Fx denominated loans as a share of bank loans reached 43.7% in second quarter of 2023 in Nigeria, according to the National Central Bank. This is 26.6% more than in the previous quarter.
Historically, FX denominated loans as a share of bank loans in Nigeria reached an all time high of 44.2% in 4Q2018 and an all time low of 6.31% in 1Q2016.
Nigeria has been ranked 16th within the group of 86 countries we follow in terms of FX denominated loans as a share of bank loans.
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