CBN
In furtherance of the transparency and full disclosure stance of the Central bank of Nigeria, the Monetary Policy Committee has decided that henceforth the lending rates obtainable in all Deposit Money Banks (DMBs) be made public to guide business decisions. Consequently, find below the applicable rates for each of the DMBs as at December 18, 2020. The rates will be published every Wednesday in some selected national Newspapers. The rates will also be available on the website of the Central Bank of Nigeria
NAME OF BANK | |
DEPOSIT RATES | |
DEMAND DEPOSIT | AVE. INT. RATE |
SAVINGS DEPOSIT | AVE. INT. RATE |
TIME DEPOSIT | AVE. INT. RATE |
LENDING RATES | |
PRIME | |
AGRICULTURE, FORESTRY AN | MAX. |
PRIME | |
MINING & QUARRYING | MAX. |
PRIME | |
MANUFACTURING | MAX. |
PRIME | |
REAL ESTATE ACTIVITIES | MAX. |
PRIME | |
PUBLIC UTILITIES | MAX. |
PRIME | |
GENERAL COMMERCE | MAX. |
PRIME | |
TRANSPORTATION & STORA | MAX. |
PRIME | |
FINANCE & INSURANCE | MAX. |
PRIME | |
GENERAL | MAX. |
PRIME | |
GOVERNMENT | MAX. |
WATER SUPPLY SEWAGE, | PRIME |
WASTE MANAGEMENT | |
AND REMEDIATION | |
ACTIVITIES | MAX. |
PRIME | |
CONSTRUCTION | MAX. |
PRIME | |
INFORMATION AND COMM | MAX. |
PRIME | |
PROFESSIONAL, SCIENTIFIC | MAX. |
PRIME | |
ADMINISTRATIVE AND SUPP | MAX. |
PRIME | |
EDUCATION | MAX. |
PRIME | |
HUMAN HEALTH AND SOCIA | MAX. |
PRIME | |
ARTS, ENTERTAINMENT AND | MAX. |
EXTRATERRITORIAL | PRIME |
ORGANIZATIONS AND | MAX. |
PRIME | |
POWER AND ENERGY | MAX. |
PRIME | |
CAPITAL MARKET | MAX. |
PRIME | |
OIL & GAS | MAX. |
ACCESS BANK | CITI BANK | CORONATION BANK | EC0BANK | FIRST BANK OF NIGERIA | FBN MERCHANT | FCMB | FIDELITY BANK | FSDH | GUARANTY TRUST BANK | GLOBUS BANK LTD | HERITAGE BANK | KEYSTONE BANK LTD | NOVA MERCHANT BANK | PROVIDUS BANK | Rand Merchant Bank Nig. Ltd | Standard Chartered Bank | POLARIS BANK | STANBIC IBTC | STERLING BANK | SUNTRUST | Titan Trust Bank | United Bank for Africa | UNION BANK | UNITY BANK | WEMA BANK | ZENITH BANK |
0.35 | 0.10 | - | 0.14 | - | - | 0.29 | 0.50 | - | 0.22 | 0.01 | - | 0.38 | - | 0.81 | 1.00 | 0.00 | - | 0.001 | 0.00 | 0.00 | 0.00 | 0.02 | 0.22 | - | 1.02 | 0.03 |
