Nigeria Bank Lending Rate

2006 - 2021 | Monthly | % pa | CEIC Data

Key information about Nigeria Bank Lending Rate

  • Nigeria Bank Lending Rate was reported at 11.800 % pa in Nov 2021.
  • This records an increase from the previous number of 11.610 % pa for Oct 2021.
  • Nigeria Bank Lending Rate data is updated monthly, averaging 16.650 % pa from Jan 2006 to Nov 2021, with 191 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 Nov 2021 in the chart:

Nigeria Bank Lending Rate

What was Nigeria's Bank Lending Rate in Nov 2021?

Nigeria Bank Lending Rate was reported at 11.800 % pa in Nov 2021. See the table below for more data.

Last Previous Min Max Unit Frequency Range
11.800 Nov 2021 11.610 Oct 2021 11.130 Mar 2021 19.660 Nov 2009 % pa monthly Jan 2006 - Nov 2021

Bank Lending Rate by Country Comparison

Buy Selected Data

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) 5.880 Oct 2021 monthly Dec 1986 - Oct 2021
Algeria (% pa) 8.000 Sep 2021 monthly Jan 1995 - Sep 2021
Armenia (% pa) 11.766 Nov 2021 monthly Apr 1995 - Nov 2021
Austria (% pa) 1.630 Nov 2021 monthly Dec 1995 - Nov 2021
Azerbaijan (% pa) 14.352 Nov 2021 monthly Dec 2002 - Nov 2021
Bahrain (% pa) 5.010 Mar 2016 monthly Apr 1985 - Mar 2016
Bangladesh (% pa) 7.150 Oct 2021 monthly Jan 1976 - Oct 2021
Belarus (% pa) 13.340 Nov 2021 monthly Jan 2004 - Nov 2021
Belgium (% pa) 1.570 Nov 2021 monthly Jan 2003 - Nov 2021
Bolivia (% pa) 7.790 Nov 2021 monthly Jan 2001 - Nov 2021
Bosnia and Herzegovina (% pa) 3.587 Nov 2021 monthly Jan 2012 - Nov 2021
Botswana (% pa) 5.250 Oct 2021 monthly Jan 2003 - Oct 2021
Brunei (% pa) 5.500 29 Jan 2022 daily 01 Dec 2003 - 29 Jan 2022
Bulgaria (% pa) 4.181 Aug 2021 monthly Jan 1992 - Aug 2021
Canada (% pa) 2.450 Dec 2021 monthly Jan 1935 - Dec 2021
China (% pa) 4.350 27 Jan 2022 daily 01 Sep 1988 - 27 Jan 2022
Colombia (% pa) 9.930 Dec 2021 monthly Jan 1986 - Dec 2021
Cyprus (% pa) 3.186 Feb 2021 monthly Nov 2007 - Feb 2021
Czech Republic (% pa) 2.894 Oct 2021 monthly Jan 2004 - Oct 2021
Denmark (% pa) 0.849 Nov 2021 monthly Jan 2003 - Nov 2021
Ecuador (% pa) 7.390 Jan 2022 monthly Jan 2004 - Jan 2022
Egypt (% pa) 9.300 Nov 2021 monthly Jan 1976 - Nov 2021
Estonia (% pa) 3.090 Nov 2021 monthly Jan 1999 - Nov 2021
France (% pa) 1.260 Nov 2021 monthly Jan 2003 - Nov 2021
Georgia (% pa) 12.280 Nov 2021 monthly Jun 2002 - Nov 2021
Germany (% pa) 1.760 Oct 2021 monthly Jan 2003 - Oct 2021
Greece (% pa) 3.800 Feb 2021 monthly Sep 2002 - Feb 2021
Hong Kong SAR, China (% pa) 5.000 28 Jan 2022 daily 01 Jan 1981 - 28 Jan 2022
Hungary (% pa) 4.400 Dec 2021 monthly Sep 1988 - Dec 2021
Iceland (% pa) 5.781 Nov 2021 monthly Nov 1982 - Nov 2021
Indonesia (% pa) 8.720 Nov 2021 monthly Apr 1993 - Nov 2021
Israel (% pa) 3.293 May 2020 monthly Apr 2013 - May 2020
Italy (% pa) 1.093 Nov 2021 monthly Jan 1995 - Nov 2021
Japan (% pa) 1.475 Dec 2021 monthly Jan 1971 - Dec 2021
Jordan (% pa) 7.000 Nov 2021 monthly Jan 1999 - Nov 2021
