Bank liquid reserves to bank assets ratio in Nigeria
Nigeria: Bank liquid reserves to bank assets ratio was 54.9% in 2023. ◆ Volatile
Bank liquid reserves to bank assets ratio in Nigeria, 2001–2023
Source: International Financial Statistics database, International Monetary Fund (IMF). Measured in %.
Analysis
Nigeria recorded 54.9% for bank liquid reserves to bank assets ratio in 2023.
That represents a change of down 13.2% on the previous year and up 68.9% over ten years.
Over the whole period, bank liquid reserves to bank assets ratio in Nigeria peaked at 69.1% in 2020 and was at its lowest, 5.8%, in 2009.
That places Nigeria 14th out of 152 countries with data for 2023, putting it in the top 10%.
The series is highly variable year to year, so single readings are best treated with caution.
Bank liquid reserves to bank assets ratio in Nigeria, year by year
| Year | % | Change |
|---|---|---|
| 2001 | 22.9% | — |
| 2002 | 22.8% | -0.8% |
| 2003 | 20.7% | -9.2% |
| 2004 | 17.3% | -16.3% |
| 2005 | 20.2% | +16.7% |
| 2006 | 14.1% | -30.3% |
| 2007 | 22.3% | +58.3% |
| 2008 | 12.9% | -42.0% |
| 2009 | 5.8% | -54.9% |
| 2010 | 7.8% | +33.8% |
| 2011 | 18.1% | +131.7% |
| 2012 | 17.2% | -4.8% |
| 2013 | 32.5% | +88.8% |
| 2014 | 36.0% | +10.8% |
| 2015 | 33.8% | -6.2% |
| 2016 | 26.8% | -20.5% |
| 2017 | 40.4% | +50.4% |
| 2018 | 52.7% | +30.6% |
| 2019 | 55.2% | +4.6% |
| 2020 | 69.1% | +25.2% |
| 2021 | 64.5% | -6.5% |
| 2022 | 63.2% | -2.0% |
| 2023 | 54.9% | -13.2% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 17.7% | 5.8% | 22.9% | 9 |
| 2010s | 32.0% | 7.8% | 55.2% | 10 |
| 2020s | 62.9% | 54.9% | 69.1% | 4 |
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 liquid reserves to bank assets ratio in Nigeria?
- Bank liquid reserves to bank assets ratio in Nigeria was 54.9% in 2023, according to International Financial Statistics database, International Monetary Fund (IMF).
- What is the highest bank liquid reserves to bank assets ratio recorded in Nigeria?
- The highest recorded value was 69.1% in 2020.
- What is the lowest bank liquid reserves to bank assets ratio recorded in Nigeria?
- The lowest recorded value was 5.8% in 2009.
- How does Nigeria rank for bank liquid reserves to bank assets ratio?
- Nigeria ranks 14th out of 152 countries with data for 2023.
- Is bank liquid reserves to bank assets ratio rising or falling in Nigeria?
- Over the last ten years it is up 68.9%. The long-run trend across the full record is volatile.
- Where does this Nigeria data come from?
- The figures come from International Financial Statistics database, International Monetary Fund (IMF), published as part of Bank liquid reserves to bank assets ratio (%). Statizoid updates them automatically from the source API.
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About this data
Ratio of bank liquid reserves to bank assets is the ratio of domestic currency holdings and deposits with the monetary authorities to claims on other governments, nonfinancial public enterprises, the private sector, and other banking institutions. This indicator is expressed as a percentage (a÷b)*100.