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Bank Loans (Local Currency) in Nigeria

Source: IMF
Last Updated: July 26, 2023

Bank loans reached NGN 21,976 bil in third quarter of 2021 in Nigeria, according to the National Central Bank. This is 4.31% more than in the previous quarter.

Historically, bank loans in Nigeria reached an all time high of NGN 21,976 bil in 3Q2021 and an all time low of NGN 5,854 bil in 1Q2010.

Nigeria has been ranked 11th within the group of 89 countries we follow in terms of bank loans.

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