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FX Denominated Bank Loans (Local Currency) in Nigeria

Source: IMF
Last Updated: January 27, 2022

Fx denominated bank loans reached NGN 7,294 bil in second quarter of 2021 in Nigeria, according to the National Central Bank. This is 2.53% more than in the previous quarter.

Historically, FX denominated bank loans in Nigeria reached an all time high of NGN 7,294 bil in 2Q2021 and an all time low of NGN 6,121 bil in 1Q2019.

Nigeria has been ranked 13th within the group of 63 countries we follow in terms of FX denominated bank loans.

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