Deposit Interest Rate in Nigeria
Deposit Interest Rate in Nigeria
Indicator | Data | Period |
---|---|---|
Deposit Interest Rate | 8.45 % | Nov/22 |
Latest data on Deposit Interest Rate (%)
What is average deposit bank interest rate in Nigeria?
- Bank Deposit Interest Rate in Nigeria increased to 8.45 % in November 2022. The maximum rate was 27 % and minimum was 2 %.
- Data published Monthly by World Bank.
Historical Data (%) by years
Data
Period
Date
8.45 | Nov/22 | 09.01.2023 |
8.01 | Oct/22 | 05.12.2022 |
6.99 | Sep/22 | 02.11.2022 |
6.79 | Aug/22 | 24.09.2022 |
4.96 | Jul/22 | 27.08.2022 |
4.55 | Jun/22 | 23.07.2022 |
4.44 | Apr/22 | 11.06.2022 |
4.41 | Mar/22 | 30.04.2022 |
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 | Feb/23 | 13.8 % | 13.8 |
Interest Rate | Jan/23 | 17.5 % | 16.5 |
Money Supply M1 | Dec/22 | 44.916 B USD | 46.689 |
Foreign Direct Investment | 2Q/22 | -1.59 B USD | -0.182 |
Private Sector Credit | Dec/22 | 90.763 B USD | 90.284 |
Deposit Interest Rate in other countries
Country | Updated | Actual | Previous |
Kenya | 2021 | 6.69 % | 6.97 |
Madagascar | Aug/22 | 13 % | 13 |
Tanzania | 3Q/19 | 7.5 % | 7.3 |
Togo | 2017 | 6.49 % | 6.93 |
Nigeria | Nov/22 | 8.45 % | 8.01 |
Morocco | 2021 | 2.6 % | 2.9 |
Senegal | 2017 | 6.49 % | 6.93 |
Seychelles | 2021 | 2.86 % | 3.48 |
South Africa | Nov/22 | 5.99 % | 5.71 |
Uganda | Dec/22 | 10.72 % | 10.7 |
Rwanda | 2021 | 8.05 % | 7.64 |
Zambia | Jun/21 | 8.11 % | 8.22 |
Namibia | 2021 | 4.02 % | 4.16 |
Swaziland | 2021 | 1.78 % | 2.47 |
Libya | 2014 | 2.5 % | 2.5 |
Algeria | Dec/22 | 1.75 % | 1.75 |
Angola | 2021 | 7.05 % | 6.2 |
Benin | 2017 | 6.49 % | 6.93 |
Botswana | Nov/22 | 1.53 % | 1.43 |
Burkina Faso | 2017 | 6.5 % | 6.9 |
Central African Republic | 2017 | 2.45 % | 2.45 |
Chad | 2017 | 2.45 % | 2.45 |
Comoros | 2021 | 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 | 2021 | 4.14 % | 4.63 |
Guinea Bissau | 2017 | 6.49 % | 6.93 |
Lesotho | 2022 | 3.48 % | 3.48 |
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 | 12.25 % | 11 |