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Bank Deposits (Local Currency) in Nigeria

Source: Central Bank of Nigeria, Nigeria Deposit Insurance Corporation (Data for commercial banks only), IMF
Last Updated: July 24, 2023

Bank deposits reached NGN 35,590 bil in third quarter of 2021 in Nigeria, according to the National Central Bank. This is 4.78% more than in the previous quarter.

Historically, bank deposits in Nigeria reached an all time high of NGN 35,590 bil in 3Q2021 and an all time low of NGN 10,624 bil in 2Q2010.

Nigeria has been ranked 11th within the group of 88 countries we follow in terms of bank deposits.

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