Nigeria Bank Lending Interest Rate (2023)
Nigeria's Bank Lending Interest Rate: 14 % per annum in 2023, +1.7pp YoY. World Bank (FR.INR.LEND), 1990–2023.
Nigeria (2023)
14
% per annum
+1.7pp YoY
YoY Change
+1.7pp
percentage points
Trend
up
Series length
35
years of data
Data
| Year | % per annum | YoY Change |
|---|---|---|
| 2023 | 14 | +1.7pp |
| 2022 | 12.3 | +0.9pp |
| 2021 | 11.5 | -2.2pp |
| 2020 | 13.6 | -1.7pp |
| 2019 | 15.4 | -1.5pp |
| 2018 | 16.9 | -0.7pp |
| 2017 | 17.6 | +0.7pp |
| 2016 | 16.9 | +0pp |
| 2015 | 16.9 | +0.3pp |
| 2014 | 16.6 | -0.2pp |
| 2013 | 16.7 | -0.1pp |
| 2012 | 16.8 | +0.8pp |
| 2011 | 16 | -1.6pp |
| 2010 | 17.6 | -1.4pp |
| 2009 | 19 | +3.9pp |
| 2008 | 15.1 | -1.8pp |
| 2007 | 16.9 | +0.1pp |
| 2006 | 16.9 | -1.1pp |
| 2005 | 18 | -1.2pp |
| 2004 | 19.2 | n/a |
About this Dataset
Nigeria recorded 14.0 % per annum in 2023. The most recent year-on-year change was +1.7pp. The historical series (1990–2023) shows a peak of 31.6 in 1993 and a trough of 11.5 in 2021.
Data sourced from World Bank Open Data API. Values use World Bank standardised methodology ensuring cross-country comparability.
The chart above shows the full historical trend; the table below lists annual values with year-on-year changes.
Frequently Asked Questions
This indicator tracks nigeria bank lending interest rate in Nigeria, published by World Bank. Data covers 1990–2023 at annual frequency using harmonised methodology.
The most recent observation covers 2023. World Bank typically publishes this series with a lag of several months after the reference period. Data is updated annual.
The series peaked at 31.6 % per annum in 1993 and reached its lowest recorded value of 11.5 in 2021. The latest reading of 14.0 in 2023 represents a year-on-year change of +1.7pp.