Nigeria Bank Lending Rate
2006 - 2024 | Monthly | % pa | CEIC Data
Key information about Nigeria Bank Lending Rate
- Nigeria Bank Lending Rate was reported at 17.010 % pa in Aug 2024.
- This records an increase from the previous number of 15.890 % pa for Jul 2024.
- Nigeria Bank Lending Rate data is updated monthly, averaging 16.505 % pa from Jan 2006 to Aug 2024, with 224 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 Aug 2024 in the chart:
What was Nigeria's Bank Lending Rate in Aug 2024?
Nigeria Bank Lending Rate was reported at 17.010 % pa in Aug 2024. See the table below for more data.
| Last | Previous | Min | Max | Unit | Frequency | Range |
|---|---|---|---|---|---|---|
| 17.010 Aug 2024 | 15.890 Jul 2024 | 11.130 Mar 2021 | 19.660 Nov 2009 | % pa | monthly | Jan 2006 - Aug 2024 |
Bank Lending Rate by Country Comparison
| country/region | Last | Frequency | Range |
|---|---|---|---|
| Albania (% pa) | 6.120 Aug 2024 | monthly | Dec 1986 - Aug 2024 |
| Algeria (% pa) | 8.000 Jul 2024 | monthly | Jan 1995 - Jul 2024 |
| Armenia (% pa) | 13.365 Aug 2024 | monthly | Apr 1995 - Aug 2024 |
| Austria (% pa) | 4.710 Aug 2024 | monthly | Dec 1995 - Aug 2024 |
| Azerbaijan (% pa) | 14.551 Aug 2024 | monthly | Dec 2002 - Aug 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) | 10.190 Jul 2024 | monthly | Jan 2004 - Jul 2024 |
| Belgium (% pa) | 5.140 Aug 2024 | monthly | Jan 2003 - Aug 2024 |
| Bolivia (% pa) | 8.189 Aug 2024 | monthly | Jan 2001 - Aug 2024 |
| Bosnia and Herzegovina (% pa) | 4.978 Aug 2024 | monthly | Jan 2012 - Aug 2024 |
| Botswana (% pa) | 6.260 Jul 2024 | monthly | Jan 2003 - Jul 2024 |
| Brunei (% pa) | 5.500 24 Oct 2024 | daily | 01 Dec 2003 - 24 Oct 2024 |
| Bulgaria (% pa) | 4.622 Aug 2024 | monthly | Jan 1992 - Aug 2024 |
| Canada (% pa) | 6.450 Sep 2024 | monthly | Jan 1935 - Sep 2024 |
| China (% pa) | 3.350 19 Oct 2024 | daily | 20 Aug 2019 - 19 Oct 2024 |
| Colombia (% pa) | 16.330 Jul 2024 | monthly | Jan 1986 - Jul 2024 |
| Cyprus (% pa) | 5.368 May 2023 | monthly | Nov 2007 - May 2023 |
| Czech Republic (% pa) | 6.156 Aug 2024 | monthly | Jan 2004 - Aug 2024 |
| Denmark (% pa) | 3.250 Sep 2024 | monthly | Apr 1992 - Sep 2024 |
| Ecuador (% pa) | 11.250 Oct 2024 | monthly | Jan 2004 - Oct 2024 |
| Egypt (% pa) | 26.000 Aug 2024 | monthly | Jan 1976 - Aug 2024 |
| Estonia (% pa) | 6.130 Aug 2024 | monthly | Jan 1999 - Aug 2024 |
| France (% pa) | 4.650 Jul 2024 | monthly | Jan 2003 - Jul 2024 |
| Georgia (% pa) | 13.250 Aug 2024 | monthly | Jun 2002 - Aug 2024 |
| Germany (% pa) | 5.480 Aug 2024 | monthly | Jan 2003 - Aug 2024 |
| Greece (% pa) | 6.040 May 2023 | monthly | Sep 2002 - May 2023 |
| Hong Kong SAR, China (% pa) | 5.625 24 Oct 2024 | daily | 01 Jan 1981 - 24 Oct 2024 |
| Hungary (% pa) | 7.500 Sep 2024 | monthly | Sep 1988 - Sep 2024 |
| Iceland (% pa) | 12.493 Sep 2024 | monthly | Nov 1982 - Sep 2024 |
| Indonesia (% pa) | 8.780 Aug 2024 | monthly | Apr 1993 - Aug 2024 |
| Israel (% pa) | 2.942 Mar 2022 | monthly | Apr 2013 - Mar 2022 |
| Italy (% pa) | 5.128 Aug 2024 | monthly | Jan 1995 - Aug 2024 |
| Japan (% pa) | 1.625 Sep 2024 | monthly | Jan 1971 - Sep 2024 |
| Jordan (% pa) | 8.430 Aug 2024 | monthly | Jan 1999 - Aug 2024 |
| Kazakhstan (% pa) | 18.303 Aug 2024 | monthly | Jan 2002 - Aug 2024 |
