Nigeria Business Environment
Nigeria NG: Business Extent of Disclosure Index
NG: Business Extent of Disclosure Index data was reported at 7.000 NA in 2017. This stayed constant from the previous number of 7.000 NA for 2016. NG: Business Extent of Disclosure Index data is updated yearly, averaging 7.000 NA from Dec 2013 (Median) to 2017, with 5 observations. The data reached an all-time high of 7.000 NA in 2017 and a record low of 4.000 NA in 2014. NG: Business Extent of Disclosure Index data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Nigeria – Table NG.World Bank.WDI: Business Environment. Disclosure index measures the extent to which investors are protected through disclosure of ownership and financial information. The index ranges from 0 to 10, with higher values indicating more disclosure.; ; World Bank, Doing Business project (http://www.doingbusiness.org/).; Unweighted average; Data are presented for the survey year instead of publication year.
| Last | Frequency | Range |
|---|---|---|
| 7.00 2017 | yearly | 2013 - 2017 |
View Nigeria's Nigeria NG: Business Extent of Disclosure Index from 2013 to 2017 in the chart:
Nigeria NG: Delay in Obtaining An Electrical Connection
NG: Delay in Obtaining An Electrical Connection data was reported at 9.400 Day in 2014. This records an increase from the previous number of 7.500 Day for 2007. NG: Delay in Obtaining An Electrical Connection data is updated yearly, averaging 8.450 Day from Dec 2007 (Median) to 2014, with 2 observations. The data reached an all-time high of 9.400 Day in 2014 and a record low of 7.500 Day in 2007. NG: Delay in Obtaining An Electrical Connection data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Nigeria – Table NG.World Bank.WDI: Business Environment. Delay in obtaining an electrical connection is the average wait, in days, experienced to obtain an electrical connection from the day an establishment applies for it to the day it receives the service.; ; World Bank, Enterprise Surveys (http://www.enterprisesurveys.org/).; Unweighted average;
| Last | Frequency | Range |
|---|---|---|
| 9.40 2014 | yearly | 2007 - 2014 |
View Nigeria's Nigeria NG: Delay in Obtaining An Electrical Connection from 2007 to 2014 in the chart:
Nigeria NG: Depth of Credit Information Index: 0=Low To 8=High
NG: Depth of Credit Information Index: 0=Low To 8=High data was reported at 8.000 NA in 2017. This records an increase from the previous number of 6.000 NA for 2016. NG: Depth of Credit Information Index: 0=Low To 8=High data is updated yearly, averaging 6.000 NA from Dec 2013 (Median) to 2017, with 5 observations. The data reached an all-time high of 8.000 NA in 2017 and a record low of 0.000 NA in 2013. NG: Depth of Credit Information Index: 0=Low To 8=High data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Nigeria – Table NG.World Bank.WDI: Business Environment. Depth of credit information index measures rules affecting the scope, accessibility, and quality of credit information available through public or private credit registries. The index ranges from 0 to 8, with higher values indicating the availability of more credit information, from either a public registry or a private bureau, to facilitate lending decisions.; ; World Bank, Doing Business project (http://www.doingbusiness.org/).; Unweighted average; Data are presented for the survey year instead of publication year. Data before 2013 are not comparable with data from 2013 onward due to methodological changes.
