Nigeria: Business credit interest rate

* indicates monthly or quarterly data series
 Nigeria

Business credit interest rate, percent

 Latest value 15.7
 Reference March 2024
 Measure percent
 Data availability January 2011 - March 2024
 Average 15.37
 Min - Max 11.13 - 18.23
 Source Central Bank of Nigeria
For that indicator, we provide data for Nigeria from January 2011 to March 2024. The average value for Nigeria during that period was 15.37 percent with a minimum of 11.13 percent in March 2021 and a maximum of 18.23 percent in March 2019. Click on the following link to see the values of Business credit interest rate, percent around the world.
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* indicates monthly or quarterly data series


Recent values chart
Nigeria - Business credit interest rate - recent values

Historical chart
Nigeria - Business credit interest rate - historical chart - 2011-2024
Measure: percent
Source: Central Bank of Nigeria


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Definition: The business credit interest rate is the average interest rate on the loan products offered by commercial banks to non-financial corporations. The business credit is a credit specifically intended for business purposes including secured and unsecured business loans to small or large business with variable or fixed interest rate.

 Related indicators Latest value Reference Measure
 Inflation 18.8 2022 percent
 Exchange rate regimes 6 2021 index points
 USD exchange rate 772.6651 9/2023 Local Currency Units per USD
 Money supply (broad money) 66,174.92 9/2023 billion
 Consumer Price Index (CPI) 606.0018 9/2023 index points
 Inflation, monthly 2.10 9/2023 percent
 Inflation, annual 26.72 9/2023 percent
 Private sector credit 59,507.35 9/2023 billion
 Deposit interest rate 8.49 9/2023 percent
 Business credit interest rate 14.32 9/2023 percent
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