Kazakhstan (% pa) 15.000 Oct 2021 monthly Jan 2002 - Oct 2021
Kenya (% pa) 12.100 Sep 2021 monthly Jul 1991 - Sep 2021
South Korea (% pa) 3.230 Nov 2021 monthly Jan 1996 - Nov 2021
Kosovo (% pa) 6.347 Jul 2019 monthly Jun 2004 - Jul 2019
Kuwait (% pa) 3.615 Nov 2021 monthly Apr 1979 - Nov 2021
Kyrgyzstan (% pa) 17.319 Sep 2021 monthly Jan 1996 - Sep 2021
Latvia (% pa) 3.150 Nov 2021 monthly Jan 2004 - Nov 2021
Lebanon (% pa) 7.460 Oct 2021 monthly Mar 1972 - Oct 2021
Lithuania (% pa) 2.730 Nov 2021 monthly Jan 2015 - Nov 2021
Luxembourg (% pa) 1.340 Nov 2021 monthly Jan 2003 - Nov 2021
Macau SAR, China (% pa) 5.261 Nov 2021 monthly Sep 2008 - Nov 2021
North Macedonia (% pa) 4.755 Oct 2021 monthly Jan 2005 - Oct 2021
Malawi (% pa) 12.200 Oct 2021 monthly Jan 1980 - Oct 2021
Malaysia (% pa) 3.468 Mar 2021 monthly Jan 1996 - Mar 2021
Malta (% pa) 3.172 Nov 2021 monthly Jan 1999 - Nov 2021
Mauritius (% pa) 4.580 Nov 2021 monthly Dec 1997 - Nov 2021
Mexico (% pa) 5.390 Nov 2021 monthly Sep 1993 - Nov 2021
Moldova (% pa) 8.545 Nov 2021 monthly Jan 2000 - Nov 2021
Mongolia (% pa) 14.500 Nov 2021 monthly Feb 1998 - Nov 2021
Montenegro (% pa) 5.710 Oct 2021 monthly Sep 2005 - Oct 2021
Mozambique (% pa) 18.900 Apr 2021 monthly Aug 1997 - Apr 2021
Myanmar (% pa) 14.500 May 2021 monthly Jan 1994 - May 2021
Nepal (% pa) 8.890 Feb 2021 monthly Nov 2013 - Feb 2021
Nigeria (% pa) 11.800 Nov 2021 monthly Jan 2006 - Nov 2021
Oman (% pa) 5.513 Oct 2021 monthly Dec 1984 - Oct 2021
Palestinian Territory (% pa) 5.362 Sep 2020 monthly Mar 2004 - Sep 2020
Panama (% pa) 4.750 Jun 2018 monthly Dec 1999 - Jun 2018
Paraguay (% pa) 10.210 Nov 2021 monthly Aug 2007 - Nov 2021
Peru (% pa) 10.987 Dec 2021 monthly Aug 1985 - Dec 2021
Philippines (% pa) 6.542 Dec 2019 monthly Jan 1976 - Dec 2019
Poland (% pa) 2.980 Nov 2021 monthly Jan 2005 - Nov 2021
Qatar (% pa) 3.916 Nov 2021 monthly Jul 2004 - Nov 2021
Romania (% pa) 4.670 Nov 2021 monthly Dec 2005 - Nov 2021
Russia (% pa) 8.140 Oct 2021 monthly Jan 1995 - Oct 2021
Serbia (% pa) 4.280 Mar 2021 monthly Sep 2010 - Mar 2021
Singapore (% pa) 5.250 Jun 2021 monthly Jan 1978 - Jun 2021
Slovakia (% pa) 1.882 Nov 2021 monthly Jan 2009 - Nov 2021
South Africa (% pa) 7.250 27 Jan 2022 daily 31 Dec 1948 - 27 Jan 2022
Sri Lanka (% pa) 8.610 Dec 2021 monthly Jun 1989 - Dec 2021
Sweden (% pa) 0.100 27 Jan 2022 daily 01 Jun 1994 - 27 Jan 2022
Taiwan (% pa) 2.440 Dec 2021 monthly Jul 1961 - Dec 2021
Tajikistan (% pa) 20.754 Nov 2021 monthly Jan 2002 - Nov 2021
Thailand (% pa) 5.415 Dec 2021 monthly Jan 1983 - Dec 2021
Ukraine (% pa) 13.313 Nov 2021 monthly Dec 2005 - Nov 2021
United States (% pa) 3.250 27 Jan 2022 daily 01 Jan 1980 - 27 Jan 2022
Uruguay (% pa) 18.552 Nov 2021 monthly Jan 1998 - Nov 2021
Uzbekistan (% pa) 21.365 Mar 2021 monthly Jan 2013 - Mar 2021
Venezuela (% pa) 46.532 20 Apr 2021 daily 02 Jan 2004 - 20 Apr 2021
Zambia (% pa) 25.720 Mar 2021 monthly Jan 2006 - Mar 2021

