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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Nigeria Banks

Showing rates for 6 Bank deposit providers in Nigeria.
Bank Branch Founded Ownership
United Bank for Africa United Bank For Africa 536 1949 Local
First Bank of Nigeria First Bank Of Nigeria 520 1894 Local
Zenith Bank Zenith Bank 340 1990 Local
Stanbic IBTC Bank Stanbic IBTC Bank 60 2007 Foreign
Standard Chartered Bank Nigeria Standard Chartered Bank Nigeria 28 1894 Foreign
Citibank Nigeria Citibank Nigeria 12 1984 Foreign

Nigeria Discussion Activity

  • Loans
    Q: Hello, sir How I can loan to supply my business

    hassan from Nigeria
  • Citibank Nigeria
    Q: I live in the US.Can I open a Citibank account to use in Nigeria in United states?

    Kolawole from Trenton, United States
  • First Bank Of Nigeria - Savings
    Q: What's the interest rate on savings account

    Olanrewaju from Nigeria
  • United Bank For Africa
    Q: why should I pay 850US$ for transferring money?

    jean from Philippines
  • Savings
    Q: What is the interest rate for saving accounts ?

    Hassan from Nigeria
  • United Bank For Africa
    Q: What does it take me to fix deposit money in UBA, what is the interest like and what is the minimum amount allowed

    Ojajuni Olabisi from Nigeria
  • Loans
    Q: What is the different between home loan and personal loan

    Gbenga from Nigeria
  • United Bank For Africa
    Q: Goodmorning UBA. Please I would like to know if the Bank is currently dealing on treasury bills and at what rate does the bank deal on?

    Ozo Nduka Agbadu from Suleja, Nigeria
  • Standard Chartered Bank Nigeria - Credit - Standard Chartered Bank Nigeria Credit Card
    Q: Why don't you have a branch in Aba or Owerri in Abia and Imo States, respectively, in Nigeria. Even Citi Group has a branch in Aba.

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

    Esther from Nigeria