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FX Denominated Bank Loans (Local Currency) in Nigeria

Source: IMF
Last Updated: January 27, 2022

Fx denominated bank loans reached NGN 6,196 bil in 2020 in Nigeria, according to the National Central Bank. This is 8.03% less than in the previous year.

Historically, FX denominated bank loans in Nigeria reached an all time high of NGN 6,790 bil in 2018 and an all time low of NGN 6,196 bil in 2020.

Nigeria has been ranked 14th within the group of 78 countries we follow in terms of FX denominated bank loans.

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