Nigeria: Stock market turnover ratio

* indicates monthly or quarterly data series
 Nigeria

Stock market turnover ratio

 Latest value 2.44
 Year 2022
 Measure percent
 Data availability 1993 - 2022
 Average 7.90
 Min - Max 1.07 - 34.79
 Source The World Bank
For that indicator, we provide data for Nigeria from 1993 to 2022. The average value for Nigeria during that period was 7.9 percent with a minimum of 1.07 percent in 1995 and a maximum of 34.79 percent in 2008. The latest value from 2022 is 2.44 percent. For comparison, the world average in 2022 based on 72 countries is 33.12 percent. See the global rankings for that indicator or use the country comparator to compare trends over time.
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* indicates monthly or quarterly data series


Recent values chart
Nigeria - Stock market turnover ratio - Recent values chart

Historical chart
Nigeria - Stock market turnover ratio - historical chart - 1993-2022




The stock market turnover ratio in Nigeria equals "the value of all stock market trades / the market value of all listed companies." It reflects how active the stock market of Nigeria is. A country may have many listed companies but few active trades. Conversely, there may be few listed companies but many trades.
Definition: 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.

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 Related indicators Latest value Reference Measure
 Stock market capitalization, percent of GDP 19.35 2022 percent
 Stock market capitalization, in dollars 56.57 2020 billion U.S. dollars
 Stock market turnover ratio 2.44 2022 percent
 Listed companies 173 2022 companies
 Stock market value traded 0.57 2020 percent
 Stock market return 47.63 2021 percent
 Stock market access for smaller firms 27.46 2018 percent
 Stock market activity for smaller firms 21.31 2018 percent
 Stock price volatility 15.66 2021 percent
 Mutual fund assets 0.97 2020 percent
 Life insurance volume 0.14 2018 percent
 Non-life insurance premium volume 0.19 2018 percent
 Pension fund assets to GDP 7.98 2020 percent
 Insurance company assets 1.05 2019 percent
 Nonbank financial institutions assets to GDP 5.62 2021 percent
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