Nigeria Banks Lending Rates



Nigeria Banks Lending Rates
April 05, 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 14.00 29.00 15.00 29.50
2 Citi Bank Nigeria 16.00 22.00 16.00 22.00 16.00 21.00 16.00 22.00 16.00 22.00
3 Coronation Merchant Bank 16.50 18.00 - - 16.00 22.0 19.10 19.50 17.00 17.00
4 Diamond Bank 15.00 30.06 - - 20.00 29.83 20.00 23.00 20.0 28.72
5 Ecobank Nigeria 17.00 25.00 21.00 24.00 14.00 24.0 19.00 28.0 15.00 26.00
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 - April 05, 2019
  • Public Utilities
  • General Commerce
  • Transportation & Storage
  • Finance & Insurance
  • General
  • Government
  • Management & Remediation Activities
  • Construction
  • Information & Communication
  • Professional, Scientific & Technical
  • Administrative & Support Services
  • Education
  • Human Health & Social Work Activities
  • Arts, Entertainment & Recreation
  • Activities of Extraterritorial Organizations & Bodies
  • Power & Energy
  • Capital Market



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