Bank's Net Interest Margin for Nigeria
DDEI01NGA156NWDB • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
3.61
Year-over-Year Change
41.09%
Date Range
1/1/2000 - 1/1/2021
Summary
The Bank's Net Interest Margin for Nigeria measures the difference between the interest income and interest expense of banks in Nigeria, providing insight into their profitability.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
The bank's net interest margin is a key indicator of the financial health and efficiency of the banking sector in Nigeria. It reflects how effectively banks are able to generate income from their lending and investment activities relative to their funding costs.
Methodology
The data is collected and reported by the World Bank as part of its Development Indicators database.
Historical Context
This metric is closely watched by policymakers, regulators, and investors to assess the performance and competitiveness of the Nigerian banking industry.
Key Facts
- Nigeria's bank net interest margin averaged 6.9% from 2010-2020.
- High net interest margins can indicate inefficient banking systems.
- Net interest margins are influenced by interest rates, credit risk, and competition.
FAQs
Q: What does this economic trend measure?
A: The bank's net interest margin measures the difference between the interest income and interest expense of banks in Nigeria, providing insight into their profitability.
Q: Why is this trend relevant for users or analysts?
A: The net interest margin is a key indicator of the financial health and efficiency of the Nigerian banking sector, which is closely watched by policymakers, regulators, and investors.
Q: How is this data collected or calculated?
A: The data is collected and reported by the World Bank as part of its Development Indicators database.
Q: How is this trend used in economic policy?
A: Policymakers and regulators use this metric to assess the performance and competitiveness of the Nigerian banking industry, which is important for maintaining a stable and efficient financial system.
Q: Are there update delays or limitations?
A: The World Bank data may have update delays, and the metric may not capture all aspects of banking sector profitability in Nigeria.
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Citation
U.S. Federal Reserve, Bank's Net Interest Margin for Nigeria (DDEI01NGA156NWDB), retrieved from FRED.