Deposit Interest Rate in Nigeria decreased to 8.77 percent in August from 9.61 percent in July of 2018. Deposit Interest Rate in Nigeria averaged 9.64 percent from 1970 until 2018, reaching an all time high of 27 percent in September of 1993 and a record low of 2 percent in April of 1976.
The Deposit Interest Rate is the average rate paid by commercial banks to individuals or corporations on deposits. This page includes a chart with historical data for Deposit Interest Rate in Nigeria. Deposit Interest Rate in Nigeria – actual data, historical chart and calendar of releases – was last updated on October of 2018.