Nigeria Policy Rate

2006 - 2024 | Monthly | % pa | Central Bank of Nigeria

Key information about Nigeria Policy Rate

  • Nigeria cash rate (Policy Rate: Month End) was set at 27.50 % pa in Dec 2024, compared with 27.50 % pa in the previous Nov 2024.
  • Nigeria Policy Rate averaged 12.00 % pa and is updated monthly, available from Dec 2006 to Dec 2024.
  • The data reached an all-time high of 27.50 % pa in Dec 2024 and a record low of 6.00 % pa in Aug 2010.




Related information about Nigeria Policy Rate

  • In the latest reports, Nigeria Short Term Interest Rate: Month End: NIBOR: 3 Months was reported at 28.11 % pa in Nov 2024.
  • Nigeria Exchange Rate against USD averaged 607.75 (USD/NGN) in Jun 2023.
  • Its Real Effective Exchange Rate was 79.06 in Nov 2024.

View Nigeria's Policy Rate from Dec 2006 to Dec 2024 in the chart:

Nigeria Policy Rate

What was Nigeria's Policy Rate in Dec 2024?

Nigeria cash rate (Policy Rate: Month End) was set at 27.50 % pa in Dec 2024, compared with 27.50 % pa in the previous Nov 2024. See the table below for more data.

Last Previous Min Max Unit Frequency Range
27.50 Dec 2024 27.50 Nov 2024 6.00 Aug 2010 27.50 Dec 2024 % pa monthly Dec 2006 - Dec 2024