| Kenya (% pa) | 16.280 Mar 2024 | monthly | Jul 1991 - Dec 2023 |
| South Korea (% pa) | 4.480 Aug 2024 | monthly | Jan 1996 - Aug 2024 |
| Kosovo (% pa) | 6.117 Jun 2024 | monthly | Jun 2004 - Jun 2024 |
| Kuwait (% pa) | 5.199 Aug 2024 | monthly | Apr 1979 - Aug 2024 |
| Kyrgyzstan (% pa) | 20.274 May 2024 | monthly | Jan 1996 - May 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) | 6.230 Aug 2024 | monthly | Jan 2015 - Aug 2024 |
| Luxembourg (% pa) | 4.500 Jul 2024 | monthly | Jan 2003 - Jul 2024 |
| Macau SAR, China (% pa) | 6.125 Aug 2024 | monthly | Sep 2008 - Aug 2024 |
| North Macedonia (% pa) | 5.858 Aug 2024 | monthly | Jan 2005 - Aug 2024 |
| Malawi (% pa) | 25.400 Jul 2024 | monthly | Jan 1980 - Jul 2024 |
| Malaysia (% pa) | 5.262 Aug 2024 | monthly | Jan 1996 - Aug 2024 |
| Malta (% pa) | 3.542 Aug 2024 | monthly | Jan 1999 - Aug 2024 |
| Mauritius (% pa) | 7.180 Aug 2024 | monthly | Dec 1997 - Aug 2024 |
| Mexico (% pa) | 11.240 Aug 2024 | monthly | Sep 1993 - Aug 2024 |
| Moldova (% pa) | 8.678 Aug 2024 | monthly | Jan 2000 - Aug 2024 |
| Mongolia (% pa) | 16.957 Aug 2024 | monthly | Feb 1998 - Aug 2024 |
| Montenegro (% pa) | 6.610 Aug 2024 | monthly | Sep 2005 - Aug 2024 |
| Mozambique (% pa) | 20.500 Oct 2024 | monthly | Aug 1997 - Oct 2024 |
| Myanmar (% pa) | 14.500 May 2021 | monthly | Jan 1994 - May 2021 |
| Nepal (% pa) | 10.150 Jun 2024 | monthly | Nov 2013 - Jun 2024 |
| Nigeria (% pa) | 17.010 Aug 2024 | monthly | Jan 2006 - Aug 2024 |
| Oman (% pa) | 5.590 Jul 2024 | monthly | Dec 1984 - Jul 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) | 10.460 Jul 2024 | monthly | Aug 2007 - Jul 2024 |
| Peru (% pa) | 14.718 Sep 2024 | monthly | Aug 1985 - Aug 2024 |
| Philippines (% pa) | 7.839 Jun 2024 | monthly | Jan 1976 - Jun 2024 |
| Poland (% pa) | 7.560 Aug 2024 | monthly | Jan 2005 - Aug 2024 |
| Qatar (% pa) | 6.619 Aug 2024 | monthly | Jul 2004 - Aug 2024 |
| Romania (% pa) | 7.840 Aug 2024 | monthly | Dec 2005 - Aug 2024 |
| Russia (% pa) | 19.030 Aug 2024 | monthly | Jan 1995 - Aug 2024 |
| Serbia (% pa) | 8.050 Aug 2024 | monthly | Sep 2010 - Aug 2024 |
| Singapore (% pa) | 5.250 Jun 2021 | monthly | Jan 1978 - Jun 2021 |
| Slovakia (% pa) | 5.477 Aug 2024 | monthly | Jan 2009 - Aug 2024 |
| South Africa (% pa) | 11.500 23 Oct 2024 | daily | 31 Dec 1948 - 23 Oct 2024 |
| Sri Lanka (% pa) | 9.310 Sep 2024 | monthly | Jun 1989 - Sep 2024 |
| Sweden (% pa) | 3.350 23 Oct 2024 | daily | 01 Jun 1994 - 23 Oct 2024 |
| Taiwan (% pa) | 3.263 Aug 2024 | monthly | Jul 1961 - Aug 2024 |
| Tajikistan (% pa) | 19.753 Aug 2024 | monthly | Jan 2002 - Aug 2024 |
| Thailand (% pa) | 7.165 Sep 2024 | monthly | Jan 1983 - Sep 2024 |
| Ukraine (% pa) | 22.884 May 2023 | monthly | Dec 2005 - May 2023 |
| United States (% pa) | 8.000 22 Oct 2024 | daily | 04 Aug 1955 - 22 Oct 2024 |
| Uruguay (% pa) | 15.274 Aug 2024 | monthly | Jan 1998 - Aug 2024 |
| Uzbekistan (% pa) | 23.478 Aug 2024 | monthly | Jan 2013 - Aug 2024 |
| Venezuela (% pa) | 57.890 08 Oct 2024 | daily | 02 Jan 2004 - 08 Oct 2024 |
| Zambia (% pa) | 28.600 Aug 2024 | monthly | Jan 2006 - Aug 2024 |
Accurate Macro & Micro Economic Data You Can Trust
Explore the most complete set of 6.6 million time series covering more than 200 economies, 20 industries and 18 macroeconomic sectors.
