Nigeria Banking Sector Concentration (Top-5 Banks Asset Share) (2021)
Nigeria's Banking Sector Concentration (Top-5 Banks Asset Share): 59.3 % of total commercial banking assets in 2021, +14.7pp YoY. World Bank (GFDD.OI.01),…
Nigeria (2021)
59.3
% of total commercial banking assets
+14.7pp YoY
YoY Change
+14.7pp
percentage points
Trend
up
Series length
22
years of data
Data
| Year | % of total commercial banking assets | YoY Change |
|---|---|---|
| 2021 | 59.3 | +14.7pp |
| 2020 | 44.6 | +0.5pp |
| 2019 | 44.1 | +4.1pp |
| 2018 | 40 | -1.2pp |
| 2017 | 41.2 | +0.7pp |
| 2016 | 40.5 | +2.9pp |
| 2015 | 37.7 | -2.4pp |
| 2014 | 40 | -0pp |
| 2013 | 40.1 | +1pp |
| 2012 | 39.1 | -6.2pp |
| 2011 | 45.3 | -39.5pp |
| 2010 | 84.7 | +6.7pp |
| 2009 | 78 | -0.2pp |
| 2008 | 78.3 | +2.2pp |
| 2007 | 76 | +5pp |
| 2006 | 71.1 | +12.1pp |
| 2005 | 59 | +22.9pp |
| 2004 | 36.1 | +12.7pp |
| 2003 | 23.4 | +0.1pp |
| 2002 | 23.3 | n/a |
About this Dataset
Nigeria recorded 59.3 % of total commercial banking assets in 2021. The most recent year-on-year change was +14.7pp. The historical series (2000–2021) shows a peak of 84.7 in 2010 and a trough of 23.3 in 2002.
Data sourced from World Bank Open Data API. Values use World Bank standardised methodology ensuring cross-country comparability.
The chart above shows the full historical trend; the table below lists annual values with year-on-year changes.
Frequently Asked Questions
This indicator tracks nigeria banking sector concentration (top-5 banks asset share) in Nigeria, published by World Bank. Data covers 2000–2021 at annual frequency using harmonised methodology.
The most recent observation covers 2021. World Bank typically publishes this series with a lag of several months after the reference period. Data is updated annual.
The series peaked at 84.7 % of total commercial banking assets in 2010 and reached its lowest recorded value of 23.3 in 2002. The latest reading of 59.3 in 2021 represents a year-on-year change of +14.7pp.