Nigeria Bank Lending Rate

2006 - 2024 | Monthly | % pa | CEIC Data

Key information about Nigeria Bank Lending Rate

  • Nigeria Bank Lending Rate was reported at 15.540 % pa in May 2024.
  • This stayed constant from the previous number of 15.540 % pa for Apr 2024.
  • Nigeria Bank Lending Rate data is updated monthly, averaging 16.510 % pa from Jan 2006 to May 2024, with 221 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.

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

View Nigeria's Bank Lending Rate from Jan 2006 to May 2024 in the chart:

Nigeria Bank Lending Rate

What was Nigeria's Bank Lending Rate in May 2024?

Nigeria Bank Lending Rate was reported at 15.540 % pa in May 2024. See the table below for more data.

Last Previous Min Max Unit Frequency Range
15.540 May 2024 15.540 Apr 2024 11.130 Mar 2021 19.660 Nov 2009 % pa monthly Jan 2006 - May 2024

Bank Lending Rate by Country Comparison

country/region Last Frequency Range
Albania (% pa) 6.680 Apr 2024 monthly Dec 1986 - Apr 2024
Algeria (% pa) 8.000 May 2024 monthly Jan 1995 - May 2024
Armenia (% pa) 12.859 May 2024 monthly Apr 1995 - May 2024
Austria (% pa) 5.230 May 2024 monthly Dec 1995 - May 2024
Azerbaijan (% pa) 14.404 May 2024 monthly Dec 2002 - May 2024
Bahrain (% pa) 5.010 Mar 2016 monthly Apr 1985 - Mar 2016
Bangladesh (% pa) 9.360 Mar 2024 monthly Jan 1976 - Mar 2024
Belarus (% pa) 9.720 May 2024 monthly Jan 2004 - May 2024
Belgium (% pa) 5.420 Mar 2024 monthly Jan 2003 - Mar 2024
Bolivia (% pa) 8.024 May 2024 monthly Jan 2001 - May 2024
Bosnia and Herzegovina (% pa) 4.958 Apr 2024 monthly Jan 2012 - Apr 2024
Botswana (% pa) 6.510 Mar 2024 monthly Jan 2003 - Mar 2024
Brunei (% pa) 5.500 20 Jul 2024 daily 01 Dec 2003 - 20 Jul 2024
Bulgaria (% pa) 4.721 Apr 2024 monthly Jan 1992 - Apr 2024
Canada (% pa) 6.950 Jun 2024 monthly Jan 1935 - Jun 2024
China (% pa) 3.450 19 Jul 2024 daily 20 Aug 2019 - 19 Jul 2024
Colombia (% pa) 17.070 May 2024 monthly Jan 1986 - May 2024
Cyprus (% pa) 5.368 May 2023 monthly Nov 2007 - May 2023
Czech Republic (% pa) 6.910 May 2024 monthly Jan 2004 - May 2024
Denmark (% pa) 3.500 Jun 2024 monthly Apr 1992 - Jun 2024
Ecuador (% pa) 11.630 Jul 2024 monthly Jan 2004 - Jul 2024
Egypt (% pa) 24.400 May 2024 monthly Jan 1976 - May 2024
Estonia (% pa) 6.440 Apr 2024 monthly Jan 1999 - Apr 2024
France (% pa) 4.760 Apr 2024 monthly Jan 2003 - Apr 2024
Georgia (% pa) 13.000 May 2024 monthly Jun 2002 - May 2024
Germany (% pa) 5.660 May 2024 monthly Jan 2003 - May 2024
Greece (% pa) 6.040 May 2023 monthly Sep 2002 - May 2023
Hong Kong SAR, China (% pa) 5.875 20 Jul 2024 daily 01 Jan 1981 - 20 Jul 2024
Hungary (% pa) 8.000 Jun 2024 monthly Sep 1988 - Jun 2024
Iceland (% pa) 12.550 Apr 2024 monthly Nov 1982 - Apr 2024
Indonesia (% pa) 8.860 May 2024 monthly Apr 1993 - May 2024
Israel (% pa) 2.942 Mar 2022 monthly Apr 2013 - Mar 2022
Italy (% pa) 5.299 Apr 2024 monthly Jan 1995 - Apr 2024
