Nigeria Interest Rate
The Monetary Policy Rate the Central Bank of Nigeria sets to steer borrowing costs.
27.00%
Matches the latest releaseNot refreshed recently, awaiting the next release
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Jan 2007 to Apr 2026
Source: IMF monetary and financial statistics, interest rates (MFS_IR, NGA.MFS166_RT_PT_A_PT.M) · the Central Bank of Nigeria's Monetary Policy Rate, monthly. The IMF publishes it some months after the Central Bank of Nigeria decides, so the latest month shown can be several months old.
Nigeria Interest Rate in context
Worked out from the published series shown above.
In Nigeria, the interest rate fell by 0.50pp over the year to Apr 2026, from 27.50% in Apr 2025.
Over the past five years it has ranged from 11.50% in Apr 2021 to 27.50% in Nov 2024.
Its average since Jan 2007 is 13.58%, and the latest reading is above that.
Nigeria is 1st of 37 countries in our Interest Rate by Country ranking.
How this series is defined
Everything you need to check the figure against the source.
- Source
- IMF
- Series
- monetary
- Frequency
- Monthly
- Unit
- %
- Seasonal adjustment
- Not applicable, interest rates are not seasonally adjusted
- Latest observation
- Apr 2026
- Revision status
- Latest published estimate, subject to revision
Data refreshed 2026-10-12. Figures are the latest published observations and can be revised.
More Nigeria indicators
Latest readings. Open any one for its full history.
Rankings
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