Liabilities to Other Financial Corporations (Depository Corporations) in Nigeria
Nigeria: Liabilities to Other Financial Corporations (Depository Corporations) was 480.36 billion in 2008. ◆ Volatile
Liabilities to Other Financial Corporations in Nigeria, 2001–2008
Source: International Monetary Fund.
Analysis
In 2008, liabilities to other financial corporations in Nigeria stood at 480.36 billion. That is the highest value across all 8 years on record.
Compared with earlier readings it is up 2,354.6% on the previous year and up 5,476.2% over ten years.
Nigeria ranks 7th of 82 countries on this measure, in the top 10%.
Liabilities to Other Financial Corporations (Depository Corporations) in Nigeria, year by year
| Year | Value | Change |
|---|---|---|
| 2001 | 8.61 billion | — |
| 2002 | 8.71 billion | +1.1% |
| 2003 | 12.51 billion | +43.6% |
| 2004 | 10.35 billion | -17.3% |
| 2005 | 23.04 billion | +122.7% |
| 2006 | 45.62 billion | +98.0% |
| 2007 | 19.57 billion | -57.1% |
| 2008 | 480.36 billion | +2354.6% |
Nigeria compared with similar countries
- Nigeria's 480.36 billion is above the median for lower middle income countries, which is 3.10 billion, 154.8× the median. (24 countries reporting)
- Nigeria's 480.36 billion is above the median for Sub-Saharan Africa, which is 162.82 million, 2950.3× the median. (19 countries reporting)
Countries ranked near Nigeria
More external debt data for Nigeria
- Net financial flows, IBRD 141.84 million NFL, current US$ (2025)
- IFC, private nonguaranteed (NFL, US$), per capita 0.4399 NFL, US$ per person (2024)
- IFC, private nonguaranteed (NFL, US$), per unit of GDP 0.0004 NFL, US$ per US$ of GDP (2024)
- IFC, private nonguaranteed (NFL, US$), per square kilometre 56.33 NFL, US$ per square kilometre (2023)
- Net financial flows, IDA (NFL, current US$), per capita 8.24 NFL, current US$ per person (2024)
- Net financial flows, IDA (NFL, current US$), per unit of GDP 0.0076 NFL, current US$ per US$ of GDP (2024)
- Net financial flows, IDA (NFL, current US$), per square kilometre 1,640 NFL, current US$ per square kilometre (2023)
- Use of IMF credit 5.52 billion DOD, current US$ (2025)
- External debt stocks, public and publicly guaranteed (PPG) 56.88 billion DOD, current US$ (2025)
- External debt stocks, long-term 111.36 billion DOD, current US$ (2025)
Frequently asked questions
- What is liabilities to other financial corporations in Nigeria?
- Liabilities to other financial corporations in Nigeria was 480.36 billion in 2008, according to International Monetary Fund.
- What is the highest liabilities to other financial corporations recorded in Nigeria?
- The highest recorded value was 480.36 billion in 2008.
- What is the lowest liabilities to other financial corporations recorded in Nigeria?
- The lowest recorded value was 8.61 billion in 2001.
- How does Nigeria rank for liabilities to other financial corporations?
- Nigeria ranks 7th out of 82 countries with data for 2008.
- Is liabilities to other financial corporations rising or falling in Nigeria?
- Over the last ten years it is up 5,476.2%. The long-run trend across the full record is volatile.
- Where does this Nigeria data come from?
- The figures come from International Monetary Fund, published as part of Liabilities to Other Financial Corporations (Depository Corporations Survey, Domestic currency). Statizoid updates them automatically from the source API.
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About this data
The Monetary and Financial Statistics (MFS), Non-standard dataset provides discontinued, vintage country-reported financial data that are not harmonized and use country-specific terms.