| Last | Frequency | Range |
|---|---|---|
| 8.00 2017 | yearly | 2013 - 2017 |
View Nigeria's Nigeria NG: Depth of Credit Information Index: 0=Low To 8=High from 2013 to 2017 in the chart:
Nigeria NG: Distance to Frontier Score: 0=Lowest Performance To 100=Frontier
NG: Distance to Frontier Score: 0=Lowest Performance To 100=Frontier data was reported at 52.030 NA in 2017. This records an increase from the previous number of 48.180 NA for 2016. NG: Distance to Frontier Score: 0=Lowest Performance To 100=Frontier data is updated yearly, averaging 48.180 NA from Dec 2015 (Median) to 2017, with 3 observations. The data reached an all-time high of 52.030 NA in 2017 and a record low of 47.570 NA in 2015. NG: Distance to Frontier Score: 0=Lowest Performance To 100=Frontier data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Nigeria – Table NG.World Bank.WDI: Business Environment. Distance to frontier score illustrates the distance of an economy to the 'frontier,' which represents the best performance observed on each Doing Business topic across all economies and years included since 2005. An economy's distance to frontier is indicated on a scale from 0 to 100, where 0 represents the lowest performance and 100 the frontier. For example, a score of 75 in 2012 means an economy was 25 percentage points away from the frontier constructed from the best performances across all economies and across time. A score of 80 in 2013 would indicate the economy is improving.; ; World Bank, Doing Business project (http://www.doingbusiness.org/).; Unweighted average; Data are presented for the survey year instead of publication year. Data before 2013 are not comparable with data from 2013 onward due to methodological changes.
| Last | Frequency | Range |
|---|---|---|
| 52.03 2017 | yearly | 2015 - 2017 |
View Nigeria's Nigeria NG: Distance to Frontier Score: 0=Lowest Performance To 100=Frontier from 2015 to 2017 in the chart:
Nigeria NG: Ease of Doing Business Index: 1=Most Business-friendly Regulations
NG: Ease of Doing Business Index: 1=Most Business-friendly Regulations data was reported at 145.000 NA in 2017. NG: Ease of Doing Business Index: 1=Most Business-friendly Regulations data is updated yearly, averaging 145.000 NA from Dec 2017 (Median) to 2017, with 1 observations. NG: Ease of Doing Business Index: 1=Most Business-friendly Regulations data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Nigeria – Table NG.World Bank.WDI: Business Environment. Ease of doing business ranks economies from 1 to 190, with first place being the best. A high ranking (a low numerical rank) means that the regulatory environment is conducive to business operation. The index averages the country's percentile rankings on 10 topics covered in the World Bank's Doing Business. The ranking on each topic is the simple average of the percentile rankings on its component indicators.; ; World Bank, Doing Business project (http://www.doingbusiness.org/).; ; Data are presented for the survey year instead of publication year. Data before 2013 are not comparable with data from 2013 onward due to methodological changes.
| Last | Frequency | Range |
|---|---|---|
| 145.00 2017 | yearly | 2017 - 2017 |
View Nigeria's Nigeria NG: Ease of Doing Business Index: 1=Most Business-friendly Regulations from 2017 to 2017 in the chart:
NG: Ease of Doing Business Score: 0=Lowest Performance To 100=Best Performance
NG: Ease of Doing Business Score: 0=Lowest Performance To 100=Best Performance data was reported at 56.876 NA in 2019. This records an increase from the previous number of 53.405 NA for 2018. NG: Ease of Doing Business Score: 0=Lowest Performance To 100=Best Performance data is updated yearly, averaging 52.027 NA from Dec 2015 (Median) to 2019, with 5 observations. The data reached an all-time high of 56.876 NA in 2019 and a record low of 48.375 NA in 2015. NG: Ease of Doing Business Score: 0=Lowest Performance To 100=Best Performance data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Nigeria – Table NG.World Bank.WDI: Business Environment. The ease of doing business scores benchmark economies with respect to regulatory best practice, showing the proximity to the best regulatory performance on each Doing Business indicator. An economy’s score is indicated on a scale from 0 to 100, where 0 represents the worst regulatory performance and 100 the best regulatory performance.; ; World Bank, Doing Business project (http://www.doingbusiness.org/). NOTE: Doing Business has been discontinued as of 9/16/2021. For more information: https://bit.ly/3CLCbme; Unweighted average; Data are presented for the survey year instead of publication year. Data before 2013 are not comparable with data from 2013 onward due to methodological changes.
