Nigerian Banks Close 592 Branches from 2014 to 2025

Between 2014 and 2025, Deposit Money Banks (DMBs) in Nigeria closed 592 branches, decreasing the total from 5,526 to 4,934. This contraction affected 27 states, with Oyo State experiencing the largest decline from 347 branches in 2014 to 196 in 2025.

Conversely, Lagos saw a slight increase from 1,442 to 1,444 branches, and Ogun increased from 137 to 181 branches. In the South East, Enugu's branches fell from 158 to 118, while Abia decreased from 144 to 117.

The South South region saw Cross River decline from 79 to 47 branches, while Delta increased from 178 to 196. In the North Central, Abuja's branches fell from 380 to 362, but Benue increased from 47 to 61.

The North East saw Borno decline from 80 to 56, while Adamawa increased from 47 to 59. In the North West, Kano dropped from 174 to 157, while Sokoto increased from 43 to 45 branches.

The data is derived from the Central Bank of Nigeria’s Statistical Bulletin.