Market capitalization of listed domestic companies in Nigeria
Nigeria: Market capitalization of listed domestic companies was 86.94 billion current US$ in 2025. ◆ Volatile
Market capitalization of listed domestic companies in Nigeria, 1993–2025
Source: World Federation of Exchanges database, World Federation of Exchanges (WFE). Measured in current US$.
Analysis
The most recent figure for market capitalization of listed domestic companies in Nigeria is 86.94 billion current US$, measured in 2025. That is the highest value across all 30 years on record.
The figure is up 59.8% on the previous year and up 74.0% over ten years.
Over the whole period, market capitalization of listed domestic companies in Nigeria peaked at 86.94 billion current US$ in 2025 and was at its lowest, 2.14 billion current US$, in 1993.
Nigeria ranks 47th of 99 countries on this measure, in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Market capitalization of listed domestic companies in Nigeria, year by year
| Year | current US$ | Change |
|---|---|---|
| 1993 | 2.14 billion current US$ | — |
| 1994 | 2.98 billion current US$ | +39.0% |
| 1995 | 7.78 billion current US$ | +161.2% |
| 1996 | 12.71 billion current US$ | +63.5% |
| 1997 | 12.56 billion current US$ | -1.2% |
| 1998 | 10.32 billion current US$ | -17.8% |
| 1999 | 2.94 billion current US$ | -71.5% |
| 2002 | 2.37 billion current US$ | -19.2% |
| 2004 | 15.87 billion current US$ | +568.3% |
| 2005 | 22.24 billion current US$ | +40.2% |
| 2006 | 32.83 billion current US$ | +47.6% |
| 2007 | 84.89 billion current US$ | +158.6% |
| 2008 | 48.06 billion current US$ | -43.4% |
| 2009 | 32.22 billion current US$ | -33.0% |
| 2010 | 50.55 billion current US$ | +56.9% |
| 2011 | 39.03 billion current US$ | -22.8% |
| 2012 | 56.21 billion current US$ | +44.0% |
| 2013 | 80.61 billion current US$ | +43.4% |
| 2014 | 62.77 billion current US$ | -22.1% |
| 2015 | 49.97 billion current US$ | -20.4% |
| 2016 | 29.79 billion current US$ | -40.4% |
| 2017 | 37.22 billion current US$ | +24.9% |
| 2018 | 31.52 billion current US$ | -15.3% |
| 2019 | 43.92 billion current US$ | +39.3% |
| 2020 | 55.24 billion current US$ | +25.8% |
| 2021 | 54.23 billion current US$ | -1.8% |
| 2022 | 62.38 billion current US$ | +15.0% |
| 2023 | 46.45 billion current US$ | -25.5% |
| 2024 | 54.40 billion current US$ | +17.1% |
| 2025 | 86.94 billion current US$ | +59.8% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 7.35 billion current US$ | 2.14 billion current US$ | 12.71 billion current US$ | 7 |
| 2000s | 34.07 billion current US$ | 2.37 billion current US$ | 84.89 billion current US$ | 7 |
| 2010s | 48.16 billion current US$ | 29.79 billion current US$ | 80.61 billion current US$ | 10 |
| 2020s | 59.94 billion current US$ | 46.45 billion current US$ | 86.94 billion current US$ | 6 |
Countries ranked near Nigeria
More financial sector data for Nigeria
- Reserve position in the IMF, US dollar, annual growth rate 5.01 % change on previous year (2025)
- Reserve position in the IMF, US dollar, per unit of GDP 0.0008 units per US$ of GDP (2025)
- Reserve position in the IMF, US dollar, per capita 1.01 units per person (2025)
- Reserve position in the IMF, SDR, annual growth rate 0 % change on previous year (2025)
- Reserve position in the IMF, SDR, per unit of GDP 0.0006 units per US$ of GDP (2025)
- Reserve position in the IMF, SDR, per capita 0.7387 units per person (2025)
- Reserve tranche position, US dollar, annual growth rate 5.01 % change on previous year (2025)
- Reserve tranche position, US dollar, per unit of GDP 0.0008 units per US$ of GDP (2025)
- Reserve tranche position, US dollar, per capita 1.01 units per person (2025)
- Reserve tranche position, SDR, annual growth rate 0 % change on previous year (2025)
Frequently asked questions
- What is market capitalization of listed domestic companies in Nigeria?
- Market capitalization of listed domestic companies in Nigeria was 86.94 billion current US$ in 2025, according to World Federation of Exchanges database, World Federation of Exchanges (WFE).
- What is the highest market capitalization of listed domestic companies recorded in Nigeria?
- The highest recorded value was 86.94 billion current US$ in 2025.
- What is the lowest market capitalization of listed domestic companies recorded in Nigeria?
- The lowest recorded value was 2.14 billion current US$ in 1993.
- How does Nigeria rank for market capitalization of listed domestic companies?
- Nigeria ranks 47th out of 99 countries with data for 2025.
- Is market capitalization of listed domestic companies rising or falling in Nigeria?
- Over the last ten years it is up 74.0%. The long-run trend across the full record is volatile.
- Where does this Nigeria data come from?
- The figures come from World Federation of Exchanges database, World Federation of Exchanges (WFE), published as part of Market capitalization of listed domestic companies (current US$). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 30 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
About this data
Market capitalization (also known as market value) is the share price times the number of shares outstanding (including their several classes) for listed domestic companies. Investment funds, unit trusts, and companies whose only business goal is to hold shares of other listed companies are excluded. Data are end of year values converted to U.S. dollars using corresponding year-end foreign exchange rates.