Loan loss provisions as a percentage of bank loans reached 1.25% in 2020 in Nigeria, according to the National Central Bank. This is 85.8% more than in the previous year.
Historically, loan loss provisions as a percentage of bank loans in Nigeria reached an all time high of 6.21% in 2011 and an all time low of -0.993% in 2010.
Nigeria has been ranked 42nd within the group of 70 countries we follow in terms of loan loss provisions as a percentage of bank loans.
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