Lending Rate in Nigeria decreased to 11.76 percent in August from 14.99 percent in July of 2020.

Lending Rate in Nigeria averaged 14.14 percent from 1961 until 2020, reaching an all time high of 37.80 percent in September of 1993 and a record low of 6 percent in April of 1975. This page provides - Nigeria Lending Rate- actual values, historical data, forecast, chart, statistics, economic calendar and news. Nigeria Lending Rate - values, historical data and charts - was last updated on October of 2020. source: Central Bank of Nigeria

Lending Rate in Nigeria is expected to be 16.51 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 13.99 in 12 months time. In the long-term, the Nigeria Lending Rate is projected to trend around 16.51 percent in 2021 and 13.99 percent in 2022, according to our econometric models.

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Nigeria Lending Rate

Actual Previous Highest Lowest Dates Unit Frequency
11.76 14.99 37.80 6.00 1961 - 2020 percent Monthly

Nigeria Money Last Previous Highest Lowest Unit
Interest Rate 11.50 12.50 14.00 6.00 percent [+]
Cash Reserve Ratio 27.50 27.50 31.00 1.00 percent [+]
Money Supply M0 2395917.03 2395917.03 2442985.64 193939.30 NGN Million [+]
Money Supply M1 12582151.19 12582151.19 12582151.19 396991.90 NGN Million [+]
Money Supply M2 33346630.22 33346630.22 35167529.95 648506.60 NGN Million [+]
Foreign Exchange Reserves 35660.00 35900.00 62081.86 63.22 USD Million [+]
Deposit Interest Rate 4.05 4.31 27.00 2.00 percent [+]
Lending Rate 11.76 14.99 37.80 6.00 percent [+]