Economy
Source: IMF, International Reserves and Foreign Currency Liquidity (IRFCL). · updated 2024-08-31
Nigeria's deposit interest rate stands at 14.4% as of 2024-08-31, down from 15.2% in 2024-07-31. Historical data runs from 1996 to 2024 (344 observations).
In 2024-08-31, Nigeria's deposit interest rate was 14.4%, down from 15.2% in 2024-07-31.
In 2024-07-31, Nigeria's deposit interest rate was 15.2%, up from 12.05% in 2024-06-30.
In 2024-06-30, Nigeria's deposit interest rate was 12.05%, up from 11.29% in 2024-05-31.
In 2024-05-31, Nigeria's deposit interest rate was 11.29%, down from 11.65% in 2024-04-30.
In 2024-04-30, Nigeria's deposit interest rate was 11.65%, up from 10.9% in 2024-03-31.
| Date | Value | Change |
|---|---|---|
| 2024-08-31 | 14.4% | -0.8% |
| 2024-07-31 | 15.2% | +3.15% |
| 2024-06-30 | 12.05% | +0.76% |
| 2024-05-31 | 11.29% | -0.36% |
| 2024-04-30 | 11.65% | +0.75% |
| 2024-03-31 | 10.9% | +1.01% |
| 2024-02-29 | 9.89% | +0.63% |
| 2024-01-31 | 9.26% | +1.7% |
| 2023-12-31 | 7.56% | +0.0287% |
| 2023-11-30 | 7.53% | -1.04% |
| 2023-10-31 | 8.57% | +1.04% |
| 2023-09-30 | 7.52% | -0.0229% |
| 2023-08-31 | 7.55% | -0.0756% |
| 2023-07-31 | 7.62% | -0.0571% |
| 2023-06-30 | 7.68% | -0.2671% |
| 2023-05-31 | 7.95% | +0.0288% |
| 2023-04-30 | 7.92% | +0.2879% |
| 2023-03-31 | 7.63% | -0.1491% |
| 2023-02-28 | 7.78% | -0.9798% |
| 2023-01-31 | 8.76% | -0.026% |
| 2022-12-31 | 8.79% | +0.3356% |
| 2022-11-30 | 8.45% | +0.4402% |
| 2022-10-31 | 8.01% | +1.02% |
| 2022-09-30 | 6.99% | +0.1953% |
| 2022-08-31 | 6.79% | +1.83% |
| 2022-07-31 | 4.96% | +0.4039% |
| 2022-06-30 | 4.55% | -0.1504% |
| 2022-05-31 | 4.7% | +0.2671% |
| 2022-04-30 | 4.44% | +0.0314% |
| 2022-03-31 | 4.41% | -0.0755% |
| 2022-02-28 | 4.48% | -0.5203% |
| 2022-01-31 | 5% | +0.061% |
| 2021-12-31 | 4.94% | -0.0157% |
| 2021-11-30 | 4.96% | -0.0627% |
| 2021-10-31 | 5.02% | +0.3702% |
| 2021-09-30 | 4.65% | -0.1535% |
| 2021-08-31 | 4.8% | +0.0259% |
| 2021-07-31 | 4.78% | -0.1847% |
| 2021-06-30 | 4.96% | +0.9589% |
| 2021-05-31 | 4% | +0.6799% |
| 2021-04-30 | 3.32% | +0.2726% |
| 2021-03-31 | 3.05% | -0.0822% |
| 2021-02-28 | 3.13% | +0.2543% |
| 2021-01-31 | 2.88% | +0.1356% |
| 2020-12-31 | 2.74% | -0.1571% |
| 2020-11-30 | 2.9% | -0.6208% |
| 2020-10-31 | 3.52% | -0.1799% |
| 2020-09-30 | 3.7% | -0.3554% |
| 2020-08-31 | 4.05% | -0.2567% |
| 2020-07-31 | 4.31% | -0.387% |
| 2020-06-30 | 4.7% | -0.9747% |
| 2020-05-31 | 5.67% | -0.3161% |
| 2020-04-30 | 5.99% | -0.1586% |
| 2020-03-31 | 6.15% | -0.0257% |
| 2020-02-29 | 6.17% | +0.3218% |
| 2020-01-31 | 5.85% | -0.7018% |
| 2019-12-31 | 6.55% | -2.03% |
| 2019-11-30 | 8.59% | -0.1123% |
| 2019-10-31 | 8.7% | -0.2643% |
| 2019-09-30 | 8.96% | +0.0303% |
| 2019-08-31 | 8.93% | +0.0803% |
| 2019-07-31 | 8.85% | -0.2432% |
| 2019-06-30 | 9.1% | -0.0237% |
| 2019-05-31 | 9.12% | -0.0325% |
| 2019-04-30 | 9.15% | -0.3264% |
| 2019-03-31 | 9.48% | -0.2046% |
| 2019-02-28 | 9.68% | -0.0033% |
| 2019-01-31 | 9.69% | +0.1825% |
| 2018-12-31 | 9.5% | +0.0904% |
| 2018-11-30 | 9.41% | -0.0562% |
| 2018-10-31 | 9.47% | +0.0324% |
| 2018-09-30 | 9.44% | -0.0725% |
| 2018-08-31 | 9.51% | +0.0598% |
| 2018-07-31 | 9.45% | +0.0731% |
| 2018-06-30 | 9.38% | -0.5895% |
| 2018-05-31 | 9.97% | +0.0803% |
| 2018-04-30 | 9.89% | +0.1707% |
| 2018-03-31 | 9.72% | -0.3366% |
| 2018-02-28 | 10.05% | -0.5731% |
| 2018-01-31 | 10.63% | +1.01% |
Source: IMF, International Reserves and Foreign Currency Liquidity (IRFCL). · Download this series as CSV — free, attribution required (CC BY 4.0).
Nigeria's deposit interest rate is 14.4% as of 2024-08-31, compared with 15.2% in 2024-07-31. Source: IMF, International Reserves and Foreign Currency Liquidity (IRFCL).
The highest recorded value is 20.3% (2001-10-31); the lowest is 2.74% (2020-12-31), across data from 1996 to 2024.
Source: IMF, International Reserves and Foreign Currency Liquidity (IRFCL). Figures are republished with attribution and updated as the source releases new observations.