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Number of Banks in Nigeria

Last Updated: Jun 1, 2021

Number of banks reached 21.0 banks in 2018 in Nigeria, according to the National Central Bank. This is the same as in the previous year.

Historically, number of banks in Nigeria reached an all time high of 90.0 banks in 2001 and an all time low of banks in. When compared to Nigeria's main peers, number of banks in Benin amounted to 15.0 banks, 15.0 banks in Cameroon, 9.00 banks in Chad and 14.0 banks in Niger in 2018.

Nigeria has been ranked 83rd within the group of 156 countries we follow in terms of number of banks, 13 places behind the position seen 10 years ago.


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