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Nigeria · Deposit interest rate

Nigeria Deposit interest rate

Source: IMF — International Reserves and Foreign Currency Liquidity (IRFCL), International Liquidity (IL), Monetary and Financial Statistics (MFS), World Economic Outlook (WEO). · updated 2026-04-30

Latest · 2026-04-309.17%
Previous · 2026-03-3111.36%
Highest · 2001-10-3120.3%
Lowest · 2020-12-312.74%

Nigeria's deposit interest rate stands at 9.17% as of 2026-04-30, down from 11.36% in 2026-03-31. Historical data runs from 1996 to 2026 (364 observations).

Recent trend

In 2026-04-30, Nigeria's deposit interest rate was 9.17%, down from 11.36% in 2026-03-31.

In 2026-03-31, Nigeria's deposit interest rate was 11.36%, down from 11.77% in 2026-02-28.

In 2026-02-28, Nigeria's deposit interest rate was 11.77%, down from 12.01% in 2026-01-31.

In 2026-01-31, Nigeria's deposit interest rate was 12.01%, up from 11.82% in 2025-12-31.

In 2025-12-31, Nigeria's deposit interest rate was 11.82%, up from 10.82% in 2025-11-30.

Nigeria Deposit interest rate — historical data

DateValueChange
2026-04-309.17%-2.19%
2026-03-3111.36%-0.4086%
2026-02-2811.77%-0.2447%
2026-01-3112.01%+0.1942%
2025-12-3111.82%+0.9993%
2025-11-3010.82%-0.4982%
2025-10-3111.32%-0.9745%
2025-09-3012.29%+1.23%
2025-08-3111.06%+0.1964%
2025-07-3110.86%+0.091%
2025-06-3010.77%+0.5947%
2025-05-3110.18%-1.22%
2025-04-3011.4%+0.204%
2025-03-3111.19%-0.3483%
2025-02-2811.54%-0.4474%
2025-01-3111.99%+0.3994%
2024-12-3111.59%+2.06%
2024-11-309.53%-2.12%
2024-10-3111.65%-0.4259%
2024-09-3012.08%-2.32%
2024-08-3114.4%-0.8%
2024-07-3115.2%+3.15%
2024-06-3012.05%+0.76%
2024-05-3111.29%-0.36%
2024-04-3011.65%+0.75%
2024-03-3110.9%+1.01%
2024-02-299.89%+0.63%
2024-01-319.26%+1.7%
2023-12-317.56%+0.0287%
2023-11-307.53%-1.04%
2023-10-318.57%+1.04%
2023-09-307.52%-0.0229%
2023-08-317.55%-0.0756%
2023-07-317.62%-0.0571%
2023-06-307.68%-0.2671%
2023-05-317.95%+0.0288%
2023-04-307.92%+0.2879%
2023-03-317.63%-0.1491%
2023-02-287.78%-0.9798%
2023-01-318.76%-0.026%
2022-12-318.79%+0.3356%
2022-11-308.45%+0.4402%
2022-10-318.01%+1.02%
2022-09-306.99%+0.1953%
2022-08-316.79%+1.83%
2022-07-314.96%+0.4039%
2022-06-304.55%-0.1504%
2022-05-314.7%+0.2671%
2022-04-304.44%+0.0314%
2022-03-314.41%-0.0755%
2022-02-284.48%-0.5203%
2022-01-315%+0.061%
2021-12-314.94%-0.0157%
2021-11-304.96%-0.0627%
2021-10-315.02%+0.3702%
2021-09-304.65%-0.1535%
2021-08-314.8%+0.0259%
2021-07-314.78%-0.1847%
2021-06-304.96%+0.9589%
2021-05-314%+0.6799%
2021-04-303.32%+0.2726%
2021-03-313.05%-0.0822%
2021-02-283.13%+0.2543%
2021-01-312.88%+0.1356%
2020-12-312.74%-0.1571%
2020-11-302.9%-0.6208%
2020-10-313.52%-0.1799%
2020-09-303.7%-0.3554%
2020-08-314.05%-0.2567%
2020-07-314.31%-0.387%
2020-06-304.7%-0.9747%
2020-05-315.67%-0.3161%
2020-04-305.99%-0.1586%
2020-03-316.15%-0.0257%
2020-02-296.17%+0.3218%
2020-01-315.85%-0.7018%
2019-12-316.55%-2.03%
2019-11-308.59%-0.1123%
2019-10-318.7%-0.2643%
2019-09-308.96%+0.0303%

Source: IMF — International Reserves and Foreign Currency Liquidity (IRFCL), International Liquidity (IL), Monetary and Financial Statistics (MFS), World Economic Outlook (WEO). · Download this series as CSV — free, attribution required (CC BY 4.0).

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Frequently asked questions

What is Nigeria's deposit interest rate?

Nigeria's deposit interest rate is 9.17% as of 2026-04-30, compared with 11.36% in 2026-03-31. Source: IMF — International Reserves and Foreign Currency Liquidity (IRFCL), International Liquidity (IL), Monetary and Financial Statistics (MFS), World Economic Outlook (WEO).

What was the highest deposit interest rate in Nigeria?

The highest recorded value is 20.3% (2001-10-31); the lowest is 2.74% (2020-12-31), across data from 1996 to 2026.

Where does this data come from?

Source: IMF — International Reserves and Foreign Currency Liquidity (IRFCL), International Liquidity (IL), Monetary and Financial Statistics (MFS), World Economic Outlook (WEO). Figures are republished with attribution and updated as the source releases new observations.