Nigeria Stock Turnover Ratio
Stocks traded, turnover ratio of domestic shares CM.MKT.TRNR
Nigeria's stock turnover ratio was 2.62% in 2025, ranked 56th globally. This represents a 7.8% decrease from 2024. Data from World Bank, covering 1993–2025.
Overview
Nigeria's stock turnover ratio stood at 2.62% in 2025, a decline of +0.22pp from 2024. Based on recent trends, this figure is projected to reach 2.62% by 2025. Nigeria ranked 56th globally.
Nigeria’s stock turnover ratio has risen from a low of 1.41 % in 1993 to 2.62 % in 2025, placing the country 56th worldwide. The indicator’s all‑time peak of 34.79 % occurred in 2008, a sharp contrast to the trough of 1.07 % recorded in 1995, highlighting the volatility of inventory management over the 27‑year span. Compared with peers of similar ranking, Panama posted a slightly higher ratio of 2.66 % and Jamaica a lower 2.50 % in the same year, suggesting that Nigeria remains marginally behind its regional counterparts in converting inventory into sales. The modest upward trajectory since the mid‑1990s reflects gradual improvements in supply‑chain efficiency, yet the gap to the 2008 high underscores persistent structural constraints. Continued investment in logistics infrastructure and adoption of digital inventory systems could accelerate turnover, potentially narrowing the disparity with higher‑performing peers and sustaining the recent positive trend.
Data & projection
| Year | Stock Turnover Ratio | YoY change | Rank |
|---|---|---|---|
| 2027* trend | 2.00% | - | - |
| 2026* trend | 2.31% | - | - |
| 2025* trend | 2.62% | - | - |
| 2025 | 2.62% | −0.22pp | #56 |
| 2024 | 2.84% | −0.68pp | #21 |
| 2023 | 3.52% | −0.07pp | #23 |
| 2022 | 3.58% | +0.27pp | #24 |
| 2021 | 3.31% | −1.18pp | #21 |
| 2020 | 4.49% | −1.69pp | #25 |
| 2019 | 6.19% | −2.02pp | #31 |
| 2018 | 8.20% | +2.34pp | #26 |
| 2017 | 5.87% | +0.51pp | #13 |
| 2016 | 5.36% | −2.82pp | #13 |
| 2015 | 8.17% | −0.00pp | #17 |
| 2014 | 8.18% | −1.74pp | #18 |
| 2011 | 9.92% | −0.18pp | #31 |
| 2010 | 10.10% | −3.84pp | #25 |
| 2009 | 13.94% | −20.84pp | #25 |
Detected Pattern
Analysis
Nigeria matched the Export Boom Cycle pattern in 2024. Historically, 71% of countries showing this pattern (546 out of 768) saw stock turnover ratio improve within 24 months. View full analysis →
Frequently Asked Questions
Nigeria's stock turnover ratio was 2.62% in 2025. Ranked 56th globally. This represents a 7.8% decrease from the previous year.
Nigeria's stock turnover ratio peaked at 34.79% in 2008.
The lowest stock turnover ratio in Nigeria was 1.07% in 1995.
Nigeria ranks 56th globally in stock turnover ratio as of 2025.
The World Bank indicator code is CM.MKT.TRNR. Data sourced from World Bank.
Nigeria's stock turnover ratio is projected to reach 2.62% by 2025 based on trend extrapolation.
The stock turnover ratio of Nigeria in 2025 was 2.62%. This ranks 56th in the world.
Cite this page
@misc{historysaid_nigeria_stock-turnover,
title = {Nigeria Stock Turnover Ratio},
url = {https://historysaid.com/nigeria/stock-turnover/},
publisher = {HistorySaid},
year = {2026}
}