Nigeria Bank Lending Rate

2006 - 2022 | Monthly | % pa | CEIC Data

Key information about Nigeria Bank Lending Rate

  • Nigeria Bank Lending Rate was reported at 12.230 % pa in Oct 2022.
  • This stayed constant from the previous number of 12.230 % pa for Sep 2022.
  • Nigeria Bank Lending Rate data is updated monthly, averaging 16.570 % pa from Jan 2006 to Oct 2022, with 202 observations.
  • The data reached an all-time high of 19.660 % pa in Nov 2009 and a record low of 11.130 % pa in Mar 2021.
  • Nigeria Bank Lending Rate data remains active status in CEIC and is reported by CEIC Data.
  • The data is categorized under World Trend Plus’s Global Economic Monitor – Table: Bank Lending Rate: Monthly: Middle East and Africa.

The Central Bank of Nigeria provides monthly weighted average Bank Lending Rate.

View Nigeria's Bank Lending Rate from Jan 2006 to Oct 2022 in the chart:

Nigeria Bank Lending Rate

What was Nigeria's Bank Lending Rate in Oct 2022?

Nigeria Bank Lending Rate was reported at 12.230 % pa in Oct 2022. See the table below for more data.

Last Previous Min Max Unit Frequency Range
12.230 Oct 2022 12.230 Sep 2022 11.130 Mar 2021 19.660 Nov 2009 % pa monthly Jan 2006 - Oct 2022

