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 |