Policy Rate by Country Comparison

country/region Last Frequency Range
Albania (% pa) 2.75 Dec 2024 monthly Jan 2000 - Dec 2024
Algeria (% pa) 3.00 Dec 2024 monthly Jan 1963 - Dec 2024
Argentina (%) 31.78 Dec 2024 monthly Aug 1985 - Dec 2024
Armenia (% pa) 7.00 Dec 2024 monthly May 2001 - Dec 2024
Australia (% pa) 4.35 Dec 2024 monthly Aug 1990 - Dec 2024
Austria (% pa) 3.15 Dec 2024 monthly Jan 1999 - Dec 2024
Azerbaijan (% pa) 7.25 Nov 2024 monthly Jan 2005 - Nov 2024
Bahrain (% pa) 5.50 Dec 2024 monthly Jan 2007 - Dec 2024
Bangladesh (% pa) 10.00 Nov 2024 monthly Sep 2009 - Nov 2024
Belarus (% pa) 9.50 Dec 2024 monthly Jul 1991 - Dec 2024
Belgium (% pa) 3.15 Dec 2024 monthly Jan 1999 - Dec 2024
Bolivia (% pa) 3.05 Dec 2024 monthly Jan 2013 - Dec 2024
Botswana (% pa) 3.75 Apr 2022 monthly Aug 1976 - Apr 2022
Brazil (% pa) 12.25 Dec 2024 monthly Mar 1999 - Dec 2024
Bulgaria (% pa) 2.95 Jan 2025 monthly Feb 1991 - Jan 2025
Canada (% pa) 3.75 Nov 2024 monthly Dec 1992 - Nov 2024
Chile (% pa) 5.00 Dec 2024 monthly May 1995 - Dec 2024
China (% pa) 2.65 Jun 2023 monthly Jan 2016 - Jun 2023
Colombia (% pa) 9.50 Dec 2024 monthly Apr 1995 - Dec 2024
Croatia (% pa) 3.00 Dec 2022 monthly Dec 1992 - Dec 2022
Cyprus (% pa) 3.15 Dec 2024 monthly Jan 1999 - Dec 2024
Czech Republic (% pa) 3.00 Dec 2024 monthly Jan 1993 - Dec 2024
Denmark (% pa) 2.60 Dec 2024 monthly Aug 1914 - Dec 2024
Ecuador (% pa) 10.43 Dec 2024 monthly Jul 1995 - Dec 2024
Egypt (% pa) 27.75 Nov 2024 monthly Jan 1991 - Nov 2024
Estonia (% pa) 3.15 Dec 2024 monthly Jan 1999 - Dec 2024
European Union (% pa) 3.15 Dec 2024 monthly Jan 1999 - Dec 2024
Finland (% pa) 3.15 Dec 2024 monthly Jan 1999 - Dec 2024
France (% pa) 3.40 Nov 2024 monthly Jan 1999 - Nov 2024
Georgia (% pa) 8.00 Nov 2024 monthly Jan 2008 - Nov 2024
Germany (% pa) 3.15 Dec 2024 monthly Jan 1999 - Dec 2024
Ghana (% pa) 29.50 May 2023 monthly Nov 2002 - May 2023
Greece (% pa) 3.15 Dec 2024 monthly Jan 1999 - Dec 2024
Hong Kong SAR, China (% pa) 4.75 Dec 2024 monthly Jun 1992 - Dec 2024
Hungary (% pa) 6.50 Dec 2024 monthly Oct 1990 - Dec 2024
Iceland (% pa) 10.00 Dec 2024 monthly Jan 1994 - Dec 2024
India (% pa) 6.50 Dec 2024 monthly Apr 2001 - Dec 2024
Indonesia (% pa) 6.00 Dec 2024 monthly Jun 2015 - Dec 2024
Ireland (% pa) 3.15 Dec 2024 monthly Jan 1999 - Dec 2024
Israel (% pa) 4.50 Dec 2024 monthly Dec 1998 - Dec 2024
Italy (% pa) 3.40 Nov 2024 monthly Jan 1999 - Nov 2024
Ivory Coast (% pa) 2.50 Mar 2017 monthly Jan 1964 - Mar 2017
Japan (% pa) -0.10 Jun 2023 monthly Nov 2008 - Jun 2023
Jordan (% pa) 7.50 Dec 2024 monthly Dec 1965 - Dec 2024
Kazakhstan (% pa) 14.25 Nov 2024 monthly Feb 1992 - Nov 2024
Kenya (% pa) 11.25 Dec 2024 monthly Jul 2003 - Dec 2024
South Korea (% pa) 3.00 Dec 2024 monthly May 1999 - Dec 2024
Kosovo (% pa) 3.15 Dec 2024 monthly Jan 1999 - Dec 2024
Kuwait (% pa) 4.00 Nov 2024 monthly Jul 1999 - Nov 2024