Japan (% pa) 1.475 Jun 2024 monthly Jan 1971 - Jun 2024
Jordan (% pa) 8.410 May 2024 monthly Jan 1999 - May 2024
Kazakhstan (% pa) 18.731 May 2024 monthly Jan 2002 - May 2024
Kenya (% pa) 14.630 Dec 2023 monthly Jul 1991 - Dec 2023
South Korea (% pa) 4.780 May 2024 monthly Jan 1996 - May 2024
Kosovo (% pa) 6.137 May 2024 monthly Jun 2004 - May 2024
Kuwait (% pa) 5.199 Apr 2024 monthly Apr 1979 - Apr 2024
Kyrgyzstan (% pa) 20.581 Feb 2024 monthly Jan 1996 - Feb 2024
Latvia (% pa) 7.030 Dec 2023 monthly Jan 2004 - Dec 2023
Lebanon (% pa) 2.470 Feb 2024 monthly Mar 1972 - Feb 2024
Lithuania (% pa) 6.610 May 2024 monthly Jan 2015 - May 2024
Luxembourg (% pa) 4.450 May 2024 monthly Jan 2003 - May 2024
Macau SAR, China (% pa) 6.125 May 2024 monthly Sep 2008 - May 2024
North Macedonia (% pa) 5.874 May 2024 monthly Jan 2005 - May 2024
Malawi (% pa) 24.900 Apr 2024 monthly Jan 1980 - Apr 2024
Malaysia (% pa) 5.350 May 2024 monthly Jan 1996 - May 2024
Malta (% pa) 3.598 May 2024 monthly Jan 1999 - May 2024
Mauritius (% pa) 7.130 May 2024 monthly Dec 1997 - May 2024
Mexico (% pa) 11.370 May 2024 monthly Sep 1993 - May 2024
Moldova (% pa) 3,737.967 May 2024 monthly Jan 2000 - May 2024
Mongolia (% pa) 16.873 May 2024 monthly Feb 1998 - May 2024
Montenegro (% pa) 6.610 May 2024 monthly Sep 2005 - May 2024
Mozambique (% pa) 21.200 Jul 2024 monthly Aug 1997 - Jul 2024
Myanmar (% pa) 14.500 May 2021 monthly Jan 1994 - May 2021
Nepal (% pa) 11.960 Nov 2023 monthly Nov 2013 - Nov 2023
Nigeria (% pa) 15.540 May 2024 monthly Jan 2006 - May 2024
Oman (% pa) 5.604 Apr 2024 monthly Dec 1984 - Apr 2024
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) 11.360 May 2024 monthly Aug 2007 - May 2024
Peru (% pa) 15.653 Jun 2024 monthly Aug 1985 - Jun 2024
Philippines (% pa) 7.971 Mar 2024 monthly Jan 1976 - Mar 2024
Poland (% pa) 7.670 May 2024 monthly Jan 2005 - May 2024
Qatar (% pa) 6.399 May 2024 monthly Jul 2004 - May 2024
Romania (% pa) 8.120 May 2024 monthly Dec 2005 - May 2024
Russia (% pa) 17.120 Apr 2024 monthly Jan 1995 - Apr 2024
Serbia (% pa) 8.490 May 2024 monthly Sep 2010 - May 2024
Singapore (% pa) 5.250 Jun 2021 monthly Jan 1978 - Jun 2021
Slovakia (% pa) 5.415 May 2024 monthly Jan 2009 - May 2024
South Africa (% pa) 11.750 19 Jul 2024 daily 31 Dec 1948 - 19 Jul 2024
Sri Lanka (% pa) 9.080 Jun 2024 monthly Jun 1989 - Jun 2024
Sweden (% pa) 3.850 17 Jul 2024 daily 01 Jun 1994 - 17 Jul 2024
Taiwan (% pa) 3.220 Jun 2024 monthly Jul 1961 - Jun 2024
Tajikistan (% pa) 20.149 May 2024 monthly Jan 2002 - May 2024
Thailand (% pa) 7.165 May 2024 monthly Jan 1983 - May 2024
Ukraine (% pa) 22.884 May 2023 monthly Dec 2005 - May 2023
United States (% pa) 8.500 17 Jul 2024 daily 04 Aug 1955 - 17 Jul 2024
Uruguay (% pa) 15.340 May 2024 monthly Jan 1998 - May 2024
Uzbekistan (% pa) 24.036 Dec 2023 monthly Jan 2013 - Dec 2023
Venezuela (% pa) 58.100 09 Jul 2024 daily 02 Jan 2004 - 09 Jul 2024
Zambia (% pa) 28.120 May 2024 monthly Jan 2006 - May 2024

