Stocks traded, turnover ratio of domestic shares in Nigeria
Nigeria: Stocks traded, turnover ratio of domestic shares was 2.8% in 2024. ◆ Volatile
Stocks traded, turnover ratio of domestic shares in Nigeria, 1993–2024
Source: World Federation of Exchanges database, World Federation of Exchanges (WFE). Measured in %.
Analysis
Nigeria recorded 2.8% for stocks traded, turnover ratio of domestic shares in 2024.
Compared with earlier readings it is down 19.3% on the previous year and down 65.3% over ten years.
Over the whole period, stocks traded, turnover ratio of domestic shares in Nigeria peaked at 34.8% in 2008 and was at its lowest, 1.1%, in 1995.
Nigeria ranks 67th of 97 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.
Stocks traded, turnover ratio of domestic shares 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% |
| 2014 | 8.2% | -17.6% |
| 2015 | 8.2% | -0.0% |
| 2016 | 5.4% | -34.4% |
| 2017 | 5.9% | +9.5% |
| 2018 | 8.2% | +39.8% |
| 2019 | 6.2% | -24.6% |
| 2020 | 4.5% | -27.4% |
| 2021 | 3.3% | -26.4% |
| 2022 | 3.6% | +8.3% |
| 2023 | 3.5% | -1.8% |
| 2024 | 2.8% | -19.3% |
Nigeria compared with similar countries
- Nigeria's 2.8% is above the median for lower middle income countries, which is 2.8%, 1.0× the median. (20 countries reporting)
- Nigeria's 2.8% is above the median for Sub-Saharan Africa, which is 1.7%, 1.6× the median. (14 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% | 5.4% | 10.1% | 8 |
| 2020s | 3.5% | 2.8% | 4.5% | 5 |
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 stocks traded, turnover ratio of domestic shares in Nigeria?
- Stocks traded, turnover ratio of domestic shares in Nigeria was 2.8% in 2024, according to World Federation of Exchanges database, World Federation of Exchanges (WFE).
- What is the highest stocks traded, turnover ratio of domestic shares recorded in Nigeria?
- The highest recorded value was 34.8% in 2008.
- What is the lowest stocks traded, turnover ratio of domestic shares recorded in Nigeria?
- The lowest recorded value was 1.1% in 1995.
- How does Nigeria rank for stocks traded, turnover ratio of domestic shares?
- Nigeria ranks 67th out of 97 countries with data for 2024.
- Is stocks traded, turnover ratio of domestic shares rising or falling in Nigeria?
- Over the last ten years it is down 65.3%. 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 Stocks traded, turnover ratio of domestic shares (%). Statizoid updates them automatically from the source API.
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About this data
Turnover ratio is the value of domestic shares traded divided by their market capitalization. The value is annualized by multiplying the monthly average by 12.