Nakskov is a market town on the island of Lolland in south Denmark. The town has a population of 12,445 and is the largest town on the island …Nakskov is a market town on the island of Lolland in south Denmark. The town has a population of 12,445 and is the largest town on the island of Lolland. It is located in Lolland municipality in Region Sjælland.