Africa Western and Central vs Nigeria: Interest rate spread (lending rate minus deposit rate, %)
Africa Western and Central
-1.6%
in 2016
Nigeria
7.2%
in 2025
Africa Western and Central rank
40th
Nigeria rank
40th
Interest rate spread (lending rate minus deposit rate, %) over time
- Africa Western and Central
- Nigeria
How they compare
Nigeria currently reports 7.2% against -1.6% in Africa Western and Central, a difference of 8.8%.
That makes Nigeria's figure about 4.4 times Africa Western and Central's.
Across all 12 years both countries report, Nigeria has been ahead every year.
Africa Western and Central ranks 40th and Nigeria ranks 40th of 40 groups.
Nigeria has averaged higher in every one of the 2 decades both report.
Head to head by decade
| Decade | Africa Western and Central | Nigeria | Difference | Ahead |
|---|---|---|---|---|
| 2000s | -2.1% | 6.1% | 8.2% | Nigeria |
| 2010s | -2.5% | 9.0% | 11.4% | Nigeria |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher interest rate spread, Africa Western and Central or Nigeria?
- Nigeria, at 7.2% against -1.6% in Africa Western and Central as of 2025.
- What is the difference in interest rate spread between Africa Western and Central and Nigeria?
- 8.8%, with Nigeria ahead.
- How many years of comparable data are there for Africa Western and Central and Nigeria?
- 12 years are reported by both, from 2005 to 2016.
- How do Africa Western and Central and Nigeria rank globally for interest rate spread?
- Africa Western and Central ranks 40th and Nigeria ranks 40th of 40 groups.
- Where does this data come from?
- International Financial Statistics database, International Monetary Fund (IMF), published as Interest rate spread (lending rate minus deposit rate, %). Statizoid refreshes it automatically from the source and publishes the full history for both places.
Individual pages
About this data
Interest rate spread is the interest rate charged by banks on loans to private sector customers minus the interest rate paid by commercial or similar banks for demand, time, or savings deposits. The terms and conditions attached to these rates differ by country, however, limiting their comparability.