Bank Z-score in Nigeria
Nigeria: Bank Z-score was 12.19 in 2021. ▬ Flat
Bank Z-score in Nigeria, 2000–2021
Source: Bankscope, Bureau van Dijk (BvD).
Analysis
In 2021, bank z-score in Nigeria stood at 12.19. That is the lowest value across all 20 years on record.
The figure is down 10.5% on the previous year and down 18.7% over ten years.
Over the whole period, bank z-score in Nigeria peaked at 22.05 in 2007 and was at its lowest, 12.19, in 2021.
That places Nigeria 109th out of 170 countries with data for 2021, putting it in the middle of the range.
Bank Z-score in Nigeria, year by year
| Year | Value | Change |
|---|---|---|
| 2000 | 12.22 | — |
| 2001 | 13.13 | +7.5% |
| 2002 | 14.27 | +8.7% |
| 2003 | 13.79 | -3.3% |
| 2004 | 14.64 | +6.1% |
| 2005 | 20.31 | +38.8% |
| 2006 | 17.35 | -14.6% |
| 2007 | 22.05 | +27.1% |
| 2008 | 16.63 | -24.6% |
| 2011 | 15 | -9.8% |
| 2012 | 17.78 | +18.5% |
| 2013 | 16.29 | -8.4% |
| 2014 | 16.44 | +1.0% |
| 2015 | 16.78 | +2.1% |
| 2016 | 16.44 | -2.1% |
| 2017 | 18.37 | +11.7% |
| 2018 | 14.8 | -19.4% |
| 2019 | 15.38 | +3.9% |
| 2020 | 13.63 | -11.4% |
| 2021 | 12.19 | -10.5% |
Nigeria compared with similar countries
- Nigeria's 12.19 is below the median for lower middle income countries, which is 16.4, 74% of the median. (38 countries reporting)
- Nigeria's 12.19 is below the median for Sub-Saharan Africa, which is 13.99, 87% of the median. (40 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 16.04 | 12.22 | 22.05 | 9 |
| 2010s | 16.36 | 14.8 | 18.37 | 9 |
| 2020s | 12.91 | 12.19 | 13.63 | 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 z-score in Nigeria?
- Bank z-score in Nigeria was 12.19 in 2021, according to Bankscope, Bureau van Dijk (BvD).
- What is the highest bank z-score recorded in Nigeria?
- The highest recorded value was 22.05 in 2007.
- What is the lowest bank z-score recorded in Nigeria?
- The lowest recorded value was 12.19 in 2021.
- How does Nigeria rank for bank z-score?
- Nigeria ranks 109th out of 170 countries with data for 2021.
- Is bank z-score rising or falling in Nigeria?
- Over the last ten years it is down 18.7%. The long-run trend across the full record is flat.
- Where does this Nigeria data come from?
- The figures come from Bankscope, Bureau van Dijk (BvD), published as part of Bank Z-score. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 20 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
About this data
It captures the probability of default of a country's banking system. Z-score compares the buffer of a country's banking system (capitalization and returns) with the volatility of those returns. It is estimated as (ROA+(equity/assets))/sd(ROA); sd(ROA) is the standard deviation of ROA. ROA, equity, and assets are country-level aggregate figures Calculated from underlying bank-by-bank unconsolidated data from Bankscope.