Nigeria lending rate
Nigeria lending rate: 26.55 (-1.92%)
Last Update: February 29, 2024
Last Update: February 29, 2024
Nigeria lending rate closed down 26.55 as of February 29, 2024 from 27.07 from the previous month and 13.62 from last year.
Nigeria lending rate Analytics & Data
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Nigeria lending rate
Date | Values |
---|---|
2024-02-29 | 26.55 |
2024-01-31 | 27.07 |
2023-12-31 | 14.17 |
2023-11-30 | 14.05 |
2023-10-31 | 14.39 |
2023-09-30 | 14.32 |
2023-08-31 | 13.99 |
2023-07-31 | 13.98 |
2023-06-30 | 13.85 |
2023-05-31 | 14.07 |
2023-04-30 | 14.05 |
2023-03-31 | 13.97 |
2023-02-28 | 13.62 |
2023-01-31 | 13.67 |
2022-12-31 | 13.85 |
2022-11-30 | 13.17 |
2022-10-31 | 12.23 |
2022-09-30 | 12.23 |
2022-09-01 | 9 |
2022-08-31 | 12.23 |
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Nigeria lending rate Statistics
Indicator | Symbol | Actual | Previous | M/M% | Y/Y% | Trend | Slope | Percentile | Update |
---|---|---|---|---|---|---|---|---|---|
lending rate | ng.lendingrate | 13.85 | 14.07 | -2 | 14 | UP | UP | 91 | 2023-06-30 |
Nigeria lending rate Factors
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What is the Nigeria lending rate
Welcome to our webpage showcasing the Nigeria lending rate, providing you with current and historical data, trends, signals, analytics, and charts. This information is crucial for understanding the interest rates associated with loans in Nigeria and how they impact the overall economy.The Nigeria lending rate refers to the interest rate at which commercial banks lend money to their customers. It is an essential benchmark in determining the cost of borrowing for businesses, individuals, and the financial sector as a whole. The lending rate plays a vital role in shaping the economic landscape as it affects investment decisions, inflation, and overall economic growth.
Interpreting the Nigeria lending rate is significant for different stakeholders. For borrowers, a lower lending rate indicates a more affordable cost of borrowing, encouraging investment and consumption. On the contrary, a higher rate may limit borrowing and slow economic activity. For lenders, an increased lending rate may suggest a higher return on investment and increased profits, while a decreased rate may put pressure on profitability but stimulate borrowing.
Our webpage provides comprehensive tools to help you analyze and interpret the lending rate effectively. You can access current data along with historical trends and charts, allowing you to identify patterns, correlations, and long-term trends. This information is beneficial for various purposes such as economic research, financial planning, investment decision-making, and policy analysis.
In addition to accessing and analyzing the data, you can also export the historical lending rate data for free. This feature enables you to conduct further in-depth analysis using your preferred software and tools. By having access to this valuable information, you can gain insights into the lending rate's historical performance and make more informed decisions.
To enhance your analysis, our webpage also provides MacroVar signals, trends, and analysis. These tools offer additional macroeconomic indicators and insights into the lending rate, helping you understand the broader economic context and potential impacts on borrowing and investment.
In conclusion, our webpage offers a wealth of information on the Nigeria lending rate, allowing you to monitor current rates, analyze historical trends, and understand the signals and analytics associated with this crucial economic indicator. By utilizing these resources, you can make better-informed decisions, plan accordingly, and navigate the complex dynamics of lending rates in Nigeria.
