Bank return on equity (%, before tax) in Nigeria
Nigeria: Bank return on equity (%, before tax) was 12.6% in 2021. ▼ Falling
Bank return on equity in Nigeria, 2000–2021
Source: Bankscope, Bureau van Dijk (BvD). Measured in %, before tax.
Analysis
The most recent figure for bank return on equity in Nigeria is 12.6%, measured in 2021.
That represents a change of down 17.2% on the previous year and down 48.4% over ten years.
Over the whole period, bank return on equity in Nigeria peaked at 43.1% in 2001 and was at its lowest, 11.1%, in 2016.
Nigeria ranks 79th 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 (%, before tax) in Nigeria, year by year
| Year | %, before tax | Change |
|---|---|---|
| 2000 | 28.2% | — |
| 2001 | 43.1% | +52.7% |
| 2002 | 31.7% | -26.5% |
| 2003 | 21.6% | -31.9% |
| 2004 | 19.7% | -8.7% |
| 2005 | 16.2% | -17.6% |
| 2006 | 15.5% | -4.6% |
| 2007 | 18.8% | +21.6% |
| 2008 | 18.0% | -4.4% |
| 2012 | 24.5% | +36.0% |
| 2013 | 16.5% | -32.7% |
| 2014 | 16.8% | +1.8% |
| 2015 | 11.6% | -30.7% |
| 2016 | 11.1% | -5.0% |
| 2017 | 17.3% | +56.3% |
| 2018 | 18.1% | +4.5% |
| 2019 | 19.7% | +9.4% |
| 2020 | 15.3% | -22.7% |
| 2021 | 12.6% | -17.2% |
Nigeria compared with similar countries
- Nigeria's 12.6% is below the median for lower middle income countries, which is 14.9%, 85% of the median. (38 countries reporting)
- Nigeria's 12.6% is below the median for Sub-Saharan Africa, which is 20.8%, 61% of the median. (39 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 23.7% | 15.5% | 43.1% | 9 |
| 2010s | 16.9% | 11.1% | 24.5% | 8 |
| 2020s | 13.9% | 12.6% | 15.3% | 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 12.6% 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 43.1% in 2001.
- What is the lowest bank return on equity recorded in Nigeria?
- The lowest recorded value was 11.1% in 2016.
- How does Nigeria rank for bank return on equity?
- Nigeria ranks 79th 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 48.4%. 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 (%, before tax). Statizoid updates them automatically from the source API.
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About this data
Raw data are from Bankscope. Data10270[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.