1.15 | 1.20 | - | 1.25 | - | - | 1.15 | 1.15 | - | 1.15 | 1.15 | 4.20 | 1.25 | - | 1.96 | 0.00 | 1.4125 | 1.15 | 1.15 | 1.15 | 4.10 | 1.15 | 1.25 | 1.15 | 4.05 | 1.15 | 1.15 |
2.07 | 0.70 | 5.18 | 3.52 | 0.15 | 1.57 | 0.25 | 1.00 | 1.00 | 1.12 | 4.00 | 13.88 | 6.11 | 3.37 | 6.17 | 3.07 | 0.00 | 0.78 | 1.87 | 7.15 | 4.11 | 4.57 | 1.50 | 4.28 | 5.50 | 1.59 | 0.27 |
14.00 | 12.00 | 8.00 | 17.00 | 15.00 | - | 17.50 | 6.00 | - | 5.00 | 10.92 | 27.00 | 21.00 | - | 9.00 | 0.00 | 14.00 | 5.00 | 4.00 | 18.00 | 18.00 | 12.00 | 7.00 | 15.00 | 5.00 | 9.00 | 12.67 |
29.00 | 22.00 | 17.00 | 26.00 | 28.00 | - | 30.00 | 36.00 | - | 21.00 | 14.00 | 35.00 | 34.00 | - | 30.00 | 0.00 | 25.00 | 31.00 | 30.00 | 33.00 | 9.00 | 20.00 | 25.00 | 29.50 | 9.00 | 25.00 | 30.00 |
- | 12.00 | - | 21.00 | 20.00 | - | 17.50 | 19.00 | - | 9.00 | 0.00 | 25.00 | 21.00 | - | 18.00 | 0.00 | 14.00 | 23.00 | - | 18.00 | - | 0.00 | 24.00 | 17.50 | - | - | 12.67 |
- | 22.00 | - | 25.00 | 27.00 | - | - | 36.00 | - | 9.00 | 0.00 | 25.00 | 24.00 | - | 30.00 | 0.00 | 25.00 | 29.50 | - | 30.00 | - | 0.00 | 29.00 | 33.00 | - | - | 30.00 |
14.00 | 12.00 | 8.00 | 14.00 | 12.00 | 7.00 | 17.50 | 19.00 | 6.20 | 7.00 | 10.92 | 27.00 | 21.00 | 14.00 | 18.00 | 3.15 | 14.00 | 5.00 | 3.15 | 18.00 | 18.00 | 12.00 | 17.00 | 12.00 | 26.00 | 25.00 | 12.67 |
29.00 | 22.00 | 14.00 | 25.00 | 28.00 | 18.00 | 30.00 | 36.00 | 22.00 | 23.00 | 18.00 | 35.00 | 34.00 | 20.00 | 30.00 | 17.50 | 25.00 | 30.50 | 30.00 | 30.00 | 18.00 | 20.00 | 24.00 | 30.50 | 28.00 | 29.00 | 30.00 |
14.00 | 12.00 | - | 19.00 | 12.00 | 16.50 | 17.50 | 19.00 | 6.20 | 14.00 | 0.00 | 27.00 | 21.00 | 14.00 | 18.00 | 0.00 | 14.00 | 14.00 | 7.02 | 18.00 | 7.00 | 12.00 | 20.00 | 16.00 | 26.00 | 25.00 | 12.67 |
29.00 | 22.00 | - | 28.00 | 26.00 | 17.00 | 29.00 | 36.00 | 22.00 | 21.00 | 0.00 | 35.00 | 34.00 | 20.00 | 30.00 | 0.00 | 25.00 | 25.00 | 30.00 | 30.00 | 10.00 | 20.00 | 24.00 | 16.00 | 28.00 | 30.00 | 30.00 |
- | - | - | 14.00 | 8.00 | - | 17.50 | 19.00 | 6.20 | 0.00 | 0.00 | - | 0.00 | 14.00 | 18.00 | 0.00 | 14.00 | - | 11.00 | 18.00 | - | 0.00 | 24.00 | 23.00 | - | - | 12.67 |
- | - | - | 25.00 | 22.00 | - | - | 36.00 | 22.00 | 0.00 | 0.00 | - | 0.00 | 20.00 | 30.00 | 0.00 | 20.00 | - | 30.00 | 27.00 | - | 0.00 | 29.00 | 23.00 | - | - | 30.00 |
