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Interest Spread (Difference Between Interest Rate on Loans and Deposits) in Nigeria

Source: Helgi Calculation
Last Updated: June 1, 2023

Interest spread, which is the difference between interest rate on loans and deposits reached 7.14% in second quarter of 2015 in Nigeria, according to the National Central Bank. This is 4.08% less than in the previous quarter.

Historically, interest spread, which is the difference between interest rate on loans and deposits in Nigeria reached an all time high of 13.5% in 4Q1993 and an all time low of 1.67% in 2Q2008.

Nigeria has been ranked 36th within the group of 101 countries we follow in terms of interest spread, which is the difference between interest rate on loans and deposits.

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