Kyrgyzstan (% pa) 9.00 Dec 2024 monthly Jan 1999 - Dec 2024
Laos (% pa) 7.50 May 2023 monthly Dec 1992 - May 2023
Latvia (% pa) 3.40 Nov 2024 monthly Jan 1999 - Nov 2024
Lebanon (% pa) 10.00 Jan 2023 monthly Apr 1964 - Jan 2023
Lithuania (% pa) 3.40 Nov 2024 monthly Jan 1999 - Nov 2024
Luxembourg (% pa) 3.15 Dec 2024 monthly Jan 1999 - Dec 2024
Macau SAR, China (% pa) 4.75 Dec 2024 monthly Dec 1999 - Dec 2024
North Macedonia (% pa) 5.55 Dec 2024 monthly Jan 2002 - Dec 2024
Malawi (% pa) 26.00 Dec 2024 monthly Jan 1980 - Dec 2024
Malaysia (% pa) 3.00 Dec 2024 monthly Apr 2004 - Dec 2024
Malta (% pa) 3.15 Dec 2024 monthly Jan 1999 - Dec 2024
Mauritius (% pa) 4.00 Dec 2024 monthly Dec 1999 - Dec 2024
Mexico (% pa) 10.00 Dec 2024 monthly Jan 2008 - Dec 2024
Moldova (% pa) 3.60 Dec 2024 monthly Feb 2001 - Dec 2024
Mongolia (% pa) 10.00 Dec 2024 monthly Jul 2007 - Dec 2024
Montenegro (% pa) 3.15 Dec 2024 monthly Jan 1999 - Dec 2024
Morocco (% pa) 2.50 Dec 2024 monthly Jun 1995 - Dec 2024
Myanmar (% pa) 7.00 2024 yearly 1986 - 2024
Nepal (% pa) 6.50 Dec 2024 monthly Jul 2003 - Dec 2024
Netherlands (% pa) 3.15 Dec 2024 monthly Jan 1999 - Dec 2024
New Zealand (% pa) 5.50 May 2023 monthly Mar 1999 - May 2023
Nigeria (% pa) 27.50 Dec 2024 monthly Dec 2006 - Dec 2024
Norway (% pa) 4.50 Dec 2024 monthly Jan 1991 - Dec 2024
Oman (% pa) 5.00 Dec 2024 monthly May 2007 - Dec 2024
Pakistan (% pa) 14.00 Dec 2024 monthly Feb 1992 - Dec 2024
Paraguay (% pa) 6.00 Dec 2024 monthly Jul 2010 - Dec 2024
Peru (% pa) 5.00 Dec 2024 monthly Sep 2003 - Dec 2024
Philippines (% pa) 7.00 May 2024 monthly Jun 2016 - May 2024
Poland (% pa) 5.75 Jan 2025 monthly Jan 2005 - Jan 2025
Portugal (% pa) 3.15 Dec 2024 monthly Jan 1999 - Dec 2024
Qatar (% pa) 5.10 Dec 2024 monthly Mar 2003 - Dec 2024
Romania (% pa) 6.50 Dec 2024 monthly Jan 2003 - Dec 2024
Russia (% pa) 21.00 Nov 2024 monthly Sep 2013 - Nov 2024
Saudi Arabia (% pa) 5.00 Dec 2024 monthly Jan 2000 - Dec 2024
Serbia (% pa) 5.75 Dec 2024 monthly Jan 2001 - Dec 2024
Singapore (% pa) 4.00 Jun 2023 monthly Jul 2005 - Jun 2023
Slovakia (% pa) 3.15 Dec 2024 monthly Jan 1999 - Dec 2024
Slovenia (% pa) 3.15 Dec 2024 monthly Jan 1999 - Dec 2024
South Africa (% pa) 7.75 Dec 2024 monthly Nov 1999 - Dec 2024
Spain (% pa) 3.15 Dec 2024 monthly Jan 1999 - Dec 2024
Sri Lanka (% pa) 7.50 Nov 2024 monthly Jan 1997 - Nov 2024
Sweden (% pa) 2.75 Dec 2024 monthly Jan 1987 - Dec 2024
Switzerland (% pa) 0.45 Dec 2024 monthly Jun 1999 - Dec 2024
Syria (% pa) 5.00 Dec 2024 monthly Jan 1962 - Dec 2024
Taiwan (% pa) 2.00 Dec 2024 monthly Jul 1961 - Dec 2024
Tajikistan (% pa) 9.00 Dec 2024 monthly Jun 1995 - Dec 2024
Thailand (% pa) 2.25 Dec 2024 monthly May 2000 - Dec 2024
Tunisia (% pa) 8.00 Dec 2024 monthly Jan 2000 - Dec 2024
Turkey (% pa) 47.50 Dec 2024 monthly Jun 1996 - Dec 2024
Ukraine (% pa) 13.50 Dec 2024 monthly Dec 1992 - Dec 2024
United Arab Emirates (% pa) 4.40 Dec 2024 monthly Nov 2007 - Dec 2024