14.00 | 12.00 | 10.00 | 17.00 | 18.00 | 14.00 | 17.50 | 19.00 | 6.20 | 14.00 | 10.92 | 27.00 | 21.00 | 14.00 | 18.00 | 0.00 | 11.00 | 5.00 | 4.00 | 18.00 | 18.00 | 12.00 | 18.00 | 12.00 | 26.00 | 25.00 | 12.67 |
29.50 | 22.00 | 12.00 | 28.00 | 28.00 | 14.00 | 31.00 | 40.00 | 22.00 | 25.00 | 27.00 | 40.00 | 36.00 | 20.00 | 30.00 | 0.00 | 16.00 | 31.00 | 31.00 | 33.00 | 29.00 | 20.00 | 29.00 | 45.00 | 32.00 | 30.00 | 30.00 |
15.00 | 12.00 | 10.00 | 18.00 | 18.00 | 25.00 | 17.50 | 19.00 | - | 14.00 | 0.00 | 27.00 | 21.00 | 14.00 | 18.00 | 15.00 | 14.00 | 10.50 | 15.00 | 18.00 | 18.00 | 0.00 | 19.00 | 20.00 | - | 25.00 | 12.67 |
29.00 | 22.00 | 10.00 | 27.00 | 26.00 | 25.00 | 18.00 | 36.00 | - | 18.00 | 0.00 | 35.00 | 34.00 | 20.00 | 30.00 | 15.00 | 25.00 | 28.00 | 30.00 | 31.00 | 23.00 | 0.00 | 29.00 | 22.00 | - | 30.00 | 30.00 |
15.00 | 12.00 | - | 21.00 | 16.00 | 10.00 | 17.50 | 19.00 | 6.20 | 14.00 | 10.92 | 27.00 | 21.00 | 14.00 | 18.00 | 0.00 | 14.00 | 11.50 | 6.50 | 18.00 | 18.00 | 0.00 | 17.00 | 11.00 | 26.00 | 25.00 | 12.67 |
29.00 | 22.00 | - | 28.00 | 26.00 | 10.00 | 30.00 | 36.00 | 22.00 | 23.00 | 20.00 | 35.00 | 34.00 | 20.00 | 30.00 | 0.00 | 25.00 | 26.00 | 30.00 | 31.00 | 18.00 | 0.00 | 24.00 | 34.00 | 32.00 | 29.00 | 30.00 |
14.00 | 12.00 | 5.00 | 18.00 | 18.00 | - | 19.50 | 19.00 | 6.20 | 12.00 | 10.92 | 27.00 | 21.00 | 14.00 | 18.00 | 0.00 | 14.00 | - | 4.00 | 18.00 | 18.00 | 12.00 | 19.00 | 13.00 | 26.00 | 25.00 | 12.67 |
29.50 | 22.00 | 12.00 | 30.00 | 28.00 | - | 40.00 | 40.00 | 22.00 | 25.00 | 20.00 | 41.00 | 36.00 | 20.00 | 30.00 | 0.00 | 27.00 | - | 42.04 | 33.00 | 20.00 | 22.00 | 24.00 | 49.00 | 32.00 | 30.00 | 30.00 |
15.00 | - | - | 17.00 | 18.00 | - | 17.50 | 19.00 | - | 12.00 | 10.92 | 25.00 | 21.00 | - | 18.00 | 0.00 | 14.00 | 5.00 | 28.00 | 18.00 | - | 0.00 | 20.00 | 12.00 | - | 25.00 | 12.67 |
29.00 | - | - | 21.00 | 28.00 | - | 23.00 | 36.00 | - | 14.00 | 15.00 | 25.00 | 34.00 | - | 30.00 | 0.00 | 20.00 | 28.00 | 28.00 | 29.00 | - | 0.00 | 28.00 | 17.00 | - | 28.00 | 30.00 |
15.00 | - | - | 18.00 | 20.00 | - | 17.50 | 19.00 | - | 0.00 | 0.00 | 27.00 | 0.00 | - | 18.00 | 0.00 | 14.00 | - | 23.00 | 18.00 | 18.00 | 0.00 | 20.00 | 17.50 | - | 25.00 | 12.67 |
