Banking industry in Nigeria - statistics & facts
The banking industry in Nigeria is essential for its increasing provision of financial services, products, and access. There were around 90,500 bank employees in the country as of the fourth quarter of 2021. These employees directly or indirectly facilitate banking operations and introduce products to potential clients, including account opening, whether savings or current, and credit and debit card services. As of March 2025, the number of active bank accounts in the country amounted to over 320 million. To help ease access to banking services, there has been a growing trend in providing products and service locations. This includes new bank branch openings as well as an increasing number of automated teller machine (ATM) and Point-of-Sales (POS) terminal installations.
