Bank net interest margin in Nigeria
Nigeria: Bank net interest margin was 3.6% in 2021. ▼ Falling
Bank net interest margin in Nigeria, 2000–2021
Source: Bankscope, Bureau van Dijk (BvD). Measured in %.
Analysis
In 2021, bank net interest margin in Nigeria stood at 3.6%.
Compared with earlier readings it is down 23.7% on the previous year and down 69.7% over ten years.
Over the whole period, bank net interest margin in Nigeria peaked at 12.1% in 2002 and was at its lowest, 2.2%, in 2010.
That places Nigeria 66th out of 165 countries with data for 2021, putting it in the middle of the range.
The long-run direction has been consistently falling across the 22 years of available data.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 8.1% | 2.6% | 12.1% | 10 |
| 2010s | 7.0% | 2.2% | 11.9% | 10 |
| 2020s | 4.2% | 3.6% | 4.7% | 2 |
Countries ranked near Nigeria
More financial sector data for Nigeria
- Domestic credit to private sector by banks 13.1% (2023)
- Total reserves in months of imports 7.12 (2025)
- Net domestic credit 66.12 trillion current LCU (2022)
- Net foreign assets 3.79 trillion current LCU (2022)
- Monetary Sector credit to private sector 9.6% (2022)
- Broad money 25.1% (2023)
- Claims on central government, etc. 8.6% (2022)
- Domestic credit to private sector 9.6% (2022)
- Official exchange rate 1,518 LCU per US$, period average (2025)
- Net migration -15,258 (2025)
Frequently asked questions
- What is bank net interest margin in Nigeria?
- Bank net interest margin in Nigeria was 3.6% in 2021, according to Bankscope, Bureau van Dijk (BvD).
- What is the highest bank net interest margin recorded in Nigeria?
- The highest recorded value was 12.1% in 2002.
- What is the lowest bank net interest margin recorded in Nigeria?
- The lowest recorded value was 2.2% in 2010.
- How does Nigeria rank for bank net interest margin?
- Nigeria ranks 66th out of 165 countries with data for 2021.
- Is bank net interest margin rising or falling in Nigeria?
- Over the last ten years it is down 69.7%. The long-run trend across the full record is falling.
- Where does this Nigeria data come from?
- The figures come from Bankscope, Bureau van Dijk (BvD), published as part of Bank net interest margin (%). Statizoid updates them automatically from the source API.
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About this data
Raw data are from Bankscope. Data2080[t] / ((data2010[t] + data2010[t-1])/2). Numerator and denominator are aggregated on the country level before division. Note that banks used in the calculation might differ between indicators. Calculated from underlying bank-by-bank unconsolidated data from Bankscope.