PNG, commercial banks and other creditors in Nigeria
Nigeria: PNG, commercial banks and other creditors was -1.86 billion NFL, current US$ in 2024. ◆ Volatile
Latest (2024)
-1.86 billion NFL, current US$
Change on year
down 751.0%
World rank
85th
of 93 countries
All-time high
3.19 billion NFL, current US$
in 2014
All-time low
-1.86 billion NFL, current US$
in 2024
Years of data
55
1970–2024
PNG, commercial banks and other creditors in Nigeria, 1970–2024
Source: International Debt Statistics, World Bank (WB). Measured in NFL, current US$.
Analysis
Nigeria recorded -1.86 billion NFL, current US$ for png, commercial banks and other creditors in 2024. That is the lowest value across all 55 years on record.
Compared with earlier readings it is down 751.0% on the previous year and down 158.4% over ten years.
Over the whole period, png, commercial banks and other creditors in Nigeria peaked at 3.19 billion NFL, current US$ in 2014 and was at its lowest, -1.86 billion NFL, current US$, in 2024.
Nigeria ranks 85th of 93 countries on this measure, in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
PNG, commercial banks and other creditors in Nigeria, year by year
| Year | NFL, current US$ | Change |
|---|---|---|
| 1970 | -5.00 million NFL, current US$ | — |
| 1971 | -7.00 million NFL, current US$ | +40.0% |
| 1972 | -23.00 million NFL, current US$ | +228.6% |
| 1973 | 3.00 million NFL, current US$ | -113.0% |
| 1974 | -5.00 million NFL, current US$ | -266.7% |
| 1975 | 8.00 million NFL, current US$ | -260.0% |
| 1976 | 12.00 million NFL, current US$ | +50.0% |
| 1977 | 27.00 million NFL, current US$ | +125.0% |
| 1978 | 206.00 million NFL, current US$ | +663.0% |
| 1979 | 373.00 million NFL, current US$ | +81.1% |
| 1980 | 388.00 million NFL, current US$ | +4.0% |
| 1981 | 250.00 million NFL, current US$ | -35.6% |
| 1982 | -33.90 million NFL, current US$ | -113.6% |
| 1983 | 95.50 million NFL, current US$ | -381.7% |
| 1984 | 100.00 million NFL, current US$ | +4.7% |
| 1985 | -35.00 million NFL, current US$ | -135.0% |
| 1986 | 0 NFL, current US$ | -100.0% |
| 1987 | -48.30 million NFL, current US$ | — |
| 1988 | -6.74 million NFL, current US$ | -86.0% |
| 1989 | 85.00 million NFL, current US$ | -1361.1% |
| 1990 | -15.26 million NFL, current US$ | -117.9% |
| 1991 | -47.43 million NFL, current US$ | +210.9% |
| 1992 | -8.00 million NFL, current US$ | -83.1% |
| 1993 | -10.00 million NFL, current US$ | +25.0% |
| 1994 | -10.00 million NFL, current US$ | -0.0% |
| 1995 | -10.00 million NFL, current US$ | -0.0% |
| 1996 | -10.00 million NFL, current US$ | -0.0% |
| 1997 | -10.00 million NFL, current US$ | -0.0% |
| 1998 | -10.00 million NFL, current US$ | -0.0% |
| 1999 | -35.00 million NFL, current US$ | +250.0% |
| 2000 | 1.90 billion NFL, current US$ | -5521.3% |
| 2001 | 1.75 billion NFL, current US$ | -7.7% |
| 2002 | 2.32 billion NFL, current US$ | +32.4% |
| 2003 | 911.49 million NFL, current US$ | -60.7% |
| 2004 | 892.33 million NFL, current US$ | -2.1% |
| 2005 | -200.81 million NFL, current US$ | -122.5% |
| 2006 | 142.32 million NFL, current US$ | -170.9% |
| 2007 | 1.35 billion NFL, current US$ | +845.3% |
| 2008 | 927.21 million NFL, current US$ | -31.1% |
| 2009 | 39.46 million NFL, current US$ | -95.7% |
| 2010 | 2.32 billion NFL, current US$ | +5776.0% |
| 2011 | 1.30 billion NFL, current US$ | -43.7% |
| 2012 | -83.64 million NFL, current US$ | -106.4% |
| 2013 | 608.49 million NFL, current US$ | -827.6% |
| 2014 | 3.19 billion NFL, current US$ | +424.2% |
