Corporate Loans (Local Currency) rose 11.4% yoy to NGN 13,597 bil in Nigeria in 2Q2016

Corporate loans rose 11.4% yoy to NGN 13,597 bil in Nigeria in 2Q2016, according to the National Central Bank. This is 19.2% more than in the previous quarter.

Historically, corporate loans in Nigeria reached an all time high of NGN 13,597 bil in 2Q2016 and an all time low of NGN 2,410 bil in 1Q2007.

Nigeria has been ranked 9th within the group of 86 countries we follow in terms of corporate loans, 9 places below the position seen 10 years ago.