Services, Credit/Revenue in Nigeria
Nigeria: Services, Credit/Revenue was 4.57 billion in 2024. β² Rising
Services, Credit/Revenue in Nigeria, 2005β2024
Source: International Monetary Fund.
Analysis
In 2024, services, credit/revenue in Nigeria stood at 4.57 billion.
The figure is up 2.8% on the previous year and up 129.3% over ten years.
Over the whole period, services, credit/revenue in Nigeria peaked at 5.03 billion in 2017 and was at its lowest, 1.44 billion, in 2007.
That places Nigeria 98th out of 198 countries with data for 2024, putting it in the middle of the range.
The long-run direction has been consistently rising across the 20 years of available data.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 2.00 billion | 1.44 billion | 2.30 billion | 5 |
| 2010s | 3.50 billion | 1.99 billion | 5.03 billion | 10 |
| 2020s | 4.37 billion | 3.99 billion | 4.86 billion | 5 |
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 services, credit/revenue in Nigeria?
- Services, credit/revenue in Nigeria was 4.57 billion in 2024, according to International Monetary Fund.
- What is the highest services, credit/revenue recorded in Nigeria?
- The highest recorded value was 5.03 billion in 2017.
- What is the lowest services, credit/revenue recorded in Nigeria?
- The lowest recorded value was 1.44 billion in 2007.
- How does Nigeria rank for services, credit/revenue?
- Nigeria ranks 98th out of 198 countries with data for 2024.
- Is services, credit/revenue rising or falling in Nigeria?
- Over the last ten years it is up 129.3%. The long-run trend across the full record is rising.
- Where does this Nigeria data come from?
- The figures come from International Monetary Fund, published as part of Services, Credit/Revenue (US dollar). Statizoid updates them automatically from the source API.
Download this data
CSV Β· JSON β 20 observations, free to reuse under IMF Terms and Conditions (attribution required).
About this data
The World and Country Group Aggregates (historically called BOPSY) is an annual publication, released each November, of major balance of payments and international investment position components for countries, country groups, and the world.