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Corporate Loans (Local Currency) in Nigeria

Source: Central Bank of Nigeria, Nigeria Deposit Insurance Corporation (Data for commercial banks only), IMF
Last Updated: July 24, 2023

Corporate loans reached NGN < 0.001 bil in second quarter of 2021 in Nigeria, according to the National Central Bank. This is 1.32% 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 < 0.001 bil in 1Q2021.

Nigeria has been ranked 64th within the group of 64 countries we follow in terms of corporate loans.

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