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Loan Loss Provisions (Local Currency) in Nigeria

Source: Central Bank of Nigeria, Nigeria Deposit Insurance Corporation (Data for commercial banks only)

Last Updated: November 28, 2021

Loan loss provisions reached NGN 956 bil in 2016 in Nigeria, according to the National Central Bank. This is 105% more than in the previous year.

Historically, loan loss provisions in Nigeria reached an all time high of NGN 956 bil in 2016 and an all time low of NGN 180 bil in 2013.

Nigeria has been ranked 11th within the group of 93 countries we follow in terms of loan loss provisions.

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