Stock Market Capitalization Statistics in Nigeria (2026)
In 2025, stock market capitalization in Nigeria stood at $86.9 billion, according to World Bank World Development Indicators data. Up from $54.4 billion in 2024 to $86.9 billion in 2025. Nigeria ranks #2 of 12 economies in Sub-Saharan Africa on this measure, and #39 of 79 globally.
Key Statistics
- Latest value (2025)
- $86.9 billion (2025)
- Stock Market Capitalization in Nigeria as of 2025, the most recent observation in World Bank World Development Indicators data.
- Change since 2024
- +59.8% (2025)
- Up from $54.4 billion in 2024 to $86.9 billion in 2025.
- CAGR 1993–2025
- +12.3% per year (2025)
- Compound annual growth rate from $2.1 billion in 1993 to $86.9 billion in 2025.
- Earliest value in this dataset (1993)
- $2.1 billion (1993)
- Earliest observation in this dataset, which covers 1990 onward (the source series may begin earlier). Up from $2.1 billion in 1993 to $86.9 billion in 2025.
- Record high (2025)
- $86.9 billion (2025)
- The 2025 value is the highest in the available World Bank World Development Indicators series for Nigeria.
- Rank in Sub-Saharan Africa
- #2 of 12 (2025)
- Nigeria ranks 2 of 12 countries in Sub-Saharan Africa with data, based on each country's latest value.
- Global rank
- #39 of 79 (2025)
- Nigeria ranks 39 of 79 countries with data globally.
- Sub-Saharan Africa average
- $131.3 billion (2025)
- Nigeria ($86.9 billion) is below the average of $131.3 billion across the 12 countries in Sub-Saharan Africa with data.
- Projected 2026 value
- $100 billion (2026)
- Projection applies a capped growth rate of 15%/yr — the observed 7-year trend (15.6%/yr) exceeds our ±15%/yr cap; not an official figure.
- Market capitalization of listed domestic companies (% of GDP) (2024)
- 21.6% (2024)
- Related indicator from World Bank World Development Indicators.
- Internet use in Nigeria (2024)
- 41.2% (2024)
- 41.2% of the population in Nigeria used the internet in 2024 (World Bank); shown for context only.
- Population (2024)
- 232.7 million (2024)
- Nigeria had a population of 232.7 million in 2024 (World Bank); shown for scale only.
Trend, 1993–2025
| Year | current US$ | Change |
|---|---|---|
| 2025 | 86.9B | +59.8% |
| 2024 | 54.4B | +17.1% |
| 2023 | 46.4B | −25.5% |
| 2022 | 62.4B | +15.0% |
| 2021 | 54.2B | −1.8% |
| 2020 | 55.2B | +25.8% |
| 2019 | 43.9B | +39.3% |
| 2018 | 31.5B | −15.3% |
| 2017 | 37.2B | +24.9% |
| 2016 | 29.8B | −40.4% |
| 2015 | 50B | −20.4% |
| 2014 | 62.8B | −22.1% |
| 2013 | 80.6B | +43.4% |
| 2012 | 56.2B | +44.0% |
| 2011 | 39B | −22.8% |
| 2010 | 50.5B | +56.9% |
| 2009 | 32.2B | −33.0% |
| 2008 | 48.1B | −43.4% |
| 2007 | 84.9B | +158.6% |
| 2006 | 32.8B | +47.6% |
| 2005 | 22.2B | +40.2% |
| 2004 | 15.9B | +568.3% |
| 2002 | 2.4B | −19.2% |
| 1999 | 2.9B | −71.5% |
| 1998 | 10.3B | −17.8% |
| 1997 | 12.6B | −1.2% |
| 1996 | 12.7B | +63.5% |
| 1995 | 7.8B | +161.2% |
| 1994 | 3B | +39.0% |
| 1993 | 2.1B | — |
Frequently asked questions
What is the latest figure for stock market capitalization in Nigeria?
Stock market capitalization in Nigeria stood at $86.9 billion in 2025, according to World Bank World Development Indicators data.
How does Nigeria compare with other countries in Sub-Saharan Africa?
Nigeria ranks 2 of 12 countries in Sub-Saharan Africa with data, with $86.9 billion versus a regional average of $131.3 billion (latest values per country).
Where does Nigeria rank globally on stock market capitalization?
Nigeria ranks 39 of 79 countries with data globally, based on the latest World Bank World Development Indicators value for each country.
What could stock market capitalization in Nigeria look like in 2026?
A trend-based projection puts it at $100 billion in 2026. Projection applies a capped growth rate of 15%/yr — the observed 7-year trend (15.6%/yr) exceeds our ±15%/yr cap; not an official figure.
How recent is the stock market capitalization data for Nigeria?
The most recent observation is from 2025. World Bank World Development Indicators data is reported with a lag, so 2025 is the latest available year for Nigeria.
Source & methodology
Source: World Bank, World Development Indicators, indicator
CM.MKT.LCAP.CD, retrieved .
Figures are shown exactly as published in the source dataset; only the change column of the trend table is computed from adjacent published values.Read more on the methodology page. All figures are estimates and projections; this is not financial advice.
Last updated .