Nigeria Lending Rates

Nigeria Maximum Lending Rate

2006 - 2018 | Monthly | % pa | Central Bank of Nigeria

Maximum Lending Rate data was reported at 30.670 % pa in Oct 2018. This records a decrease from the previous number of 30.770 % pa for Sep 2018. Maximum Lending Rate data is updated monthly, averaging 23.570 % pa from Jan 2006 to Oct 2018, with 154 observations. The data reached an all-time high of 31.560 % pa in Apr 2018 and a record low of 17.170 % pa in May 2007. Maximum Lending Rate data remains active status in CEIC and is reported by Central Bank of Nigeria. The data is categorized under Global Database’s Nigeria – Table NG.M003: Lending Rates.

Last Frequency Range
31.29 May 2018 monthly Jan 2006 - May 2018

View Nigeria's Nigeria Maximum Lending Rate from Jan 2006 to May 2018 in the chart:

Nigeria Nigeria Maximum Lending Rate

Prime Lending Rate

2006 - 2023 | Monthly | % pa | Central Bank of Nigeria

Prime Lending Rate data was reported at 14.170 % pa in Dec 2023. This records an increase from the previous number of 14.050 % pa for Nov 2023. Prime Lending Rate data is updated monthly, averaging 16.535 % pa from Jan 2006 to Dec 2023, with 216 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. Prime Lending Rate data remains active status in CEIC and is reported by Central Bank of Nigeria. The data is categorized under Global Database’s Nigeria – Table NG.M003: Lending Rates.

Last Frequency Range
14.170 Dec 2023 monthly Jan 2006 - Dec 2023

View Nigeria's Prime Lending Rate from Jan 2006 to Dec 2023 in the chart:

Nigeria Prime Lending Rate
Maximum Lending Rate
Prime Lending Rate
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