29.00 | - | - | 28.00 | 27.00 | - | - | 36.00 | - | 0.00 | 0.00 | 35.00 | 0.00 | - | 30.00 | 0.00 | 25.00 | - | 30.00 | 33.00 | 23.00 | 0.00 | 29.00 | 26.50 | - | 29.00 | 30.00 |
14.00 | 12.00 | - | 14.00 | 14.00 | - | 17.50 | 19.00 | - | 14.00 | 10.92 | 27.00 | 21.00 | 14.00 | 18.00 | 0.00 | 14.00 | - | 10.00 | 18.00 | 18.00 | 0.00 | 18.00 | 13.00 | 26.00 | 25.00 | 12.67 |
29.00 | 22.00 | - | 24.00 | 24.00 | - | 22.00 | 36.00 | - | 23.00 | 20.00 | 35.00 | 34.00 | 20.00 | 30.00 | 0.00 | 25.00 | - | 30.00 | 29.00 | 22.00 | 0.00 | 29.00 | 28.00 | 32.00 | 30.00 | 30.00 |
14.00 | 12.00 | 12.50 | 17.00 | 11.00 | 6.48 | 17.50 | 19.00 | - | 14.00 | 10.92 | 26.00 | 21.00 | 14.00 | 18.00 | 4.61 | 14.00 | - | 6.48 | 18.00 | 18.00 | 0.00 | 20.00 | 12.00 | - | 25.00 | 12.67 |
29.00 | 22.00 | 12.50 | 28.00 | 26.00 | 15.00 | 21.00 | 36.00 | - | 23.00 | 12.00 | 26.00 | 34.00 | 20.00 | 30.00 | 6.48 | 25.00 | - | 30.00 | 33.00 | 23.00 | 0.00 | 29.00 | 23.00 | - | 30.00 | 30.00 |
14.00 | 12.00 | - | 19.00 | 18.00 | - | 17.50 | 19.00 | - | 14.00 | 10.92 | 27.00 | 21.00 | - | 18.00 | 0.00 | 14.00 | - | 15.00 | 18.00 | 18.00 | 12.00 | 20.00 | 15.00 | - | 25.00 | 12.67 |
29.00 | 22.00 | - | 28.00 | 25.00 | - | 30.00 | 36.00 | - | 23.00 | 20.00 | 35.00 | 36.00 | - | 30.00 | 0.00 | 25.00 | - | 30.00 | 29.00 | 20.00 | 22.00 | 29.00 | 27.00 | - | 29.00 | 30.00 |
15.00 | 12.00 | - | 23.00 | 18.00 | 16.00 | 17.50 | 19.00 | - | 20.00 | 0.00 | 27.00 | 21.00 | - | 18.00 | 0.00 | 14.00 | - | 8.00 | 18.00 | 18.00 | 0.00 | 24.00 | 18.00 | - | 25.00 | 12.67 |
29.00 | 22.00 | - | 28.00 | 26.00 | 16.00 | 25.00 | 36.00 | - | 23.00 | 0.00 | 27.00 | 34.00 | - | 30.00 | 0.00 | 25.00 | - | 30.00 | 29.00 | 22.00 | 0.00 | 29.00 | 23.00 | - | 29.00 | 30.00 |
15.00 | 12.00 | - | 23.00 | 18.00 | - | 17.50 | 19.00 | - | 14.00 | 10.92 | 27.00 | 21.00 | - | 18.00 | 0.00 | 14.00 | - | 15.00 | 18.00 | 18.00 | 0.00 | 20.00 | 13.00 | 26.00 | 25.00 | 12.67 |
29.00 | 22.00 | - | 28.00 | 28.00 | - | 30.00 | 36.00 | - | 25.00 | 17.00 | 35.00 | 34.00 | - | 30.00 | 0.00 | 25.00 | - | 28.00 | 31.00 | 23.00 | 0.00 | 29.00 | 36.00 | 32.00 | 30.00 | 30.00 |
14.00 | 12.00 | - | 23.00 | 18.00 | - | 17.50 | 19.00 | - | 16.00 | 10.92 | 27.00 | 21.00 | - | 18.00 | 0.00 | 14.00 | - | 10.00 | 18.00 | - | 12.00 | 24.00 | 15.50 | - | 25.00 | 12.67 |
