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% |
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
- Net domestic credit (current LCU), per capita 296,323 current LCU per person (2022)
- Net domestic credit (current LCU), per unit of GDP 102.21 current LCU per US$ of GDP (2022)
- Net domestic credit (current LCU), annual growth rate 35.83 % change on previous year (2022)
- Gold reserves at 35 SDRs per ounce 24.13 million SDR (2025)
- Gold reserves at market value 2.20 billion SDR (2025)
- Reserves excluding gold, foreign exchange 28.09 billion SDR (2025)
- Reserves excluding gold 31.41 billion SDR (2025)
- Total reserves (gold at market value) 33.61 billion SDR (2025)
- Total reserves (gold at national valuation) 33.58 billion SDR (2025)
- Total reserves (gold at national valuation) (SDR), per capita 141.38 SDR per person (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.
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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.