Banking survey: claims on private sector in Nigeria
Nigeria: Banking survey: claims on private sector was 42.56 billion current LCU in 1991. β Volatile
Banking survey: claims on private sector in Nigeria, 1965β1991
Source: International Monetary Fund, International Financial Statistics and data files. Measured in current LCU.
Analysis
Nigeria recorded 42.56 billion current LCU for banking survey: claims on private sector in 1991. That is the highest value across all 27 years on record.
Compared with earlier readings it is up 24.1% on the previous year and up 426.6% over ten years.
Over the whole period, banking survey: claims on private sector in Nigeria peaked at 42.56 billion current LCU in 1991 and was at its lowest, 281.10 million current LCU, in 1965.
Nigeria ranks 37th of 50 countries on this measure, in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 301.26 million current LCU | 281.10 million current LCU | 327.60 million current LCU | 5 |
| 1970s | 1.86 billion current LCU | 441.00 million current LCU | 4.46 billion current LCU | 10 |
| 1980s | 15.23 billion current LCU | 6.15 billion current LCU | 28.50 billion current LCU | 10 |
| 1990s | 38.43 billion current LCU | 34.29 billion current LCU | 42.56 billion current LCU | 2 |
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 banking survey: claims on private sector in Nigeria?
- Banking survey: claims on private sector in Nigeria was 42.56 billion current LCU in 1991, according to International Monetary Fund, International Financial Statistics and data files.
- What is the highest banking survey: claims on private sector recorded in Nigeria?
- The highest recorded value was 42.56 billion current LCU in 1991.
- What is the lowest banking survey: claims on private sector recorded in Nigeria?
- The lowest recorded value was 281.10 million current LCU in 1965.
- How does Nigeria rank for banking survey: claims on private sector?
- Nigeria ranks 37th out of 50 countries with data for 1991.
- Is banking survey: claims on private sector rising or falling in Nigeria?
- Over the last ten years it is up 426.6%. The long-run trend across the full record is volatile.
- Where does this Nigeria data come from?
- The figures come from International Monetary Fund, International Financial Statistics and data files, published as part of Banking survey: claims on private sector (current LCU). Statizoid updates them automatically from the source API.
Download this data
CSV Β· JSON β 27 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
About this data
Domestic credit to private sector refers to financial resources provided to the private sector, such as through loans, purchases of nonequity securities, and trade credits and other accounts receivable, that establish a claim for repayment. For some countries these claims include credit to public enterprises.