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Data from World Bank. Forecasts by Sigmanomics Forecast Engine.
NigeriaNigeria Lending interest rate (%) climbed to 14.01% in January 2023
World BankYearlyReleased January 2023
Nigeria Lending interest rate (%) climbed to 14.01% in January 2023, up 1.68% from December's 12.33% reading.
Latest Release
14.01
Latest (2023)
12.33
Previous
World Bank
Source
Sigmacast Track Record
Sigmacast track record will appear here once this indicator has been released 3+ times since Sigmanomics began tracking.
Sigmacast Σ-direction model: consensus + ½ × mean(surprise, trailing 90d).
CORRELATED SYMBOLS— markets that historically move with this indicator
| Symbol | Direction | Correlation | Asset Class | Signal Bias | Action |
|---|---|---|---|---|---|
| EUR/USD | ▲ Direct | +0.30 | FOREX | Watch | → View |
| XAU/USD | ▲ Direct | +0.30 | COMMODITIES | Watch | → View |
| S&P 500 | ▲ Direct | +0.30 | INDEX | Watch | → View |
| BTC/USD | ▲ Direct | +0.30 | CRYPTO | Watch | → View |
| USD/JPY | ▲ Direct | +0.30 | FOREX | Watch | → View |
Correlation based on 12-month rolling window. Click any symbol to view its Sigmanomics forecast page.
THE RELEASE
Lending Interest Rate (%) (Nigeria) was reported at 14.01 Percent in December 2023. This is classified as a medium-impact indicator released on a yearly basis.
Auto-generated from current model state · Refreshes on each release · Last update December 2023.
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Lending interest rate (%) - NG
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About Lending interest rate (%) — Nigeria
WHY THIS INDICATOR MATTERS
Policy-rate decisions and associated communication are the primary near-term driver of front-end rates, currencies, and equity-discount-rate inputs. Surprises against consensus can drive short-term moves, particularly when the print breaks an established trend. Released annually.
WHAT'S NEXT
Sigmacast's 1-month forecast points to a similar reading versus the latest print, with the 3-month outlook reinforcing that direction. Both horizons are aligned bullish for this indicator, suggesting a consistent trend signal. Trend-driven dynamics are the primary tailwind in the current projection.
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EXPECTED ZONE
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