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Nigeria - Lending Rate 1976

Name: Nigeria Lending Rate 1976
Creator: World Bank
License: https://creativecommons.org/licenses/by/4.0/

Lending interest rate · World Bank

6.50% +0.25pp from 1975 Global rank: 1st

Nigeria's lending rate was 6.50% in 1976, increased +0.25pp from 6.25% in 1975. This was the 1st highest globally.

Global Ranking - 1976▾

Lending Rate by Country - 1976
Rank	Country	Value	YoY
1st	Nigeria	6.50%	4.0%
2nd	United States	6.84%	-13.0%
3rd	Libya	7.00%	0.0%
4th	Somalia, Fed. Rep.	7.00%	0.0%
5th	Egypt, Arab Republic of	8.00%	-
6th	Sierra Leone	9.00%	5.9%
7th	Bahamas, The	9.50%	-
8th	Australia	9.92%	-3.4%
9th	Kenya	10.00%	0.0%
10th	Malaysia	10.03%	-2.1%
11th	Canada	10.04%	6.6%
12th	Bangladesh	10.21%	-
13th	Eswatini	10.50%	-2.3%
14th	Thailand	11.04%	-
15th	United Kingdom	11.10%	6.0%
16th	Philippines	12.00%	-
17th	South Africa	12.25%	3.9%
18th	Jamaica	13.76%	-
19th	Uruguay	59.74%	-

FAQ

What was Nigeria's lending rate in 1976?▾

Nigeria's lending rate in 1976 was 6.50%. This ranked 1st globally.

How did Nigeria's lending rate change in 1976?▾

Nigeria's lending rate increased by 4.0% in 1976 compared to 1975.

Which country had the highest lending rate in 1976?▾

Uruguay had the highest lending rate in 1976 at 59.74%.

What is the lending rate of Nigeria in 1976?▾

The lending rate of Nigeria in 1976 was 6.50%. This ranked 1st globally.

How does 1976 compare to 1975 for Nigeria's lending rate?▾

Nigeria's lending rate went from 6.25% in 1975 to 6.50% in 1976, a 4.0% increase.

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