic (NGN bn) 53,258.012 Dec 2023 quarterly Dec 2005 - Dec 2023
Foreign Trade Last Frequency Range
Forecast: Exports of Goods Growth (%) -1.879 2028 yearly 1991 - 2028
Trade Balance (USD mn) 1,889.4 Sep 2023 monthly Jan 2003 - Sep 2023
Total Exports (USD mn) 4,751.7 Dec 2023 monthly Jan 2003 - Dec 2023
Total Exports Growth (%) 82.1 Dec 2023 monthly Jan 2004 - Dec 2023
Aluminum: Exports (USD th) 165,856.846 2022 yearly 1995 - 2022
Exports: Medicament (USD th) 2,876.353 2022 yearly 1995 - 2022
Exports: Medicinal and Pharmaceutical Product (USD th) 480.530 2022 yearly 1995 - 2022
Total Imports (USD mn) 2,989.3 Mar 2023 monthly Jan 2003 - Mar 2023
Total Imports Growth (%) 34.5 Sep 2023 monthly Jan 2004 - Sep 2023
Imports: Medicament (USD th) 755,360.705 2022 yearly 1995 - 2022
Imports: Medicinal and Pharmaceutical Product (USD th) 508,406.689 2022 yearly 1995 - 2022
Total Exports to USA (USD mn) 332.105 Dec 2023 monthly Jan 2003 - Dec 2023
Total Imports from USA (USD mn) 176.789 Dec 2023 monthly Dec 2009 - Dec 2023
Total Exports to China (USD mn) 24.772 Sep 2023 monthly Jan 2007 - Sep 2023
Total Imports from China (USD mn) 715.679 Sep 2023 monthly Jan 2007 - Sep 2023
Imports (NGN mn) 2,429,185.197 Sep 2023 monthly Jan 2003 - Sep 2023
Exports: Crude Oil (NGN mn) 3,404,818.113 Dec 2023 monthly Jan 2003 - Dec 2023
Total Trade (NGN mn) 6,865,948.584 Dec 2023 monthly Jan 2003 - Dec 2023
Exports: America: ow USA (NGN mn) 299,453.208 Dec 2023 monthly Jan 2003 - Dec 2023
Exports: Europe: ow Netherlands (NGN mn) 523,568.988 Dec 2023 monthly Jan 2003 - Dec 2023
Exports (NGN mn) 4,284,566.609 Dec 2023 monthly Jan 2003 - Dec 2023
Exports: Europe: ow UK (NGN mn) 93,037.938 Dec 2023 monthly Jan 2003 - Dec 2023
Exports: Vegetable Products (NGN mn) 316,546.604 2022 yearly 2003 - 2022
Exports: Mineral Products (NGN mn) 24,389,951.388 2022 yearly 2003 - 2022
Imports: Europe: ow Netherlands (NGN mn) 158,090.619 Dec 2023 monthly Jan 2003 - Dec 2023
Imports: Europe: ow Germany (NGN mn) 68,742.651 Sep 2023 monthly Jan 2003 - Sep 2023
Imports: Asia: ow China (NGN mn) 631,502.155 Dec 2023 monthly Jan 2007 - Dec 2023
Imports: America: ow USA (NGN mn) 159,407.643 Dec 2023 monthly Jan 2003 - Dec 2023
Imports: Europe: ow UK (NGN mn) 71,966.938 Sep 2023 monthly Jan 2003 - Sep 2023
Imports: Chemicals and Chemical Products (NGN mn) 385,751.608 Dec 2023 monthly Jan 2003 - Dec 2023
Imports: Mineral Fuels, Lubricants and Related Materials (NGN mn) 810,486.908 Dec 2023 monthly Jan 2003 - Dec 2023
Imports: Manufactured Goods (NGN mn) 184,959.341 Sep 2023 monthly Jan 2003 - Sep 2023
Imports: Food and Live Animals (NGN mn) 364,417.505 Dec 2023 monthly Jan 2003 - Dec 2023
Imports: Machinery and Transport Equipment (NGN mn) 639,703.694 Sep 2023 monthly Jan 2003 - Sep 2023
Balance of Payments Last Frequency Range
Direct Investment Abroad (USD mn) 44.0 Sep 2023 quarterly Mar 2008 - Sep 2023
Current Account Balance (USD mn) 1,545.4 Sep 2023 quarterly Mar 2014 - Sep 2023
Current Account Balance: % of GDP (%) 1.9 Sep 2023 quarterly Mar 2014 - Sep 2023
Foreign Direct Investment (USD mn) 1,197.6 Mar 2023 quarterly Mar 2014 - Mar 2023
