Nigeria Bank Concentration (Top-3 Banks Asset Share) (2021)
Nigeria's Bank Concentration (Top-3 Banks Asset Share): 59.3 % of total commercial banking assets in 2021, +14.7pp YoY. World Bank (GFDD.OI.01), 2000–2021.
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 | unchanged |
| 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 | -0.2pp |
About this Dataset
Nigeria recorded 59.3 % of total commercial banking assets in 2021. The latest change was +14.7pp. Across 2000–2021 the series ranges from 23.3 in 2002 to 84.7 in 2010.
This page tracks the share of total commercial banking assets held by the three largest commercial banks in Nigeria from 2000 to present. Bank concentration shapes competition, systemic risk, and pricing power.
Data sourced from World Bank via Open Data API. The series is World Bank indicator GFDD.OI.01, “Bank concentration (%)” — the asset share of the three largest commercial banks.
Frequently Asked Questions
This page tracks the share of total commercial banking assets held by the three largest commercial banks in Nigeria from 2000 to present. Bank concentration shapes competition, systemic risk, and pricing power. It is published by World Bank and updated annually.
The most recent observation covers 2021. World Bank typically publishes this series with a lag of several months after the reference period. The series runs 2000–2021 (22 observations).
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 change of +14.7pp.