Stock market return (%, year-on-year) in Nigeria
Nigeria: Stock market return (%, year-on-year) 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 (%, year-on-year) 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% |
Nigeria compared with similar countries
- Nigeria's 47.6% is above the median for lower middle income countries, which is 18.4%, 2.6× the median. (13 countries reporting)
- Nigeria's 47.6% is above the median for Sub-Saharan Africa, which is 21.2%, 2.2× the median. (8 countries reporting)
Biggest year-on-year movements
Years where Stock market return (%, year-on-year) in Nigeria changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 2013 | +4505.7% | -1.2% | 54.0% |
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
- 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 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.
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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.