Bank Lending Rate by Country Comparison

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Includes Bank Lending Rate on 84 economies standardised by CEIC. Instant access to full history data in excel.
country/region Last Frequency Range
Albania (% pa) 6.550 Sep 2022 monthly Dec 1986 - Sep 2022
Algeria (% pa) 8.000 Sep 2022 monthly Jan 1995 - Sep 2022
Armenia (% pa) 11.725 Oct 2022 monthly Apr 1995 - Oct 2022
Austria (% pa) 2.120 Sep 2022 monthly Dec 1995 - Sep 2022
Azerbaijan (% pa) 14.336 Sep 2022 monthly Dec 2002 - Sep 2022
Bahrain (% pa) 5.010 Mar 2016 monthly Apr 1985 - Mar 2016
Bangladesh (% pa) 7.120 Sep 2022 monthly Jan 1976 - Sep 2022
Belarus (% pa) 13.530 Sep 2022 monthly Jan 2004 - Sep 2022
Belgium (% pa) 2.400 Sep 2022 monthly Jan 2003 - Sep 2022
Bolivia (% pa) 7.415 Oct 2022 monthly Jan 2001 - Oct 2022
Bosnia and Herzegovina (% pa) 3.868 Aug 2022 monthly Jan 2012 - Aug 2022
Botswana (% pa) 6.760 Aug 2022 monthly Jan 2003 - Aug 2022
Brunei (% pa) 5.500 01 Dec 2022 daily 01 Dec 2003 - 01 Dec 2022
Bulgaria (% pa) 3.722 Sep 2022 monthly Jan 1992 - Sep 2022
Canada (% pa) 5.450 Oct 2022 monthly Jan 1935 - Oct 2022
China (% pa) 3.650 19 Dec 2022 daily 20 Aug 2019 - 19 Dec 2022
Colombia (% pa) 19.760 Oct 2022 monthly Jan 1986 - Oct 2022
Cyprus (% pa) 4.135 Sep 2022 monthly Nov 2007 - Sep 2022
Czech Republic (% pa) 8.399 Sep 2022 monthly Jan 2004 - Sep 2022
Denmark (% pa) 2.394 Oct 2022 monthly Jan 2003 - Oct 2022
Ecuador (% pa) 8.490 Nov 2022 monthly Jan 2004 - Nov 2022
Egypt (% pa) 11.200 Oct 2022 monthly Jan 1976 - Oct 2022
Estonia (% pa) 4.450 Oct 2022 monthly Jan 1999 - Oct 2022
France (% pa) 2.050 Sep 2022 monthly Jan 2003 - Sep 2022
Georgia (% pa) 13.310 Oct 2022 monthly Jun 2002 - Oct 2022
Germany (% pa) 2.600 Sep 2022 monthly Jan 2003 - Sep 2022
Greece (% pa) 4.600 Sep 2022 monthly Sep 2002 - Sep 2022
Hong Kong SAR, China (% pa) 5.375 01 Dec 2022 daily 01 Jan 1981 - 01 Dec 2022
Hungary (% pa) 25.000 Oct 2022 monthly Sep 1988 - Oct 2022
Iceland (% pa) 9.226 Oct 2022 monthly Nov 1982 - Oct 2022
Indonesia (% pa) 8.460 Sep 2022 monthly Apr 1993 - Sep 2022
Israel (% pa) 2.942 Mar 2022 monthly Apr 2013 - Mar 2022
Italy (% pa) 1.997 Sep 2022 monthly Jan 1995 - Sep 2022
Japan (% pa) 1.475 Oct 2022 monthly Jan 1971 - Oct 2022
Jordan (% pa) 7.170 Jun 2022 monthly Jan 1999 - Jun 2022
Kazakhstan (% pa) 15.974 Sep 2022 monthly Jan 2002 - Sep 2022
Kenya (% pa) 12.410 Sep 2022 monthly Jul 1991 - Sep 2022
South Korea (% pa) 5.260 Oct 2022 monthly Jan 1996 - Oct 2022
Kosovo (% pa) 6.347 Jul 2019 monthly Jun 2004 - Jul 2019
Kuwait (% pa) 4.143 Sep 2022 monthly Apr 1979 - Sep 2022
