Bank interest expenses reached NGN 1,148,253 mil in 2020 in Nigeria, according to the National Central Bank. This is 26.6% less than in the previous year.
Historically, bank interest expenses in Nigeria reached an all time high of NGN 1,565,221 mil in 2019 and an all time low of NGN 496,107 mil in 2011.
Nigeria has been ranked 11th within the group of 70 countries we follow in terms of bank interest expenses.
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