Interest rate on bank deposits reached 4.21% in 2021 in Nigeria, according to the National Central Bank. This is 9.46% less than in the previous year.
Historically, interest rate on bank deposits in Nigeria reached an all time high of 23.2% in 1993 and an all time low of 2.67% in 1976.
Nigeria has been ranked 29th within the group of 96 countries we follow in terms of interest rate on bank deposits.
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