Accurate Macro & Micro Economic Data You Can Trust

Explore the most complete set of 6.6 million time series covering more than 200 economies, 20 industries and 18 macroeconomic sectors.

Learn more about what we do

Nigeria Key Series

Government and Public Finance Last Frequency Range
Consolidated Fiscal Balance: % of GDP (%) -5.7 Jun 2024 quarterly Dec 2010 - Jun 2024
Consolidated Fiscal Balance (USD mn) -3,274.101 Jun 2024 quarterly Mar 2005 - Jun 2024
National Government Debt (USD mn) 88,444.7 Jun 2024 quarterly Dec 2006 - Jun 2024
Government Debt: % of GDP (%) 52.8 Jun 2024 quarterly Dec 2010 - Jun 2024
Forecast: Government Expenditure (NGN bn) 100,505.650 2029 yearly 1990 - 2029
Forecast: Government Net Debt (NGN bn) 285,181.495 2029 yearly 1990 - 2029
Forecast: Government Revenue (NGN bn) 72,588.069 2029 yearly 1990 - 2029
Federal Govt Expenditure (NGN bn) 6,838.960 Jun 2024 quarterly Mar 2005 - Jun 2024
Federal Govt Expenditure: Recurrent (NGN bn) 6,152.970 Jun 2024 quarterly Mar 2005 - Jun 2024
Gross Federation Account Revenue: Oil (NGN bn) 1,733.500 Jun 2024 quarterly Mar 2005 - Jun 2024
Gross Federation Account Revenue (NGN bn) 6,285.040 Jun 2024 quarterly Mar 2005 - Jun 2024
Federal Govt Expenditure: Capital (NGN bn) 250.290 Jun 2024 quarterly Mar 2005 - Jun 2024
Federal Govt Revenue (NGN bn) 2,305.540 Jun 2024 quarterly Mar 2005 - Jun 2024
Federal Govt Balance (NGN bn) -4,533.420 Jun 2024 quarterly Mar 2005 - Jun 2024
Government Debt: Domestic (NGN bn) 66,957.878 Jun 2024 quarterly Dec 2005 - Jun 2024
Foreign Trade Last Frequency Range
Forecast: Exports of Goods Growth (%) -1.879 2028 yearly 1991 - 2028
Trade Balance (USD mn) 1,027.6 Sep 2024 monthly Jan 2003 - Sep 2024
Total Exports (USD mn) 3,738.1 Sep 2024 monthly Jan 2003 - Sep 2024
Total Exports Growth (%) 56.4 Sep 2024 monthly Jan 2004 - Sep 2024
Aluminum: Exports (USD th) 187,832.450 2023 yearly 1995 - 2023
Exports: Medicament (USD th) 1,530.686 2023 yearly 1995 - 2023
Exports: Medicinal and Pharmaceutical Product (USD th) 329.199 2023 yearly 1995 - 2023
Total Imports (USD mn) 2,989.3 Mar 2023 monthly Jan 2003 - Mar 2023
Total Imports Growth (%) 62.9 Sep 2024 monthly Jan 2004 - Sep 2024
Imports: Medicament (USD th) 614,222.259 2023 yearly 1995 - 2023
Imports: Medicinal and Pharmaceutical Product (USD th) 227,440.624 2023 yearly 1995 - 2023
Total Exports to USA (USD mn) 124.857 Sep 2024 monthly Jan 2003 - Sep 2024
Total Imports from USA (USD mn) 275.937 Sep 2024 monthly Dec 2009 - Sep 2024
Total Exports to China (USD mn) 105.763 Sep 2024 monthly Jan 2007 - Sep 2024
Total Imports from China (USD mn) 802.488 Sep 2024 monthly Jan 2007 - Sep 2024
Imports (NGN mn) 4,384,900.258 Sep 2024 monthly Jan 2003 - Sep 2024
Exports: Crude Oil (NGN mn) 3,905,247.850 Sep 2024 monthly Jan 2003 - Sep 2024
Imports: Growth Rate: MoM (%) -35.341 Jun 2024 monthly Jan 2019 - Jun 2024
Exports: Growth Rate: MoM (%) 10.446 Jun 2024 monthly Jan 2019 - Jun 2024
Total Trade (NGN mn) 10,432,090.965 Sep 2024 monthly Jan 2003 - Sep 2024
Exports: America: ow USA (NGN mn) 201,983.472 Sep 2024 monthly Jan 2003 - Sep 2024
Exports: Europe: ow Netherlands (NGN mn) 261,930.167 Sep 2024 monthly Jan 2003 - Sep 2024
Exports: Europe: ow UK (NGN mn) 180,704.134 Sep 2024 monthly Jan 2003 - Sep 2024
Exports (NGN mn) 6,047,190.706 Sep 2024 monthly Jan 2003 - Sep 2024
Exports: Plastic and Articles Thereof, Rubber and Articles Thereof (NGN mn) 53,170.162 2023 yearly 2003 - 2023
Exports: Vegetable Products (NGN mn) 786,963.687 2023 yearly 2003 - 2023
Exports: Mineral Products (NGN mn) 33,075,147.443 2023 yearly 2003 - 2023
Imports: Europe: ow Netherlands (NGN mn) 201,091.335 Sep 2024 monthly Jan 2003 - Sep 2024
Imports: Europe: ow UK (NGN mn) 134,085.602 Sep 2024 monthly Jan 2003 - Sep 2024
Imports: Europe: ow Germany (NGN mn) 135,143.103 Sep 2024 monthly Jan 2003 - Sep 2024
Imports: America: ow USA (NGN mn) 446,388.165 Sep 2024 monthly Jan 2003 - Sep 2024
Imports: Asia: ow China (NGN mn) 1,298,198.961 Sep 2024 monthly Jan 2007 - Sep 2024
