5-bank asset concentration in Nigeria
Nigeria: 5-bank asset concentration was 74.35 in 2021. ▲ Rising
5-bank asset concentration in Nigeria, 2000–2021
Source: Bankscope, Bureau van Dijk (BvD).
Analysis
Nigeria recorded 74.35 for 5-bank asset concentration in 2021.
Compared with earlier readings it is up 15.2% on the previous year and up 23.4% over ten years.
Over the whole period, 5-bank asset concentration in Nigeria peaked at 100 in 2010 and was at its lowest, 33.42, in 2001.
Nigeria ranks 115th of 151 countries on this measure, in the bottom quarter.
The long-run direction has been consistently rising across the 22 years of available data.
5-bank asset concentration in Nigeria, year by year
| Year | Value | Change |
|---|---|---|
| 2000 | 36.93 | — |
| 2001 | 33.42 | -9.5% |
| 2002 | 34.21 | +2.4% |
| 2003 | 35.51 | +3.8% |
| 2004 | 51.49 | +45.0% |
| 2005 | 77.42 | +50.4% |
| 2006 | 91.19 | +17.8% |
| 2007 | 89.26 | -2.1% |
| 2008 | 95.82 | +7.3% |
| 2009 | 94.41 | -1.5% |
| 2010 | 100 | +5.9% |
| 2011 | 60.26 | -39.7% |
| 2012 | 56.27 | -6.6% |
| 2013 | 57.37 | +2.0% |
| 2014 | 57.77 | +0.7% |
| 2015 | 55.47 | -4.0% |
| 2016 | 59.57 | +7.4% |
| 2017 | 60.76 | +2.0% |
| 2018 | 59.49 | -2.1% |
| 2019 | 63.49 | +6.7% |
| 2020 | 64.56 | +1.7% |
| 2021 | 74.35 | +15.2% |
Nigeria compared with similar countries
- Nigeria's 74.35 is below the median for lower middle income countries, which is 84.23, 88% of the median. (34 countries reporting)
- Nigeria's 74.35 is below the median for Sub-Saharan Africa, which is 92.9, 80% of the median. (33 countries reporting)
Biggest year-on-year movements
Years where 5-bank asset concentration in Nigeria changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 2005 | +50.4% | 51.49 | 77.42 |
| 2004 | +45.0% | 35.51 | 51.49 |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 63.96 | 33.42 | 95.82 | 10 |
| 2010s | 63.05 | 55.47 | 100 | 10 |
| 2020s | 69.46 | 64.56 | 74.35 | 2 |
Countries ranked near Nigeria
More financial sector data for Nigeria
- Reserve position in the IMF, US dollar, annual growth rate 5.01 % change on previous year (2025)
- Reserve position in the IMF, US dollar, per unit of GDP 0.0008 units per US$ of GDP (2025)
- Reserve position in the IMF, US dollar, per capita 1.01 units per person (2025)
- Reserve position in the IMF, SDR, annual growth rate 0 % change on previous year (2025)
- Reserve position in the IMF, SDR, per unit of GDP 0.0006 units per US$ of GDP (2025)
- Reserve position in the IMF, SDR, per capita 0.7387 units per person (2025)
- Reserve tranche position, US dollar, annual growth rate 5.01 % change on previous year (2025)
- Reserve tranche position, US dollar, per unit of GDP 0.0008 units per US$ of GDP (2025)
- Reserve tranche position, US dollar, per capita 1.01 units per person (2025)
- Reserve tranche position, SDR, annual growth rate 0 % change on previous year (2025)
Frequently asked questions
- What is 5-bank asset concentration in Nigeria?
- 5-bank asset concentration in Nigeria was 74.35 in 2021, according to Bankscope, Bureau van Dijk (BvD).
- What is the highest 5-bank asset concentration recorded in Nigeria?
- The highest recorded value was 100 in 2010.
- What is the lowest 5-bank asset concentration recorded in Nigeria?
- The lowest recorded value was 33.42 in 2001.
- How does Nigeria rank for 5-bank asset concentration?
- Nigeria ranks 115th out of 151 countries with data for 2021.
- Is 5-bank asset concentration rising or falling in Nigeria?
- Over the last ten years it is up 23.4%. The long-run trend across the full record is rising.
- Where does this Nigeria data come from?
- The figures come from Bankscope, Bureau van Dijk (BvD), published as part of 5-bank asset concentration. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 22 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
About this data
Raw data are from Bankscope. (Sum(data2025) for five largest banks in Bankscope) / (Sum(data2025) for all banks in Bankscope). Only reported if number of banks in Bankscope is 5 or more. Calculated from underlying bank-by-bank unconsolidated data from Bankscope.