For that indicator, we provide data for Nigeria from 1993 to 2020. The average value for Nigeria during that period was 190 companies with a minimum of 164 companies in 2018 and a maximum of 215 companies in 2005.
The latest value from 2020 is 177 companies. For comparison, the world average in 2020 based on 68
countries is 563 companies.
See the global rankings for that indicator or
use the country comparator to compare trends over time.
The number of listed companies on the stock exchange in Nigeria is an indicator of the development of the stock market. A higher number means that more companies use equity financing in their business. Of course, the number of listed companies in Nigeria and other countries also reflects the size of the economy: larger economies have more firms.
Definition: Listed domestic companies, including foreign companies which are exclusively listed, are those which have shares listed on an exchange at the end of the year. Investment funds, unit trusts, and companies whose only business goal is to hold shares of other listed companies, such as holding companies and investment companies, regardless of their legal status, are excluded. A company with several classes of shares is counted once. Only companies admitted to listing on the exchange are included.