Bank branches per 100,000 adults in Nigeria
Nigeria: Bank branches per 100,000 adults was 4.45 in 2020. ▼ Falling
Bank branches per 100,000 adults in Nigeria, 2004–2020
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 149th out of 185 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.
Bank branches per 100,000 adults in Nigeria, year by year
| Year | Value | Change |
|---|---|---|
| 2004 | 4.7 | — |
| 2005 | 4.18 | -11.1% |
| 2006 | 3.78 | -9.5% |
| 2007 | 5.21 | +37.8% |
| 2008 | 6.27 | +20.3% |
| 2009 | 6.48 | +3.4% |
| 2010 | 6.56 | +1.3% |
| 2011 | 6.41 | -2.4% |
| 2012 | 5.82 | -9.2% |
| 2013 | 5.9 | +1.5% |
| 2014 | 5.61 | -5.0% |
| 2015 | 4.98 | -11.2% |
| 2016 | 4.74 | -4.8% |
| 2017 | 4.44 | -6.4% |
| 2018 | 4.3 | -3.1% |
| 2019 | 4.78 | +11.2% |
| 2020 | 4.45 | -7.1% |
Nigeria compared with similar countries
- Nigeria's 4.45 is below the median for lower middle income countries, which is 6.45, 69% of the median. (46 countries reporting)
- Nigeria's 4.45 is above the median for Sub-Saharan Africa, which is 4.08, 1.1× the median. (46 countries reporting)
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
- 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 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 149th out of 185 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.