Updates
- Buhari leads Nigerian delegation to UK-Africa investment summit
- What you need to know about West Africa’s new currency
- Borrowing rates may fall, says CBN report
- 2019 issues shaping 2020 economic potential
- Equities investors trade 736m shares worth N7.13bn in three days
- Global stock markets coast through Christmas Eve
- FG targets 56 per cent revenue in 2020 from non-oil sources
- FG pegs oil production at 2.18mbpd in 2020
- Seme Customs Intercepts N778m Smuggled Rice In 47 Trucks
- Nigeria’s resilience may raise GDP to 2.5% in Q4
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
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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
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