| 2015 | 443.23 million NFL, current US$ | -86.1% |
| 2016 | -219.52 million NFL, current US$ | -149.5% |
| 2017 | 1.80 billion NFL, current US$ | -920.2% |
| 2018 | 2.53 billion NFL, current US$ | +40.7% |
| 2019 | 2.20 billion NFL, current US$ | -13.1% |
| 2020 | 1.12 billion NFL, current US$ | -48.9% |
| 2021 | 1.21 billion NFL, current US$ | +7.9% |
| 2022 | 1.85 billion NFL, current US$ | +52.1% |
| 2023 | -218.88 million NFL, current US$ | -111.9% |
| 2024 | -1.86 billion NFL, current US$ | +751.0% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 58.90 million NFL, current US$ | -23.00 million NFL, current US$ | 373.00 million NFL, current US$ | 10 |
| 1980s | 79.46 million NFL, current US$ | -48.30 million NFL, current US$ | 388.00 million NFL, current US$ | 10 |
| 1990s | -16.57 million NFL, current US$ | -47.43 million NFL, current US$ | -8.00 million NFL, current US$ | 10 |
| 2000s | 1.00 billion NFL, current US$ | -200.81 million NFL, current US$ | 2.32 billion NFL, current US$ | 10 |
| 2010s | 1.41 billion NFL, current US$ | -219.52 million NFL, current US$ | 3.19 billion NFL, current US$ | 10 |
| 2020s | 420.42 million NFL, current US$ | -1.86 billion NFL, current US$ | 1.85 billion NFL, current US$ | 5 |
Countries ranked near Nigeria
- 82 Ghana -1.24 billion NFL, current US$ compare
- 83 Ecuador -1.58 billion NFL, current US$ compare
- 84 Cambodia -1.74 billion NFL, current US$ compare
- 86 Peru -2.26 billion NFL, current US$ compare
- 87 Papua New Guinea -3.00 billion NFL, current US$ compare
- 88 Türkiye -3.70 billion NFL, current US$ compare
More external debt data for Nigeria
- IFC, private nonguaranteed 102.35 million NFL, US$ (2024)
- 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)
- Public and publicly guaranteed debt service 1.6% (2024)
- Net financial flows, IDA 1.92 billion NFL, current US$ (2024)
- 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, IBRD 758.21 million NFL, current US$ (2024)
- Public and publicly guaranteed debt service 6.3% (2024)
Frequently asked questions
- What is png, commercial banks and other creditors in Nigeria?
- Png, commercial banks and other creditors in Nigeria was -1.86 billion NFL, current US$ in 2024, according to International Debt Statistics, World Bank (WB).
- What is the highest png, commercial banks and other creditors recorded in Nigeria?
- The highest recorded value was 3.19 billion NFL, current US$ in 2014.
- What is the lowest png, commercial banks and other creditors recorded in Nigeria?
- The lowest recorded value was -1.86 billion NFL, current US$ in 2024.
- How does Nigeria rank for png, commercial banks and other creditors?
- Nigeria ranks 85th out of 93 countries with data for 2024.
- Is png, commercial banks and other creditors rising or falling in Nigeria?
- Over the last ten years it is down 158.4%. The long-run trend across the full record is volatile.
- Where does this Nigeria data come from?
- The figures come from International Debt Statistics, World Bank (WB), published as part of PNG, commercial banks and other creditors (NFL, current US$). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 55 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
About this data
Nonguaranteed long-term commercial bank loans from private banks and other private financial institutions. Net flows (or net lending or net disbursements) received by the borrower during the year are disbursements minus principal repayments. Data are in current U.S. dollars.