Nigeria: Banking system concentration

* indicates monthly or quarterly data series
 Nigeria

Bank concentration: percent of bank assets held by top three banks

 Latest value 59.32
 Year 2021
 Measure percent
 Data availability 2000 - 2021
 Average 47.85
 Min - Max 23.32 - 84.72
 Source Bankscope
For that indicator, we provide data for Nigeria from 2000 to 2021. The average value for Nigeria during that period was 47.85 percent with a minimum of 23.32 percent in 2002 and a maximum of 84.72 percent in 2010. The latest value from 2021 is 59.32 percent. For comparison, the world average in 2021 based on 135 countries is 67.43 percent. See the global rankings for that indicator or use the country comparator to compare trends over time.
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* indicates monthly or quarterly data series


Recent values chart
Nigeria - Banking system concentration - Recent values chart

Historical chart
Nigeria - Banking system concentration - historical chart - 2000-2021




Definition: Raw data are from Bankscope. (Sum(data2025) for three largest banks in Bankscope) / (Sum(data2025) for all banks in Bankscope). Only reported if number of banks in Bankscope is 3 or more. Calculated from underlying bank-by-bank unconsolidated data from Bankscope.


 Related indicators Latest value Reference Measure
 ATMs per 100,000 adults 16.15 2021 ATMs per 100,000 adults
 Bank accounts per 1000 adults 1,310.39 2020 bank accounts
 Bank branches per 100,000 people 4.45 2020 bank branches
 Firms using credit to finance investment 6.90 2014 percent
 Small firms with bank credit 12.00 2014 percent
 Percent people with credit cards 1.61 2021 percent
 Percent people with debit cards 35.33 2021 percent
 Domestic credit to the private sector 12.13 2020 percent
 Bank credit to the private sector 12.94 2022 percent
 Liquid liabilities, percent of GDP 24.89 2021 percent
 Bank assets to GDP 16.40 2021 percent
 Financial system deposits, percent of GDP 21.83 2021 percent
 Bank credit to government 4.24 2020 percent
 Banking system concentration 59.32 2021 percent
 Foreign bank assets 19.00 2013 percent of total bank assets
 Percent people with bank accounts 45.14 2021 percent
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