Bank of Nigeria Interest Rate
Interest Rate in Nigeria
| Indicator | Data | Period |
|---|---|---|
| Interest Rate | 18.75 % | Aug/23 |
Latest data on Interest Rate (%)
What is Bank of Nigeria Interest Rate?
- Interest Rate in Nigeria remained unchanged at 18.75 % in August 2023. The maximum level was 14 % and minimum was 6 %.
- Data published Monthly by Central Bank.
Historical Data (%) by years
Data
Period
Date
| 18.75 | Aug/23 | 07.09.2023 |
| 18.75 | Jul/23 | 25.07.2023 |
| 18.5 | Jun/23 | 14.07.2023 |
| 18.5 | May/23 | 24.05.2023 |
| 18 | Apr/23 | 13.04.2023 |
| 18 | Mar/23 | 21.03.2023 |
| 17.5 | Feb/23 | 07.03.2023 |
| 17.5 | Jan/23 | 24.01.2023 |
Historical Chart by presidents (%)
Interest Rate in Nigeria by presidents
| Name | Period | Start Data | End Data | Max Value | Min Value | CHG% Start/End |
|---|---|---|---|---|---|---|
| Muhammadu Buhari | 29.05.2015 - | 14.0000 | 14.0000 | 14.0000 | 14.0000 | 0.00% |
Other money indicators in Nigeria
| Index | Updated | Actual | Previous |
| Interbank Rate | Oct/23 | 11.94 % | 11.94 |
| Money Supply M1 | Aug/23 | 31.461 B USD | 31.637 |
| Deposit Interest Rate | Aug/23 | 7.55 % | 7.62 |
| Foreign Direct Investment | 4Q/22 | 0.753 B USD | 0.726 |
| Private Sector Credit | Aug/23 | 71.719 B USD | 70.929 |
Interest Rate in other countries
| Country | Updated | Actual | Previous |
| Egypt | Sep/23 | 19.25 % | 19.25 |
| Kenya | Oct/23 | 10.5 % | 10.5 |
| Madagascar | Aug/23 | 9.5 % | 9.5 |
| Zimbabwe | 15 | 130 % | 150 |
| Tanzania | Sep/23 | 5 % | 5 |
| Togo | Sep/23 | 5.25 % | 5 |
| Tunisia | Sep/23 | 8 % | 8 |
| Nigeria | Aug/23 | 18.75 % | 18.75 |
| Sudan | Jan/23 | 27.3 % | 26.82 |
| Morocco | Sep/23 | 3 % | 3 |
| Senegal | Sep/23 | 5.25 % | 5 |
| Seychelles | Sep/23 | 2 % | 2 |
| South Africa | Sep/23 | 8.25 % | 8.25 |
| Uganda | Oct/23 | 9.5 % | 9.5 |
| Rwanda | Sep/23 | 7.5 % | 7.5 |
| Liberia | Sep/23 | 20 % | 20 |
| Zambia | Sep/23 | 10 % | 10 |
| Mozambique | Sep/23 | 17.25 % | 17.25 |
| Namibia | Sep/23 | 7.75 % | 7.75 |
| Ghana | Sep/23 | 30 % | 30 |
| Swaziland | Sep/23 | 7.5 % | 7.5 |
| Libya | Aug/23 | 3 % | 3 |
| Algeria | Aug/23 | 3 % | 3 |
| Angola | Sep/23 | 17 % | 17 |
| Benin | Sep/23 | 5.25 % | 5 |
| Botswana | Sep/23 | 2.65 % | 2.65 |
| Burkina Faso | Sep/23 | 5.25 % | 5 |
| Burundi | Jun/23 | 7.49 % | 7.75 |
| Central African Republic | Aug/23 | 5 % | 5 |
| Chad | Sep/23 | 5 % | 5 |
| Comoros | Dec/22 | 3.08 % | 2.87 |
| Republic of the Congo | Aug/23 | 5 % | 5 |
| Equatorial Guinea | Sep/23 | 5 % | 5 |
| Ethiopia | Sep/23 | 7 % | 7 |
| Gabon | Sep/23 | 5 % | 5 |
| Gambia | Sep/23 | 17 % | 17 |
| Guatemala | Sep/23 | 5 % | 5 |
| Guinea | Sep/23 | 11.5 % | 11.5 |
| Guinea Bissau | Sep/23 | 5.25 % | 5 |
| Lesotho | Sep/23 | 7.75 % | 7.75 |
| Malawi | Sep/23 | 24 % | 24 |
| Mali | Sep/23 | 5.25 % | 5 |
| Mauritania | Sep/23 | 8 % | 8 |
| Niger | Sep/23 | 5.25 % | 5 |
| Sao Tome and Principe | Aug/23 | 10 % | 10 |
| Sierra Leone | Sep/23 | 21.25 % | 19.25 |
