Nigeria Lending Rates
Nigeria Maximum Lending Rate
Maximum Lending Rate data was reported at 30.670 % pa in Oct 2018. This records a decrease from the previous number of 30.770 % pa for Sep 2018. Maximum Lending Rate data is updated monthly, averaging 23.570 % pa from Jan 2006 (Median) to Oct 2018, with 154 observations. The data reached an all-time high of 31.560 % pa in Apr 2018 and a record low of 17.170 % pa in May 2007. Maximum Lending Rate data remains active status in CEIC and is reported by Central Bank of Nigeria. The data is categorized under Global Database’s Nigeria – Table NG.M003: Lending Rates.
| Last | Frequency | Range |
|---|---|---|
| 31.29 May 2018 | monthly | Jan 2006 - May 2018 |
View Nigeria's Nigeria Maximum Lending Rate from Jan 2006 to May 2018 in the chart:
Prime Lending Rate
Prime Lending Rate data was reported at 16.750 % pa in Sep 2024. This records a decrease from the previous number of 17.010 % pa for Aug 2024. Prime Lending Rate data is updated monthly, averaging 16.510 % pa from Jan 2006 (Median) to Sep 2024, with 225 observations. The data reached an all-time high of 19.660 % pa in Nov 2009 and a record low of 11.130 % pa in Mar 2021. Prime Lending Rate data remains active status in CEIC and is reported by Central Bank of Nigeria. The data is categorized under Global Database’s Nigeria – Table NG.M003: Lending Rates.
| Last | Frequency | Range |
|---|---|---|
| 16.750 Sep 2024 | monthly | Jan 2006 - Sep 2024 |