Non-performing loans reached 2,083 NGN bil in 2016 in Nigeria, according to the National Central Bank. This is 223 % more than in the previous year.
Historically, non-performing loans in Nigeria reached an all time high of 2,083 NGN bil in 2016 and an all time low of 286 NGN bil in 2012. When compared to Nigeria's main peers, non-performing loans in Cameroon amounted to 366 XAF bil and 153 XAF bil in Chad in 2016.
Nigeria has been ranked 9th within the group of 99 countries we follow in terms of non-performing loans.
A non-performing loan is a loan that is in default or close to being in default.