Bank return on equity (%, after tax) in Nigeria
Nigeria: Bank return on equity (%, after tax) was 11.8% in 2021. ▼ Falling
Bank return on equity in Nigeria, 2000–2021
Source: Bankscope, Bureau van Dijk (BvD). Measured in %, after tax.
Analysis
The most recent figure for bank return on equity in Nigeria is 11.8%, measured in 2021.
The figure is down 17.3% on the previous year and down 47.8% over ten years.
Over the whole period, bank return on equity in Nigeria peaked at 34.1% in 2001 and was at its lowest, 9.1%, in 2016.
Nigeria ranks 61st of 168 countries on this measure, in the middle of the range.
The long-run direction has been consistently falling across the 19 years of available data.
Bank return on equity (%, after tax) in Nigeria, year by year
| Year | %, after tax | Change |
|---|---|---|
| 2000 | 25.2% | — |
| 2001 | 34.1% | +35.4% |
| 2002 | 22.8% | -33.1% |
| 2003 | 15.7% | -31.0% |
| 2004 | 16.8% | +6.9% |
| 2005 | 13.8% | -17.9% |
| 2006 | 10.7% | -22.3% |
| 2007 | 14.9% | +39.0% |
| 2008 | 13.1% | -11.9% |
| 2012 | 22.6% | +72.3% |
| 2013 | 14.6% | -35.5% |
| 2014 | 15.0% | +3.0% |
| 2015 | 10.1% | -32.8% |
| 2016 | 9.1% | -9.4% |
| 2017 | 15.1% | +65.5% |
| 2018 | 16.0% | +5.7% |
| 2019 | 17.7% | +10.5% |
| 2020 | 14.3% | -19.2% |
| 2021 | 11.8% | -17.3% |
Nigeria compared with similar countries
- Nigeria's 11.8% is above the median for lower middle income countries, which is 11.2%, 1.1× the median. (38 countries reporting)
- Nigeria's 11.8% is below the median for Sub-Saharan Africa, which is 15.7%, 75% of the median. (39 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 18.6% | 10.7% | 34.1% | 9 |
| 2010s | 15.0% | 9.1% | 22.6% | 8 |
| 2020s | 13.1% | 11.8% | 14.3% | 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 return on equity in Nigeria?
- Bank return on equity in Nigeria was 11.8% in 2021, according to Bankscope, Bureau van Dijk (BvD).
- What is the highest bank return on equity recorded in Nigeria?
- The highest recorded value was 34.1% in 2001.
- What is the lowest bank return on equity recorded in Nigeria?
- The lowest recorded value was 9.1% in 2016.
- How does Nigeria rank for bank return on equity?
- Nigeria ranks 61st out of 168 countries with data for 2021.
- Is bank return on equity rising or falling in Nigeria?
- Over the last ten years it is down 47.8%. The long-run trend across the full record is falling.
- Where does this Nigeria data come from?
- The figures come from Bankscope, Bureau van Dijk (BvD), published as part of Bank return on equity (%, after tax). Statizoid updates them automatically from the source API.
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About this data
Raw data are from Bankscope. Data2115[t] / ((data2055[t] + data2055[t-1])/2). 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.