Bank non-performing loans to gross loans in Nigeria
Nigeria: Bank non-performing loans to gross loans was 6.0% in 2020. ◆ Volatile
Bank non-performing loans to gross loans in Nigeria, 1998–2020
Source: Financial Soundness Indicators Database (fsi.imf.org), International Monetary Fund (IMF). Measured in %.
Analysis
In 2020, bank non-performing loans to gross loans in Nigeria stood at 6.0%.
The figure is down 0.6% on the previous year and down 70.1% over ten years.
Over the whole period, bank non-performing loans to gross loans in Nigeria peaked at 37.3% in 2009 and was at its lowest, 3.0%, in 2014.
That places Nigeria 50th out of 141 countries with data for 2020, putting it in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Bank non-performing loans to gross loans in Nigeria, year by year
| Year | % | Change |
|---|---|---|
| 1998 | 19.4% | — |
| 1999 | 25.6% | +32.0% |
| 2000 | 22.6% | -11.7% |
| 2001 | 19.7% | -12.8% |
| 2002 | 21.4% | +8.6% |
| 2003 | 20.5% | -4.2% |
| 2004 | 21.6% | +5.4% |
| 2006 | 9.3% | -56.9% |
| 2007 | 9.5% | +2.2% |
| 2008 | 6.3% | -33.7% |
| 2009 | 37.3% | +492.1% |
| 2010 | 20.1% | -46.0% |
| 2011 | 5.8% | -71.3% |
| 2012 | 3.7% | -35.8% |
| 2013 | 3.4% | -8.4% |
| 2014 | 3.0% | -12.8% |
| 2015 | 4.9% | +64.2% |
| 2016 | 12.8% | +163.6% |
| 2017 | 14.8% | +15.6% |
| 2018 | 11.7% | -21.2% |
| 2019 | 6.1% | -48.1% |
| 2020 | 6.0% | -0.6% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 22.5% | 19.4% | 25.6% | 2 |
| 2000s | 18.7% | 6.3% | 37.3% | 9 |
| 2010s | 8.6% | 3.0% | 20.1% | 10 |
| 2020s | 6.0% | 6.0% | 6.0% | 1 |
Countries ranked near Nigeria
More financial sector data for Nigeria
- Net domestic credit (current LCU), per capita 296,323 current LCU per person (2022)
- Net domestic credit (current LCU), per unit of GDP 102.21 current LCU per US$ of GDP (2022)
- Net domestic credit (current LCU), annual growth rate 35.83 % change on previous year (2022)
- Gold reserves at 35 SDRs per ounce 24.13 million SDR (2025)
- Gold reserves at market value 2.20 billion SDR (2025)
- Reserves excluding gold, foreign exchange 28.09 billion SDR (2025)
- Reserves excluding gold 31.41 billion SDR (2025)
- Total reserves (gold at market value) 33.61 billion SDR (2025)
- Total reserves (gold at national valuation) 33.58 billion SDR (2025)
- Total reserves (gold at national valuation) (SDR), per capita 141.38 SDR per person (2025)
Frequently asked questions
- What is bank non-performing loans to gross loans in Nigeria?
- Bank non-performing loans to gross loans in Nigeria was 6.0% in 2020, according to Financial Soundness Indicators Database (fsi.imf.org), International Monetary Fund (IMF).
- What is the highest bank non-performing loans to gross loans recorded in Nigeria?
- The highest recorded value was 37.3% in 2009.
- What is the lowest bank non-performing loans to gross loans recorded in Nigeria?
- The lowest recorded value was 3.0% in 2014.
- How does Nigeria rank for bank non-performing loans to gross loans?
- Nigeria ranks 50th out of 141 countries with data for 2020.
- Is bank non-performing loans to gross loans rising or falling in Nigeria?
- Over the last ten years it is down 70.1%. The long-run trend across the full record is volatile.
- Where does this Nigeria data come from?
- The figures come from Financial Soundness Indicators Database (fsi.imf.org), International Monetary Fund (IMF), published as part of Bank non-performing loans to gross loans (%). Statizoid updates them automatically from the source API.
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About this data
Reported by IMF staff. Note that due to differences in national accounting, taxation, and supervisory regimes, these data are not strictly comparable across countries.