Bank lending-deposit spread in Nigeria
Nigeria: Bank lending-deposit spread was 9 in 2020. ▲ Rising
Bank lending-deposit spread in Nigeria, 1980–2020
Source: International Financial Statistics (IFS), International Monetary Fund (IMF).
Analysis
The most recent figure for bank lending-deposit spread in Nigeria is 9, measured in 2020.
That represents a change of up 38.9% on the previous year and down 18.7% over ten years.
Over the whole period, bank lending-deposit spread in Nigeria peaked at 11.06 in 2010 and was at its lowest, 0.3167, in 1985.
That places Nigeria 25th out of 124 countries with data for 2020, putting it in the top quarter.
The long-run direction has been consistently rising across the 41 years of available data.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1980s | 2.42 | 0.3167 | 5.77 | 10 |
| 1990s | 7.28 | 5.12 | 10.63 | 10 |
| 2000s | 6.84 | 3.27 | 9.58 | 10 |
| 2010s | 8.45 | 6.48 | 11.06 | 10 |
| 2020s | 9 | 9 | 9 | 1 |
Countries ranked near Nigeria
More financial sector data for Nigeria
- Domestic credit to private sector by banks 13.1% (2023)
- Total reserves in months of imports 7.12 (2025)
- Net domestic credit 66.12 trillion current LCU (2022)
- Net foreign assets 3.79 trillion current LCU (2022)
- Monetary Sector credit to private sector 9.6% (2022)
- Broad money 25.1% (2023)
- Claims on central government, etc. 8.6% (2022)
- Domestic credit to private sector 9.6% (2022)
- Official exchange rate 1,518 LCU per US$, period average (2025)
- Net migration -15,258 (2025)
Frequently asked questions
- What is bank lending-deposit spread in Nigeria?
- Bank lending-deposit spread in Nigeria was 9 in 2020, according to International Financial Statistics (IFS), International Monetary Fund (IMF).
- What is the highest bank lending-deposit spread recorded in Nigeria?
- The highest recorded value was 11.06 in 2010.
- What is the lowest bank lending-deposit spread recorded in Nigeria?
- The lowest recorded value was 0.3167 in 1985.
- How does Nigeria rank for bank lending-deposit spread?
- Nigeria ranks 25th out of 124 countries with data for 2020.
- Is bank lending-deposit spread rising or falling in Nigeria?
- Over the last ten years it is down 18.7%. The long-run trend across the full record is rising.
- Where does this Nigeria data come from?
- The figures come from International Financial Statistics (IFS), International Monetary Fund (IMF), published as part of Bank lending-deposit spread. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 41 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
About this data
Raw data are from the electronic version of the IMF’s International Financial Statistics. Difference between lending rate and deposit rate. Lending rate is the rate charged by banks on loans to the private sector and deposit interest rate is the rate offered by commercial banks on three-month deposits. IFS line 60P - line 60L.