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 do

Nigeria Key Series

Buy Selected Data

Includes 210 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 (%) -3.8 Dec 2020 quarterly Dec 2010 - Dec 2020
Consolidated Fiscal Balance (USD mn) -3,910.052 Dec 2020 quarterly Mar 2005 - Dec 2020
National Government Debt (USD mn) 82,393.0 Sep 2021 quarterly Dec 2006 - Sep 2021
Government Debt: % of GDP (%) 18.8 Dec 2020 quarterly Dec 2010 - Dec 2020
Forecast: Government Expenditure (NGN bn) 44,059.720 2026 yearly 1990 - 2026
Forecast: Government Net Debt (NGN bn) 147,248.260 2026 yearly 1990 - 2026
Forecast: Government Revenue (NGN bn) 22,754.690 2026 yearly 1990 - 2026
Gross Federation Account Revenue (NGN bn) 2,848.660 Sep 2021 quarterly Mar 2005 - Sep 2021
Federal Govt Balance (NGN bn) -2,039.360 Sep 2021 quarterly Mar 2005 - Sep 2021
Federal Govt Expenditure: Recurrent (NGN bn) 2,003.660 Sep 2021 quarterly Mar 2005 - Sep 2021
Federal Govt Revenue (NGN bn) 1,114.210 Sep 2021 quarterly Mar 2005 - Sep 2021
Federal Govt Expenditure: Capital (NGN bn) 1,025.780 Sep 2021 quarterly Mar 2005 - Sep 2021
Federal Govt Expenditure (NGN bn) 3,153.570 Sep 2021 quarterly Mar 2005 - Sep 2021
Gross Federation Account Revenue: Oil (NGN bn) 1,142.700 Sep 2021 quarterly Mar 2005 - Sep 2021
Government Debt: Domestic (NGN bn) 18,232.863 Sep 2021 quarterly Dec 2005 - Sep 2021
Foreign Trade Last Frequency Range
Forecast: Exports of Goods Growth (%) 3.851 2026 yearly 1991 - 2026
Trade Balance (USD mn) -1,093.2 Sep 2021 monthly Jan 2003 - Sep 2021
Total Exports (USD mn) 4,965.9 Sep 2021 monthly Jan 2003 - Sep 2021
Total Exports Growth (%) 127.1 Sep 2021 monthly Jan 2004 - Sep 2021
Aluminum: Exports (USD th) 89,277.166 2020 yearly 1995 - 2020
Exports: Medicament (USD th) 1,579.306 2020 yearly 1995 - 2020
Exports: Medicinal and Pharmaceutical Product (USD th) 585.807 2020 yearly 1995 - 2020
Total Imports (USD mn) 6,059.1 Sep 2021 monthly Jan 2003 - Sep 2021
Total Imports Growth (%) 43.9 Sep 2021 monthly Jan 2004 - Sep 2021
Imports: Medicament (USD th) 916,159.669 2020 yearly 1995 - 2020
Imports: Medicinal and Pharmaceutical Product (USD th) 417,523.499 2020 yearly 1995 - 2020
Total Exports to USA (USD mn) 36.075 Sep 2020 monthly Jan 2003 - Sep 2020
Total Imports from USA (USD mn) 422.719 Dec 2020 monthly Dec 2009 - Dec 2020
Total Exports to China (USD mn) 214.635 Mar 2021 monthly Jan 2007 - Mar 2021
Total Imports from China (USD mn) 1,440.816 Dec 2020 monthly Jan 2007 - Dec 2020
Imports (NGN mn) 2,484,328.724 Sep 2021 monthly Jan 2003 - Sep 2021
