Bank nonperforming loans to total gross loans in Nigeria
Nigeria: Bank nonperforming loans to total gross loans was 8.1% in 2025. ◆ Volatile
Bank nonperforming loans to total gross loans in Nigeria, 2007–2025
Source: Financial Soundness Indicators, International Monetary Fund (IMF). Measured in %.
Analysis
The most recent figure for bank nonperforming loans to total gross loans in Nigeria is 8.1%, measured in 2025.
That represents a change of up 66.6% on the previous year and up 67.1% over ten years.
Over the whole period, bank nonperforming loans to total gross loans in Nigeria peaked at 37.3% in 2009 and was at its lowest, 3.0%, in 2014.
Nigeria ranks 29th of 151 countries on this measure, in the top quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Bank nonperforming loans to total gross loans in Nigeria, year by year
| Year | % | Change |
|---|---|---|
| 2007 | 9.5% | — |
| 2008 | 7.2% | -24.3% |
| 2009 | 37.3% | +417.9% |
| 2010 | 20.1% | -45.9% |
| 2011 | 5.8% | -71.3% |
| 2012 | 3.7% | -35.8% |
| 2013 | 3.4% | -8.4% |
| 2014 | 3.0% | -12.7% |
| 2015 | 4.9% | +64.0% |
| 2016 | 12.8% | +163.6% |
| 2017 | 14.8% | +15.6% |
| 2018 | 11.7% | -21.2% |
| 2019 | 6.0% | -48.3% |
| 2020 | 6.0% | -0.2% |
| 2021 | 4.9% | -18.1% |
| 2022 | 4.0% | -18.6% |
| 2023 | 4.4% | +9.2% |
| 2024 | 4.9% | +11.2% |
| 2025 | 8.1% | +66.6% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 18.0% | 7.2% | 37.3% | 3 |
| 2010s | 8.6% | 3.0% | 20.1% | 10 |
| 2020s | 5.4% | 4.0% | 8.1% | 6 |
Countries ranked near Nigeria
- 26 Saint Lucia 8.5% compare
- 27 Fiji 8.5% compare
- 28 Morocco 8.2% compare
- 30 Madagascar 7.6% compare
- 31 Gabon 7.6% compare
- 32 Mozambique 7.5% compare
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 nonperforming loans to total gross loans in Nigeria?
- Bank nonperforming loans to total gross loans in Nigeria was 8.1% in 2025, according to Financial Soundness Indicators, International Monetary Fund (IMF).
- What is the highest bank nonperforming loans to total gross loans recorded in Nigeria?
- The highest recorded value was 37.3% in 2009.
- What is the lowest bank nonperforming loans to total gross loans recorded in Nigeria?
- The lowest recorded value was 3.0% in 2014.
- How does Nigeria rank for bank nonperforming loans to total gross loans?
- Nigeria ranks 29th out of 151 countries with data for 2025.
- Is bank nonperforming loans to total gross loans rising or falling in Nigeria?
- Over the last ten years it is up 67.1%. The long-run trend across the full record is volatile.
- Where does this Nigeria data come from?
- The figures come from Financial Soundness Indicators, International Monetary Fund (IMF), published as part of Bank nonperforming loans to total gross loans (%). Statizoid updates them automatically from the source API.
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About this data
The indicator measures the proportion of a deposit taker’s loan portfolio that is impaired or at risk of default. It is calculated as the ratio of non-performing loans (NPLs) to total gross loans, where NPLs are defined as loans that are past due by 90 days or more or are otherwise considered unlikely to be repaid in full without the realization of collateral. Both non-performing loans and total gross loans should be reported at their gross book value, without deducting for loan-loss provisions or collateral. This indicator provides a key measure of asset quality and potential credit risk in the banking system.