Kyrgyzstan (% pa) 19.963 Aug 2022 monthly Jan 1996 - Aug 2022
Latvia (% pa) 4.210 Sep 2022 monthly Jan 2004 - Sep 2022
Lebanon (% pa) 5.090 Sep 2022 monthly Mar 1972 - Sep 2022
Lithuania (% pa) 3.670 Jul 2022 monthly Jan 2015 - Jul 2022
Luxembourg (% pa) 2.060 Sep 2022 monthly Jan 2003 - Sep 2022
Macau SAR, China (% pa) 5.375 Sep 2022 monthly Sep 2008 - Sep 2022
North Macedonia (% pa) 4.671 Sep 2022 monthly Jan 2005 - Sep 2022
Malawi (% pa) 13.900 Sep 2022 monthly Jan 1980 - Sep 2022
Malaysia (% pa) 4.432 Sep 2022 monthly Jan 1996 - Sep 2022
Malta (% pa) 3.230 Oct 2022 monthly Jan 1999 - Oct 2022
Mauritius (% pa) 5.270 Sep 2022 monthly Dec 1997 - Sep 2022
Mexico (% pa) 9.060 Sep 2022 monthly Sep 1993 - Sep 2022
Moldova (% pa) 14.312 Oct 2022 monthly Jan 2000 - Oct 2022
Mongolia (% pa) 15.122 Oct 2022 monthly Feb 1998 - Oct 2022
Montenegro (% pa) 5.600 Sep 2022 monthly Sep 2005 - Sep 2022
Mozambique (% pa) 22.500 Nov 2022 monthly Aug 1997 - Nov 2022
Myanmar (% pa) 14.500 May 2021 monthly Jan 1994 - May 2021
Nepal (% pa) 12.190 Oct 2022 monthly Nov 2013 - Oct 2022
Nigeria (% pa) 12.230 Oct 2022 monthly Jan 2006 - Oct 2022
Oman (% pa) 5.416 Sep 2022 monthly Dec 1984 - Sep 2022
Palestinian Territory (% pa) 5.624 Jun 2022 monthly Mar 2004 - Jun 2022
Panama (% pa) 4.750 Jun 2018 monthly Dec 1999 - Jun 2018
Paraguay (% pa) 13.210 Sep 2022 monthly Aug 2007 - Sep 2022
Peru (% pa) 13.594 Oct 2022 monthly Aug 1985 - Oct 2022
Philippines (% pa) 6.099 Aug 2022 monthly Jan 1976 - Aug 2022
Poland (% pa) 8.900 Sep 2022 monthly Jan 2005 - Sep 2022
Qatar (% pa) 5.140 Sep 2022 monthly Jul 2004 - Sep 2022
Romania (% pa) 9.820 Sep 2022 monthly Dec 2005 - Sep 2022
Russia (% pa) 9.460 Sep 2022 monthly Jan 1995 - Sep 2022
Serbia (% pa) 5.500 Sep 2022 monthly Sep 2010 - Sep 2022
Singapore (% pa) 5.250 Jun 2021 monthly Jan 1978 - Jun 2021
Slovakia (% pa) 2.187 Sep 2022 monthly Jan 2009 - Sep 2022
South Africa (% pa) 10.500 30 Nov 2022 daily 31 Dec 1948 - 30 Nov 2022
Sri Lanka (% pa) 27.460 Oct 2022 monthly Jun 1989 - Oct 2022
Sweden (% pa) 2.600 01 Dec 2022 daily 01 Jun 1994 - 01 Dec 2022
Taiwan (% pa) 2.788 Oct 2022 monthly Jul 1961 - Oct 2022
Tajikistan (% pa) 20.733 Oct 2022 monthly Jan 2002 - Oct 2022
Thailand (% pa) 5.665 Oct 2022 monthly Jan 1983 - Oct 2022
Ukraine (% pa) 21.738 Sep 2022 monthly Dec 2005 - Sep 2022
United States (% pa) 7.000 29 Nov 2022 daily 01 Jan 1980 - 29 Nov 2022
Uruguay (% pa) 19.013 Oct 2022 monthly Jan 1998 - Oct 2022
Uzbekistan (% pa) 22.272 Oct 2022 monthly Jan 2013 - Oct 2022
Venezuela (% pa) 48.590 15 Nov 2022 daily 02 Jan 2004 - 15 Nov 2022
Zambia (% pa) 25.110 Sep 2022 monthly Jan 2006 - Sep 2022

