Stock price volatility in Nigeria
Nigeria: Stock price volatility was 15.66 in 2021. ▲ Rising
Stock price volatility in Nigeria, 1998–2021
Source: Bloomberg.
Analysis
The most recent figure for stock price volatility in Nigeria is 15.66, measured in 2021.
That represents a change of up 3.0% on the previous year and down 11.4% over ten years.
Over the whole period, stock price volatility in Nigeria peaked at 27.51 in 2010 and was at its lowest, 3.28, in 1998.
That places Nigeria 64th out of 86 countries with data for 2021, putting it in the middle of the range.
The long-run direction has been consistently rising across the 24 years of available data.
Stock price volatility in Nigeria, year by year
| Year | Value | Change |
|---|---|---|
| 1998 | 3.28 | — |
| 1999 | 7.16 | +118.4% |
| 2000 | 12.11 | +69.3% |
| 2001 | 12.96 | +7.0% |
| 2002 | 12.79 | -1.3% |
| 2003 | 16.1 | +25.8% |
| 2004 | 23.32 | +44.9% |
| 2005 | 18.68 | -19.9% |
| 2006 | 13.67 | -26.8% |
| 2007 | 15.75 | +15.2% |
| 2008 | 15.09 | -4.2% |
| 2009 | 25.96 | +72.0% |
| 2010 | 27.51 | +6.0% |
| 2011 | 17.66 | -35.8% |
| 2012 | 11.89 | -32.7% |
| 2013 | 12.32 | +3.6% |
| 2014 | 13 | +5.5% |
| 2015 | 19.12 | +47.0% |
| 2016 | 20.6 | +7.7% |
| 2017 | 16.96 | -17.7% |
| 2018 | 15.95 | -5.9% |
| 2019 | 14.4 | -9.8% |
| 2020 | 15.21 | +5.6% |
| 2021 | 15.66 | +3.0% |
Nigeria compared with similar countries
- Nigeria's 15.66 is below the median for lower middle income countries, which is 17.09, 92% of the median. (13 countries reporting)
- Nigeria's 15.66 is below the median for Sub-Saharan Africa, which is 16.05, 98% of the median. (8 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 5.22 | 3.28 | 7.16 | 2 |
| 2000s | 16.64 | 12.11 | 25.96 | 10 |
| 2010s | 16.94 | 11.89 | 27.51 | 10 |
| 2020s | 15.43 | 15.21 | 15.66 | 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 price volatility in Nigeria?
- Stock price volatility in Nigeria was 15.66 in 2021, according to Bloomberg.
- What is the highest stock price volatility recorded in Nigeria?
- The highest recorded value was 27.51 in 2010.
- What is the lowest stock price volatility recorded in Nigeria?
- The lowest recorded value was 3.28 in 1998.
- How does Nigeria rank for stock price volatility?
- Nigeria ranks 64th out of 86 countries with data for 2021.
- Is stock price volatility rising or falling in Nigeria?
- Over the last ten years it is down 11.4%. The long-run trend across the full record is rising.
- Where does this Nigeria data come from?
- The figures come from Bloomberg, published as part of Stock price volatility. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 24 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
About this data
Stock price volatility is the average of the 360-day volatility of the national stock market index.