Nigeria - Key rates

Nigeria has increased its interest rates by 2 percentage points, from 22.75% to an annual rate of 24.75%.

The key rates a tool used by Central Banks to implement monetary policy.

An increase in interest rates is used to slow down inflation and protect the currency.

Here we show you the progression of interest rates in Nigeria. You can see interest rates in other countries in interest rates and see all the economic information about Nigeria in Nigeria economy.