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% |
Nigeria compared with similar countries
- Nigeria's 65.0% is above the median for lower middle income countries, which is 53.9%, 1.2× the median. (38 countries reporting)
- Nigeria's 65.0% is above the median for Sub-Saharan Africa, which is 55.5%, 1.2× the median. (40 countries reporting)
Biggest year-on-year movements
Years where Bank cost to income ratio (%) 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 |
|---|---|---|---|
| 2009 | +208.8% | 59.7% | 184.5% |
| 2011 | -66.9% | 202.0% | 66.9% |
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
- 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 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.