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 its inflation was 11.5% in 2009 and 13.9% in 2010.

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Showing rates for 6 Bank deposit providers in Nigeria.
BankBranchFounded1 Year RateOwnership
United Bank For Africa5361949N/ALocal
First Bank Of Nigeria5201894N/ALocal
Zenith Bank3401990N/ALocal
Stanbic IBTC Bank602007N/AForeign
Standard Chartered Bank Nigeria2818947.90%Foreign
Citibank Nigeria121984N/AForeign