Lending Rate in Nigeria decreased to 15.33 percent in May from 18.23 percent in April of 2019. Lending Rate in Nigeria averaged 14.13 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 16.08 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 16.08 in 12 months time. In the long-term, the Nigeria Lending Rate is projected to trend around 17.08 percent in 2020, according to our econometric models.

Nigeria Lending Rate
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Nigeria Money Last Previous Highest Lowest Unit
Interest Rate 13.50 13.50 14.00 6.00 percent [+]
Cash Reserve Ratio 22.50 22.50 31.00 1.00 percent [+]
Money Supply M0 2111848.42 2158698.81 2329706.58 193939.30 NGN Million [+]
Money Supply M1 11385054.63 11252429.94 11751139.21 396991.90 NGN Million [+]
Money Supply M2 34897619.81 35167529.95 35167529.95 648506.60 NGN Million [+]
Foreign Exchange Reserves 44940.00 45070.00 62081.86 63.22 USD Million [+]
Deposit Interest Rate 9.48 9.68 27.00 2.00 percent [+]
Lending Rate 15.33 18.23 37.80 6.00 percent [+]


Nigeria Lending Rate

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 August of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
15.33 18.23 37.80 6.00 1961 - 2019 percent Monthly




Country Last Previous
Turkey 21.25 Jul/19
Indonesia 6.50 Jul/19
United Kingdom 1.00 Aug/19
Euro Area 0.25 Aug/19


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