Depositors with commercial banks in Nigeria
Nigeria: Depositors with commercial banks was 1,914 per 1,000 adults in 2024. ◆ Volatile
Depositors with commercial banks in Nigeria, 2007–2024
Source: Financial Access Survey, International Monetary Fund (IMF). Measured in per 1,000 adults.
Analysis
In 2024, depositors with commercial banks in Nigeria stood at 1,914 per 1,000 adults.
That represents a change of down 1.3% on the previous year and up 207.6% over ten years.
Over the whole period, depositors with commercial banks in Nigeria peaked at 1,940 per 1,000 adults in 2023 and was at its lowest, 284.28 per 1,000 adults, in 2007.
That places Nigeria 9th out of 104 countries with data for 2024, putting it in the top 10%.
The series is highly variable year to year, so single readings are best treated with caution.
Depositors with commercial banks in Nigeria, year by year
| Year | per 1,000 adults | Change |
|---|---|---|
| 2007 | 284.28 per 1,000 adults | — |
| 2008 | 299.07 per 1,000 adults | +5.2% |
| 2009 | 445.2 per 1,000 adults | +48.9% |
| 2010 | 452.67 per 1,000 adults | +1.7% |
| 2011 | 482.19 per 1,000 adults | +6.5% |
| 2012 | 614.67 per 1,000 adults | +27.5% |
| 2013 | 619.95 per 1,000 adults | +0.9% |
| 2014 | 622.37 per 1,000 adults | +0.4% |
| 2015 | 636.25 per 1,000 adults | +2.2% |
| 2016 | 774.93 per 1,000 adults | +21.8% |
| 2017 | 877.9 per 1,000 adults | +13.3% |
| 2018 | 963.85 per 1,000 adults | +9.8% |
| 2019 | 1,073 per 1,000 adults | +11.3% |
| 2020 | 1,248 per 1,000 adults | +16.3% |
| 2021 | 1,388 per 1,000 adults | +11.3% |
| 2022 | 1,727 per 1,000 adults | +24.4% |
| 2023 | 1,940 per 1,000 adults | +12.3% |
| 2024 | 1,914 per 1,000 adults | -1.3% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 342.85 per 1,000 adults | 284.28 per 1,000 adults | 445.2 per 1,000 adults | 3 |
| 2010s | 711.78 per 1,000 adults | 452.67 per 1,000 adults | 1,073 per 1,000 adults | 10 |
| 2020s | 1,643 per 1,000 adults | 1,248 per 1,000 adults | 1,940 per 1,000 adults | 5 |
Countries ranked near Nigeria
- 6 Costa Rica 1,958 per 1,000 adults compare
- 7 Azerbaijan 1,949 per 1,000 adults compare
- 8 Maldives 1,936 per 1,000 adults compare
- 10 Venezuela, Bolivarian Republic of 1,889 per 1,000 adults compare
- 11 Cape Verde 1,884 per 1,000 adults compare
- 12 Saudi Arabia 1,834 per 1,000 adults compare
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 depositors with commercial banks in Nigeria?
- Depositors with commercial banks in Nigeria was 1,914 per 1,000 adults in 2024, according to Financial Access Survey, International Monetary Fund (IMF).
- What is the highest depositors with commercial banks recorded in Nigeria?
- The highest recorded value was 1,940 per 1,000 adults in 2023.
- What is the lowest depositors with commercial banks recorded in Nigeria?
- The lowest recorded value was 284.28 per 1,000 adults in 2007.
- How does Nigeria rank for depositors with commercial banks?
- Nigeria ranks 9th out of 104 countries with data for 2024.
- Is depositors with commercial banks rising or falling in Nigeria?
- Over the last ten years it is up 207.6%. The long-run trend across the full record is volatile.
- Where does this Nigeria data come from?
- The figures come from Financial Access Survey, International Monetary Fund (IMF), published as part of Depositors with commercial banks (per 1,000 adults). Statizoid updates them automatically from the source API.
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About this data
Depositors with commercial banks are the reported number of deposit account holders, including both resident non-financial corporations (both public and private) and individuals from the household sector, at commercial banks within the reporting jurisdiction for every 1,000 adults. The major types of deposits are checking accounts, savings accounts, and time deposits.