Nigeria

Interest Rates On Bank Credit To The Private Sector

11.48
Dec 71Dec 74Dec 77Dec 80Dec 83Dec 86Dec 89Dec 93Dec 99Dec 07Dec 11Dec 14Dec 17Dec 210.0008.00016.0024.0032.00
  • Nigeria
  • Global Median
Source: IMF

Global Ranking

40
Guatemala12.19
41
Kenya12.08
42
Jamaica12.06
43
Armenia11.76
44
Maldives11.56
45
Nigeria11.48
46
Lesotho11.33
47
Sri Lanka11.24
48
Peru10.98
49
Belarus10.12
50
Colombia9.85

Africa Ranking

13
Tanzania16.68
14
Rwanda16.18
15
Liberia13.25
16
Burundi12.63
17
Kenya12.08
18
Nigeria11.48
19
Lesotho11.33
20
Zambia9.48
21
Egypt9.43
23
Comoros8.09

News

Definition of Interest Rates On Bank Credit To The Private Sector

Lending rate is the bank rate that usually meets the short- and medium-term financing needs of the private sector. This rate is normally differentiated according to creditworthiness of borrowers and objectives of financing. The terms and conditions attached to these rates differ by country, however, limiting their comparability.

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