Nigeria Short Term Interest Rate

2010 - 2021 | Monthly | % pa | Financial Markets Dealers Association

Nigeria Short Term Interest Rate: Month End: Nigeria: NIBOR: 3 Months was reported at 1.57 % pa in Jan 2021, compared with 0.48 % pa in the previous month. Nigeria Short Term Interest Rate data is updated monthly, available from Jan 2010 to Jan 2021. The data reached an all-time high of 22.95 % pa in Mar 2012 and a record low of 0.36 % pa in Nov 2020. Short Term Interest Rate is reported by reported by Financial Markets Dealers Association. The cash rate (Policy Rate: Month End) was set at 11.50 % pa in Jan 2021. Nigeria Exchange Rate against USD averaged 379.50 (NGN/USD) in Jan 2021. Its Real Effective Exchange Rate was 127.96 in Dec 2020.

View Nigeria's Short Term Interest Rate from Jan 2010 to Jan 2021 in the chart:

Nigeria Short Term Interest Rate

What was Nigeria's Short Term Interest Rate in Jan 2021?

Last Previous Min Max Unit Frequency Range
1.57 Jan 2021 0.48 Dec 2020 0.36 Nov 2020 22.95 Mar 2012 % pa monthly Jan 2010 - Jan 2021

Short Term Interest Rate by Country Comparison

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Includes Short Term Interest Rate on 98 economies standardised by CEIC. Instant access to full history data in excel.
country/region Last Frequency Range
Albania (% pa) 0.54 Nov 2020 monthly Jan 2002 - Nov 2020
Algeria (% pa) 3.06 Sep 2019 monthly Jun 2006 - Sep 2019
Argentina (% pa) 30.41 Jan 2021 monthly Jan 1999 - Jan 2021
Armenia (% pa) 6.12 Dec 2020 monthly Jan 2000 - Dec 2020
Australia (% pa) 0.01 Jan 2021 monthly Jun 1969 - Jan 2021
Austria (% pa) -0.55 Jan 2021 monthly Dec 1998 - Jan 2021
Azerbaijan (% pa) 6.00 Feb 2018 monthly Dec 2002 - Feb 2018
Bahrain (% pa) 0.25 Sep 2020 quarterly Jun 2003 - Sep 2020
Bangladesh (% pa) 0.52 Dec 2020 monthly Sep 2003 - Dec 2020
Belarus (% pa) 14.95 Dec 2020 monthly Apr 2003 - Dec 2020
Belgium (% pa) -0.55 Jan 2021 monthly Dec 1998 - Jan 2021
Bolivia (% pa) 8.50 Nov 2020 monthly Jan 1998 - Nov 2020
Botswana (% pa) 3.10 Dec 2020 monthly Jan 2003 - Dec 2020
Bulgaria (% pa) -0.05 Jun 2018 monthly Feb 2003 - Jun 2018
Cambodia (% pa) 1.70 Jan 2021 monthly Dec 2016 - Jan 2021
Canada (% pa) 0.07 Jan 2021 monthly Jan 1993 - Jan 2021
China (% pa) 2.77 Jan 2021 monthly Oct 2006 - Jan 2021
Colombia (% pa) 1.91 Jan 2021 monthly Jan 1986 - Jan 2021
