Bank cost to income ratio in Nigeria
Nigeria: Bank cost to income ratio was 65.0% in 2021. ◆ Volatile
Bank cost to income ratio in Nigeria, 2000–2021
Source: Bankscope, Bureau van Dijk (BvD). Measured in %.
Analysis
In 2021, bank cost to income ratio in Nigeria stood at 65.0%.
The figure is up 6.2% on the previous year and down 2.8% over ten years.
Over the whole period, bank cost to income ratio in Nigeria peaked at 202.0% in 2010 and was at its lowest, 51.1%, in 2016.
That places Nigeria 32nd out of 169 countries with data for 2021, putting it in the top quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Bank cost to income ratio in Nigeria, year by year
| Year | % | Change |
|---|---|---|
| 2000 | 58.2% | — |
| 2001 | 59.6% | +2.3% |
| 2002 | 58.6% | -1.6% |
| 2003 | 68.5% | +17.0% |
| 2004 | 70.5% | +2.8% |
| 2005 | 65.4% | -7.2% |
| 2006 | 68.0% | +3.9% |
| 2007 | 62.5% | -8.1% |
| 2008 | 59.7% | -4.4% |
| 2009 | 184.5% | +208.8% |
| 2010 | 202.0% | +9.5% |
| 2011 | 66.9% | -66.9% |
| 2012 | 61.4% | -8.2% |
| 2013 | 63.8% | +3.9% |
| 2014 | 62.1% | -2.6% |
| 2015 | 59.5% | -4.1% |
| 2016 | 51.1% | -14.1% |
| 2017 | 51.9% | +1.5% |
| 2018 | 59.4% | +14.4% |
| 2019 | 61.0% | +2.6% |
| 2020 | 61.3% | +0.5% |
| 2021 | 65.0% | +6.2% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 75.5% | 58.2% | 184.5% | 10 |
| 2010s | 73.9% | 51.1% | 202.0% | 10 |
| 2020s | 63.2% | 61.3% | 65.0% | 2 |
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 cost to income ratio in Nigeria?
- Bank cost to income ratio in Nigeria was 65.0% in 2021, according to Bankscope, Bureau van Dijk (BvD).
- What is the highest bank cost to income ratio recorded in Nigeria?
- The highest recorded value was 202.0% in 2010.
- What is the lowest bank cost to income ratio recorded in Nigeria?
- The lowest recorded value was 51.1% in 2016.
- How does Nigeria rank for bank cost to income ratio?
- Nigeria ranks 32nd out of 169 countries with data for 2021.
- Is bank cost to income ratio rising or falling in Nigeria?
- Over the last ten years it is down 2.8%. The long-run trend across the full record is volatile.
- Where does this Nigeria data come from?
- The figures come from Bankscope, Bureau van Dijk (BvD), published as part of Bank cost to income ratio (%). Statizoid updates them automatically from the source API.
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About this data
Raw data are from Bankscope. Data2090 / (data2080 + data2085). All Numerator and denominator are first aggregated on the country level before division. Note that banks used in the calculation might differ between indicators. Calculated from underlying bank-by-bank unconsolidated data from Bankscope.