Foreign Direct Investment: % of GDP (%) 1.1 Sep 2023 quarterly Mar 2010 - Sep 2023
Foreign Portfolio Investment (USD mn) 2,876.923 Sep 2023 quarterly Mar 2008 - Sep 2023
Foreign Portfolio Investment: % of GDP (%) 3.6 Sep 2023 quarterly Mar 2010 - Sep 2023
Foreign Portfolio Investment: Equity Securities (USD mn) 270.9 Sep 2023 quarterly Mar 2008 - Sep 2023
Foreign Portfolio Investment: Debt Securities (USD mn) 2,606.059 Sep 2023 quarterly Mar 2008 - Sep 2023
External Debt (USD mn) 42,495.2 Dec 2023 quarterly Dec 2006 - Dec 2023
External Debt: % of GDP (%) 11.9 2023 yearly 1985 - 2023
External Debt: Short Term (USD mn) 1,005.6 2020 yearly 2008 - 2020
External Debt: Short Term: % of GDP (%) 0.2 2020 yearly 2008 - 2020
Forecast: Current Account Balance (USD bn) 0.890 2028 yearly 1980 - 2028
Net International Investment Position (USD mn) -90,273.874 2022 yearly 2005 - 2022
External Debt: Service Payments (USD mn) 194.440 Dec 2018 quarterly Mar 2008 - Dec 2018
External Debt: Government (USD mn) 42,495.160 Dec 2023 quarterly Dec 2006 - Dec 2023
External Debt: Government: International Capital Market (USD mn) 15,118.350 Dec 2023 quarterly Mar 2011 - Dec 2023
Capital Inflow: Foreign Direct Investment (USD) 20,080,525.860 Nov 2022 monthly Jan 2007 - Nov 2022
Monetary Last Frequency Range
Non Performing Loans Ratio (%) 6.1 2019 yearly 2003 - 2019
Non-Performing Loans (USD mn) 3,315.011 Mar 2021 quarterly Mar 2007 - Mar 2021
Money Supply M1 (USD mn) 24,423.728 Mar 2024 monthly Nov 1992 - Mar 2024
Money Supply M2 (USD mn) 69,409.454 Mar 2024 monthly Nov 1992 - Mar 2024
M2 Growth (%) 70.4 Mar 2024 monthly Nov 1993 - Mar 2024
Reserve Requirement Ratio (%) 45.0 Apr 2024 monthly Nov 2005 - Apr 2024
Foreign Exchange Reserves (USD mn) 33,217.6 Dec 2023 monthly Jan 1960 - Dec 2023
Foreign Exchange Reserves: % of GDP (%) 8.942 Dec 2023 quarterly Dec 2010 - Dec 2023
Foreign Exchange Reserves: Months of Import (NA) 11.6 Dec 2023 monthly Jan 2003 - Dec 2023
Gold Reserves (USD mn) 1,273.284 Sep 2023 monthly Dec 1950 - Sep 2023
Total Deposits (USD mn) 84,213.801 Dec 2019 monthly Nov 1992 - Dec 2019
Total Deposits Growth (%) 2.6 Dec 2019 monthly Nov 1993 - Dec 2019
Domestic Credit (USD mn) 68,258.1 Mar 2024 monthly Nov 1992 - Mar 2024
Domestic Credit Growth (%) 28.7 Mar 2024 monthly Nov 1993 - Mar 2024
Private Debt: % of Nominal GDP (%) 16.22 Sep 2023 quarterly Dec 2010 - Sep 2023
Monetary Survey: Liabilities: Base Money (NGN mn) 23,384,818.660 Mar 2024 monthly Jan 1993 - Mar 2024
Monetary Survey: Liabilities: M2: M1 (NGN mn) 32,489,908.180 Mar 2024 monthly Nov 1992 - Mar 2024
Monetary Survey: Liabilities: M2: Quasi Money (NGN mn) 59,842,712.030 Mar 2024 monthly Nov 1992 - Mar 2024
Monetary Survey: Liabilities: M2 (NGN mn) 92,332,620.210 Mar 2024 monthly Nov 1992 - Mar 2024
Monetary Survey: Liabilities: M3 (NGN mn) 35,345,802.020 Jun 2020 monthly Nov 1992 - Jun 2020
Non Performing Loans to Gross Loans (%) 4.210 Dec 2022 semiannually Dec 2003 - Dec 2022
Business and Economic Survey Last Frequency Range
Business Confidence Growth (% Point) -0.6 Nov 2023 monthly Jul 2015 - Nov 2023

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