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Nigeria Key Series

Government and Public Finance Last Frequency Range
Consolidated Fiscal Balance: % of GDP (%) -4.8 Sep 2023 quarterly Dec 2010 - Sep 2023
Consolidated Fiscal Balance (USD mn) -3,071.175 Sep 2023 quarterly Mar 2005 - Sep 2023
National Government Debt (USD mn) 101,710.7 Dec 2023 quarterly Dec 2006 - Dec 2023
Government Debt: % of GDP (%) 49.5 Mar 2024 quarterly Dec 2010 - Mar 2024
Forecast: Government Expenditure (NGN bn) 99,387.936 2029 yearly 1990 - 2029
Forecast: Government Net Debt (NGN bn) 205,772.040 2028 yearly 1990 - 2028
Forecast: Government Revenue (NGN bn) 74,924.965 2029 yearly 1990 - 2029
Federal Govt Expenditure: Capital (NGN bn) 1,043.310 Sep 2023 quarterly Mar 2005 - Sep 2023
Gross Federation Account Revenue (NGN bn) 4,791.390 Sep 2023 quarterly Mar 2005 - Sep 2023
Federal Govt Balance (NGN bn) -2,347.160 Sep 2023 quarterly Mar 2005 - Sep 2023
Gross Federation Account Revenue: Oil (NGN bn) 814.230 Sep 2023 quarterly Mar 2005 - Sep 2023
Federal Govt Expenditure (NGN bn) 4,040.180 Sep 2023 quarterly Mar 2005 - Sep 2023
Federal Govt Revenue (NGN bn) 1,693.020 Sep 2023 quarterly Mar 2005 - Sep 2023
Federal Govt Expenditure: Recurrent (NGN bn) 2,791.110 Sep 2023 quarterly Mar 2005 - Sep 2023
Government Debt: Domestic (NGN bn) 53,258.012 Dec 2023 quarterly Dec 2005 - Dec 2023
Foreign Trade Last Frequency Range
Forecast: Exports of Goods Growth (%) -1.879 2028 yearly 1991 - 2028
Trade Balance (USD mn) 1,428.5 Mar 2024 monthly Jan 2003 - Mar 2024
Total Exports (USD mn) 4,145.4 Mar 2024 monthly Jan 2003 - Mar 2024
Total Exports Growth (%) 174.1 Mar 2024 monthly Jan 2004 - Mar 2024
Aluminum: Exports (USD th) 165,856.846 2022 yearly 1995 - 2022
Exports: Medicament (USD th) 2,876.353 2022 yearly 1995 - 2022
Exports: Medicinal and Pharmaceutical Product (USD th) 480.530 2022 yearly 1995 - 2022
Total Imports (USD mn) 2,989.3 Mar 2023 monthly Jan 2003 - Mar 2023
Total Imports Growth (%) 86.2 Mar 2024 monthly Jan 2004 - Mar 2024
Imports: Medicament (USD th) 755,360.705 2022 yearly 1995 - 2022
Imports: Medicinal and Pharmaceutical Product (USD th) 508,406.689 2022 yearly 1995 - 2022
Total Exports to USA (USD mn) 318.790 Mar 2024 monthly Jan 2003 - Mar 2024
Total Imports from USA (USD mn) 171.033 Mar 2024 monthly Dec 2009 - Mar 2024
Total Exports to China (USD mn) 147.623 Mar 2024 monthly Jan 2007 - Mar 2024
Total Imports from China (USD mn) 783.503 Mar 2024 monthly Jan 2007 - Mar 2024
