Deposit Interest Rate in Nigeria
Deposit Interest Rate in Nigeria
| Indicator | Data | Period |
|---|---|---|
| Deposit Interest Rate | 7.55 % | Aug/23 |
Latest data on Deposit Interest Rate (%)
What is average deposit bank interest rate in Nigeria?
- Bank Deposit Interest Rate in Nigeria decreased to 7.55 % in August 2023. The maximum rate was 27 % and minimum was 2 %.
- Data published Monthly by World Bank.
Historical Data (%) by years
Data
Period
Date
| 7.55 | Aug/23 | 11.10.2023 |
| 7.62 | Jul/23 | 18.08.2023 |
| 7.68 | Jun/23 | 02.08.2023 |
| 7.95 | May/23 | 04.07.2023 |
| 7.92 | Apr/23 | 01.06.2023 |
| 7.63 | Mar/23 | 04.05.2023 |
| 8.76 | Jan/23 | 01.03.2023 |
| 8.79 | Dec/22 | 10.02.2023 |
Historical Chart by presidents (%)
Deposit Interest Rate in Nigeria by presidents
| Name | Period | Start Data | End Data | Max Value | Min Value | CHG% Start/End |
|---|
Other money indicators in Nigeria
| Index | Updated | Actual | Previous |
| Interbank Rate | Oct/23 | 11.94 % | 11.94 |
| Interest Rate | Aug/23 | 18.75 % | 18.75 |
| Money Supply M1 | Aug/23 | 31.461 B USD | 31.637 |
| Foreign Direct Investment | 4Q/22 | 0.753 B USD | 0.726 |
| Private Sector Credit | Aug/23 | 71.719 B USD | 70.929 |
Deposit Interest Rate in other countries
| Country | Updated | Actual | Previous |
| Kenya | 2021 | 6.69 % | 6.97 |
| Madagascar | Jun/23 | 13 % | 13 |
| Tanzania | 3Q/19 | 7.5 % | 7.3 |
| Togo | 2017 | 6.49 % | 6.93 |
| Nigeria | Aug/23 | 7.55 % | 7.62 |
| Morocco | 2022 | 2.5 % | 2.6 |
| Senegal | 2017 | 6.49 % | 6.93 |
| Seychelles | 2022 | 1.67 % | 2.79 |
| South Africa | Jul/23 | 6.81 % | 6.8 |
| Uganda | Aug/23 | 10.42 % | 10.98 |
| Rwanda | 2022 | 7.58 % | 8.05 |
| Zambia | Jun/21 | 8.11 % | 8.22 |
| Namibia | 2022 | 3.72 % | 2.94 |
| Swaziland | 2022 | 2.54 % | 1.78 |
| Libya | 2014 | 2.5 % | 2.5 |
| Algeria | Aug/23 | 1.75 % | 1.75 |
| Angola | 2022 | 7.1 % | 7.05 |
| Benin | 2017 | 6.49 % | 6.93 |
| Botswana | Jul/23 | 2.63 % | 1.31 |
| Burkina Faso | 2017 | 6.5 % | 6.9 |
| Central African Republic | 2017 | 2.45 % | 2.45 |
| Chad | 2017 | 2.45 % | 2.45 |
| Comoros | 2022 | 2.06 % | 1.75 |
| Republic of the Congo | 2017 | 2.45 % | 2.45 |
| Djibouti | 2017 | 1.65 % | 1.5 |
| Equatorial Guinea | 2017 | 2.45 % | 2.45 |
| Gabon | 2017 | 2.45 % | 2.45 |
| Gambia | 2Q/19 | 9 % | 9 |
| Guatemala | 2022 | 3.91 % | 4.14 |
| Guinea Bissau | 2017 | 6.49 % | 6.93 |
| Lesotho | 2023 | 4.74 % | 4.66 |
| Mali | 2017 | 6.5 % | 6.9 |
| Niger | 2017 | 6.49 % | 6.93 |
| Sao Tome and Principe | 2Q/19 | 3.36 % | 3.28 |
| Sierra Leone | 2023 | 14.75 % | 12.75 |
