Lending Rate, Percent per annum in Nigeria
Nigeria: Lending Rate, Percent per annum was 18.45 in 2025. ▲ Rising
Lending Rate, Percent per annum in Nigeria, 1970–2025
Source: International Monetary Fund.
Analysis
Nigeria recorded 18.45 for lending rate, percent per annum in 2025.
The figure is up 13.3% on the previous year and up 9.5% over ten years.
Over the whole period, lending rate, percent per annum in Nigeria peaked at 31.65 in 1993 and was at its lowest, 6, in 1977.
That places Nigeria 18th out of 144 countries with data for 2025, putting it in the top quarter.
The long-run direction has been consistently rising across the 56 years of available data.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 6.87 | 6 | 8.15 | 10 |
| 1980s | 11.75 | 8.43 | 20.44 | 10 |
| 1990s | 21.86 | 17.8 | 31.65 | 10 |
| 2000s | 19.53 | 15.14 | 24.77 | 10 |
| 2010s | 16.72 | 15.38 | 17.59 | 10 |
| 2020s | 14.37 | 11.48 | 18.45 | 6 |
Countries ranked near Nigeria
- 15 Ukraine 19.7 compare
- 16 Angola 19.37 compare
- 17 Honduras 18.58 compare
- 19 São Tomé and Príncipe, Democratic Republic of 17.74 compare
- 20 Mozambique, Republic of 17.53 compare
- 21 Russian Federation 17.09 compare
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 lending rate, percent per annum in Nigeria?
- Lending rate, percent per annum in Nigeria was 18.45 in 2025, according to International Monetary Fund.
- What is the highest lending rate, percent per annum recorded in Nigeria?
- The highest recorded value was 31.65 in 1993.
- What is the lowest lending rate, percent per annum recorded in Nigeria?
- The lowest recorded value was 6 in 1977.
- How does Nigeria rank for lending rate, percent per annum?
- Nigeria ranks 18th out of 144 countries with data for 2025.
- Is lending rate, percent per annum rising or falling in Nigeria?
- Over the last ten years it is up 9.5%. The long-run trend across the full record is rising.
- Where does this Nigeria data come from?
- The figures come from International Monetary Fund, published as part of Lending Rate, Percent per annum. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 56 observations, free to reuse under IMF Terms and Conditions (attribution required).
About this data
The Monetary and Financial Statistics (MFS), Interest Rates dataset presents country-specific interest rate data across sectors and instruments, based on nationally defined methodologies.