| Last | Frequency | Range |
|---|---|---|
| 56.876 2019 | yearly | 2015 - 2019 |
View Nigeria's NG: Ease of Doing Business Score: 0=Lowest Performance To 100=Best Performance from 2015 to 2019 in the chart:
Nigeria NG: Firms Expected to Give Gifts in Meetings with Tax Officials: % of Firms
NG: Firms Expected to Give Gifts in Meetings with Tax Officials: % of Firms data was reported at 25.900 % in 2014. This records an increase from the previous number of 22.900 % for 2007. NG: Firms Expected to Give Gifts in Meetings with Tax Officials: % of Firms data is updated yearly, averaging 24.400 % from Dec 2007 (Median) to 2014, with 2 observations. The data reached an all-time high of 25.900 % in 2014 and a record low of 22.900 % in 2007. NG: Firms Expected to Give Gifts in Meetings with Tax Officials: % of Firms data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Nigeria – Table NG.World Bank.WDI: Business Environment. Firms expected to give gifts in meetings with tax officials is the percentage of firms that answered positively to the question 'was a gift or informal payment expected or requested during a meeting with tax officials?'; ; World Bank, Enterprise Surveys (http://www.enterprisesurveys.org/).; Unweighted average;
| Last | Frequency | Range |
|---|---|---|
| 25.90 2014 | yearly | 2007 - 2014 |
View Nigeria's Nigeria NG: Firms Expected to Give Gifts in Meetings with Tax Officials: % of Firms from 2007 to 2014 in the chart:
Nigeria NG: Firms Experiencing Electrical Outages: % of Firms
NG: Firms Experiencing Electrical Outages: % of Firms data was reported at 77.600 % in 2014. This records a decrease from the previous number of 95.600 % for 2007. NG: Firms Experiencing Electrical Outages: % of Firms data is updated yearly, averaging 86.600 % from Dec 2007 (Median) to 2014, with 2 observations. The data reached an all-time high of 95.600 % in 2007 and a record low of 77.600 % in 2014. NG: Firms Experiencing Electrical Outages: % of Firms data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Nigeria – Table NG.World Bank.WDI: Business Environment. Percent of firms experiencing electrical outages during the previous fiscal year.; ; World Bank, Enterprise Surveys (http://www.enterprisesurveys.org/).; Unweighted average;
| Last | Frequency | Range |
|---|---|---|
| 77.60 2014 | yearly | 2007 - 2014 |
View Nigeria's Nigeria NG: Firms Experiencing Electrical Outages: % of Firms from 2007 to 2014 in the chart:
Nigeria NG: Labour Tax and Contributions: % of Commercial Profits
NG: Labour Tax and Contributions: % of Commercial Profits data was reported at 13.500 % in 2017. This stayed constant from the previous number of 13.500 % for 2016. NG: Labour Tax and Contributions: % of Commercial Profits data is updated yearly, averaging 12.100 % from Dec 2013 (Median) to 2017, with 5 observations. The data reached an all-time high of 13.500 % in 2017 and a record low of 10.700 % in 2014. NG: Labour Tax and Contributions: % of Commercial Profits data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Nigeria – Table NG.World Bank.WDI: Business Environment. Labor tax and contributions is the amount of taxes and mandatory contributions on labor paid by the business.; ; World Bank, Doing Business project (http://www.doingbusiness.org/).; Unweighted average; Data are presented for the survey year instead of publication year.
| Last | Frequency | Range |
|---|---|---|
| 13.50 2017 | yearly | 2013 - 2017 |
View Nigeria's Nigeria NG: Labour Tax and Contributions: % of Commercial Profits from 2013 to 2017 in the chart:
Nigeria NG: Other Taxes Payable by Businesses: % of Commercial Profits
NG: Other Taxes Payable by Businesses: % of Commercial Profits data was reported at 0.300 % in 2017. This records a decrease from the previous number of 0.400 % for 2016. NG: Other Taxes Payable by Businesses: % of Commercial Profits data is updated yearly, averaging 0.400 % from Dec 2013 (Median) to 2017, with 5 observations. The data reached an all-time high of 0.400 % in 2016 and a record low of 0.300 % in 2017. NG: Other Taxes Payable by Businesses: % of Commercial Profits data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Nigeria – Table NG.World Bank.WDI: Business Environment. Other taxes payable by businesses include the amounts paid for property taxes, turnover taxes, and other small taxes such as municipal fees and vehicle and fuel taxes.; ; World Bank, Doing Business project (http://www.doingbusiness.org/).; Unweighted average; Data are presented for the survey year instead of publication year.