Croatia (% pa) 0.39 Dec 2019 monthly Sep 2002 - Dec 2019
Cyprus (% pa) -0.55 Jan 2021 monthly Dec 1998 - Jan 2021
Czech Republic (% pa) 0.36 Jan 2021 monthly Apr 1992 - Jan 2021
Denmark (% pa) -0.43 Sep 2019 monthly Jun 1988 - Sep 2019
Egypt (% pa) 9.52 Jan 2021 monthly Jan 2001 - Jan 2021
Estonia (% pa) -0.55 Jan 2021 monthly Dec 1998 - Jan 2021
European Union (% pa) -0.55 Jan 2021 monthly Dec 1998 - Jan 2021
Finland (% pa) -0.55 Jan 2021 monthly Dec 1998 - Jan 2021
France (% pa) -0.55 Jan 2021 monthly Dec 1998 - Jan 2021
Georgia (% pa) 8.00 Jan 2021 monthly Feb 2008 - Jan 2021
Germany (% pa) -0.55 Jan 2021 monthly Dec 1998 - Jan 2021
Ghana (% pa) 14.08 Dec 2020 monthly Aug 1996 - Dec 2020
Greece (% pa) -0.55 Jan 2021 monthly Dec 1998 - Jan 2021
Hong Kong SAR, China (% pa) 0.24 Jan 2021 monthly Jul 1996 - Jan 2021
Hungary (% pa) 0.75 Jan 2021 monthly Aug 1996 - Jan 2021
Iceland (% pa) 1.38 Jan 2021 monthly Aug 1998 - Jan 2021
India (% pa) 3.73 Jan 2021 monthly Dec 1998 - Jan 2021
Indonesia (% pa) 4.04 Jan 2021 monthly Dec 1995 - Jan 2021
Ireland (% pa) -0.55 Jan 2021 monthly Dec 1998 - Jan 2021
Israel (% pa) 0.09 Jan 2021 monthly Mar 2007 - Jan 2021
Italy (% pa) -0.55 Jan 2021 monthly Dec 1998 - Jan 2021
Japan (% pa) 0.08 Jan 2021 monthly Jan 1997 - Jan 2021
Jordan (% pa) 4.66 Jan 2021 monthly Aug 2005 - Jan 2021
Kazakhstan (% pa) 10.50 Nov 2020 monthly Jul 2000 - Nov 2020
Kenya (% pa) 6.69 Nov 2020 monthly Jul 1991 - Nov 2020
South Korea (% pa) 0.75 Jan 2021 monthly Jul 2004 - Jan 2021
Kosovo (% pa) -0.55 Jan 2021 monthly Dec 1998 - Jan 2021
Kuwait (% pa) 1.44 Jan 2021 monthly Nov 2001 - Jan 2021
Latvia (% pa) -0.55 Jan 2021 monthly Dec 1998 - Jan 2021
Lebanon (% pa) 3.00 Nov 2020 monthly Mar 1972 - Nov 2020
Lithuania (% pa) -0.55 Jan 2021 monthly Dec 1998 - Jan 2021
Luxembourg (% pa) -0.55 Jan 2021 monthly Dec 1998 - Jan 2021
Macau SAR, China (% pa) 0.27 Jan 2021 monthly Jun 1988 - Jan 2021
North Macedonia (% pa) 1.36 Jan 2021 monthly Jul 2007 - Jan 2021
Malawi (% pa) 9.95 Nov 2020 monthly Jan 1983 - Nov 2020
Malaysia (% pa) 1.94 Jan 2021 monthly Jan 1988 - Jan 2021
Malta (% pa) -0.55 Jan 2021 monthly Dec 1998 - Jan 2021
Mauritius (% pa) 0.25 Dec 2020 monthly Apr 1998 - Dec 2020
Mexico (% pa) 4.41 Jan 2021 monthly Jan 1997 - Jan 2021
Moldova (% pa) 7.14 Jan 2021 monthly Dec 2005 - Jan 2021