Learn more about what we doNigeria Key Series
| Government and Public Finance | Last | Frequency | Range |
|---|---|---|---|
| Consolidated Fiscal Balance: % of GDP (%) | -4.4 Mar 2024 | quarterly | Dec 2010 - Mar 2024 |
| Consolidated Fiscal Balance (USD mn) | -1,701.594 Mar 2024 | quarterly | Mar 2005 - Mar 2024 |
| 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) | 235.110 Mar 2024 | quarterly | Mar 2005 - Mar 2024 |
| Federal Govt Balance (NGN bn) | -2,245.790 Mar 2024 | quarterly | Mar 2005 - Mar 2024 |
| Gross Federation Account Revenue (NGN bn) | 4,876.700 Mar 2024 | quarterly | Mar 2005 - Mar 2024 |
| Federal Govt Expenditure: Recurrent (NGN bn) | 3,111.800 Mar 2024 | quarterly | Mar 2005 - Mar 2024 |
| Federal Govt Revenue (NGN bn) | 1,445.670 Mar 2024 | quarterly | Mar 2005 - Mar 2024 |
| Federal Govt Expenditure (NGN bn) | 3,691.460 Mar 2024 | quarterly | Mar 2005 - Mar 2024 |
| Gross Federation Account Revenue: Oil (NGN bn) | 1,530.910 Mar 2024 | quarterly | Mar 2005 - Mar 2024 |
| 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) | 2,786.0 Jun 2024 | monthly | Jan 2003 - Jun 2024 |
| Total Exports (USD mn) | 4,913.5 Jun 2024 | monthly | Jan 2003 - Jun 2024 |
| Total Exports Growth (%) | 163.7 Jun 2024 | monthly | Jan 2004 - Jun 2024 |
| Aluminum: Exports (USD th) | 209,774.903 2023 | yearly | 1995 - 2023 |
| 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 (%) | 83.0 Jun 2024 | monthly | Jan 2004 - Jun 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) | 658.371 Jun 2024 | monthly | Jan 2003 - Jun 2024 |
| Total Imports from USA (USD mn) | 177.707 Jun 2024 | monthly | Dec 2009 - Jun 2024 |
| Total Exports to China (USD mn) | 160.464 Jun 2024 | monthly | Jan 2007 - Jun 2024 |
| Total Imports from China (USD mn) | 737.510 Jun 2024 | monthly | Jan 2007 - Jun 2024 |
| Exports: Crude Oil (NGN mn) | 5,457,219.231 Jun 2024 | monthly | Jan 2003 - Jun 2024 |
| Total Trade (NGN mn) | 10,433,069.822 Jun 2024 | monthly | Jan 2003 - Jun 2024 |
| Imports: Growth Rate: MoM (%) | -35.341 Jun 2024 | monthly | Jan 2019 - Jun 2024 |
| Exports: Growth Rate: MoM (%) | 10.446 Jun 2024 | monthly | Jan 2019 - Jun 2024 |
| Exports: America: ow USA (NGN mn) | 975,552.174 Jun 2024 | monthly | Jan 2003 - Jun 2024 |
| Exports: Europe: ow Netherlands (NGN mn) | 434,520.151 Jun 2024 | monthly | Jan 2003 - Jun 2024 |
| Exports (NGN mn) | 7,280,672.000 Jun 2024 | monthly | Jan 2003 - Jun 2024 |
| Exports: Europe: ow UK (NGN mn) | 4,761.874 Jun 2024 | monthly | Jan 2003 - Jun 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) | 89,695.701 Jun 2024 | monthly | Jan 2003 - Jun 2024 |
| Imports: Europe: ow Germany (NGN mn) | 91,725.002 Jun 2024 | monthly | Jan 2003 - Jun 2024 |
| Imports: Asia: ow China (NGN mn) | 1,092,816.851 Jun 2024 | monthly | Jan 2007 - Jun 2024 |
| Imports: Europe: ow UK (NGN mn) | 39,682.510 Jun 2024 | monthly | Jan 2003 - Jun 2024 |
| Imports: America: ow USA (NGN mn) | 263,320.371 Jun 2024 | monthly | Jan 2003 - Jun 2024 |
| Imports: Chemicals and Chemical Products (NGN mn) | 531,688.790 Jun 2024 | monthly | Jan 2003 - Jun 2024 |
| Imports (NGN mn) | 3,152,397.822 Jun 2024 | monthly | Jan 2003 - Jun 2024 |
| Imports: Mineral Fuels, Lubricants and Related Materials (NGN mn) | 564,023.272 Jun 2024 | monthly | Jan 2003 - Jun 2024 |
| Imports: Manufactured Goods (NGN mn) | 415,104.163 Jun 2024 | monthly | Jan 2003 - Jun 2024 |