Imports (NGN mn) 4,104,729.001 Mar 2024 monthly Jan 2003 - Mar 2024
Exports: Crude Oil (NGN mn) 4,802,606.939 Mar 2024 monthly Jan 2003 - Mar 2024
Total Trade (NGN mn) 10,367,708.701 Mar 2024 monthly Jan 2003 - Mar 2024
Imports: Growth Rate: MoM (%) -14.880 Mar 2024 monthly Jan 2019 - Mar 2024
Exports: Growth Rate: MoM (%) -5.925 Mar 2024 monthly Jan 2019 - Mar 2024
Exports: America: ow USA (NGN mn) 481,641.252 Mar 2024 monthly Jan 2003 - Mar 2024
Exports: Europe: ow Netherlands (NGN mn) 306,499.089 Mar 2024 monthly Jan 2003 - Mar 2024
Exports (NGN mn) 6,262,979.700 Mar 2024 monthly Jan 2003 - Mar 2024
Exports: Europe: ow UK (NGN mn) 45,513.199 Mar 2024 monthly Jan 2003 - Mar 2024
Exports: Mineral Products (NGN mn) 33,075,147.443 2023 yearly 2003 - 2023
Exports: Vegetable Products (NGN mn) 786,963.687 2023 yearly 2003 - 2023
Exports: Plastic and Articles Thereof, Rubber and Articles Thereof (NGN mn) 53,170.162 2023 yearly 2003 - 2023
Imports: Europe: ow Netherlands (NGN mn) 149,192.106 Mar 2024 monthly Jan 2003 - Mar 2024
Imports: Europe: ow Germany (NGN mn) 100,497.011 Mar 2024 monthly Jan 2003 - Mar 2024
Imports: Asia: ow China (NGN mn) 1,183,749.918 Mar 2024 monthly Jan 2007 - Mar 2024
Imports: America: ow USA (NGN mn) 258,403.312 Mar 2024 monthly Jan 2003 - Mar 2024
Imports: Europe: ow UK (NGN mn) 55,709.208 Mar 2024 monthly Jan 2003 - Mar 2024
Imports: Chemicals and Chemical Products (NGN mn) 695,829.604 Mar 2024 monthly Jan 2003 - Mar 2024
Imports: Mineral Fuels, Lubricants and Related Materials (NGN mn) 809,093.260 Mar 2024 monthly Jan 2003 - Mar 2024
Imports: Manufactured Goods (NGN mn) 473,102.250 Mar 2024 monthly Jan 2003 - Mar 2024
Imports: Machinery and Transport Equipment (NGN mn) 1,292,859.004 Mar 2024 monthly Jan 2003 - Mar 2024
Imports: Food and Live Animals (NGN mn) 576,995.375 Mar 2024 monthly Jan 2003 - Mar 2024
Balance of Payments Last Frequency Range
Direct Investment Abroad (USD mn) 44.0 Sep 2023 quarterly Mar 2008 - Sep 2023
Current Account Balance (USD mn) 1,545.4 Sep 2023 quarterly Mar 2014 - Sep 2023
Current Account Balance: % of GDP (%) 1.9 Sep 2023 quarterly Mar 2014 - Sep 2023
Foreign Direct Investment (USD mn) 1,197.6 Mar 2023 quarterly Mar 2014 - Mar 2023
Foreign Direct Investment: % of GDP (%) 1.1 Sep 2023 quarterly Mar 2010 - Sep 2023
Foreign Portfolio Investment (USD mn) 2,876.923 Sep 2023 quarterly Mar 2008 - Sep 2023
Foreign Portfolio Investment: % of GDP (%) 3.6 Sep 2023 quarterly Mar 2010 - Sep 2023