Montenegro (% pa) -0.55 Jan 2021 monthly Dec 1998 - Jan 2021
Morocco (% pa) 1.50 Jan 2021 monthly Jan 1995 - Jan 2021
Mozambique (% pa) 7.40 Jan 2021 monthly Nov 2005 - Jan 2021
Myanmar (% pa) 4.00 2020 yearly 1986 - 2020
Nepal (% pa) 0.60 Dec 2020 monthly Feb 1993 - Dec 2020
Netherlands (% pa) -0.55 Jan 2021 monthly Dec 1998 - Jan 2021
New Zealand (% pa) 0.29 Jan 2021 monthly Jan 1985 - Jan 2021
Nigeria (% pa) 1.57 Jan 2021 monthly Jan 2010 - Jan 2021
Norway (% pa) 1.77 Jan 2020 monthly Jan 1986 - Jan 2020
Oman (% pa) 0.00 Nov 2020 monthly Jan 2004 - Nov 2020
Pakistan (% pa) 7.34 Jan 2021 monthly Nov 2004 - Jan 2021
Panama (% pa) 0.87 Dec 2020 monthly Jan 2006 - Dec 2020
Philippines (% pa) 0.98 Jan 2021 monthly Jan 1975 - Jan 2021
Poland (% pa) 0.21 Jan 2021 monthly Jan 1999 - Jan 2021
Portugal (% pa) -0.55 Jan 2021 monthly Dec 1998 - Jan 2021
Qatar (% pa) 1.10 Dec 2020 monthly Jul 2004 - Dec 2020
Romania (% pa) 1.54 Jan 2021 monthly Aug 1995 - Jan 2021
Russia (% pa) 4.66 Jan 2021 monthly Aug 2000 - Jan 2021
Saudi Arabia (% pa) 0.82 Dec 2020 monthly Jan 2007 - Dec 2020
Serbia (% pa) 0.89 Jan 2021 monthly Aug 2005 - Jan 2021
Singapore (% pa) 0.40 Jan 2021 monthly Oct 1995 - Jan 2021
Slovakia (% pa) -0.55 Jan 2021 monthly Dec 1998 - Jan 2021
Slovenia (% pa) -0.55 Jan 2021 monthly Dec 1998 - Jan 2021
South Africa (% pa) 3.76 Jan 2021 monthly Dec 1980 - Jan 2021
Spain (% pa) -0.55 Jan 2021 monthly Dec 1998 - Jan 2021
Sri Lanka (% pa) 6.96 Jun 2020 monthly Jul 2000 - Jun 2020
Sweden (% pa) 0.03 Jul 2020 monthly Jan 1987 - Jul 2020
Switzerland (% pa) -0.73 Jan 2021 monthly Jul 1999 - Jan 2021
Taiwan (% pa) 0.48 Jan 2021 monthly Oct 2005 - Jan 2021
Thailand (% pa) 0.62 Jan 2021 monthly Jan 2005 - Jan 2021
Turkey (% pa) 17.95 Jan 2021 monthly Aug 2002 - Jan 2021
Ukraine (% pa) 15.25 Nov 2020 monthly Jan 2006 - Nov 2020
United Arab Emirates (% pa) 0.38 Jan 2021 monthly Oct 2009 - Jan 2021
United Kingdom (% pa) 0.04 Jan 2021 monthly Jan 1986 - Jan 2021
United States (% pa) 0.06 Jan 2021 monthly Jan 1954 - Jan 2021
Uruguay (% pa) 5.12 Jan 2021 monthly Sep 2002 - Jan 2021
Venezuela (% pa) 40.19 Jan 2021 monthly Jan 1998 - Jan 2021
Vietnam (% pa) 1.11 Jan 2021 monthly Jul 2004 - Jan 2021
Yemen (% pa) 16.07 Jan 2015 monthly Dec 1995 - Jan 2015
Zambia (% pa) 14.00 Dec 2020 monthly Jan 2006 - Dec 2020

