Resolving insolvency: Recovery rate in Nigeria
Nigeria: Resolving insolvency: Recovery rate was 27.8 cents on the dollar in 2019. ▲ Rising
Resolving insolvency: Recovery rate in Nigeria, 2003–2019
Source: World Bank. Measured in cents on the dollar.
Analysis
The most recent figure for resolving insolvency: recovery rate in Nigeria is 27.8 cents on the dollar, measured in 2019.
Compared with earlier readings it is up 1.1% on the previous year and down 0.7% over ten years.
Over the whole period, resolving insolvency: recovery rate in Nigeria peaked at 28.2 cents on the dollar in 2011 and was at its lowest, 25.6 cents on the dollar, in 2003.
Nigeria ranks 119th of 191 countries on this measure, in the middle of the range.
The long-run direction has been consistently rising across the 17 years of available data.
Resolving insolvency: Recovery rate in Nigeria, year by year
| Year | cents on the dollar | Change |
|---|---|---|
| 2003 | 25.6 cents on the dollar | — |
| 2004 | 26.1 cents on the dollar | +2.0% |
| 2005 | 26.8 cents on the dollar | +2.7% |
| 2006 | 27.9 cents on the dollar | +4.1% |
| 2007 | 27.5 cents on the dollar | -1.4% |
| 2008 | 28 cents on the dollar | +1.8% |
| 2009 | 28 cents on the dollar | +0.0% |
| 2010 | 26.8 cents on the dollar | -4.3% |
| 2011 | 28.2 cents on the dollar | +5.2% |
| 2012 | 28.2 cents on the dollar | +0.0% |
| 2013 | 27.9 cents on the dollar | -1.1% |
| 2014 | 27.9 cents on the dollar | +0.0% |
| 2015 | 28 cents on the dollar | +0.4% |
| 2016 | 27.8 cents on the dollar | -0.7% |
| 2017 | 27.8 cents on the dollar | +0.0% |
| 2018 | 27.5 cents on the dollar | -1.1% |
| 2019 | 27.8 cents on the dollar | +1.1% |
Nigeria compared with similar countries
- Nigeria's 27.8 cents on the dollar is above the median for lower middle income countries, which is 24.9 cents on the dollar, 1.1× the median. (47 countries reporting)
- Nigeria's 27.8 cents on the dollar is above the median for Sub-Saharan Africa, which is 19.9 cents on the dollar, 1.4× the median. (48 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 27.13 cents on the dollar | 25.6 cents on the dollar | 28 cents on the dollar | 7 |
| 2010s | 27.79 cents on the dollar | 26.8 cents on the dollar | 28.2 cents on the dollar | 10 |
Countries ranked near Nigeria
- 116 Tonga 28.2 cents on the dollar compare
- 117 Guatemala 28.1 cents on the dollar compare
- 117 Lesotho 28.1 cents on the dollar compare
- 119 Gambia 27.8 cents on the dollar compare
- 121 United Arab Emirates 27.7 cents on the dollar compare
- 122 Ethiopia 27.3 cents on the dollar compare
- 122 Jordan 27.3 cents on the dollar compare
More reference data data for Nigeria
- Emission Totals - Indirect emissions (N2O) - Manure applied to Soils 1.77 (2050)
- Emission Totals - Indirect emissions (N2O) - Manure left on Pasture 19.51 (2050)
- Emission Totals - Indirect emissions (N2O) - IPCC Agriculture 27 (2050)
- Emission Totals - Indirect emissions (N2O) - Crop Residues 2.62 (2050)
- Emission Totals - Indirect emissions (N2O) - Agricultural Soils 27 (2050)
- Emission Totals - Emissions (N2O) - Manure applied to Soils 5.94 (2050)
- Emission Totals - Emissions (N2O) - Manure Management 5.8 (2050)
- Emission Totals - Emissions (N2O) - Manure left on Pasture 81.9 (2050)
- Emission Totals - Emissions (N2O) - IPCC Agriculture 121.16 (2050)
- Emission Totals - Emissions (N2O) - Crop Residues 14.27 (2050)
Frequently asked questions
- What is resolving insolvency: recovery rate in Nigeria?
- Resolving insolvency: recovery rate in Nigeria was 27.8 cents on the dollar in 2019, according to the World Bank.
- What is the highest resolving insolvency: recovery rate recorded in Nigeria?
- The highest recorded value was 28.2 cents on the dollar in 2011.
- What is the lowest resolving insolvency: recovery rate recorded in Nigeria?
- The lowest recorded value was 25.6 cents on the dollar in 2003.
- How does Nigeria rank for resolving insolvency: recovery rate?
- Nigeria ranks 119th out of 191 countries with data for 2019.
- Is resolving insolvency: recovery rate rising or falling in Nigeria?
- Over the last ten years it is down 0.7%. The long-run trend across the full record is rising.
- Where does this Nigeria data come from?
- The figures come from the World Bank, published as part of Resolving insolvency: Recovery rate (cents on the dollar). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 17 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
About this data
The recovery rate is recorded as cents on the dollar recovered by secured creditors through judicial reorganization, liquidation or debt enforcement (foreclosure or receivership) proceedings. The calculation takes into account the outcome: whether the business emerges from the proceedings as a going concern or the assets are sold piecemeal.