Imports: Chemicals and Chemical Products (NGN mn) 614,100.231 Sep 2024 monthly Jan 2003 - Sep 2024
Imports: Manufactured Goods (NGN mn) 488,494.173 Sep 2024 monthly Jan 2003 - Sep 2024
Imports: Mineral Fuels, Lubricants and Related Materials (NGN mn) 1,024,863.121 Sep 2024 monthly Jan 2003 - Sep 2024
Imports: Food and Live Animals (NGN mn) 455,343.676 Sep 2024 monthly Jan 2003 - Sep 2024
Imports: Machinery and Transport Equipment (NGN mn) 1,432,150.870 Sep 2024 monthly Jan 2003 - Sep 2024
Export Value Index (2015=100) 93.461 2021 yearly 1980 - 2021
Import Value Index (2015=100) 116.198 2021 yearly 1980 - 2021
Balance of Payments Last Frequency Range
Direct Investment Abroad (USD mn) -831.3 Jun 2024 quarterly Mar 2008 - Jun 2024
Current Account Balance (USD mn) 5,142.5 Jun 2024 quarterly Mar 2014 - Jun 2024
Current Account Balance: % of GDP (%) 11.5 Jun 2024 quarterly Mar 2014 - Jun 2024
Foreign Direct Investment (USD mn) 1,197.6 Mar 2023 quarterly Mar 2014 - Mar 2023
Foreign Direct Investment: % of GDP (%) 1.3 Jun 2024 quarterly Mar 2010 - Jun 2024
Foreign Portfolio Investment (USD mn) 4,416.719 Jun 2024 quarterly Mar 2008 - Jun 2024
Foreign Portfolio Investment: % of GDP (%) 10.0 Jun 2024 quarterly Mar 2010 - Jun 2024
Foreign Portfolio Investment: Equity Securities (USD mn) -309.3 Jun 2024 quarterly Mar 2008 - Jun 2024
Foreign Portfolio Investment: Debt Securities (USD mn) 4,726.039 Jun 2024 quarterly Mar 2008 - Jun 2024
External Debt (USD mn) 42,901.0 Jun 2024 quarterly Dec 2006 - Jun 2024
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) -5.481 2029 yearly 1980 - 2029
Net International Investment Position (USD mn) -86,263.760 2023 yearly 2005 - 2023
External Debt: Service Payments (USD mn) 194.440 Dec 2018 quarterly Mar 2008 - Dec 2018
External Debt: Government (USD mn) 42,901.010 Jun 2024 quarterly Dec 2006 - Jun 2024
External Debt: Government: International Capital Market (USD mn) 15,118.350 Jun 2024 quarterly Mar 2011 - Jun 2024
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) 21,807.151 Nov 2024 monthly Nov 1992 - Nov 2024
Money Supply M2 (USD mn) 65,496.541 Nov 2024 monthly Nov 1992 - Nov 2024
M2 Growth (%) 52.7 Nov 2024 monthly Nov 1993 - Nov 2024
Reserve Requirement Ratio (%) 50.0 Dec 2024 monthly Nov 2005 - Dec 2024
Foreign Exchange Reserves (USD mn) 35,920.0 Aug 2024 monthly Jan 1960 - Aug 2024
Foreign Exchange Reserves: % of GDP (%) 14.124 Jun 2024 quarterly Dec 2010 - Jun 2024
Foreign Exchange Reserves: Months of Import (NA) 10.7 Aug 2024 monthly Jan 2003 - Aug 2024
Gold Reserves (USD mn) 1,599.957 Jun 2024 monthly Dec 1950 - Jun 2024
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) 69,482.4 Nov 2024 monthly Nov 1992 - Nov 2024
Domestic Credit Growth (%) 35.4 Nov 2024 monthly Nov 1993 - Nov 2024
Private Debt: % of Nominal GDP (%) 20.83 Jun 2024 quarterly Dec 2010 - Jun 2024
Monetary Survey: Liabilities: Base Money (NGN mn) 30,871,571.250 Nov 2024 monthly Jan 1993 - Nov 2024
Monetary Survey: Liabilities: M2: Quasi Money (NGN mn) 72,672,756.900 Nov 2024 monthly Nov 1992 - Nov 2024
Monetary Survey: Liabilities: M2: M1 (NGN mn) 36,273,927.360 Nov 2024 monthly Nov 1992 - Nov 2024
Monetary Survey: Liabilities: M2 (NGN mn) 108,946,684.260 Nov 2024 monthly Nov 1992 - Nov 2024
Monetary Survey: Liabilities: M3 (NGN mn) 35,345,802.020 Jun 2020 monthly Nov 1992 - Jun 2020
Non Performing Loans to Gross Loans (%) 4.140 Jun 2023 semiannually Dec 2003 - Jun 2023
Business and Economic Survey Last Frequency Range
Business Confidence Growth (% Point) 4.4 Nov 2024 monthly Jul 2015 - Nov 2024

More Indicators for Nigeria

Request a demo of CEIC

CEIC’s economic databases cover over 200 global markets. Our Platform offers the most reliable macroeconomic data and advanced analytical tools.

Request a demo
Please note, product demos are not available for students. Please click here to find out more about the version of CEIC available for student users.
Unlimited access tailored to your data needs
Flexible monthly access to CEIC data