Updates
- LIRS extends deadline for filing annual returns
- Dollar sells for N412
- Mixed reactions trail Buhari’s fuel price reduction to N125
- Building resilience to external shocks
- Nigerian equities market records worst weekly losses
- Naira crashes in value, dollar sells above ₦400
- How to clean your phone to avoid spread of germs
- Generator importation to attract 10-year jail term — Senate bill
- Reps suspend Buhari’s $22.79bn loan consideration indefinitely
- Customs make 697 arrests, N7.4bn seizures
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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