Lending Rate in Nigeria decreased to 11.13 percent in March from 11.21 percent in February of 2021. source: Central Bank of Nigeria
Lending Rate in Nigeria averaged 14.11 percent from 1961 until 2021, 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 July of 2021.
Lending Rate in Nigeria is expected to be 11.13 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 12.13 in 12 months time. In the long-term, the Nigeria Lending Rate is projected to trend around 12.13 percent in 2022 and 12.63 percent in 2023, according to our econometric models.