Number of Listed Companies for Nigeria
DDOM01NGA644NWDB • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.86
Year-over-Year Change
-39.14%
Date Range
1/1/1993 - 1/1/2020
Summary
The 'Number of Listed Companies for Nigeria' series tracks the total number of companies listed on the Nigerian Stock Exchange. This metric is an important indicator of the size and development of Nigeria's formal business sector.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
The number of listed companies is a key measure of the depth and breadth of a country's stock market and capital markets. It reflects the ability of Nigerian firms to access public equity financing, which supports economic growth and investment.
Methodology
The data is collected directly from the Nigerian Stock Exchange.
Historical Context
Policymakers and investors monitor this indicator to gauge the overall health and liquidity of Nigeria's corporate sector and financial markets.
Key Facts
- Nigeria has the largest stock exchange in West Africa.
- The number of listed companies peaked at 202 in 2008.
- Nigeria's market capitalization-to-GDP ratio was 10.4% in 2021.
FAQs
Q: What does this economic trend measure?
A: The 'Number of Listed Companies for Nigeria' series tracks the total number of companies listed on the Nigerian Stock Exchange.
Q: Why is this trend relevant for users or analysts?
A: The number of listed companies is an important indicator of the depth and development of Nigeria's capital markets and corporate sector.
Q: How is this data collected or calculated?
A: The data is collected directly from the Nigerian Stock Exchange.
Q: How is this trend used in economic policy?
A: Policymakers and investors monitor this indicator to gauge the overall health and liquidity of Nigeria's corporate sector and financial markets.
Q: Are there update delays or limitations?
A: The data is updated regularly by the Nigerian Stock Exchange.
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Citation
U.S. Federal Reserve, Number of Listed Companies for Nigeria (DDOM01NGA644NWDB), retrieved from FRED.