Foreign Portfolio Investment: Equity Securities (USD mn) 270.9 Sep 2023 quarterly Mar 2008 - Sep 2023
Foreign Portfolio Investment: Debt Securities (USD mn) 2,606.059 Sep 2023 quarterly Mar 2008 - Sep 2023
External Debt (USD mn) 42,495.2 Dec 2023 quarterly Dec 2006 - Dec 2023
External Debt: % of GDP (%) 11.9 2023 yearly 1985 - 2023
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) 0.890 2028 yearly 1980 - 2028
Net International Investment Position (USD mn) -90,273.874 2022 yearly 2005 - 2022
External Debt: Service Payments (USD mn) 194.440 Dec 2018 quarterly Mar 2008 - Dec 2018
External Debt: Government (USD mn) 42,495.160 Dec 2023 quarterly Dec 2006 - Dec 2023
External Debt: Government: International Capital Market (USD mn) 15,118.350 Mar 2024 quarterly Mar 2011 - Mar 2024
Capital Inflow: Foreign Direct Investment (USD) 20,080,525.860 Nov 2022 monthly Jan 2007 - Nov 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) 22,510.477 May 2024 monthly Nov 1992 - May 2024
Money Supply M2 (USD mn) 66,748.185 May 2024 monthly Nov 1992 - May 2024
M2 Growth (%) 78.2 May 2024 monthly Nov 1993 - May 2024
Reserve Requirement Ratio (%) 45.0 Jun 2024 monthly Nov 2005 - Jun 2024
Foreign Exchange Reserves (USD mn) 32,260.0 Jan 2024 monthly Jan 1960 - Jan 2024
Foreign Exchange Reserves: % of GDP (%) 8.942 Dec 2023 quarterly Dec 2010 - Dec 2023
Foreign Exchange Reserves: Months of Import (NA) 8.2 Jan 2024 monthly Jan 2003 - Jan 2024
Gold Reserves (USD mn) 1,485.381 Dec 2023 monthly Dec 1950 - Dec 2023
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) 69,244.2 May 2024 monthly Nov 1992 - May 2024
Domestic Credit Growth (%) 36.0 May 2024 monthly Nov 1993 - May 2024
Private Debt: % of Nominal GDP (%) 16.22 Sep 2023 quarterly Dec 2010 - Sep 2023
Monetary Survey: Liabilities: Base Money (NGN mn) 25,656,624.960 May 2024 monthly Jan 1993 - May 2024
Monetary Survey: Liabilities: M2 (NGN mn) 98,986,356.490 May 2024 monthly Nov 1992 - May 2024
Monetary Survey: Liabilities: M2: Quasi Money (NGN mn) 65,603,723.610 May 2024 monthly Nov 1992 - May 2024
Monetary Survey: Liabilities: M2: M1 (NGN mn) 33,382,632.880 May 2024 monthly Nov 1992 - May 2024
Monetary Survey: Liabilities: M3 (NGN mn) 35,345,802.020 Jun 2020 monthly Nov 1992 - Jun 2020
Non Performing Loans to Gross Loans (%) 4.140 Jun 2023 semiannually Dec 2003 - Jun 2023
Business and Economic Survey Last Frequency Range
Business Confidence Growth (% Point) 2.4 Jan 2024 monthly Jul 2015 - Jan 2024

More Indicators for Nigeria

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