Number of commercial bank branches per 100,000 adults in Nigeria
Nigeria: Number of commercial bank branches per 100,000 adults was 3.28 per 100,000 people in 2024. ▼ Falling
Latest (2024)
3.28 per 100,000 people
Change on year
down 4.3%
World rank
168th
of 194 countries
All-time high
6.29 per 100,000 people
in 2010
All-time low
3.28 per 100,000 people
in 2024
Years of data
21
2004–2024
Number of commercial bank branches per 100,000 adults in Nigeria, 2004–2024
Source: United Nations Statistics Division, SDG Global Database. Measured in per 100,000 people.
Analysis
In 2024, number of commercial bank branches per 100,000 adults in Nigeria stood at 3.28 per 100,000 people. That is the lowest value across all 21 years on record.
Compared with earlier readings it is down 4.3% on the previous year and down 38.6% over ten years.
Over the whole period, number of commercial bank branches per 100,000 adults in Nigeria peaked at 6.29 per 100,000 people in 2010 and was at its lowest, 3.28 per 100,000 people, in 2024.
Nigeria ranks 168th of 194 countries on this measure, in the bottom quarter.
The long-run direction has been consistently falling across the 21 years of available data.
Number of commercial bank branches per 100,000 adults in Nigeria, year by year
| Year | per 100,000 people | Change |
|---|---|---|
| 2004 | 4.53 per 100,000 people | — |
| 2005 | 4.02 per 100,000 people | -11.1% |
| 2006 | 3.63 per 100,000 people | -9.7% |
| 2007 | 5 per 100,000 people | +37.6% |
| 2008 | 6.01 per 100,000 people | +20.2% |
| 2009 | 6.21 per 100,000 people | +3.4% |
| 2010 | 6.29 per 100,000 people | +1.2% |
| 2011 | 6.12 per 100,000 people | -2.6% |
| 2012 | 5.55 per 100,000 people | -9.4% |
| 2013 | 5.63 per 100,000 people | +1.4% |
| 2014 | 5.34 per 100,000 people | -5.1% |
| 2015 | 4.75 per 100,000 people | -11.1% |
| 2016 | 4.51 per 100,000 people | -4.9% |
| 2017 | 4.22 per 100,000 people | -6.5% |
| 2018 | 4.09 per 100,000 people | -3.1% |
| 2019 | 4.55 per 100,000 people | +11.3% |
| 2020 | 4.23 per 100,000 people | -7.0% |
| 2021 | 4.08 per 100,000 people | -3.7% |
| 2022 | 3.51 per 100,000 people | -13.9% |
| 2023 | 3.43 per 100,000 people | -2.3% |
| 2024 | 3.28 per 100,000 people | -4.3% |
Nigeria compared with similar countries
- Nigeria's 3.28 per 100,000 people is below the median for lower middle income countries, which is 5.96 per 100,000 people, 55% of the median. (42 countries reporting)
- Nigeria's 3.28 per 100,000 people is below the median for Sub-Saharan Africa, which is 4.01 per 100,000 people, 82% of the median. (43 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 4.9 per 100,000 people | 3.63 per 100,000 people | 6.21 per 100,000 people | 6 |
| 2010s | 5.1 per 100,000 people | 4.09 per 100,000 people | 6.29 per 100,000 people | 10 |
| 2020s | 3.71 per 100,000 people | 3.28 per 100,000 people | 4.23 per 100,000 people | 5 |
Countries ranked near Nigeria
- 165 Mozambique 3.49 per 100,000 people compare
- 166 Solomon Islands 3.49 per 100,000 people compare
- 167 Iraq 3.33 per 100,000 people compare
- 169 Sudan 3.26 per 100,000 people compare
- 170 Burundi 3.24 per 100,000 people compare
- 171 Viet Nam 3.1 per 100,000 people compare
- 171 Vietnam 3.1 per 100,000 people compare
More development goals data for Nigeria
- Red List Index 0.9147 index (2025)
- Number of refugees per 100,000 population, by country of origin 201.98 per 100,000 people (2025)
- Manufacturing value added per capita 238.4 constant US$ (2025)
- Number of transboundary breeds 22 (2025)
- Number of transboundary breeds (not extinct) 21 (2025)
- Number of transboundary breeds with unknown risk status 21 (2025)
- Number of local breeds with unknown risk status 19 (2025)
- Number of local breeds (not extinct) 19 (2025)
- Number of local breeds kept in the country 20 (2025)
- Infant deaths 519,644 (2024)
Frequently asked questions
- What is number of commercial bank branches per 100,000 adults in Nigeria?
- Number of commercial bank branches per 100,000 adults in Nigeria was 3.28 per 100,000 people in 2024, according to United Nations Statistics Division, SDG Global Database.
- What is the highest number of commercial bank branches per 100,000 adults recorded in Nigeria?
- The highest recorded value was 6.29 per 100,000 people in 2010.
- What is the lowest number of commercial bank branches per 100,000 adults recorded in Nigeria?
- The lowest recorded value was 3.28 per 100,000 people in 2024.
- How does Nigeria rank for number of commercial bank branches per 100,000 adults?
- Nigeria ranks 168th out of 194 countries with data for 2024.
- Is number of commercial bank branches per 100,000 adults rising or falling in Nigeria?
- Over the last ten years it is down 38.6%. The long-run trend across the full record is falling.
- Where does this Nigeria data come from?
- The figures come from United Nations Statistics Division, SDG Global Database, published as part of Number of commercial bank branches per 100,000 adults. Statizoid updates them automatically from the source API.
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CSV · JSON — 21 observations, free to reuse under UN SDG Global Database (open, attribution requested).