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Nigeria - Lending Rate 1975

Name: Nigeria Lending Rate 1975
Creator: World Bank
License: https://creativecommons.org/licenses/by/4.0/

Lending interest rate · World Bank

6.25% −0.75pp from 1974 Global rank: 1st

Nigeria's lending rate was 6.25% in 1975, decreased +0.75pp from 7.00% in 1974. This was the 1st highest globally.

Global Ranking - 1975▾

Lending Rate by Country - 1975
Rank	Country	Value	YoY
1st	Nigeria	6.25%	-10.7%
2nd	Libya	7.00%	0.0%
3rd	Somalia, Fed. Rep.	7.00%	-
4th	United States	7.86%	-27.2%
5th	Sierra Leone	8.50%	6.3%
6th	Canada	9.42%	-12.4%
7th	Kenya	10.00%	5.3%
8th	Malaysia	10.25%	-8.7%
9th	Australia	10.27%	9.6%
10th	United Kingdom	10.47%	16.3%
11th	Eswatini	10.75%	-
12th	South Africa	11.79%	16.0%

FAQ

What was Nigeria's lending rate in 1975?▾

Nigeria's lending rate in 1975 was 6.25%. This ranked 1st globally.

How did Nigeria's lending rate change in 1975?▾

Nigeria's lending rate decreased by 10.7% in 1975 compared to 1974.

Which country had the highest lending rate in 1975?▾

South Africa had the highest lending rate in 1975 at 11.79%.

What is the lending rate of Nigeria in 1975?▾

The lending rate of Nigeria in 1975 was 6.25%. This ranked 1st globally.

How does 1975 compare to 1974 for Nigeria's lending rate?▾

Nigeria's lending rate went from 7.00% in 1974 to 6.25% in 1975, a 10.7% decrease.

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