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Nigeria Key Series

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Includes 267 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 (%) -3.5 Sep 2020 quarterly Dec 2010 - Sep 2020
Consolidated Fiscal Balance (USD mn) -3,462.697 Sep 2020 quarterly Mar 2005 - Sep 2020
National Government Debt (USD mn) 73,740.7 Sep 2020 quarterly Dec 2006 - Sep 2020
Government Debt: % of GDP (%) 18.9 Sep 2020 quarterly Dec 2010 - Sep 2020
Forecast: Government Expenditure (NGN bn) 34,920.128 2025 yearly 1990 - 2025
Forecast: Government Net Debt (NGN bn) 109,473.696 2025 yearly 1990 - 2025
Forecast: Government Revenue (NGN bn) 21,509.034 2025 yearly 1990 - 2025
Gross Federation Account Revenue (NGN bn) 2,268.700 Sep 2020 quarterly Mar 2005 - Sep 2020
Federal Govt Balance (NGN bn) -1,289.030 Sep 2020 quarterly Mar 2005 - Sep 2020
Gross Federation Account Revenue: Oil (NGN bn) 953.900 Sep 2020 quarterly Mar 2005 - Sep 2020
Federal Govt Revenue (NGN bn) 842.090 Sep 2020 quarterly Mar 2005 - Sep 2020
Federal Govt Expenditure (NGN bn) 2,131.120 Sep 2020 quarterly Mar 2005 - Sep 2020
Federal Govt Expenditure: Recurrent (NGN bn) 1,650.430 Sep 2020 quarterly Mar 2005 - Sep 2020
Government Debt: Domestic (NGN bn) 15,846.231 Sep 2020 quarterly Dec 2005 - Sep 2020
Foreign Trade Last Frequency Range
Forecast: Exports of Goods Growth (%) 3.768 2025 yearly 1991 - 2025
Trade Balance (USD mn) -2,187.3 Sep 2020 monthly Jan 2003 - Sep 2020
Total Exports (USD mn) 3,152.6 Oct 2020 monthly Jan 1981 - Oct 2020
Total Exports Growth (%) -45.3 Oct 2020 monthly Jan 1982 - Oct 2020
Aluminum: Exports (USD th) 107,795.596 2019 yearly 1995 - 2019
Exports: Medicament (USD th) 1,226.579 2019 yearly 1995 - 2019
Exports: Medicinal and Pharmaceutical Product (USD th) 302.933 2019 yearly 1995 - 2019
Total Imports (USD mn) 4,365.6 Oct 2020 monthly Jan 1981 - Oct 2020
Total Imports Growth (%) -3.3 Oct 2020 monthly Jan 1982 - Oct 2020
Imports: Medicament (USD th) 1,128,625.385 2019 yearly 1995 - 2019
Imports: Medicinal and Pharmaceutical Product (USD th) 348,770.759 2019 yearly 1995 - 2019
Total Exports to USA (USD mn) 36.075 Sep 2020 monthly Jan 2003 - Sep 2020
Total Imports from USA (USD mn) 440.409 Jun 2020 monthly Dec 2009 - Jun 2020
Total Exports to China (USD mn) 45.540 Sep 2020 monthly Jan 2007 - Sep 2020
Total Imports from China (USD mn) 1,434.864 Sep 2020 monthly Jan 2007 - Sep 2020
Exports: Crude Oil (NGN mn) 741,619.014 Sep 2020 monthly Jan 2003 - Sep 2020
Imports (NGN mn) 1,726,282.631 Sep 2020 monthly Jan 2003 - Sep 2020
Exports (NGN mn) 896,197.689 Sep 2020 monthly Jan 2003 - Sep 2020
Exports: Europe: ow UK (NGN mn) 43,927.742 Sep 2020 monthly Jan 2003 - Sep 2020
Exports: Europe: ow Netherlands (NGN mn) 41,158.396 Sep 2020 monthly Jan 2003 - Sep 2020
Exports: America: ow USA (NGN mn) 13,690.314 Sep 2020 monthly Jan 2003 - Sep 2020
