Foreign bank assets among total bank assets (%) in Nigeria
Nigeria: Foreign bank assets among total bank assets (%) was 19.0% in 2013. ◆ Volatile
Foreign bank assets among total bank assets in Nigeria, 2006–2013
Source: Stijn Claessens and Neeltje van Horen, 2012. "Foreign Banks: Trends, Impact and Financial Stability" IMF Working Paper, WP/12/10. Measured in %.
Analysis
The most recent figure for foreign bank assets among total bank assets in Nigeria is 19.0%, measured in 2013.
The figure is down 5.0% on the previous year and up 171.4% over ten years.
That places Nigeria 74th out of 128 countries with data for 2013, putting it in the middle of the range.
Foreign bank assets among total bank assets (%) in Nigeria, year by year
| Year | % | Change |
|---|---|---|
| 2006 | 7.0% | — |
| 2007 | 6.0% | -14.3% |
| 2008 | 4.0% | -33.3% |
| 2009 | 5.0% | +25.0% |
| 2010 | 14.0% | +180.0% |
| 2011 | 17.0% | +21.4% |
| 2012 | 20.0% | +17.6% |
| 2013 | 19.0% | -5.0% |
Nigeria compared with similar countries
- Nigeria's 19.0% is below the median for lower middle income countries, which is 39.0%, 49% of the median. (27 countries reporting)
- Nigeria's 19.0% is below the median for Sub-Saharan Africa, which is 63.0%, 30% of the median. (26 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 5.5% | 4.0% | 7.0% | 4 |
| 2010s | 17.5% | 14.0% | 20.0% | 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 foreign bank assets among total bank assets in Nigeria?
- Foreign bank assets among total bank assets in Nigeria was 19.0% in 2013, according to Stijn Claessens and Neeltje van Horen, 2012. "Foreign Banks: Trends, Impact and Financial Stability" IMF Working Paper, WP/12/10.
- What is the highest foreign bank assets among total bank assets recorded in Nigeria?
- The highest recorded value was 20.0% in 2012.
- What is the lowest foreign bank assets among total bank assets recorded in Nigeria?
- The lowest recorded value was 4.0% in 2008.
- How does Nigeria rank for foreign bank assets among total bank assets?
- Nigeria ranks 74th out of 128 countries with data for 2013.
- Is foreign bank assets among total bank assets rising or falling in Nigeria?
- Over the last ten years it is up 171.4%. The long-run trend across the full record is volatile.
- Where does this Nigeria data come from?
- The figures come from Stijn Claessens and Neeltje van Horen, 2012. "Foreign Banks: Trends, Impact and Financial Stability" IMF Working Paper, WP/12/10, published as part of Foreign bank assets among total bank assets (%). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 8 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
About this data
Percentage of the total banking assets that are held by foreign banks. A foreign bank is a bank where 50 percent or more of its shares are owned by foreigners.