Bank Depositors Statistics in Nigeria (2026)
In 2022, commercial bank depositors in Nigeria stood at 1,797.1 per 1,000 adults, according to World Bank World Development Indicators data. Up from 1,444.2 per 1,000 adults in 2021 to 1,797.1 per 1,000 adults in 2022. Nigeria ranks #3 of 35 economies in Sub-Saharan Africa on this measure, and #10 of 95 globally.
Key Statistics
- Latest value (2022)
- 1,797.1 per 1,000 adults (2022)
- Bank Depositors in Nigeria as of 2022, the most recent observation in World Bank World Development Indicators data.
- Change since 2021
- +24.4% (2022)
- Up from 1,444.2 per 1,000 adults in 2021 to 1,797.1 per 1,000 adults in 2022.
- CAGR 2007–2022
- +12.9% per year (2022)
- Compound annual growth rate from 292.8 per 1,000 adults in 2007 to 1,797.1 per 1,000 adults in 2022.
- Earliest value in this dataset (2007)
- 292.8 per 1,000 adults (2007)
- Earliest observation in this dataset, which covers 1990 onward (the source series may begin earlier). Up from 292.8 per 1,000 adults in 2007 to 1,797.1 per 1,000 adults in 2022.
- Record high (2022)
- 1,797.1 per 1,000 adults (2022)
- The 2022 value is the highest in the available World Bank World Development Indicators series for Nigeria.
- Rank in Sub-Saharan Africa
- #3 of 35 (2022)
- Nigeria ranks 3 of 35 countries in Sub-Saharan Africa with data, based on each country's latest value.
- Global rank
- #10 of 95 (2022)
- Nigeria ranks 10 of 95 countries with data globally.
- Sub-Saharan Africa average
- 534.5 per 1,000 adults (2022)
- Nigeria (1,797.1 per 1,000 adults) is above the average of 534.5 per 1,000 adults across the 35 countries in Sub-Saharan Africa with data.
- Projected 2026 value
- 3,143.1 per 1,000 adults (2026)
- Projection applies a capped growth rate of 15%/yr — the observed 7-year trend (15.4%/yr) exceeds our ±15%/yr cap; not an official figure.
- Number of depositors with commercial banks per 1,000 adults (2024)
- 1,914.5 per 1,000 adults (2024)
- Related indicator from IMF Financial Access Survey (alternative source for cross-checking; not merged with the main series).
- Internet use in Nigeria (2024)
- 41.2% (2024)
- 41.2% of the population in Nigeria used the internet in 2024 (World Bank); shown for context only.
- Population (2024)
- 232.7 million (2024)
- Nigeria had a population of 232.7 million in 2024 (World Bank); shown for scale only.
Trend, 2007–2022
| Year | per 1,000 adults | Change |
|---|---|---|
| 2022 | 1,797 | +24.4% |
| 2021 | 1,444 | +11.3% |
| 2020 | 1,297 | +16.3% |
| 2019 | 1,115 | +11.4% |
| 2018 | 1,001 | +9.8% |
| 2017 | 912 | +13.4% |
| 2016 | 804 | +21.9% |
| 2015 | 659 | +2.3% |
| 2014 | 644 | +0.5% |
| 2013 | 642 | +0.9% |
| 2012 | 636 | +27.6% |
| 2011 | 498 | +6.6% |
| 2010 | 467 | +1.8% |
| 2009 | 459 | +49.0% |
| 2008 | 308 | +5.3% |
| 2007 | 293 | — |
Frequently asked questions
What is the latest figure for commercial bank depositors in Nigeria?
Commercial bank depositors in Nigeria stood at 1,797.1 per 1,000 adults in 2022, according to World Bank World Development Indicators data.
How does Nigeria compare with other countries in Sub-Saharan Africa?
Nigeria ranks 3 of 35 countries in Sub-Saharan Africa with data, with 1,797.1 per 1,000 adults versus a regional average of 534.5 per 1,000 adults (latest values per country).
Where does Nigeria rank globally on bank depositors?
Nigeria ranks 10 of 95 countries with data globally, based on the latest World Bank World Development Indicators value for each country.
What could bank depositors in Nigeria look like in 2026?
A trend-based projection puts it at 3,143.1 per 1,000 adults in 2026. Projection applies a capped growth rate of 15%/yr — the observed 7-year trend (15.4%/yr) exceeds our ±15%/yr cap; not an official figure.
How recent is the bank depositors data for Nigeria?
The most recent observation is from 2022. World Bank World Development Indicators data is reported with a lag, so 2022 is the latest available year for Nigeria.
Source & methodology
Source: World Bank, World Development Indicators, indicator
FB.CBK.DPTR.P3, retrieved .
Figures are shown exactly as published in the source dataset; only the change column of the trend table is computed from adjacent published values.Read more on the methodology page. All figures are estimates and projections; this is not financial advice.
Last updated .