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Nigeria Key Series

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Includes 206 key indicators for Nigeria, curated by CEIC analysts. Instant access to full history data in excel.
Government and Public Finance Last Frequency Range
Consolidated Fiscal Balance: % of GDP (%) -5.7 Jun 2022 quarterly Dec 2010 - Jun 2022
Consolidated Fiscal Balance (USD mn) -3,893.668 Mar 2022 quarterly Mar 2005 - Mar 2022
National Government Debt (USD mn) 90,578.2 Jun 2022 quarterly Dec 2006 - Jun 2022
Government Debt: % of GDP (%) 20.3 Jun 2022 quarterly Dec 2010 - Jun 2022
Forecast: Government Expenditure (NGN bn) 53,317.753 2027 yearly 1990 - 2027
Forecast: Government Net Debt (NGN bn) 170,577.420 2027 yearly 1990 - 2027
Forecast: Government Revenue (NGN bn) 28,883.145 2027 yearly 1990 - 2027
Gross Federation Account Revenue: Oil (NGN bn) 1,296.240 Jun 2022 quarterly Mar 2005 - Jun 2022
Gross Federation Account Revenue (NGN bn) 3,204.170 Jun 2022 quarterly Mar 2005 - Jun 2022
Federal Govt Balance (NGN bn) -1,617.840 Mar 2022 quarterly Mar 2005 - Mar 2022
Federal Govt Expenditure: Recurrent (NGN bn) 3,071.520 Jun 2022 quarterly Mar 2005 - Jun 2022
Federal Govt Revenue (NGN bn) 1,052.420 Jun 2022 quarterly Mar 2005 - Jun 2022
Federal Govt Expenditure: Capital (NGN bn) 503.970 Jun 2022 quarterly Mar 2005 - Jun 2022
Federal Govt Expenditure (NGN bn) 3,792.910 Jun 2022 quarterly Mar 2005 - Jun 2022
Government Debt: Domestic (NGN bn) 20,948.942 Jun 2022 quarterly Dec 2005 - Jun 2022
Foreign Trade Last Frequency Range
Forecast: Exports of Goods Growth (%) 0.879 2027 yearly 1991 - 2027
Trade Balance (USD mn) 2,020.9 Jun 2022 monthly Jan 2003 - Jun 2022
Total Exports (USD mn) 6,043.6 Jun 2022 monthly Jan 2003 - Jun 2022
Total Exports Growth (%) 40.0 Jun 2022 monthly Jan 2004 - Jun 2022
Aluminum: Exports (USD th) 118,090.394 2021 yearly 1995 - 2021
Exports: Medicament (USD th) 1,929.878 2021 yearly 1995 - 2021
Exports: Medicinal and Pharmaceutical Product (USD th) 659.364 2021 yearly 1995 - 2021
Total Imports (USD mn) 4,022.8 Jun 2022 monthly Jan 2003 - Jun 2022
Total Imports Growth (%) -12.4 Jun 2022 monthly Jan 2004 - Jun 2022
Imports: Medicament (USD th) 933,147.558 2021 yearly 1995 - 2021
Imports: Medicinal and Pharmaceutical Product (USD th) 373,298.796 2021 yearly 1995 - 2021
Total Exports to USA (USD mn) 485.976 Jun 2022 monthly Jan 2003 - Jun 2022
Total Imports from USA (USD mn) 372.681 Jun 2022 monthly Dec 2009 - Jun 2022
Total Exports to China (USD mn) 27.700 Jun 2022 monthly Jan 2007 - Jun 2022
Total Imports from China (USD mn) 1,122.654 Jun 2022 monthly Jan 2007 - Jun 2022
Exports: Crude Oil (NGN mn) 1,984,570.423 Jun 2022 monthly Jan 2003 - Jun 2022
Imports (NGN mn) 1,669,497.807 Jun 2022 monthly Jan 2003 - Jun 2022
Total Trade (NGN mn) 4,177,683.065 Jun 2022 monthly Jan 2003 - Jun 2022
Exports: Europe: ow UK (NGN mn) 50,705.873 Jun 2022 monthly Jan 2003 - Jun 2022
Exports: America: ow USA (NGN mn) 201,686.439 Jun 2022 monthly Jan 2003 - Jun 2022
Exports (NGN mn) 2,508,185.258 Jun 2022 monthly Jan 2003 - Jun 2022
Exports: Europe: ow Netherlands (NGN mn) 186,294.238 Jun 2022 monthly Jan 2003 - Jun 2022
Imports: Europe: ow Netherlands (NGN mn) 168,731.075 Jun 2022 monthly Jan 2003 - Jun 2022
