Nigeria New Business Registrations (Number per Year) (2022)
Nigeria's New Business Registrations (Number per Year): 136,961 number of registrations in 2022, +5.4% YoY. World Bank (IC.BUS.NREG), 2006–2022.
Nigeria (2022)
136,961
number of registrations
+5.4% YoY
YoY Change
+5.4%
Trend
up
Series length
17
years of data
Data
| Year | number of registrations | YoY Change |
|---|---|---|
| 2022 | 136,961 | +5.4% |
| 2021 | 129,980 | +32.6% |
| 2020 | 97,988 | +8.0% |
| 2019 | 90,748 | +5.1% |
| 2018 | 86,309 | +9.9% |
| 2017 | 78,540 | +4.2% |
| 2016 | 75,380 | +7.0% |
| 2015 | 70,441 | -2.1% |
| 2014 | 71,941 | -3.3% |
| 2013 | 74,391 | -8.3% |
| 2012 | 81,144 | +12.1% |
| 2011 | 72,396 | +11.3% |
| 2010 | 65,074 | -0.02% |
| 2009 | 65,089 | +1.7% |
| 2008 | 64,017 | +38.4% |
| 2007 | 46,240 | +33.9% |
| 2006 | 34,531 | n/a |
About this Dataset
Nigeria recorded 136,961 number of registrations in 2022. The latest change was +5.4%. Across 2006–2022 the series ranges from 34,531 number of registrations in 2006 to 136,961 number of registrations in 2022.
This page tracks the number of new limited liability companies registered per year in Nigeria. New business registrations are the primary proxy for startup formation and entrepreneurial activity in the formal economy.
Data sourced from World Bank via Open Data API. Values use World Bank standardised methodology intended for cross-country comparison.
Frequently Asked Questions
This page tracks the number of new limited liability companies registered per year in Nigeria. New business registrations are the primary proxy for startup formation and entrepreneurial activity in the formal economy. It is published by World Bank and updated annually.
The most recent observation covers 2022. World Bank typically publishes this series with a lag of several months after the reference period. The series runs 2006–2022 (17 observations).
The series is at its highest recorded level, 136,961 number of registrations in 2022, up from a low of 34,531 number of registrations in 2006. The latest change was +5.4%.