Nominal bank loans growth reached 16.5% in 2020 in Nigeria, according to the National Central Bank. This is 21.6% more than in the previous year.
Historically, nominal bank loans growth in Nigeria reached an all time high of 103% in 2008 and an all time low of -22.4% in 2018.
Nigeria has been ranked 13th within the group of 106 countries we follow in terms of nominal bank loans growth.
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