29.00 | 22.00 | - | 28.00 | 28.00 | - | - | 36.00 | - | 23.00 | 16.00 | 35.00 | 34.00 | - | 30.00 | 0.00 | 25.00 | - | 30.00 | 29.00 | - | 22.00 | 29.00 | 18.00 | - | 29.00 | 30.00 |
15.00 | - | - | 23.00 | 18.00 | - | 17.50 | 19.00 | - | 23.00 | 10.92 | 27.00 | 21.00 | - | 18.00 | 0.00 | 14.00 | - | 15.00 | 18.00 | - | 0.00 | 24.00 | 12.00 | - | 25.00 | 12.67 |
29.00 | - | - | 28.00 | 24.00 | - | - | 36.00 | - | 23.00 | 22.00 | 30.00 | 34.00 | - | 30.00 | 0.00 | 25.00 | - | 30.00 | 29.00 | - | 0.00 | 29.00 | 26.50 | - | 29.00 | 30.00 |
- | 12.00 | - | - | 20.00 | - | 17.50 | 19.00 | - | 0.00 | 0.00 | - | 0.00 | - | 18.00 | 0.00 | 14.00 | - | 16.00 | 18.00 | - | 0.00 | 24.00 | - | - | - | 12.67 |
- | 22.00 | - | - | 28.00 | - | - | 36.00 | - | 0.00 | 0.00 | - | 0.00 | - | 30.00 | 0.00 | 25.00 | - | 24.00 | - | - | 0.00 | 29.00 | - | - | - | 30.00 |
20.00 | 12.00 | - | 17.00 | 11.00 | 16.00 | 17.50 | 19.00 | - | 0.00 | 10.92 | 11.00 | 21.00 | 14.00 | 18.00 | 0.00 | 14.00 | - | 5.00 | 18.00 | 18.00 | 0.00 | 15.00 | 14.00 | - | 25.00 | 12.67 |
29.50 | 22.00 | - | 24.00 | 22.00 | 16.00 | 12.60 | 36.00 | - | 0.00 | 16.00 | 11.00 | 34.00 | 20.00 | 30.00 | 0.00 | 25.00 | - | 30.00 | 25.00 | 28.00 | 0.00 | 20.00 | 14.00 | - | 30.00 | 30.00 |
- | 12.00 | - | 20.00 | 9.00 | - | 17.50 | 19.00 | - | 0.00 | 0.00 | - | 0.00 | 14.00 | 18.00 | 0.00 | 14.00 | - | 13.00 | 18.00 | - | 0.00 | 24.00 | 12.00 | - | 25.00 | 12.67 |
- | 22.00 | - | 28.00 | 27.00 | - | - | 36.00 | - | 0.00 | 0.00 | - | 0.00 | 20.00 | 30.00 | 0.00 | 25.00 | - | 30.00 | 27.00 | - | 0.00 | 29.00 | 30.50 | - | 29.00 | 30.00 |
14.00 | 12.00 | 15.00 | 15.00 | 17.00 | 8.36 | 17.50 | 19.00 | 6.20 | 12.00 | 10.92 | 27.00 | 21.00 | 14.00 | 18.00 | 5.78 | 14.00 | 5.00 | 5.00 | 18.00 | 18.00 | 12.00 | 19.00 | 12.00 | 26.00 | 25.00 | 12.67 |
29.00 | 22.00 | 11.00 | 26.00 | 28.00 | 20.00 | 30.00 | 36.00 | 22.00 | 25.00 | 20.00 | 35.00 | 34.00 | 20.00 | 30.00 | 15.00 | 25.00 | 31.00 | 30.00 | 33.00 | 14.00 | 20.00 | 29.00 | 29.00 | 30.00 | 30.00 | 30.00 |
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Central Bank of Nigeria published this content on 18 December 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 07 January 2021 15:21:06 UTC
