Deposit Interest Rate in Nigeria
Deposit Interest Rate in Nigeria
| Indicator | Data | Period |
|---|---|---|
| Deposit Interest Rate | 3.13 % | Feb/21 |
Latest data on Deposit Interest Rate (%)
What is average deposit bank interest rate in Nigeria?
- Bank Deposit Interest Rate in Nigeria increased to 3.13 % in February 2021. The maximum rate was 27 % and minimum was 2 %.
- Data published Monthly by World Bank.
Historical Data (%) by years
Data
Period
Date
| 3.13 | Feb/21 | 10.04.2021 |
| 2.74 | Dec/20 | 30.01.2021 |
| 2.9 | Nov/20 | 16.01.2021 |
| 4.05 | Aug/20 | 17.10.2020 |
| 4.31 | Jul/20 | 12.09.2020 |
| 4.7 | Jun/20 | 08.09.2020 |
| 5.67 | May/20 | 18.07.2020 |
| 5.99 | Apr/20 | 20.06.2020 |
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 | Dec/17 | 0 % | 0 |
| Interest Rate | Mar/21 | 11.5 % | 11.5 |
| Money Supply M1 | Feb/21 | 40.489 B USD | 39.045 |
| Foreign Direct Investment | 4Q/20 | 0.439 B USD | 0.775 |
| Private Sector Credit | Feb/21 | 75.152 B USD | 74.886 |
Deposit Interest Rate in other countries
| Country | Updated | Actual | Previous |
| Kenya | 2020 | 6.97 % | 7.5 |
| Madagascar | Jan/21 | 13.75 % | 13.75 |
| Tanzania | 3Q/19 | 7.5 % | 7.3 |
| Togo | 2017 | 6.49 % | 6.93 |
| Nigeria | Feb/21 | 3.13 % | 2.88 |
| Morocco | 2019 | 3 % | 3.1 |
| Senegal | 2017 | 6.49 % | 6.93 |
| Seychelles | 2020 | 3.48 % | 3.58 |
| South Africa | Jan/21 | 3.8 % | 3.92 |
| Uganda | Feb/21 | 9.79 % | 9.89 |
| Rwanda | 2020 | 7.64 % | 7.64 |
| Zambia | Feb/21 | 7.93 % | 7.85 |
| Namibia | 2020 | 4.16 % | 5.7 |
| Swaziland | 2020 | 2.47 % | 3.7 |
| Libya | 2014 | 2.5 % | 2.5 |
| Algeria | Jan/21 | 1.75 % | 1.75 |
| Angola | 2019 | 6.42 % | 6.88 |
| Benin | 2017 | 6.49 % | 6.93 |
| Botswana | Feb/21 | 1.36 % | 1.36 |
| Burkina Faso | 2017 | 6.5 % | 6.9 |
| Central African Republic | 2017 | 2.45 % | 2.45 |
| Chad | 2017 | 2.45 % | 2.45 |
| Comoros | 2020 | 1.75 % | 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 | 2019 | 5 % | 5.17 |
| Guinea Bissau | 2017 | 6.49 % | 6.93 |
| Lesotho | 2020 | 3.78 % | 3.78 |
| Mali | 2017 | 6.5 % | 6.9 |
| Niger | 2017 | 6.49 % | 6.93 |
| Sao Tome and Principe | 2Q/19 | 3.36 % | 3.28 |
| Sierra Leone | 2020 | 10 % | 10 |