Total Trade (NGN mn) 4,520,422.299 Sep 2021 monthly Jan 2003 - Sep 2021
Exports: Crude Oil (NGN mn) 1,507,701.374 Sep 2021 monthly Jan 2003 - Sep 2021
Exports: Europe: ow Netherlands (NGN mn) 148,272.666 Sep 2021 monthly Jan 2003 - Sep 2021
Exports (NGN mn) 2,036,093.575 Sep 2021 monthly Jan 2003 - Sep 2021
Exports: America: ow USA (NGN mn) 90,102.861 Sep 2021 monthly Jan 2003 - Sep 2021
Exports: Europe: ow UK (NGN mn) 64,999.001 Sep 2021 monthly Jan 2003 - Sep 2021
Imports: Asia: ow China (NGN mn) 851,461.731 Sep 2021 monthly Jan 2007 - Sep 2021
Imports: America: ow USA (NGN mn) 176,469.406 Sep 2021 monthly Jan 2003 - Sep 2021
Imports: Europe: ow Germany (NGN mn) 98,202.401 Sep 2021 monthly Jan 2003 - Sep 2021
Imports: Europe: ow UK (NGN mn) 52,266.075 Sep 2021 monthly Jan 2003 - Sep 2021
Imports: Europe: ow Netherlands (NGN mn) 137,505.011 Sep 2021 monthly Jan 2003 - Sep 2021
Exports: Mineral Products (NGN mn) 11,120,986.129 2020 yearly 2003 - 2020
Exports: Vegetable Products (NGN mn) 189,913.743 2020 yearly 2003 - 2020
Exports: Plastic and Articles Thereof, Rubber and Articles Thereof (NGN mn) 10,603.818 2020 yearly 2003 - 2020
Imports: Chemicals and Chemical Products (NGN mn) 404,522.942 Sep 2021 monthly Jan 2003 - Sep 2021
Imports: Food and Live Animals (NGN mn) 384,597.314 Sep 2021 monthly Jan 2003 - Sep 2021
Imports: Machinery and Transport Equipment (NGN mn) 941,681.910 Sep 2021 monthly Jan 2003 - Sep 2021
Imports: Mineral Fuels, Lubricants and Related Materials (NGN mn) 277,045.877 Sep 2021 monthly Jan 2003 - Sep 2021
Imports: Manufactured Goods (NGN mn) 275,778.679 Sep 2021 monthly Jan 2003 - Sep 2021
Balance of Payments Last Frequency Range
Direct Investment Abroad (USD mn) 822.3 Sep 2021 quarterly Mar 2008 - Sep 2021
Current Account Balance (USD mn) -3,337.9 Sep 2020 quarterly Mar 2008 - Sep 2020
Current Account Balance: % of GDP (%) -3.2 Sep 2020 quarterly Mar 2008 - Sep 2020
Foreign Direct Investment (USD mn) 775.2 Sep 2020 quarterly Mar 2008 - Sep 2020
Foreign Direct Investment: % of GDP (%) -0.0 Sep 2021 quarterly Mar 2010 - Sep 2021
Foreign Portfolio Investment (USD mn) -272.929 Jun 2021 quarterly Mar 2008 - Jun 2021
Foreign Portfolio Investment: % of GDP (%) 1.7 Sep 2020 quarterly Mar 2010 - Sep 2020
Foreign Portfolio Investment: Equity Securities (USD mn) 125.5 Sep 2020 quarterly Mar 2008 - Sep 2020
Foreign Portfolio Investment: Debt Securities (USD mn) 1,616.928 Sep 2020 quarterly Mar 2008 - Sep 2020
External Debt (USD mn) 37,955.1 Sep 2021 quarterly Dec 2006 - Sep 2021
External Debt: % of GDP (%) 7.8 2020 yearly 1985 - 2020
