Corporate loans reached 45.6 USD bil in 2016 in Nigeria, according to the National Central Bank. This is 22.4 % less than in the previous year.
Historically, corporate loans in Nigeria reached an all time high of 61.3 USD bil in 2014 and an all time low of 37.3 USD bil in 2011. When compared to Nigeria's main peers, corporate loans in Cameroon amounted to 3.58 USD bil and 0.736 USD bil in Chad in 2016.
Nigeria has been ranked 26th within the group of 83 countries we follow in terms of corporate loans.
Corporate loans are loans made to businesses for a specific business purpose.