24Peaks / Africa / Nigeria / Loan Interest Rate

Nigeria - Loan Interest Rate 18.45

World Bank WDI · updated 2026-10-15 · 148 economies tracked

Latest value

18.45 (2025)

Global rank

##11 of 148 economies

vs global median

2.1×

Growth since 1970

2.64×

Ranking Race — Loan Interest Rate

1 = global #1 · higher value ranks higher

#1#15#29#43#57#71#8519601970198019902000201020202025#8#112024 overtook Georgia2025 overtook Sierra Leone
NigeriaMadagascarZimbabweArgentinaBrazil

Real annual global ranks, 1960 - 2025. Nigeria climbed from #8 to #11 (overtook Georgia). Gaps in a lane = missing data that year.

Key events for Nigeria ↓

Key Events — Nigeria

Auto-detected from rank data + curated milestones

1970
Oil boom begins curated

Crude revenues transform the economy after civil war.

1987
Climbed 20 places in global rank auto
2009
Climbed 15 places in global rank auto
2016
Oil price recession curated

First recession in 25 years as crude prices collapse.

2020
COVID-19 oil shock curated

Dual pandemic and oil shock push GDP down.

2023
Fuel subsidy removal curated

Petrol subsidy cut and currency reforms spark inflation.

2024
Overtook Georgia in global rank auto
2025
Overtook Sierra Leone in global rank auto

Loan Interest Rate, 1970-2025

World Bank WDI · % · linear scale · ranking in the race above
19701985200020152025614.5523.131.65

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