| Last | Frequency | Range |
|---|---|---|
| 0.30 2017 | yearly | 2013 - 2017 |
View Nigeria's Nigeria NG: Other Taxes Payable by Businesses: % of Commercial Profits from 2013 to 2017 in the chart:
Nigeria NG: Power Outages in Firms in A Typical Month
NG: Power Outages in Firms in A Typical Month data was reported at 32.800 Unit in 2014. This records an increase from the previous number of 25.200 Unit for 2007. NG: Power Outages in Firms in A Typical Month data is updated yearly, averaging 29.000 Unit from Dec 2007 (Median) to 2014, with 2 observations. The data reached an all-time high of 32.800 Unit in 2014 and a record low of 25.200 Unit in 2007. NG: Power Outages in Firms in A Typical Month data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Nigeria – Table NG.World Bank.WDI: Business Environment. Power outages are the average number of power outages that establishments experience in a typical month.; ; World Bank, Enterprise Surveys (http://www.enterprisesurveys.org/).; Unweighted average;
| Last | Frequency | Range |
|---|---|---|
| 32.80 2014 | yearly | 2007 - 2014 |
View Nigeria's Nigeria NG: Power Outages in Firms in A Typical Month from 2007 to 2014 in the chart:
Nigeria NG: Profit Tax: % of Commercial Profits
NG: Profit Tax: % of Commercial Profits data was reported at 21.000 % in 2017. This records an increase from the previous number of 20.900 % for 2016. NG: Profit Tax: % of Commercial Profits data is updated yearly, averaging 21.400 % from Dec 2013 (Median) to 2017, with 5 observations. The data reached an all-time high of 21.800 % in 2014 and a record low of 20.900 % in 2016. NG: Profit Tax: % of Commercial Profits data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Nigeria – Table NG.World Bank: Business Environment. Profit tax is the amount of taxes on profits paid by the business.; ; World Bank, Doing Business project (http://www.doingbusiness.org/).; Unweighted average; Data are presented for the survey year instead of publication year.
| Last | Frequency | Range |
|---|---|---|
| 21.00 2017 | yearly | 2013 - 2017 |
View Nigeria's Nigeria NG: Profit Tax: % of Commercial Profits from 2013 to 2017 in the chart:
Nigeria NG: Strength of Legal Rights Index: 0=Weak To 12=Strong
NG: Strength of Legal Rights Index: 0=Weak To 12=Strong data was reported at 10.000 NA in 2017. This records an increase from the previous number of 7.000 NA for 2016. NG: Strength of Legal Rights Index: 0=Weak To 12=Strong data is updated yearly, averaging 6.000 NA from Dec 2013 (Median) to 2017, with 5 observations. The data reached an all-time high of 10.000 NA in 2017 and a record low of 6.000 NA in 2015. NG: Strength of Legal Rights Index: 0=Weak To 12=Strong data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Nigeria – Table NG.World Bank: Business Environment. Strength of legal rights index measures the degree to which collateral and bankruptcy laws protect the rights of borrowers and lenders and thus facilitate lending. The index ranges from 0 to 12, with higher scores indicating that these laws are better designed to expand access to credit.; ; World Bank, Doing Business project (http://www.doingbusiness.org/).; Unweighted average; Data are presented for the survey year instead of publication year. Data before 2013 are not comparable with data from 2013 onward due to methodological changes.
| Last | Frequency | Range |
|---|---|---|
| 10.00 2017 | yearly | 2013 - 2017 |