NIGERIAN EUROBONDS July 10, 2020: 6.75% $500M Jan 2021 – 101.575/3.766%, 5.625% $300M Jun 2022 – 101.387/4.870%, 6.375% $500M Jul 2023 – 101.954/5.656%, 7.625% $1.118BN Nov 2025 – 101.631/7.249%, 6.500% $1.50BN Nov 2027 – 92.845/7.792%, 7.143% $1.25BN FEB 2030 – 92.872/ 8.229%, 8.747% $1.0BN Jan 2031 – 98.992/8.89%, 7.875% $1.50BN Feb 2032 – 93.925/8.862%, 7.696% $1.25BN Feb 2038 – 90.042/ 8.819%, 7.625% $1.50BN Nov 2047 – 87.925/8.797%, 9.248% $750M Jan 2049 – 99.917/9.256%.
Updates
- Nigeria earned $206bn from oil in five years – OPEC
- Negotiations on N43.24bn Ibadan Dry Port nears completion
- Buhari signs N10.8tn revised budget today
- Finance Minister presents draft 2021 to 2023 MTEF to NEC
- China reversing Nigeria’s infrastructural deficit, says Buhari
- FG writes off N4.2bn debt for radio, TV stations
- Senate summons Ahmed, Emefiele, others over expatriate tax evasion
- Don’t overburden Nigerians with tax, Lawan tells FIRS
- Buhari, Prince Salman discuss OPEC+ deal on phone
- COVID-19: World Bank warns Nigeria’s economy may go into severe recession
Bank Lending Rates
Nigeria Banks Lending Rates, Interest rate in Nigeria, Average lending rates.
Nigeria Banks Lending Rates
| S/N | NAME OF BANK | Agriculture | Manufacturing | Real Estate & Construction | Oil & Gas | ||||
| Prime | Max. | Prime | Max. | Prime | Max. | Prime | Max. | ||
| 1 | Access Bank | 16.00 | 29.50 | 14.0 | 29.50 | 14.00 | 29.00 | 15.00 | 29.50 |
| 2 | Citi Bank Nigeria | 16.00 | 22.00 | 16.00 | 21.00 | 16.00 | 22.00 | 16.00 | 22.00 |
| 3 | Coronation Merchant Bank | 16.50 | 18.00 | 16.00 | 22.0 | 19.10 | 19.50 | 17.00 | 17.00 |
| 4 | Diamond Bank | 15.00 | 30.06 | 20.00 | 29.83 | 20.00 | 23.00 | 20.0 | 28.72 |
| 5 | Ecobank Nigeria | 17.00 | 25.00 | 14.00 | 24.0 | 19.00 | 28.0 | 15.00 | 26.00 |
| 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 |
| 8 | First Bank of Nigeria | 9.0 | 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 | 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 |
| 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 |
| 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 | Sterling Bank | 24.0 | 33.0 | 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 | 9.5 | 32.00 | 24.5 | 36.5 | 17.5 | 42.5 |
| 23 | United Bank for Africa | 7.0 | 25.0 | 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 |
| 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 | 27.00 |
Lending rates for the following sectors are not covered by the table above. The full list can be downloaded here:
Banks Deposit and Lending Rates – October 18, 2019
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Updated October 18, 2019
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