Commercial bank branches in Nigeria
Nigeria: Commercial bank branches was 3.28 per 100,000 adults in 2024. ▼ Falling
Commercial bank branches in Nigeria, 2004–2024
Source: IMF Financial Access Survey, via World Bank (2026) – processed by Our World in Data. Measured in per 100,000 adults.
Analysis
In 2024, commercial bank branches in Nigeria stood at 3.28 per 100,000 adults. That is the lowest value across all 21 years on record.
The figure is down 4.3% on the previous year and down 38.6% over ten years.
Over the whole period, commercial bank branches in Nigeria peaked at 6.29 per 100,000 adults in 2010 and was at its lowest, 3.28 per 100,000 adults, in 2024.
That places Nigeria 160th out of 184 countries with data for 2024, putting it in the bottom quarter.
The long-run direction has been consistently falling across the 21 years of available data.
Commercial bank branches in Nigeria, year by year
| Year | per 100,000 adults | Change |
|---|---|---|
| 2004 | 4.53 per 100,000 adults | — |
| 2005 | 4.02 per 100,000 adults | -11.1% |
| 2006 | 3.63 per 100,000 adults | -9.7% |
| 2007 | 5 per 100,000 adults | +37.6% |
| 2008 | 6.01 per 100,000 adults | +20.2% |
| 2009 | 6.21 per 100,000 adults | +3.4% |
| 2010 | 6.29 per 100,000 adults | +1.2% |
| 2011 | 6.12 per 100,000 adults | -2.6% |
| 2012 | 5.55 per 100,000 adults | -9.4% |
| 2013 | 5.63 per 100,000 adults | +1.4% |
| 2014 | 5.34 per 100,000 adults | -5.1% |
| 2015 | 4.75 per 100,000 adults | -11.1% |
| 2016 | 4.51 per 100,000 adults | -4.9% |
| 2017 | 4.22 per 100,000 adults | -6.5% |
| 2018 | 4.09 per 100,000 adults | -3.1% |
| 2019 | 4.55 per 100,000 adults | +11.3% |
| 2020 | 4.23 per 100,000 adults | -7.0% |
| 2021 | 4.08 per 100,000 adults | -3.7% |
| 2022 | 3.51 per 100,000 adults | -13.9% |
| 2023 | 3.43 per 100,000 adults | -2.3% |
| 2024 | 3.28 per 100,000 adults | -4.3% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 4.9 per 100,000 adults | 3.63 per 100,000 adults | 6.21 per 100,000 adults | 6 |
| 2010s | 5.1 per 100,000 adults | 4.09 per 100,000 adults | 6.29 per 100,000 adults | 10 |
| 2020s | 3.71 per 100,000 adults | 3.28 per 100,000 adults | 4.23 per 100,000 adults | 5 |
Countries ranked near Nigeria
More reference data data for Nigeria
- Emission Totals - Indirect emissions (N2O) - Manure applied to Soils 1.77 (2050)
- Emission Totals - Indirect emissions (N2O) - Manure left on Pasture 19.51 (2050)
- Emission Totals - Indirect emissions (N2O) - IPCC Agriculture 27 (2050)
- Emission Totals - Indirect emissions (N2O) - Crop Residues 2.62 (2050)
- Emission Totals - Indirect emissions (N2O) - Agricultural Soils 27 (2050)
- Emission Totals - Emissions (N2O) - Manure applied to Soils 5.94 (2050)
- Emission Totals - Emissions (N2O) - Manure Management 5.8 (2050)
- Emission Totals - Emissions (N2O) - Manure left on Pasture 81.9 (2050)
- Emission Totals - Emissions (N2O) - IPCC Agriculture 121.16 (2050)
- Emission Totals - Emissions (N2O) - Crop Residues 14.27 (2050)
Frequently asked questions
- What is commercial bank branches in Nigeria?
- Commercial bank branches in Nigeria was 3.28 per 100,000 adults in 2024, according to IMF Financial Access Survey, via World Bank (2026) – processed by Our World in Data.
- What is the highest commercial bank branches recorded in Nigeria?
- The highest recorded value was 6.29 per 100,000 adults in 2010.
- What is the lowest commercial bank branches recorded in Nigeria?
- The lowest recorded value was 3.28 per 100,000 adults in 2024.
- How does Nigeria rank for commercial bank branches?
- Nigeria ranks 160th out of 184 countries with data for 2024.
- Is commercial bank branches 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 IMF Financial Access Survey, via World Bank (2026) – processed by Our World in Data, published as part of Commercial bank branches. Statizoid updates them automatically from the source API.
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CSV · JSON — 21 observations, free to reuse under CC BY 4.0 (Our World in Data).
About this data
Number of commercial bank branches per 100,000 adults. Commercial bank branches are retail locations of resident commercial banks and other resident banks that function as commercial banks to provide financial services to customers.