Real interest rate | Nigeria – yearly data, chart and table

The Real interest year-end rate of Nigeria in 2024 was 27.50%. The end-2023 rate was  18.75%. It has been growing in this country for already 3 years in a row. The lowest real interest rate in Nigeria was recorded in 2009, with a value of  6.00%. The highest rate was in 2024, when it achieved 27.50%. Real Interest Rate ≈ Nominal Interest Rate - Inflation Rate. If the nominal interest rate on a loan is 9%, and inflation is 6%, the real interest rate is 3%. This means the lender effectively gains 3% in purchasing power, while the borrower pays 3% in real terms.