Stock market return in Nigeria
Nigeria: Stock market return was 47.6% in 2021. ◆ Volatile
Stock market return in Nigeria, 1999–2021
Source: Bloomberg. Measured in %, year-on-year.
Analysis
In 2021, stock market return in Nigeria stood at 47.6%.
That represents a change of up 884.1% on the previous year and up 1,105.2% over ten years.
Over the whole period, stock market return in Nigeria peaked at 72.0% in 2007 and was at its lowest, -54.9%, in 2009.
That places Nigeria 5th out of 86 countries with data for 2021, putting it in the top 10%.
The series is highly variable year to year, so single readings are best treated with caution.
Stock market return in Nigeria, year by year
| Year | %, year-on-year | Change |
|---|---|---|
| 1999 | -12.9% | — |
| 2000 | 26.0% | -302.2% |
| 2001 | 53.4% | +105.4% |
| 2002 | 15.5% | -70.9% |
| 2003 | 32.2% | +107.7% |
| 2004 | 60.0% | +86.2% |
| 2005 | -7.2% | -112.0% |
| 2006 | 21.7% | -401.3% |
| 2007 | 72.0% | +232.2% |
| 2008 | 8.4% | -88.4% |
| 2009 | -54.9% | -756.7% |
| 2010 | 5.7% | -110.3% |
| 2011 | -4.7% | -183.4% |
| 2012 | -1.2% | -74.1% |
| 2013 | 54.0% | -4505.7% |
| 2014 | 9.7% | -82.1% |
| 2015 | -21.4% | -321.5% |
| 2016 | -13.8% | -35.4% |
| 2017 | 19.5% | -241.2% |
| 2018 | 17.6% | -10.2% |
| 2019 | -22.8% | -229.7% |
| 2020 | -6.1% | -73.3% |
| 2021 | 47.6% | -884.1% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | -12.9% | -12.9% | -12.9% | 1 |
| 2000s | 22.7% | -54.9% | 72.0% | 10 |
| 2010s | 4.2% | -22.8% | 54.0% | 10 |
| 2020s | 20.8% | -6.1% | 47.6% | 2 |
Countries ranked near Nigeria
More financial sector data for Nigeria
- Reserves excluding gold, foreign exchange (SDR), annual growth rate 6.98 % change on previous year (2025)
- Reserves excluding gold, foreign exchange (SDR), per unit of GDP 0.0966 SDR per US$ of GDP (2025)
- Reserves excluding gold, foreign exchange (SDR), per capita 118.25 SDR per person (2025)
- Reserves excluding gold (SDR), annual growth rate 6.08 % change on previous year (2025)
- Reserves excluding gold (SDR), per capita 132.23 SDR per person (2025)
- Total reserves (gold at market value) (SDR), annual growth rate 8.47 % change on previous year (2025)
- Total reserves (gold at market value) (SDR), per capita 141.49 SDR per person (2025)
- Total reserves (gold at national valuation) (SDR), annual growth rate 8.36 % change on previous year (2025)
- Total reserves (gold at national valuation) (SDR), per capita 141.38 SDR per person (2025)
- Total reserves (gold at national valuation) 33.58 billion SDR (2025)
Frequently asked questions
- What is stock market return in Nigeria?
- Stock market return in Nigeria was 47.6% in 2021, according to Bloomberg.
- What is the highest stock market return recorded in Nigeria?
- The highest recorded value was 72.0% in 2007.
- What is the lowest stock market return recorded in Nigeria?
- The lowest recorded value was -54.9% in 2009.
- How does Nigeria rank for stock market return?
- Nigeria ranks 5th out of 86 countries with data for 2021.
- Is stock market return rising or falling in Nigeria?
- Over the last ten years it is up 1,105.2%. The long-run trend across the full record is volatile.
- Where does this Nigeria data come from?
- The figures come from Bloomberg, published as part of Stock market return (%, year-on-year). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 23 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
About this data
Stock market return is the growth rate of annual average stock market index. Annual average stock market index is constructed by taking the average of the daily stock market indexes available at Bloomberg.