New businesses registered in Nigeria

136,961 companies were registered in Nigeria in 2022. The value for 2022 is the highest in the series, which starts in 2006.

Measure: New businesses registered Unit: New limited liability companies Data: 2006 to 2022 Source: World Bank
Nigeria, 2022 136,961 New limited liability companies
Change from 2021 +5.4% 2021: 129,980 companies

New businesses registered in Nigeria over time

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Nigeria

New limited liability companies. Source: World Bank, World Development Indicators. Gaps mean no published value; points are not joined across missing years.

New businesses registered (new limited liability companies), 2006 to 2022
Period Nigeria
2022 136,961 companies
2021 129,980 companies
2020 97,988 companies
2019 90,748 companies
2018 86,309 companies
2017 78,540 companies
2016 75,380 companies
2015 70,441 companies
2014 71,941 companies
2013 74,391 companies
2012 81,144 companies
2011 72,396 companies
2010 65,074 companies
2009 65,089 companies
2008 64,017 companies
2007 46,240 companies
2006 34,531 companies

A dash means no value was published for that period.

In short

  • That is a change of +5.4% from 129,980 companies in 2021.
  • Since 2012, when it was 81,144 companies, the figure has changed by +68.8%.

Source and dates

Original producer
World Bank, Entrepreneurship Database
Distributed by
World Bank, World Development Indicators
Dataset or series code
IC.BUS.NREG · dataset details · view at source
Observation period
2006 to 2022 for Nigeria
Provider update
8 October 2026
Retrieved
9 November 2026
Published here
9 November 2026
Licence
CC BY 4.0 (per series metadata)
Attribution
Source: World Bank, World Development Indicators, original data: World Bank, Entrepreneurship Database