Imports: Europe: ow Germany (NGN mn) 50,094.090 Jun 2022 monthly Jan 2003 - Jun 2022
Imports: Europe: ow UK (NGN mn) 31,364.139 Jun 2022 monthly Jan 2003 - Jun 2022
Imports: America: ow USA (NGN mn) 154,667.521 Jun 2022 monthly Jan 2003 - Jun 2022
Imports: Asia: ow China (NGN mn) 465,916.152 Jun 2022 monthly Jan 2007 - Jun 2022
Exports: Mineral Products (NGN mn) 16,910,118.786 2021 yearly 2003 - 2021
Exports: Plastic and Articles Thereof, Rubber and Articles Thereof (NGN mn) 44,635.113 2021 yearly 2003 - 2021
Imports: Manufactured Goods (NGN mn) 161,178.612 Jun 2022 monthly Jan 2003 - Jun 2022
Imports: Mineral Fuels, Lubricants and Related Materials (NGN mn) 271,391.044 Jun 2022 monthly Jan 2003 - Jun 2022
Imports: Chemicals and Chemical Products (NGN mn) 294,146.904 Jun 2022 monthly Jan 2003 - Jun 2022
Imports: Food and Live Animals (NGN mn) 297,516.318 Jun 2022 monthly Jan 2003 - Jun 2022
Imports: Machinery and Transport Equipment (NGN mn) 512,597.112 Jun 2022 monthly Jan 2003 - Jun 2022
Balance of Payments Last Frequency Range
Direct Investment Abroad (USD mn) -200.7 Jun 2022 quarterly Mar 2008 - Jun 2022
Current Account Balance (USD mn) 5,069.3 Jun 2022 quarterly Mar 2008 - Jun 2022
Current Account Balance: % of GDP (%) 4.7 Jun 2022 quarterly Mar 2008 - Jun 2022
Foreign Direct Investment (USD mn) -1,590.2 Jun 2022 quarterly Mar 2008 - Jun 2022
Foreign Direct Investment: % of GDP (%) -1.5 Jun 2022 quarterly Mar 2010 - Jun 2022
Foreign Portfolio Investment (USD mn) 1,678.390 Jun 2022 quarterly Mar 2008 - Jun 2022
Foreign Portfolio Investment: % of GDP (%) 1.5 Jun 2022 quarterly Mar 2010 - Jun 2022
Foreign Portfolio Investment: Equity Securities (USD mn) 195.0 Jun 2022 quarterly Mar 2008 - Jun 2022
Foreign Portfolio Investment: Debt Securities (USD mn) 1,483.379 Jun 2022 quarterly Mar 2008 - Jun 2022
External Debt (USD mn) 40,064.8 Jun 2022 quarterly Dec 2006 - Jun 2022
External Debt: % of GDP (%) 8.8 2021 yearly 1985 - 2021
External Debt: Short Term (USD mn) 1,005.6 2020 yearly 2008 - 2020
External Debt: Short Term: % of GDP (%) 0.2 2020 yearly 2008 - 2020
Forecast: Current Account Balance (USD bn) -1.608 2027 yearly 1980 - 2027
Net International Investment Position (USD mn) -73,491.250 2021 yearly 2005 - 2021
BoP: CF: Financial Account: Assets (USD mn) -980.074 Jun 2022 quarterly Mar 2008 - Jun 2022
BoP: CA: Services: Debit (USD mn) -4,829.596 Jun 2022 quarterly Mar 2008 - Jun 2022
BoP: CF: Financial Account: Assets: Reserves Assets (USD mn) -89.627 Jun 2022 quarterly Mar 2008 - Jun 2022
BoP: CF: Financial Account: Liabilities (USD mn) 4,050.401 Jun 2022 quarterly Mar 2008 - Jun 2022
BoP: CA: Income (USD mn) -2,623.830 Jun 2022 quarterly Mar 2008 - Jun 2022
BoP: CF: Financial Account: Assets: Direct Investment (USD mn) 200.694 Jun 2022 quarterly Mar 2008 - Jun 2022
BoP: CF: Financial Account: Liabilities: Other Investment (USD mn) 2,962.211 Jun 2022 quarterly Mar 2008 - Jun 2022
BoP: CA: Income: Credit (USD mn) 690.154 Jun 2022 quarterly Mar 2008 - Jun 2022
BoP: CF: Financial Account (USD mn) 3,070.326 Jun 2022 quarterly Mar 2008 - Jun 2022
BoP: CA: Goods (USD mn) 5,702.740 Jun 2022 quarterly Mar 2008 - Jun 2022
BoP: CF: Capital Account (USD mn) 0.000 Jun 2022 quarterly Mar 2008 - Jun 2022
BoP: CA: Income: Debit (USD mn) -3,313.990 Jun 2022 quarterly Mar 2008 - Jun 2022
