Nigeria Interest Rates

The Nigerian economy with a population of 158.2 Million (Est 2009) ranks 31st in the world with a GDP PPP of 374 billion and GDP PPP per capita of 2,422 vs 47,284 (United States) according to the IMF in 2010. Its currency is the Nigerian Naira (NGN). Bank deposits held for a fixed term in Nigeria are called fixed deposits or term deposits. According to CIA.gov its inflation was 11.5% in 2009 and 13.9% in 2010.

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Nigeria Banks

Showing rates for 6 Bank deposit providers in Nigeria.
BankBranchFoundedOwnership
United Bank For Africa5361949Local
First Bank Of Nigeria5201894Local
Zenith Bank3401990Local
Stanbic IBTC Bank602007Foreign
Standard Chartered Bank Nigeria281894Foreign
Citibank Nigeria121984Foreign

Nigeria Discussion Activity

  • Zenith Bank
    Q: What are the interest rates for a fixed deposit account in zenith bank.

    Esther from Nigeria
  • Loans
    Q: Pls sir,how do I apply for. the. Loan

    Justice Sam Okedi from Nigeria
  • First Bank Of Nigeria
    Q: what is first bank interest rate on personal saving account

    Akaniyene Emmanuel from Nigeria