Updates
- UK partners SON on capacity building
- Nigeria’s manufacturing sector’s GDP
- NSE delists Dangote Flour Mills
- FEC okays €500m loan for Bank of Industry
- NPA earmarks N202 billion for 2020 operations
- 2020 budget threatened as Finance Bill suffers setback
- Sanwo-Olu strikes mega deal with Chinese investor
- Treasury Bills rates drop to three-year low
- France urges more infrastructure development in Nigeria
- Senate wants textile imports banned for five years
Bank Lending Rates
Nigeria Banks Lending Rates, Interest rate in Nigeria, Average lending rates,
Nigeria Banks Lending Rates
January 18, 2019
| S/N | NAME OF BANK | Agriculture | Mining & Quarrying | Manufacturing | Real Estate & Construction | Oil & Gas | |||||
| Prime | Max. | Prime | Max. | Prime | Max. | Prime | Max. | Prime | Max. | ||
| 1 | Access Bank | 16.00 | 29.50 | – | – | 14.0 | 29.50 | 15.00 | 29.50 | 16.00 | 29.50 |
| 2 | Citi Bank Nigeria | 15.50 | 22.50 | 16.22 | 23.50 | 16.00 | 22.00 | 15.50 | 23.50 | 16.00 | 22.0 |
| 3 | Coronation Merchant Bank | 16.50 | 18.00 | – | – | 16.00 | 22.0 | 19.05 | 19.05 | – | – |
| 4 | Diamond Bank | 15.00 | 29.74 | – | – | 20.0 | 29.74 | 20.0 | 28.78 | 20.0 | 30.00 |
| 5 | Ecobank Nigeria | 17.0 | 25.0 | 21.0 | 24.0 | 14.0 | 24.0 | 19.0 | 28.0 | 15.0 | 26.0 |
| 6 | FCMB | 4.20 | 30.0 | – | – | 5.79 | 30.0 | 5.77 | 77.0 | 3.00 | 30.0 |
| 7 | Fidelity Bank | 6.0 | 36.0 | 19.0 | 36.0 | 19.0 | 36.0 | 19.0 | 36.0 | 19.0 | 36.0 |
| 8 | First Bank of Nigeria | 9.0 | 27.0 | 20.0 | 27.0 | 20.0 | 28.0 | 20.0 | 27.0 | 20.0 | 28.0 |
| 9 | FBN Merchant Bank | 18.0 | 18.5 | – | – | 13.0 | 26.00 | – | – | 11.97 | 22.00 |
| 10 | FSDH Merchant Bank | – | – | – | – | 14.85 | 20.0 | 14.85 | 20.0 | 14.95 | 20.0 |
| 11 | Guaranty Trust Bank | 7.0 | 21.0 | – | – | 12.0 | 24.0 | 18.0 | 23.0 | 7.5 | 26.0 |
| 12 | Heritage Bank | 27.0 | 30.0 | – | – | 27.0 | 31.0 | 27.0 | 30.0 | 27.0 | 30.0 |
| 13 | Keystone Bank Ltd | 19.0 | 36.0 | 19.0 | 34.0 | 19.0 | 34.0 | 19.0 | 34.0 | 19.0 | 36.0 |
| 14 | Nova Merchant Bank | – | – | – | – | – | – | – | – | 17.00 | 20.0 |
| 15 | Providus Bank | 9.0 | 25.0 | 22.0 | 25.0 | 22.0 | 25.0 | 22.0 | 25.0 | 22.0 | 25.0 |
| 16 | Rand Merchant Bank Nig. Ltd | – | – | – | – | 17.5 | 19.00 | 20.95 | 20.95 | 17.36 | 17.36 |
| 17 | Polaris Bank | 9.0 | 31.0 | 28.0 | 34.0 | 28.0 | 34.0 | 28.0 | 34.0 | 28.0 | 34.0 |
| 18 | Stanbic IBTC Bank | 7.0 | 36.0 | – | – | 13.50 | 36.0 | 17.44 | 28.0 | 11.0 | 36.0 |
| 19 | Standard Chartered Bank | 20.0 | 25.0 | 20.0 | 25.0 | 20.0 | 25.0 | 20.0 | 25.0 | 20.0 | 25.0 |
| 20 | Sterling Bank | 24.0 | 33.0 | 21.0 | 30.0 | 21.0 | 30.0 | 24.0 | 30.0 | 21.0 | 33.0 |
| 21 | SunTrust | 16.59 | 30.0 | – | – | 21.02 | 30.0 | 22.0 | 30.0 | – | – |
| 22 | Union Bank | 23.5 | 45.5 | 17.5 | 33.0 | 9.5 | 32.00 | 24.5 | 36.5 | 17.5 | 42.5 |
| 23 | United Bank for Africa | 7.0 | 25.0 | 24.0 | 29.0 | 19.0 | 29.0 | 24.0 | 29.0 | 19.0 | 29.0 |
| 24 | Unity Bank | 24.0 | 32.0 | 24.0 | 32.0 | 24.0 | 32.0 | 24.0 | 32.0 | 24.0 | 32.0 |
| 25 | Wema Bank | 9.0 | 25.0 | – | – | 29.0 | 29.0 | 29.0 | 30.0 | 29.0 | 30.0 |
| 26 | Zenith Bank | 17.00 | 27.00 | 17.00 | 26.00 | 17.00 | 26.00 | 17.00 | 26.00 | 17.00 | 27.00 |
Lending rates for the following sectors are nto covered by the table above. The full list can be downloaded here:
Banks Deposit and Lending Rates – January 18, 2019
|
|
Related posts:
Wema Bank Plc
Zenith International Bank Plc
Unity Bank Plc
United Bank For Africa Plc
Skye Bank Plc
Naira Exchange Rates
Nigeria Banks Lending Rates October 18, 2019
Bank Fixed Deposit Interest Rates September 04, 2019
Related posts brought to you by YARPP.