What is closing a business, time in Nigeria?

Closing a business, time in Nigeria was 2 years in 2012, according to World Bank, Doing Business project (http://www.doingbusiness.org/).

What is the highest closing a business, time recorded in Nigeria?

The highest recorded value was 2 years in 2003.

What is the lowest closing a business, time recorded in Nigeria?

The lowest recorded value was 2 years in 2003.

How does Nigeria rank for closing a business, time?

Nigeria ranks 34th out of 46 countries with data for 2012.

Is closing a business, time rising or falling in Nigeria?

Over the last ten years it is unchanged. The long-run trend across the full record is flat.

Where does this Nigeria data come from?

The figures come from World Bank, Doing Business project (http://www.doingbusiness.org/), published as part of Closing a business, time (years). Statizoid updates them automatically from the source API.

Closing a business, time in Nigeria

Name: Closing a business, time in Nigeria
Creator: World Bank, Doing Business project (http://www.doingbusiness.org/)
License: CC BY 4.0 (World Bank Open Data)

Nigeria: Closing a business, time was 2 years in 2012. ▬ Flat

Latest (2012)

2 years

Change on year

unchanged

World rank

34th

of 46 countries

All-time high

2 years

in 2003

All-time low

2 years

in 2003

Years of data

2003–2012

Closing a business, time in Nigeria, 2003–2012

Source: World Bank, Doing Business project (http://www.doingbusiness.org/). Measured in years.

Analysis

The most recent figure for closing a business, time in Nigeria is 2 years, measured in 2012. That is the highest value across all 10 years on record.

The figure is unchanged over ten years.

Over the whole period, closing a business, time in Nigeria peaked at 2 years in 2003 and was at its lowest, 2 years, in 2003.

Nigeria ranks 34th of 46 countries on this measure, in the middle of the range.

Averages by decade

Decade	Average	Lowest	Highest	Years
2000s	2 years	2 years	2 years	7
2010s	2 years	2 years	2 years	3

Countries ranked near Nigeria

31 Algeria 2.5 years compare
32 Cote d'Ivoire 2.2 years compare
32 Uganda 2.2 years compare
34 Gambia 2 years compare
34 Madagascar 2 years compare
34 Seychelles 2 years compare
34 South Africa 2 years compare
34 Sudan 2 years compare
34 Eswatini 2 years compare

See the full ranking of 52 places →

More private sector data for Nigeria

Merchandise trade 33.3% (2025)
Food imports 11.0% (2024)
Manufactures imports 46.0% (2024)
Merchandise imports 41.45 billion current US$ (2025)
Food exports 6.0% (2024)
Manufactures exports 3.5% (2024)
Merchandise exports 55.47 billion current US$ (2025)
Commercial service exports 4.55 billion current US$ (2025)
Transport services 35.0% (2025)
Computer, communications and other services 24.6% (2025)

All data for Nigeria →

Frequently asked questions

What is closing a business, time in Nigeria?: Closing a business, time in Nigeria was 2 years in 2012, according to World Bank, Doing Business project (http://www.doingbusiness.org/).
What is the highest closing a business, time recorded in Nigeria?: The highest recorded value was 2 years in 2003.
What is the lowest closing a business, time recorded in Nigeria?: The lowest recorded value was 2 years in 2003.
How does Nigeria rank for closing a business, time?: Nigeria ranks 34th out of 46 countries with data for 2012.
Is closing a business, time rising or falling in Nigeria?: Over the last ten years it is unchanged. The long-run trend across the full record is flat.
Where does this Nigeria data come from?: The figures come from World Bank, Doing Business project (http://www.doingbusiness.org/), published as part of Closing a business, time (years). Statizoid updates them automatically from the source API.

Download this data

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About this data

Indicator: Closing a business, time (years)
Unit: years
Source: World Bank, Doing Business project (http://www.doingbusiness.org/)
Licence: CC BY 4.0 (World Bank Open Data)
Coverage: 52 places, 502 data points, 2003–2012
Last refreshed: 07 August 2026

Time is recorded in calendar years. Information is collected on the sequence of procedures and on whether any procedures can be carried out simultaneously. Potential delay tactics by the parties, such as the filing of dilatory appeals or requests for extension, are taken into consideration. For more information, visit http://www.doingbusiness.org/MethodologySurveys/.