BoP: CA: Current Transfers: Debit (USD mn) -116.057 Mar 2022 quarterly Mar 2008 - Mar 2022
BoP: CA: Goods: Credit (USD mn) 18,178.297 Jun 2022 quarterly Mar 2008 - Jun 2022
BoP: CA: Goods: Debit (USD mn) -12,475.562 Jun 2022 quarterly Mar 2008 - Jun 2022
BoP: CA: Current Transfers: Credit (USD mn) 5,689.869 Jun 2022 quarterly Mar 2008 - Jun 2022
BoP: CF: Financial Account: Assets: Portfolio Investment (USD mn) -383.718 Jun 2022 quarterly Mar 2008 - Jun 2022
BoP: CA: Services (USD mn) -3,588.275 Jun 2022 quarterly Mar 2008 - Jun 2022
BoP: CF: Financial Account: Assets: Other Investment (USD mn) 292.577 Jun 2022 quarterly Mar 2008 - Jun 2022
BoP: CA: Current Transfers (USD mn) 5,578.656 Jun 2022 quarterly Mar 2008 - Jun 2022
BoP: CF: Financial Account: Liabilities: Portfolio Investment (USD mn) 1,678.390 Jun 2022 quarterly Mar 2008 - Jun 2022
BoP: Net Errors & Omission (USD mn) -8,139.609 Jun 2022 quarterly Mar 2008 - Jun 2022
BoP: CA: Services: Credit (USD mn) 1,241.320 Jun 2022 quarterly Mar 2008 - Jun 2022
External Debt: Government (USD mn) 39,969.190 Mar 2022 quarterly Dec 2006 - Mar 2022
External Debt: Government: International Capital Market (USD mn) 15,618.350 Jun 2022 quarterly Mar 2011 - Jun 2022
External Debt: Service Payments (USD mn) 194.440 Dec 2018 quarterly Mar 2008 - Dec 2018
Capital Inflow: Foreign Direct Investment (USD) 7,458,089.000 Jul 2022 monthly Jan 2007 - Jul 2022
Monetary Last Frequency Range
Non Performing Loans Ratio (%) 6.1 2019 yearly 2003 - 2019
Non-Performing Loans (USD mn) 3,315.011 Mar 2021 quarterly Mar 2007 - Mar 2021
Money Supply M1 (USD mn) 48,626.388 Oct 2022 monthly Nov 1992 - Oct 2022
Money Supply M2 (USD mn) 115,336.491 Oct 2022 monthly Nov 1992 - Oct 2022
M2 Growth (%) 21.9 Oct 2022 monthly Nov 1993 - Oct 2022
Reserve Requirement Ratio (%) 32.5 Nov 2022 monthly Nov 2005 - Nov 2022
Foreign Exchange Reserves (USD mn) 37,386.7 Oct 2022 monthly Jan 1960 - Oct 2022
Foreign Exchange Reserves: % of GDP (%) 8.764 Jun 2022 quarterly Dec 2010 - Jun 2022
Foreign Exchange Reserves: Months of Import (NA) 9.7 Jun 2022 monthly Jan 2003 - Jun 2022
Gold Reserves (USD mn) 1,406.391 Apr 2021 monthly Dec 1950 - Apr 2021
Total Deposits (USD mn) 84,213.801 Dec 2019 monthly Nov 1992 - Dec 2019
Total Deposits Growth (%) 2.6 Dec 2019 monthly Nov 1993 - Dec 2019
Domestic Credit (USD mn) 1,447,546.7 Oct 2022 monthly Nov 1992 - Oct 2022
Domestic Credit Growth (%) 1,234.5 Oct 2022 monthly Nov 1993 - Oct 2022
Private Debt: % of Nominal GDP (%) 12.23 Dec 2021 quarterly Dec 2010 - Dec 2021
Monetary Survey: Liabilities: Base Money (NGN mn) 14,999,458.700 Oct 2022 monthly Jan 1993 - Oct 2022
Monetary Survey: Liabilities: M2 (NGN mn) 50,577,358.020 Oct 2022 monthly Nov 1992 - Oct 2022
Monetary Survey: Liabilities: M3 (NGN mn) 35,345,802.020 Jun 2020 monthly Nov 1992 - Jun 2020
Monetary Survey: Liabilities: M2: M1 (NGN mn) 21,323,643.560 Oct 2022 monthly Nov 1992 - Oct 2022
Monetary Survey: Liabilities: M2: Quasi Money (NGN mn) 29,253,714.450 Oct 2022 monthly Nov 1992 - Oct 2022
Non Performing Loans to Gross Loans (%) 5.700 Jun 2021 semiannually Dec 2003 - Jun 2021
Business and Economic Survey Last Frequency Range
Business Confidence Growth (% Point) 7.2 Jul 2022 monthly Jul 2015 - Jul 2022

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