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 28.11 % pa in Nov 2024, compared with 26.37 % pa in the previous month.
  • Nigeria Short Term Interest Rate data is updated monthly, available from Jan 2010 to Nov 2024.
  • The data reached an all-time high of 28.11 % pa in Nov 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 27.25 % pa in Oct 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 Nov 2024 in the chart:

Nigeria Short Term Interest Rate

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

Nigeria Short Term Interest Rate: Month End: NIBOR: 3 Months was reported at 28.11 % pa in Nov 2024, compared with 26.37 % pa in the previous month. See the table below for more data.

Last Previous Min Max Unit Frequency Range
28.11 Nov 2024 26.37 Oct 2024 0.36 Nov 2020 28.11 Nov 2024 % pa monthly Jan 2010 - Nov 2024

Short Term Interest Rate by Country Comparison

country/region Last Frequency Range
Albania (% pa) 3.05 Apr 2024 monthly Jan 2002 - Apr 2024
Algeria (% pa) 1.18 Mar 2024 monthly Jun 2006 - Mar 2024
Argentina (% pa) 31.80 Jul 2021 monthly Jan 1999 - Jul 2021
Armenia (% pa) 10.37 Aug 2023 monthly Jan 2000 - Aug 2023
Australia (% pa) 4.44 Nov 2024 monthly Jun 1969 - Nov 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) 5.12 Sep 2024 quarterly Jun 2003 - Sep 2024
Bangladesh (% pa) 6.63 May 2023 monthly Sep 2003 - May 2023
Belarus (% pa) 10.50 Jul 2024 monthly Apr 2003 - Jul 2024
Belgium (% pa) -0.57 Nov 2021 monthly Dec 1998 - Nov 2021
Bolivia (% pa) 6.17 Sep 2024 monthly Jan 1998 - Sep 2024
Botswana (% pa) -1.18 Oct 2024 monthly Jan 2003 - Oct 2024
Bulgaria (% pa) -0.05 Jun 2018 monthly Feb 2003 - Jun 2018
Cambodia (% pa) 1.33 Nov 2024 monthly Dec 2016 - Nov 2024
Canada (% pa) 3.39 Nov 2024 monthly Jan 1993 - Nov 2024
China (% pa) 1.85 Nov 2024 monthly Oct 2006 - Nov 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) 3.89 Nov 2024 monthly Apr 1992 - Nov 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) 27.47 Nov 2024 monthly Jan 2001 - Nov 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) 7.48 Nov 2024 monthly Feb 2008 - Nov 2024
Germany (% pa) -0.57 Nov 2021 monthly Dec 1998 - Nov 2021
Ghana (% pa) 25.80 Oct 2024 monthly Aug 1996 - Oct 2024
Greece (% pa) -0.57 Nov 2021 monthly Dec 1998 - Nov 2021
Hong Kong SAR, China (% pa) 4.31 Oct 2024 monthly Jul 1996 - Oct 2024
Hungary (% pa) 6.50 Nov 2024 monthly Aug 1996 - Nov 2024
Iceland (% pa) 8.70 Nov 2024 monthly Aug 1998 - Nov 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) 4.51 Nov 2024 monthly Mar 2007 - Nov 2024
Italy (% pa) -0.57 Nov 2021 monthly Dec 1998 - Nov 2021
Japan (% pa) 0.57 Nov 2024 monthly Jan 1997 - Nov 2024
Jordan (% pa) 7.62 Nov 2024 monthly Aug 2005 - Nov 2024
Kazakhstan (% pa) 10.50 Nov 2020 monthly Jul 2000 - Nov 2020
Kenya (% pa) 15.85 Aug 2024 monthly Jul 1991 - Aug 2024
South Korea (% pa) 3.30 Nov 2024 monthly Jul 2004 - Nov 2024
Kosovo (% pa) -0.57 Nov 2021 monthly Dec 1998 - Nov 2021
Kuwait (% pa) 3.94 Nov 2024 monthly Nov 2001 - Nov 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) 4.52 Nov 2024 monthly Jul 2007 - Nov 2024
Malawi (% pa) 16.00 Oct 2024 monthly Jan 1983 - Oct 2024
Malaysia (% pa) 3.62 Nov 2024 monthly Jan 1988 - Nov 2024
Malta (% pa) -0.57 Nov 2021 monthly Dec 1998 - Nov 2021
Mauritius (% pa) 2.75 Oct 2024 monthly Apr 1998 - Oct 2024
Mexico (% pa) 10.67 Nov 2024 monthly Jan 1997 - Nov 2024
Moldova (% pa) 7.62 Nov 2024 monthly Dec 2005 - Nov 2024
Montenegro (% pa) -0.57 Nov 2021 monthly Dec 1998 - Nov 2021
Morocco (% pa) 2.75 Nov 2024 monthly Jan 1995 - Nov 2024
Mozambique (% pa) 14.99 Sep 2024 monthly Nov 2005 - Sep 2024
Myanmar (% pa) 4.00 2023 yearly 1986 - 2023
Nepal (% pa) 2.77 Nov 2024 monthly Feb 1993 - Nov 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) 28.11 Nov 2024 monthly Jan 2010 - Nov 2024
Norway (% pa) 1.77 Jan 2020 monthly Jan 1986 - Jan 2020
Oman (% pa) 0.00 Sep 2024 monthly Jan 2004 - Sep 2024
Pakistan (% pa) 22.91 Jun 2023 monthly Nov 2004 - Jun 2023
Panama (% pa) 4.98 Sep 2024 monthly Jan 2006 - Sep 2024
Philippines (% pa) 5.62 Nov 2024 monthly Jan 1975 - Nov 2024
Poland (% pa) 5.85 Nov 2024 monthly Jan 1999 - Nov 2024
Portugal (% pa) -0.57 Nov 2021 monthly Dec 1998 - Nov 2021
Qatar (% pa) 5.09 Oct 2024 monthly Jul 2004 - Oct 2024
Romania (% pa) 5.93 Nov 2024 monthly Aug 1995 - Nov 2024
Russia (% pa) 9.71 Jul 2023 monthly Aug 2000 - Jul 2023
Saudi Arabia (% pa) 5.62 Oct 2024 monthly Jan 2007 - Oct 2024
Serbia (% pa) 4.71 Nov 2024 monthly Aug 2005 - Nov 2024
Singapore (% pa) 3.30 Nov 2024 monthly Oct 1995 - Nov 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) 7.98 Oct 2024 monthly Dec 1980 - Oct 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) 0.81 Nov 2024 monthly Jul 1999 - Nov 2024
Taiwan (% pa) 1.68 Nov 2024 monthly Oct 2005 - Nov 2024
Thailand (% pa) 2.40 Nov 2024 monthly Jan 2005 - Nov 2024
Turkey (% pa) 16.01 Jun 2022 monthly Aug 2002 - Jun 2022
Ukraine (% pa) 2.17 Oct 2024 monthly Jan 2006 - Oct 2024
United Arab Emirates (% pa) 4.61 Oct 2024 monthly Oct 2009 - Oct 2024
United Kingdom (% pa) 0.09 Apr 2021 monthly Jan 1986 - Apr 2021
United States (% pa) 4.39 Nov 2024 monthly Jan 1954 - Nov 2024
Uruguay (% pa) 8.99 Nov 2024 monthly Sep 2002 - Nov 2024
Venezuela (% pa) 43.78 Jun 2023 monthly Jan 1998 - Jun 2023
Vietnam (% pa) 5.52 Nov 2024 monthly Jul 2004 - Nov 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