Nigeria Financial Markets
Market | Symbol | Last | Mom | Trend | Exh | RSI | 1D% | 1W% | 1M% | 1Y% |
---|---|---|---|---|---|---|---|---|---|---|
NSE All Share | ALLSHARE | 71230.5 | 1 | 1 | 1.60129 | 74.6549 | 0.0025 | 0.00165 | 0.06098 | 0.61846 |
Nigeria ETF | NGE | 7.75 | -0.5 | -1 | -1.59522 | 38.6064 | 0.0144 | 0.02513 | -0.07468 | 0.053 |
Nigerian Naira US Dollar (NGN/USD) | NGNUSD | 788.33 | 0 | 1 | 1.11221 | 50.9669 | 0.00169 | -0.00211 | 0.02176 | 0.78683 |
Nigeria 10-year bond yield | NG.10Y | 15.433 | 1 | 1 | 2.13446 | 67.3937 | 0.00823 | 0.03251 | 0.04944 | 0.07525 |
Nigeria 2-Year Bond Yield | NG.2Y | 15.147 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Nigeria Yield Curve | NG.YC | 0.784 | -1 | -1 | -3.5335 | 29.4427 | -0.73442 | -0.69706 | -0.59017 | -0.72179 |
Indicator | Symbol | Actual | Previous | M/M% | Y/Y% | Trend | Slope | Percentile | Update |
---|---|---|---|---|---|---|---|---|---|
balance of trade | ng.balanceoftrade | 1741090 | -653831 | -366 | -2746 | UP | UP | 3 | 2023-07-31 |
business confidence | ng.bizconfidence | -15.2 | -1.5 | 913 | -152 | Down | Down | 32 | 2020-12-01 |
capacity utilization | ng.caputilization | 54.9 | 56.4 | -3 | 37 | UP | UP | 0 | 2023-06-30 |
cash reserve ratio | ng.cashreserveratio | 45 | 45 | 0 | 38 | UP | UP | 99 | 2024-02-29 |
composite pmi | ng.comppmi | 51.1 | 52.7 | -3 | 21 | Down | UP | 97 | 2024-03-31 |
consumer confidence | ng.consconfidence | -14.8 | -21.2 | -30 | -1580 | Down | Down | 0 | 2020-12-31 |
consumer price index cpi | ng.cpi | 701.9 | 681.4 | 3 | 33 | UP | UP | 100 | 2024-03-31 |
core inflation rate | ng.coreinflationrate | 25.39 | 24.67 | 3 | 35 | UP | UP | 92 | 2024-02-29 |
current account | ng.currentaccount | 3280 | 2870 | 14 | -200 | UP | UP | 23 | 2023-06-30 |
current account to gdp | ng.currentaccountgdp | -0.3 | -0.5 | -40 | -110 | Down | Down | 0 | 2023-01-31 |
deposit interest rate | ng.depositrate | 7.68 | 7.95 | -3 | 69 | UP | UP | 86 | 2023-06-30 |
exports | ng.exports | 3026630 | 1878040 | 61 | 44 | UP | UP | 72 | 2023-02-28 |
external debt | ng.externaldebt | 41594.5 | 43159.2 | -4 | 30 | UP | UP | 0 | 2023-09-30 |
fiscal expenditure | ng.fiscalexp | 4040.18 | 4175.35 | -3 | 90 | UP | UP | 0 | 2023-09-30 |
foreign exchange reserves | ng.fxreserves | 32150 | 34260 | -6 | -9 | Down | Down | 44 | 2024-04-30 |
gdp | ng.gdp | 472.62 | 440.84 | 7 | 17 | UP | UP | 0 | 2023-01-31 |
Real GDP | ng.realgdp | 21773300 | 19442300 | 12 | 11 | UP | UP | 53 | 2023-12-31 |
gdp growth | ng.gdpgrowth | 12 | 9.7 | 24 | -1600 | UP | UP | 0 | 2023-12-31 |
gdp growth annual | ng.gdpgrowthan | 3.46 | 2.54 | 36 | 3045 | UP | UP | 100 | 2023-12-31 |
gold reserves | ng.goldres | 21.37 | 21.46 | 0 | 0 | Down | Down | 51 | 2021-06-30 |
government budget | ng.govbudget | -6.1 | -5 | 22 | 336 | Down | Down | 0 | 2024-01-31 |
Government budget | ng.govbudgetvalue | -2347.16 | -2665.26 | -12 | 88 | Down | Down | 0 | 2023-09-30 |
government debt to gdp | ng.govdebtgdp | 38.8 | 38 | 2 | 123 | UP | UP | 0 | 2023-01-31 |
government revenues | ng.govrev | 1693.02 | 1510.09 | 12 | 70 | UP | UP | 0 | 2023-09-30 |
imports | ng.imports | 1285540 | 2531870 | -49 | -37 | Down | Down | 3 | 2023-02-28 |
industrial production | ng.indproduction | -9.7 | 15.2 | -164 | 31 | Down | Down | 0 | 2023-06-30 |
interest rate | ng.interestrate | 18.75 | 18.5 | 1 | 34 | UP | UP | 85 | 2023-07-25 |
lending rate | ng.lendingrate | 13.85 | 14.07 | -2 | 14 | UP | UP | 91 | 2023-06-30 |
manufacturing pmi | ng.manpmi | 42.8 | 49.4 | -13 | -16 | Down | Down | 18 | 2023-06-30 |
money supply m0 | ng.msm0 | 3693570 | 3650500 | 1 | 276 | UP | UP | 100 | 2024-02-29 |
money supply m1 | ng.msm1 | 30277200 | 31158900 | -3 | 44 | UP | UP | 90 | 2024-02-29 |
money supply m2 | ng.msm2 | 93968500 | 92843000 | 1 | 78 | UP | UP | 98 | 2024-02-29 |
services pmi | ng.servpmi | 51.1 | 52.7 | -3 | 3 | UP | UP | 60 | 2023-06-30 |
unemployment rate | ng.unemploymentrate | 5 | 4.2 | 19 | -65 | Down | Down | 0 | 2021-09-30 |
youth unemployment rate | ng.ytunemploymentrate | 8.6 | 7.2 | 19 | -66 | Down | Down | 0 | 2021-09-30 |