Fair-rate check · Nigeria
Is the rate you were offered fair?
A saver who knows the government pays 15.89% can judge the 7.46% banks pay on savings on average. A borrower who knows banks charge their best customers 17.86% can judge the rate a lender quotes. Type yours; the comparison uses only the central bank’s and debt office’s own figures.
Is my rate fair? · Nigeria
Against the published benchmarks · information, not advice
Type the rate you were offered and the amount. Best published saving option: 364-day Treasury bill 15.89%. Banks’ average savings rate 7.46%; prime lending rate 17.86% (August 2026).
Saving
What your money could earn
| 364-day Treasury billCBN stop rate, auction of 23 Sept 2026 | 15.89% |
| 182-day Treasury billCBN stop rate, auction of 23 Sept 2026 | 15.80% |
| 91-day Treasury billCBN stop rate, auction of 23 Sept 2026 | 15.50% |
| FGN Savings Bond, 3 yearsDebt Management Office, October 2026 offer | 14.07% |
| FGN Savings Bond, 2 yearsDebt Management Office, October 2026 offer | 13.07% |
| Bank 12-month deposit, averageCBN, August 2026 | 10.30% |
| Bank savings deposit, averageCentral Bank of Nigeria, August 2026 | 7.46% |
Borrowing
What banks charge
| Prime lending rateCBN, August 2026: what banks charge their best borrowers | 17.86% |
| Maximum lending rateCBN, August 2026: the average top of banks' lending rates | 29.20% |
| Monetary Policy RateCentral Bank of Nigeria, August 2026 | 26.50% |
Where the figures come from
Treasury bill rates from the Central Bank of Nigeria’s auction results; the savings bond from the Debt Management Office's monthly offer; bank averages from the Central Bank of Nigeria’s published monthly rates; the policy rate from the central bank’s own site.
What “fair” means here
For savings: near or above what the government itself pays. For loans: near what banks charge. Nigeria's bill rate is the CBN stop rate, a discount rate, so the return on the money you pay in is a little higher. All rates are compared before tax. It is a yardstick, not a judgement of any institution.
Share it
Forward this page to anyone being quoted a rate. The figures update as each auction and monthly average is published.