Imports: Europe: ow Germany (NGN mn) 58,645.353 Sep 2020 monthly Jan 2003 - Sep 2020
Imports: Europe: ow UK (NGN mn) 49,914.792 Sep 2020 monthly Jan 2003 - Sep 2020
Imports: Europe: ow Netherlands (NGN mn) 92,219.069 Sep 2020 monthly Jan 2003 - Sep 2020
Imports: Asia: ow China (NGN mn) 544,531.030 Sep 2020 monthly Jan 2007 - Sep 2020
Imports: America: ow USA (NGN mn) 150,210.220 Sep 2020 monthly Jan 2003 - Sep 2020
Exports: Plastic and Articles Thereof, Rubber and Articles Thereof (NGN mn) 31,542.858 2019 yearly 2003 - 2019
Exports: Vegetable Products (NGN mn) 155,226.703 2019 yearly 2003 - 2019
Exports: Mineral Products (NGN mn) 16,729,111.795 2019 yearly 2003 - 2019
Imports: Food and Live Animals (NGN mn) 262,461.921 Sep 2020 monthly Jan 2003 - Sep 2020
Imports: Mineral Fuels, Lubricants and Related Materials (NGN mn) 180,581.666 Sep 2020 monthly Jan 2003 - Sep 2020
Imports: Chemicals and Chemical Products (NGN mn) 329,122.938 Sep 2020 monthly Jan 2003 - Sep 2020
Imports: Machinery and Transport Equipment (NGN mn) 652,634.461 Sep 2020 monthly Jan 2003 - Sep 2020
Balance of Payments Last Frequency Range
Direct Investment Abroad (USD mn) 310.0 Sep 2020 quarterly Mar 2008 - Sep 2020
Current Account Balance (USD mn) -3,337.9 Sep 2020 quarterly Mar 2008 - Sep 2020
Current Account Balance: % of GDP (%) -3.4 Jun 2020 quarterly Mar 2008 - Jun 2020
Foreign Direct Investment (USD mn) 775.2 Sep 2020 quarterly Mar 2008 - Sep 2020
Foreign Direct Investment: % of GDP (%) 0.7 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: % of GDP (%) 1.7 Sep 2020 quarterly Mar 2010 - Sep 2020
Foreign Portfolio Investment (USD mn) 1,742.401 Sep 2020 quarterly Mar 2008 - Sep 2020
Foreign Portfolio Investment: Debt Securities (USD mn) 1,616.930 Sep 2020 quarterly Mar 2008 - Sep 2020
External Debt (USD mn) 8,991.3 Mar 2013 quarterly Jun 2011 - Mar 2013
External Debt: % of GDP (%) 1.9 2012 yearly 2011 - 2012
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) -4.059 2025 yearly 1980 - 2025
Net International Investment Position (USD mn) -72,916.692 2019 yearly 2005 - 2019
BoP: CA: Income: Debit (USD mn) -1,232.068 Sep 2020 quarterly Mar 2008 - Sep 2020
BoP: CF: Financial Account: Assets: Other Investment (USD mn) 2,858.760 Sep 2020 quarterly Mar 2008 - Sep 2020
BoP: CF: Financial Account: Assets: Portfolio Investment (USD mn) -73.290 Sep 2020 quarterly Mar 2008 - Sep 2020
BoP: CF: Capital Account (USD mn) 0.000 Jun 2020 quarterly Mar 2008 - Jun 2020
BoP: CA: Current Transfers: Debit (USD mn) -176.520 Sep 2020 quarterly Mar 2008 - Sep 2020
BoP: CF: Financial Account: Assets: Direct Investment (USD mn) -310.030 Sep 2020 quarterly Mar 2008 - Sep 2020
BoP: CA: Current Transfers (USD mn) 4,354.980 Sep 2020 quarterly Mar 2008 - Sep 2020
BoP: CA: Current Transfers: Credit (USD mn) 4,531.500 Sep 2020 quarterly Mar 2008 - Sep 2020
BoP: CF: Financial Account: Assets (USD mn) 2,331.970 Sep 2020 quarterly Mar 2008 - Sep 2020