External Debt: Short Term (USD mn) 310.7 2018 yearly 2008 - 2018
External Debt: Short Term: % of GDP (%) 0.1 2018 yearly 2008 - 2018
Forecast: Current Account Balance (USD bn) -7.273 2026 yearly 1980 - 2026
Net International Investment Position (USD mn) -85,210.476 2020 yearly 2005 - 2020
BoP: CF: Financial Account: Assets (USD mn) -9,308.112 Sep 2021 quarterly Mar 2008 - Sep 2021
BoP: CA: Income: Debit (USD mn) -2,618.990 Sep 2021 quarterly Mar 2008 - Sep 2021
BoP: Net Errors & Omission (USD mn) -6,253.815 Sep 2021 quarterly Mar 2008 - Sep 2021
BoP: CA: Services: Credit (USD mn) 917.177 Sep 2021 quarterly Mar 2008 - Sep 2021
BoP: CA: Income (USD mn) -2,031.008 Sep 2021 quarterly Mar 2008 - Sep 2021
BoP: CF: Financial Account: Assets: Direct Investment (USD mn) -822.340 Sep 2021 quarterly Mar 2008 - Sep 2021
BoP: CA: Services: Debit (USD mn) -3,430.782 Sep 2021 quarterly Mar 2008 - Sep 2021
BoP: CA: Current Transfers: Debit (USD mn) -94.776 Sep 2021 quarterly Mar 2008 - Sep 2021
BoP: CA: Goods: Credit (USD mn) 12,650.276 Sep 2021 quarterly Mar 2008 - Sep 2021
BoP: CA: Goods: Debit (USD mn) -10,884.367 Sep 2021 quarterly Mar 2008 - Sep 2021
BoP: CA: Current Transfers: Credit (USD mn) 6,553.759 Sep 2021 quarterly Mar 2008 - Sep 2021
BoP: CF: Financial Account: Liabilities: Other Investment (USD mn) -233.013 Jun 2021 quarterly Mar 2008 - Jun 2021
BoP: CF: Financial Account: Assets: Reserves Assets (USD mn) -5,283.967 Sep 2021 quarterly Mar 2008 - Sep 2021
BoP: CF: Financial Account: Liabilities (USD mn) 11,881.648 Sep 2021 quarterly Mar 2008 - Sep 2021
BoP: CF: Capital Account (USD mn) 0.000 Sep 2021 quarterly Mar 2008 - Sep 2021
BoP: CF: Financial Account: Assets: Portfolio Investment (USD mn) 2.464 Sep 2021 quarterly Mar 2008 - Sep 2021
BoP: CA: Services (USD mn) -2,513.605 Sep 2021 quarterly Mar 2008 - Sep 2021
BoP: CF: Financial Account: Assets: Other Investment (USD mn) -3,204.269 Sep 2021 quarterly Mar 2008 - Sep 2021
BoP: CA: Goods (USD mn) 1,765.909 Sep 2021 quarterly Mar 2008 - Sep 2021
BoP: CA: Current Transfers (USD mn) 6,458.983 Sep 2021 quarterly Mar 2008 - Sep 2021
BoP: CF: Financial Account: Liabilities: Portfolio Investment (USD mn) 7,457.719 Sep 2021 quarterly Mar 2008 - Sep 2021
BoP: CA: Income: Credit (USD mn) 587.982 Sep 2021 quarterly Mar 2008 - Sep 2021
BoP: CF: Financial Account (USD mn) 2,573.536 Sep 2021 quarterly Mar 2008 - Sep 2021
External Debt: Government: International Capital Market (USD mn) 14,368.350 Sep 2021 quarterly Mar 2011 - Sep 2021
External Debt: Service Payments (USD mn) 194.440 Dec 2018 quarterly Mar 2008 - Dec 2018
