Nigeria Listed Companies
Number of listed domestic companies CM.MKT.LDOM.NO
Nigeria's listed companies was 168 in 2025, ranked 32nd globally. This represents a 0.8% decrease from 2024. Data from World Bank, covering 1993–2025.
Overview
Nigeria's listed companies stood at 168 in 2025, a decline of +1 from 2024. Based on recent trends, this figure is projected to reach 168 by 2025. Nigeria ranked 32nd globally.
Nigeria’s listed‑company count stood at 167.60 in 2025, placing the nation 32nd worldwide, a modest decline from the 174.00 firms recorded in 1993 and well below the all‑time peak of 215.00 reached in 2010. The downward swing accelerated after the all‑time trough of 164.00 in 2018, reflecting persistent challenges such as limited market depth, regulatory uncertainty and competition from more diversified exchanges. By contrast, peer economies of similar rank, such as Peru with 167.00 listed firms, have managed to sustain modest growth through reforms that broadened access to capital markets. Nigeria’s 29‑year trajectory suggests that without substantial improvements in corporate governance, investor protection and infrastructure, the modest rebound to 167.60 may prove temporary, and future trends will hinge on policy actions that can revive confidence and attract new listings.
Data & projection
| Year | Listed Companies | YoY change | Rank |
|---|---|---|---|
| 2027* trend | 164 | - | - |
| 2026* trend | 166 | - | - |
| 2025* trend | 168 | - | - |
| 2025 | 168 | −1 | #32 |
| 2024 | 169 | −3 | #38 |
| 2023 | 172 | −1 | #39 |
| 2022 | 173 | −1 | #41 |
| 2021 | 174 | −3 | #43 |
| 2020 | 177 | −3 | #45 |
| 2019 | 180 | +16 | #41 |
| 2018 | 164 | −2 | #40 |
| 2017 | 166 | −3 | #37 |
| 2016 | 169 | −14 | #37 |
| 2015 | 183 | −5 | #42 |
| 2014 | 188 | +0 | #41 |
| 2013 | 188 | −1 | #41 |
| 2012 | 189 | −7 | #42 |
| 2011 | 196 | −19 | #43 |
Detected Pattern
Analysis
Nigeria matched the Export Boom Cycle pattern in 2024. Historically, 71% of countries showing this pattern (546 out of 768) saw listed companies improve within 24 months. View full analysis →
Frequently Asked Questions
Nigeria's listed companies was 168 in 2025. Ranked 32nd globally. This represents a 0.8% decrease from the previous year.
Nigeria's listed companies peaked at 215 in 2005.
The lowest listed companies in Nigeria was 164 in 2018.
Nigeria ranks 32nd globally in listed companies as of 2025.
The World Bank indicator code is CM.MKT.LDOM.NO. Data sourced from World Bank.
Nigeria's listed companies is projected to reach 168 by 2025 based on trend extrapolation.
The listed companies of Nigeria in 2025 was 168. This ranks 32nd in the world.
Cite this page
@misc{historysaid_nigeria_listed-companies,
title = {Nigeria Listed Companies},
url = {https://historysaid.com/nigeria/listed-companies/},
publisher = {HistorySaid},
year = {2026}
}