Stock market turnover ratio (%) in Nigeria
Nigeria: Stock market turnover ratio (%) was 4.4% in 2020. ◆ Volatile
Stock market turnover ratio in Nigeria, 1993–2020
Source: Global Stock Markets Factbook and supplemental S&P data, Standard & Poor's. Measured in %.
Analysis
In 2020, stock market turnover ratio in Nigeria stood at 4.4%.
That represents a change of down 29.1% on the previous year and down 56.6% over ten years.
Over the whole period, stock market turnover ratio in Nigeria peaked at 34.8% in 2008 and was at its lowest, 1.1%, in 1995.
That places Nigeria 63rd out of 90 countries with data for 2020, putting it in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Stock market turnover ratio (%) in Nigeria, year by year
| Year | % | Change |
|---|---|---|
| 1993 | 1.4% | — |
| 1994 | 1.5% | +6.8% |
| 1995 | 1.1% | -28.6% |
| 1996 | 2.5% | +130.3% |
| 1997 | 4.0% | +60.6% |
| 1998 | 5.9% | +48.6% |
| 1999 | 3.8% | -35.1% |
| 2004 | 10.6% | +176.5% |
| 2005 | 8.8% | -17.1% |
| 2006 | 11.0% | +24.8% |
| 2007 | 20.4% | +86.6% |
| 2008 | 34.8% | +70.1% |
| 2009 | 13.9% | -59.9% |
| 2010 | 10.1% | -27.6% |
| 2011 | 9.9% | -1.8% |
| 2012 | 7.3% | -26.6% |
| 2013 | 7.7% | +6.1% |
| 2014 | 8.2% | +5.8% |
| 2015 | 8.2% | -0.0% |
| 2016 | 5.1% | -38.0% |
| 2017 | 5.9% | +17.0% |
| 2018 | 8.2% | +38.4% |
| 2019 | 6.2% | -24.6% |
| 2020 | 4.4% | -29.1% |
Nigeria compared with similar countries
- Nigeria's 4.4% is above the median for lower middle income countries, which is 3.9%, 1.1× the median. (18 countries reporting)
- Nigeria's 4.4% is above the median for Sub-Saharan Africa, which is 2.3%, 1.9× the median. (11 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 2.9% | 1.1% | 5.9% | 7 |
| 2000s | 16.6% | 8.8% | 34.8% | 6 |
| 2010s | 7.7% | 5.1% | 10.1% | 10 |
| 2020s | 4.4% | 4.4% | 4.4% | 1 |
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 turnover ratio in Nigeria?
- Stock market turnover ratio in Nigeria was 4.4% in 2020, according to Global Stock Markets Factbook and supplemental S&P data, Standard & Poor's.
- What is the highest stock market turnover ratio recorded in Nigeria?
- The highest recorded value was 34.8% in 2008.
- What is the lowest stock market turnover ratio recorded in Nigeria?
- The lowest recorded value was 1.1% in 1995.
- How does Nigeria rank for stock market turnover ratio?
- Nigeria ranks 63rd out of 90 countries with data for 2020.
- Is stock market turnover ratio rising or falling in Nigeria?
- Over the last ten years it is down 56.6%. The long-run trend across the full record is volatile.
- Where does this Nigeria data come from?
- The figures come from Global Stock Markets Factbook and supplemental S&P data, Standard & Poor's, published as part of Stock market turnover ratio (%). Statizoid updates them automatically from the source API.
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About this data
Ratio of the value of total shares traded to average real market capitalization, the denominator is deflated using the following method: Tt/P_at/{(0.5)*[Mt/P_et + Mt-1/P_et-1] where T is total value traded, M is stock market capitalization, P_e is end-of period CPI. (IFS line 64M..ZF or, if not available, 64Q..ZF) and annual CPI (IFS line 64..ZF) are from the IMF’s International Financial Statistics.