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: Capital (NGN bn) 250.290 Jun 2024 quarterly Mar 2005 - Jun 2024
Federal Govt Balance (NGN bn) -4,533.420 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 Revenue (NGN bn) 2,305.540 Jun 2024 quarterly Mar 2005 - Jun 2024
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
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
Total Trade (NGN mn) 10,432,090.965 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
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 (NGN mn) 6,047,190.706 Sep 2024 monthly Jan 2003 - Sep 2024
Exports: Europe: ow UK (NGN mn) 180,704.134 Sep 2024 monthly Jan 2003 - Sep 2024
Exports: Mineral Products (NGN mn) 33,075,147.443 2023 yearly 2003 - 2023
Exports: Vegetable Products (NGN mn) 786,963.687 2023 yearly 2003 - 2023
Exports: Plastic and Articles Thereof, Rubber and Articles Thereof (NGN mn) 53,170.162 2023 yearly 2003 - 2023
Imports: Europe: ow Netherlands (NGN mn) 201,091.335 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: Europe: ow Germany (NGN mn) 135,143.103 Sep 2024 monthly Jan 2003 - Sep 2024
Imports: Europe: ow UK (NGN mn) 134,085.602 Sep 2024 monthly Jan 2003 - Sep 2024
Imports: Chemicals and Chemical Products (NGN mn) 614,100.231 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: Manufactured Goods (NGN mn) 488,494.173 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) 21,896.535 Aug 2024 monthly Nov 1992 - Aug 2024
Money Supply M2 (USD mn) 67,150.889 Aug 2024 monthly Nov 1992 - Aug 2024
M2 Growth (%) 63.3 Aug 2024 monthly Nov 1993 - Aug 2024
Reserve Requirement Ratio (%) 50.0 Nov 2024 monthly Nov 2005 - Nov 2024
Foreign Exchange Reserves (USD mn) 34,762.2 Jun 2024 monthly Jan 1960 - Jun 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) 73,616.6 Sep 2024 monthly Nov 1992 - Sep 2024
Domestic Credit Growth (%) 33.3 Aug 2024 monthly Nov 1993 - Aug 2024
Private Debt: % of Nominal GDP (%) 20.83 Jun 2024 quarterly Dec 2010 - Jun 2024
Monetary Survey: Liabilities: M2: Quasi Money (NGN mn) 72,232,284.010 Aug 2024 monthly Nov 1992 - Aug 2024
Monetary Survey: Liabilities: M2: M1 (NGN mn) 34,949,935.480 Aug 2024 monthly Nov 1992 - Aug 2024
Monetary Survey: Liabilities: M2 (NGN mn) 107,182,219.490 Aug 2024 monthly Nov 1992 - Aug 2024
Monetary Survey: Liabilities: M3 (NGN mn) 35,345,802.020 Jun 2020 monthly Nov 1992 - Jun 2020
Monetary Survey: Liabilities: Base Money (NGN mn) 26,891,229.280 Aug 2024 monthly Jan 1993 - Aug 2024
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) 12.8 Oct 2024 monthly Jul 2015 - Oct 2024

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