Updates
- Lagos woo Chinese textile investors
- Nigeria gets tough with ECOWAS, bans repackaged imported goods: Border closure
- Gaining few, battling for many in 2020 budget plans
- Fintech as panacea for exclusion, funding impasse in Nigeria
- Royal Exchange profit falls by 187% in Q3 2019
- Western delta university, wema bank seal deal
- Access Bank hits over N1bn in digital lending daily
- Seven banks account for 64 per cent of industry assets
- Reps urge FG to reposition FMBN, FHA for efficiency
- World Bank sets new target of cutting ‘learning poverty’ globally
Fixed Deposit Rates
Fixed Deposits Interest Rates of Nigerian Banks
January 18, 2019
| S/N | NAME OF BANK | Demand Deposit | Savings Deposit | Time Deposit |
| Ave. Int Rate | Ave. Int Rate | Ave. Int Rate | ||
| 1 | Access Bank | 0.12 | 4.20 | 11.51 |
| 2 | Citi Bank Nigeria | 1.50 | 4.20 | 6.40 |
| 3 | Coronation Merchant Bank | – | – | 13.17 |
| 4 | Diamond Bank | 0.36 | 4.20 | 6.29 |
| 5 | Ecobank Nigeria | 0.01 | 4.20 | 7.50 |
| 6 | FCMB | 0.49 | 4.20 | 11.50 |
| 7 | Fidelity Bank | 3.00 | 4.20 | 12.00 |
| 8 | First Bank of Nigeria | 0.00 | 4.20 | 7.50 |
| 9 | FBN Merchant Bank | – | – | 9.20 |
| 10 | FSDH Merchant Bank | – | – | 10.74 |
| 11 | Guaranty Trust Bank | 1.18 | 4.20 | 7.77 |
| 12 | Heritage Bank | 0.00 | 4.20 | 13.88 |
| 13 | Keystone Bank Ltd | 0.43 | 4.20 | 13.25 |
| 14 | Nova Merchant Bank | – | – | 12.08 |
| 15 | Providus Bank | 0.00 | 4.20 | 9.05 |
| 16 | Rand Merchant Bank Nig. Ltd | 5.00 | 0.00 | 14.77 |
| 17 | Polaris Bank | – | 4.20 | 8.48 |
| 18 | Stanbic IBTC Bank | 0.65 | 4.20 | 8.13 |
| 19 | Standard Chartered Bank | 0.00 | 4.22 | 8.01 |
| 20 | Sterling Bank | 0.00 | 4.20 | 10.17 |
| 21 | SunTrust Bank | 0.00 | 2.00 | 9.94 |
| 22 | Union Bank | 0.50 | 4.20 | 10.24 |
| 23 | United Bank for Africa | 0.02 | 4.20 | 8.22 |
| 24 | Unity Bank | 0.50 | 4.20 | 16.00 |
| 25 | Wema Bank | 1.65 | 4.20 | 8.81 |
| 26 | Zenith Bank | 0.40 | 4.20 | 8.47 |