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% |
Nigeria compared with similar countries
- Nigeria's 8.1% is above the median for lower middle income countries, which is 6.6%, 1.2× the median. (32 countries reporting)
- Nigeria's 8.1% is above the median for Sub-Saharan Africa, which is 6.1%, 1.3× the median. (30 countries reporting)
Biggest year-on-year movements
Years where Bank nonperforming loans to total gross loans (%) in Nigeria changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 2009 | +417.9% | 7.2% | 37.3% |
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
- Reserve position in the IMF, US dollar, annual growth rate 5.01 % change on previous year (2025)
- Reserve position in the IMF, US dollar, per unit of GDP 0.0008 units per US$ of GDP (2025)
- Reserve position in the IMF, US dollar, per capita 1.01 units per person (2025)
- Reserve position in the IMF, SDR, annual growth rate 0 % change on previous year (2025)
- Reserve position in the IMF, SDR, per unit of GDP 0.0006 units per US$ of GDP (2025)
- Reserve position in the IMF, SDR, per capita 0.7387 units per person (2025)
- Reserve tranche position, US dollar, annual growth rate 5.01 % change on previous year (2025)
- Reserve tranche position, US dollar, per unit of GDP 0.0008 units per US$ of GDP (2025)
- Reserve tranche position, US dollar, per capita 1.01 units per person (2025)
- Reserve tranche position, SDR, annual growth rate 0 % change on previous year (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.