Deposit Interest Rate in Nigeria
Deposit Interest Rate in Nigeria
| Indicator | Data | Period |
|---|---|---|
| Deposit Interest Rate | 4.41 % | Mar/22 |
Latest data on Deposit Interest Rate (%)
What is average deposit bank interest rate in Nigeria?
- Bank Deposit Interest Rate in Nigeria decreased to 4.41 % in March 2022. The maximum rate was 27 % and minimum was 2 %.
- Data published Monthly by World Bank.
Historical Data (%) by years
Data
Period
Date
| 4.41 | Mar/22 | 30.04.2022 |
| 4.48 | Feb/22 | 26.04.2022 |
| 5 | Jan/22 | 13.03.2022 |
| 4.94 | Dec/21 | 12.02.2022 |
| 5.02 | Oct/21 | 18.01.2022 |
| 4.8 | Aug/21 | 12.10.2021 |
| 4.78 | Jul/21 | 13.09.2021 |
| 4.96 | Jun/21 | 28.08.2021 |
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 | May/22 | 10.11 % | 10.11 |
| Interest Rate | May/22 | 13 % | 11.5 |
| Money Supply M1 | Mar/22 | 47.222 B USD | 45.476 |
| Foreign Direct Investment | 2Q/21 | 1.564 B USD | 2.138 |
| Private Sector Credit | Mar/22 | 87.592 B USD | 88.894 |
Deposit Interest Rate in other countries
| Country | Updated | Actual | Previous |
| Kenya | 2020 | 6.97 % | 7.5 |
| Madagascar | Feb/22 | 13.75 % | 13.75 |
| Tanzania | 3Q/19 | 7.5 % | 7.3 |
| Togo | 2017 | 6.49 % | 6.93 |
| Nigeria | Mar/22 | 4.41 % | 4.48 |
| Morocco | 2021 | 2.6 % | 2.9 |
| Senegal | 2017 | 6.49 % | 6.93 |
| Seychelles | 2021 | 2.86 % | 3.48 |
| South Africa | Mar/22 | 4.41 % | 4.22 |
| Uganda | Mar/22 | 8.56 % | 8.49 |
| Rwanda | 2021 | 8.11 % | 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 | Mar/22 | 1.75 % | 1.75 |
| Angola | 2021 | 7.05 % | 6.2 |
| Benin | 2017 | 6.49 % | 6.93 |
| Botswana | Mar/22 | 1.48 % | 1.44 |
| 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 | 2020 | 4.63 % | 5.01 |
| Guinea Bissau | 2017 | 6.49 % | 6.93 |
| Lesotho | 2021 | 3.53 % | 3.53 |
| Mali | 2017 | 6.5 % | 6.9 |
| Niger | 2017 | 6.49 % | 6.93 |
| Sao Tome and Principe | 2Q/19 | 3.36 % | 3.28 |
| Sierra Leone | 2022 | 9 % | 8.25 |