External Debt: Government (USD mn) 37,955.090 Sep 2021 quarterly Dec 2006 - Sep 2021
Capital Inflow: Foreign Direct Investment (USD) 41,260,230.340 Aug 2021 monthly Jan 2007 - Aug 2021
Monetary Last Frequency Range
Non Performing Loans Ratio (%) 11.4 2018 yearly 2003 - 2018
Non-Performing Loans (USD mn) 3,315.011 Mar 2021 quarterly Mar 2007 - Mar 2021
Money Supply M1 (USD mn) 41,594.097 Nov 2021 monthly Nov 1992 - Nov 2021
Money Supply M2 (USD mn) 103,667.763 Nov 2021 monthly Nov 1992 - Nov 2021
M2 Growth (%) 16.6 Nov 2021 monthly Nov 1993 - Nov 2021
Reserve Requirement Ratio (%) 27.5 Apr 2021 monthly Nov 2005 - Apr 2021
Foreign Exchange Reserves (USD mn) 34,820.5 Mar 2021 monthly Jan 1960 - Mar 2021
Foreign Exchange Reserves: % of GDP (%) 9.684 Sep 2021 quarterly Dec 2010 - Sep 2021
Foreign Exchange Reserves: Months of Import (NA) 6.9 Sep 2021 monthly Jan 2003 - Sep 2021
Gold Reserves (USD mn) 0.062 Jan 2018 monthly Dec 1950 - Jan 2018
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) 117,725.1 Nov 2021 monthly Nov 1992 - Nov 2021
Domestic Credit Growth (%) 20.3 Nov 2021 monthly Nov 1993 - Nov 2021
Private Debt: % of Nominal GDP (%) 11.41 Sep 2020 quarterly Dec 2010 - Sep 2020
Monetary Survey: Liabilities: Base Money (NGN mn) 12,994,110.880 Nov 2021 monthly Jan 1993 - Nov 2021
Monetary Survey: Liabilities: M2 (NGN mn) 42,572,203.400 Nov 2021 monthly Nov 1992 - Nov 2021
Monetary Survey: Liabilities: M3 (NGN mn) 35,345,802.020 Jun 2020 monthly Nov 1992 - Jun 2020
Monetary Survey: Liabilities: M2: M1 (NGN mn) 17,081,031.930 Nov 2021 monthly Nov 1992 - Nov 2021
Monetary Survey: Liabilities: M2: Quasi Money (NGN mn) 25,491,171.480 Nov 2021 monthly Nov 1992 - Nov 2021
Non Performing Loans to Gross Loans (%) 6.020 Dec 2020 semiannually Dec 2003 - Dec 2020
Business and Economic Survey Last Frequency Range
Business Confidence Growth (% Point) -22.4 Dec 2020 monthly Jul 2015 - Dec 2020

More Indicators for Nigeria

Check out our pricing options.

Explore the most complete set of 6.6 million time series covering more than 200 economies, 20 industries and 18 macroeconomic sectors.

View pricing options

CEIC Flex

from $49

Entry level access to the CEIC platform for individual users. Download limits apply. Payable monthly by credit card.

View this option

CEIC Unlimited

Request a Demo

Full and unlimited access to CEIC data for multiple users. Suitable for enterprise usage. Available via annual subscription to one or more of CEIC’s global and premium databases.

Request a demo
Unlimited access tailored to your data needs
Flexible monthly access to CEIC data