Bank branches in Nigeria in 2024 — 3.28 per 100k. Ranked 140 in the world out of 153. Since 2004, the indicator has fallen by 27.5%.
2004–2024 · per 100,000 adults
How the value compares with the world and the groups this territory belongs to: Nigeria
| Year | per 100k | Change | Change, % |
|---|---|---|---|
| 2024 | 3.28 | −0.15 | −4.32% |
| 2023 | 3.43 | −0.08 | −2.27% |
| 2022 | 3.51 | −0.57 | −13.95% |
| 2021 | 4.08 | −0.16 | −3.69% |
| 2020 | 4.23 | −0.32 | −7% |
| 2019 | 4.55 | +0.46 | +11.29% |
| 2018 | 4.09 | −0.13 | −3.06% |
| 2017 | 4.22 | −0.3 | −6.54% |
| 2016 | 4.51 | −0.23 | −4.9% |
| 2015 | 4.75 | −0.59 | −11.11% |
| 2014 | 5.34 | −0.28 | −5.05% |
| 2013 | 5.63 | +0.08 | +1.39% |
| 2012 | 5.55 | −0.58 | −9.41% |
| 2011 | 6.12 | −0.16 | −2.59% |
| 2010 | 6.29 | +0.07 | +1.19% |
| 2009 | 6.21 | +0.2 | +3.36% |
| 2008 | 6.01 | +1.01 | +20.21% |
| 2007 | 5 | +1.37 | +37.61% |
| 2006 | 3.63 | −0.39 | −9.65% |
| 2005 | 4.02 | −0.5 | −11.14% |
| 2004 | 4.53 | — | — |
The same indicator for neighboring countries — with links to their pages
The number of commercial bank branches per 100,000 adults. The indicator was conceived as a measure of access to financial services, but it now calls for care in reading: in countries where banking has moved onto the phone, branches are closing, and a falling value means not a loss of access but a change in its form. The clearest case is Kenya and other countries of East Africa, where mobile money reached the population bypassing branches altogether.
Important: A measure of the physical presence of banks, not of access to financial services. Where mobile payments are widespread, a low value does not indicate financial exclusion.
Source: World Development Indicators (World Bank), license CC BY 4.0.
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