Bank branches per 100,000 adults in Nigeria
Nigeria: Bank branches per 100,000 adults was 4.45 in 2020. βΌ Falling
Bank branches per 100,000 adults in Nigeria, 2004β2020
Source: Financial Access Survey (FAS), International Monetary Fund (IMF).
Analysis
The most recent figure for bank branches per 100,000 adults in Nigeria is 4.45, measured in 2020.
Compared with earlier readings it is down 7.1% on the previous year and down 32.3% over ten years.
Over the whole period, bank branches per 100,000 adults in Nigeria peaked at 6.56 in 2010 and was at its lowest, 3.78, in 2006.
That places Nigeria 148th out of 184 countries with data for 2020, putting it in the bottom quarter.
The long-run direction has been consistently falling across the 17 years of available data.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 5.1 | 3.78 | 6.48 | 6 |
| 2010s | 5.35 | 4.3 | 6.56 | 10 |
| 2020s | 4.45 | 4.45 | 4.45 | 1 |
Countries ranked near Nigeria
More financial sector data for Nigeria
- Net domestic credit (current LCU), per capita 296,323 current LCU per person (2022)
- Net domestic credit (current LCU), per unit of GDP 102.21 current LCU per US$ of GDP (2022)
- Net domestic credit (current LCU), annual growth rate 35.83 % change on previous year (2022)
- Gold reserves at 35 SDRs per ounce 24.13 million SDR (2025)
- Gold reserves at market value 2.20 billion SDR (2025)
- Reserves excluding gold, foreign exchange 28.09 billion SDR (2025)
- Reserves excluding gold 31.41 billion SDR (2025)
- Total reserves (gold at market value) 33.61 billion SDR (2025)
- Total reserves (gold at national valuation) 33.58 billion SDR (2025)
- Total reserves (gold at national valuation) (SDR), per capita 141.38 SDR per person (2025)
Frequently asked questions
- What is bank branches per 100,000 adults in Nigeria?
- Bank branches per 100,000 adults in Nigeria was 4.45 in 2020, according to Financial Access Survey (FAS), International Monetary Fund (IMF).
- What is the highest bank branches per 100,000 adults recorded in Nigeria?
- The highest recorded value was 6.56 in 2010.
- What is the lowest bank branches per 100,000 adults recorded in Nigeria?
- The lowest recorded value was 3.78 in 2006.
- How does Nigeria rank for bank branches per 100,000 adults?
- Nigeria ranks 148th out of 184 countries with data for 2020.
- Is bank branches per 100,000 adults rising or falling in Nigeria?
- Over the last ten years it is down 32.3%. The long-run trend across the full record is falling.
- Where does this Nigeria data come from?
- The figures come from Financial Access Survey (FAS), International Monetary Fund (IMF), published as part of Bank branches per 100,000 adults. Statizoid updates them automatically from the source API.
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About this data
For each country calculated as: 100,000*reported number of depositors/adult population in the reporting country.