| Imports: Food and Live Animals (NGN mn) | 464,465.517 Jun 2024 | monthly | Jan 2003 - Jun 2024 |
| Imports: Machinery and Transport Equipment (NGN mn) | 939,658.575 Jun 2024 | monthly | Jan 2003 - Jun 2024 |
| Export Value Index (2015=100) | 93.461 2021 | yearly | 1980 - 2021 |
| Import Value Index (2015=100) | 116.198 2021 | yearly | 1980 - 2021 |
| Balance of Payments | Last | Frequency | Range |
|---|---|---|---|
| Direct Investment Abroad (USD mn) | -831.3 Jun 2024 | quarterly | Mar 2008 - Jun 2024 |
| Current Account Balance (USD mn) | 5,142.5 Jun 2024 | quarterly | Mar 2014 - Jun 2024 |
| Current Account Balance: % of GDP (%) | 11.5 Jun 2024 | quarterly | Mar 2014 - Jun 2024 |
| Foreign Direct Investment (USD mn) | 1,197.6 Mar 2023 | quarterly | Mar 2014 - Mar 2023 |
| Foreign Direct Investment: % of GDP (%) | 1.3 Jun 2024 | quarterly | Mar 2010 - Jun 2024 |
| Foreign Portfolio Investment (USD mn) | 4,416.719 Jun 2024 | quarterly | Mar 2008 - Jun 2024 |
| Foreign Portfolio Investment: % of GDP (%) | 10.0 Jun 2024 | quarterly | Mar 2010 - Jun 2024 |
| Foreign Portfolio Investment: Equity Securities (USD mn) | -309.3 Jun 2024 | quarterly | Mar 2008 - Jun 2024 |
| Foreign Portfolio Investment: Debt Securities (USD mn) | 4,726.039 Jun 2024 | quarterly | Mar 2008 - Jun 2024 |
| 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) | -86,263.760 2023 | yearly | 2005 - 2023 |
| 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 |
| 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) | 21,896.535 Aug 2024 | monthly | Nov 1992 - Aug 2024 |
| Money Supply M2 (USD mn) | 67,150.889 Aug 2024 | monthly | Nov 1992 - Aug 2024 |
| M2 Growth (%) | 63.3 Aug 2024 | monthly | Nov 1993 - Aug 2024 |
| Reserve Requirement Ratio (%) | 45.0 Aug 2024 | monthly | Nov 2005 - Aug 2024 |
| Foreign Exchange Reserves (USD mn) | 34,762.2 Jun 2024 | monthly | Jan 1960 - Jun 2024 |
| Foreign Exchange Reserves: % of GDP (%) | 14.126 Jun 2024 | quarterly | Dec 2010 - Jun 2024 |
| Foreign Exchange Reserves: Months of Import (NA) | 16.3 Jun 2024 | monthly | Jan 2003 - Jun 2024 |
| Gold Reserves (USD mn) | 1,599.957 Jun 2024 | monthly | Dec 1950 - Jun 2024 |
| 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) | 66,336.6 Aug 2024 | monthly | Nov 1992 - Aug 2024 |
| Domestic Credit Growth (%) | 33.3 Aug 2024 | monthly | Nov 1993 - Aug 2024 |
| Private Debt: % of Nominal GDP (%) | 16.22 Sep 2023 | quarterly | Dec 2010 - Sep 2023 |
| Monetary Survey: Liabilities: Base Money (NGN mn) | 26,891,229.280 Aug 2024 | monthly | Jan 1993 - Aug 2024 |
| Monetary Survey: Liabilities: M2: M1 (NGN mn) | 34,949,935.480 Aug 2024 | monthly | Nov 1992 - Aug 2024 |
| Monetary Survey: Liabilities: M2 (NGN mn) | 107,182,219.490 Aug 2024 | monthly | Nov 1992 - Aug 2024 |
| Monetary Survey: Liabilities: M2: Quasi Money (NGN mn) | 72,232,284.010 Aug 2024 | monthly | Nov 1992 - Aug 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) | 13.8 Sep 2024 | monthly | Jul 2015 - Sep 2024 |
More Indicators for Nigeria
Request a demo of CEIC
CEIC’s economic databases cover over 200 global markets. Our Platform offers the most reliable macroeconomic data and advanced analytical tools.
Please note, product demos are not available for students. Please click here to find out more about the version of CEIC available for student users.