Nigeria Lending Rate

Lending Rate in Nigeria decreased to 16.01 percent in January from 16.17 percent in December of 2018. Lending Rate in Nigeria averaged 14.11 percent from 1961 until 2019, reaching an all time high of 37.80 percent in September of 1993 and a record low of 6 percent in April of 1975.

Lending Rate in Nigeria is expected to be 16.01 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Lending Rate in Nigeria to stand at 16.01 in 12 months time. In the long-term, the Nigeria Lending Rate is projected to trend around 16.26 percent in 2020, according to our econometric models.

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Nigeria Money	Last	Previous	Highest	Lowest	Unit
Interest Rate	13.50	14.00	14.00	6.00	percent	[+]
Cash Reserve Ratio	22.50	22.50	31.00	1.00	percent	[+]
Money Supply M0	2241313.48	2139666.39	2329706.58	193939.30	NGN Million	[+]
Money Supply M1	11028859.34	11135887.40	11751139.21	396991.90	NGN Million	[+]
Money Supply M2	34798025.93	33824861.31	34798025.93	648506.60	NGN Million	[+]
Foreign Exchange Reserves	42330.00	43170.00	62081.86	63.22	USD Million	[+]
Deposit Interest Rate	9.69	9.50	27.00	2.00	percent	[+]
Lending Rate	16.01	16.17	37.80	6.00	percent	[+]
Money Supply M3	35116968.08	34255438.69	35116968.08	10478417.29	NGN Million	[+]

This page provides - Nigeria Lending Rate- actual values, historical data, forecast, chart, statistics, economic calendar and news. Nigeria Lending Rate - actual data, historical chart and calendar of releases - was last updated on April of 2019.

	Actual	Previous	Highest	Lowest	Dates	Unit	Frequency
	16.01	16.17	37.80	6.00	1961 - 2019	percent	Monthly

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Country	Last		Previous	Range
Turkey	25.50	Jan/19	25.5	2300 : 6.5	%
South Africa	10.00	Apr/18	10	25.5 : 5	%
Indonesia	6.75	Mar/19	6.75	15.75 : 5	%
United Kingdom	1.00	Mar/19	1	4.75 : 0.5	%
Euro Area	0.25	Apr/19	0.25	5.75 : 0.25	%