Nigeria Interest Rates
Nigeria NG: Deposit Interest Rate
NG: Deposit Interest Rate data was reported at 9.554 % pa in 2017. This records an increase from the previous number of 7.497 % pa for 2016. NG: Deposit Interest Rate data is updated yearly, averaging 9.339 % pa from Dec 1970 (Median) to 2017, with 47 observations. The data reached an all-time high of 23.242 % pa in 1993 and a record low of 2.667 % pa in 1976. NG: Deposit Interest Rate data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Nigeria – Table NG.World Bank.WDI: Interest Rates. Deposit interest rate is the rate paid by commercial or similar banks for demand, time, or savings deposits. The terms and conditions attached to these rates differ by country, however, limiting their comparability.; ; International Monetary Fund, International Financial Statistics and data files.; ;
| Last | Frequency | Range |
|---|---|---|
| 9.55 2017 | yearly | 1970 - 2017 |
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Nigeria NG: Interest Rate Spread
NG: Interest Rate Spread data was reported at 8.027 % pa in 2017. This records a decrease from the previous number of 9.370 % pa for 2016. NG: Interest Rate Spread data is updated yearly, averaging 5.767 % pa from Dec 1970 (Median) to 2017, with 47 observations. The data reached an all-time high of 11.064 % pa in 2010 and a record low of 0.317 % pa in 1985. NG: Interest Rate Spread data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Nigeria – Table NG.World Bank.WDI: Interest Rates. Interest rate spread is the interest rate charged by banks on loans to private sector customers minus the interest rate paid by commercial or similar banks for demand, time, or savings deposits. The terms and conditions attached to these rates differ by country, however, limiting their comparability.; ; International Monetary Fund, International Financial Statistics and data files.; Median;
| Last | Frequency | Range |
|---|---|---|
| 8.03 2017 | yearly | 1970 - 2017 |
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Nigeria NG: Lending Interest Rate
NG: Lending Interest Rate data was reported at 17.580 % pa in 2017. This records an increase from the previous number of 16.867 % pa for 2016. NG: Lending Interest Rate data is updated yearly, averaging 16.849 % pa from Dec 1970 (Median) to 2017, with 47 observations. The data reached an all-time high of 31.650 % pa in 1993 and a record low of 6.000 % pa in 1977. NG: Lending Interest Rate data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Nigeria – Table NG.World Bank.WDI: Interest Rates. Lending rate is the bank rate that usually meets the short- and medium-term financing needs of the private sector. This rate is normally differentiated according to creditworthiness of borrowers and objectives of financing. The terms and conditions attached to these rates differ by country, however, limiting their comparability.; ; International Monetary Fund, International Financial Statistics and data files.; ;
| Last | Frequency | Range |
|---|---|---|
| 17.58 2017 | yearly | 1970 - 2017 |
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Nigeria NG: Real Interest Rate
NG: Real Interest Rate data was reported at 5.817 % pa in 2017. This records a decrease from the previous number of 6.685 % pa for 2016. NG: Real Interest Rate data is updated yearly, averaging 1.569 % pa from Dec 1970 (Median) to 2017, with 47 observations. The data reached an all-time high of 25.282 % pa in 1998 and a record low of -43.573 % pa in 1995. NG: Real Interest Rate data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Nigeria – Table NG.World Bank.WDI: Interest Rates. Real interest rate is the lending interest rate adjusted for inflation as measured by the GDP deflator. The terms and conditions attached to lending rates differ by country, however, limiting their comparability.; ; International Monetary Fund, International Financial Statistics and data files using World Bank data on the GDP deflator.; ;
| Last | Frequency | Range |
|---|---|---|
| 5.82 2017 | yearly | 1970 - 2017 |
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Nigeria NG: Risk Premium on Lending: Lending Rate Minus Treasury Bill Rate
NG: Risk Premium on Lending: Lending Rate Minus Treasury Bill Rate data was reported at 6.753 % pa in 2016. This records a decrease from the previous number of 7.455 % pa for 2015. NG: Risk Premium on Lending: Lending Rate Minus Treasury Bill Rate data is updated yearly, averaging 6.753 % pa from Dec 1992 (Median) to 2016, with 25 observations. The data reached an all-time high of 14.577 % pa in 2009 and a record low of 2.473 % pa in 1999. NG: Risk Premium on Lending: Lending Rate Minus Treasury Bill Rate data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Nigeria – Table NG.World Bank: Interest Rates. Risk premium on lending is the interest rate charged by banks on loans to private sector customers minus the 'risk free' treasury bill interest rate at which short-term government securities are issued or traded in the market. In some countries this spread may be negative, indicating that the market considers its best corporate clients to be lower risk than the government. The terms and conditions attached to lending rates differ by country, however, limiting their comparability.; ; International Monetary Fund, International Financial Statistics database.; ;
| Last | Frequency | Range |
|---|---|---|
| 6.75 2016 | yearly | 1992 - 2016 |