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Bank Interest Expenses (Local Currency) in Nigeria

Source: IMF
Last Updated: July 24, 2023

Bank interest expenses reached NGN 368,315 mil in third quarter of 2021 in Nigeria, according to the National Central Bank. This is 21.7% more than in the previous quarter.

Historically, bank interest expenses in Nigeria reached an all time high of NGN 442,222 mil in 4Q2019 and an all time low of NGN 99,616 mil in 3Q2010.

Nigeria has been ranked 4th within the group of 44 countries we follow in terms of bank interest expenses.

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