BoP: CF: Financial Account (USD mn) 2,663.650 Sep 2020 quarterly Mar 2008 - Sep 2020
BoP: CA: Services: Debit (USD mn) -2,784.400 Sep 2020 quarterly Mar 2008 - Sep 2020
BoP: CA: Goods: Debit (USD mn) -12,921.520 Sep 2020 quarterly Mar 2008 - Sep 2020
BoP: Net Errors & Omission (USD mn) 674.260 Sep 2020 quarterly Mar 2008 - Sep 2020
BoP: CA: Services: Credit (USD mn) 969.400 Sep 2020 quarterly Mar 2008 - Sep 2020
BoP: CA: Services (USD mn) -1,815.000 Sep 2020 quarterly Mar 2008 - Sep 2020
BoP: CA: Goods (USD mn) -4,912.390 Sep 2020 quarterly Mar 2008 - Sep 2020
BoP: CF: Financial Account: Liabilities: Portfolio Investment (USD mn) 1,742.400 Sep 2020 quarterly Mar 2008 - Sep 2020
BoP: CF: Financial Account: Liabilities (USD mn) 331.680 Sep 2020 quarterly Mar 2008 - Sep 2020
BoP: CA: Goods: Credit (USD mn) 8,009.130 Sep 2020 quarterly Mar 2008 - Sep 2020
BoP: CF: Financial Account: Assets: Reserves Assets (USD mn) -143.480 Sep 2020 quarterly Mar 2008 - Sep 2020
BoP: CF: Financial Account: Liabilities: Other Investment (USD mn) -2,185.920 Sep 2020 quarterly Mar 2008 - Sep 2020
BoP: CA: Income (USD mn) -965.510 Sep 2020 quarterly Mar 2008 - Sep 2020
BoP: CA: Income: Credit (USD mn) 266.560 Sep 2020 quarterly Mar 2008 - Sep 2020
External Debt: Government: International Capital Market (USD mn) 10,868.350 Sep 2020 quarterly Mar 2011 - Sep 2020
External Debt: Service Payments (USD mn) 194.440 Dec 2018 quarterly Mar 2008 - Dec 2018
Capital Inflow: Foreign Direct Investment (USD) 121,386,927.600 Jun 2020 monthly Jan 2007 - Jun 2020
Monetary Last Frequency Range
Non Performing Loans Ratio (%) 11.4 2018 yearly 2003 - 2018
Money Supply M1 (USD mn) 39,048.777 Nov 2020 monthly Nov 1992 - Nov 2020
Money Supply M2 (USD mn) 96,226.076 Nov 2020 monthly Nov 1992 - Nov 2020
M2 Growth (%) 28.5 Nov 2020 monthly Nov 1993 - Nov 2020
Reserve Requirement Ratio (%) 27.5 Feb 2021 monthly Nov 2005 - Feb 2021
Foreign Exchange Reserves (USD mn) 36,303.1 Jan 2021 monthly Jan 1960 - Jan 2021
Foreign Exchange Reserves: % of GDP (%) 8.264 Dec 2020 quarterly Dec 2010 - Dec 2020
Foreign Exchange Reserves: Months of Import (NA) 8.2 Oct 2020 monthly Jan 1981 - Oct 2020
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) 105,913.5 Nov 2020 monthly Nov 1992 - Nov 2020
Domestic Credit Growth (%) 13.2 Nov 2020 monthly Nov 1993 - Nov 2020
Private Debt: % of Nominal GDP (%) 11.41 Sep 2020 quarterly Dec 2010 - Sep 2020
Monetary Survey: Liabilities: M3 (NGN mn) 35,345,802.020 Jun 2020 monthly Nov 1992 - Jun 2020
Monetary Survey: Liabilities: M2 (NGN mn) 36,517,795.800 Nov 2020 monthly Nov 1992 - Nov 2020
Non Performing Loans to Gross Loans (%) 9.335 Jun 2019 semiannually Dec 2003 - Jun 2019
Business and Economic Survey Last Frequency Range
Business Confidence: Net Balance (% Point) 2.5 Dec 2020 monthly Feb 2018 - Dec 2020
Business Confidence Growth (% Point) -22.4 Dec 2020 monthly Jul 2015 - Dec 2020

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