Bank or similar financial institution account, older in Nigeria

Nigeria: Bank or similar financial institution account, older was 69.6% in 2024. ▲ Rising

Latest (2024)
69.6%
Change on year
up 37.2%
World rank
65th
of 106 countries
All-time high
69.6%
in 2024
All-time low
33.8%
in 2011
Years of data
5
2011–2024

Bank or similar financial institution account, older in Nigeria, 2011–2024

02040602011201720242011: 33.8 % age 25+2014: 48.5 % age 25+2017: 43.2 % age 25+2021: 50.7 % age 25+2024: 69.6 % age 25+

Source: World Bank. Measured in % age 25+.

Analysis

The most recent figure for bank or similar financial institution account, older in Nigeria is 69.6%, measured in 2024. That is the highest value across all 5 years on record.

Compared with earlier readings it is up 37.2% on the previous year and up 43.6% over ten years.

Over the whole period, bank or similar financial institution account, older in Nigeria peaked at 69.6% in 2024 and was at its lowest, 33.8%, in 2011.

Nigeria ranks 65th of 106 countries on this measure, in the middle of the range.

Bank or similar financial institution account, older in Nigeria, year by year

Annual values for Bank or similar financial institution account, older (% age 25+) in Nigeria, 2011 to 2024.
Year % age 25+ Change
2011 33.8%
2014 48.5% +43.4%
2017 43.2% -10.8%
2021 50.7% +17.4%
2024 69.6% +37.2%

Averages by decade

DecadeAverage LowestHighest Years
2010s 41.8% 33.8% 48.5% 3
2020s 60.2% 50.7% 69.6% 2

Countries ranked near Nigeria

  1. 62 Kosovo 72.0% compare
  2. 62 Kosovo (UNSCR 1244) 72.0% compare
  3. 64 Vietnam 69.7% compare
  4. 66 Romania 69.5% compare
  5. 67 Dominican Republic 68.7% compare
  6. 68 Nepal 67.2% compare

See the full ranking of 118 places →

More reference data data for Nigeria

All data for Nigeria →

Frequently asked questions

What is bank or similar financial institution account, older in Nigeria?
Bank or similar financial institution account, older in Nigeria was 69.6% in 2024, according to the World Bank.
What is the highest bank or similar financial institution account, older recorded in Nigeria?
The highest recorded value was 69.6% in 2024.
What is the lowest bank or similar financial institution account, older recorded in Nigeria?
The lowest recorded value was 33.8% in 2011.
How does Nigeria rank for bank or similar financial institution account, older?
Nigeria ranks 65th out of 106 countries with data for 2024.
Is bank or similar financial institution account, older rising or falling in Nigeria?
Over the last ten years it is up 43.6%. The long-run trend across the full record is rising.
Where does this Nigeria data come from?
The figures come from the World Bank, published as part of Bank or similar financial institution account, older (% age 25+). Statizoid updates them automatically from the source API.

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Bank or similar financial institution account, older in Nigeria. Statizoid. Retrieved 02 September 2026, from https://reference.statizoid.com/stat/bank-or-similar-financial-institution-account-older-percent-age-25/nigeria/

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About this data

Indicator
Bank or similar financial institution account, older (% age 25+)
Unit
% age 25+
Source
World Bank
Licence
CC BY 4.0 (World Bank Open Data)
Coverage
118 places, 590 data points, 2011–2024
Last refreshed