NGX Unveils 2025 Market Index Review and Launches New Commodity Index

Lagos, Nigeria – Thursday, 2 January 2025 The Nigerian Exchange Limited (NGX), a key driver of Africa’s largest economy, has announced the results of its 2025 full-year market index review. The indices under review include the NGX 30, NGX Lotus Islamic, NGX Pension, NGX Pension Broad Index, Corporate Governance Index, Afrinvest Bank Value Index, Afrinvest Dividend Yield Index, Meristem Growth Index, Meristem Value Index, and five Sectoral Indices: NGX Banking, NGX Insurance, NGX Industrial, NGX Consumer Goods, and NGX Oil & Gas.

These indices, which are recalibrated twice yearly in January and July, are designed to help investors track market movements and optimize their portfolios. NGX’s methodology focuses on market capitalization, ensuring the indices reflect the dynamic nature of Nigeria’s economy.

In a significant development, NGX has also launched the NGX Equity-Based Commodity Index. This innovative index tracks companies operating in critical sectors such as energy, agriculture, mining, metals, and natural resources. By doing so, it offers investors a unique opportunity to gain exposure to the raw materials and commodities that power global economic growth.

The starting lineup for this new index includes industry heavyweights like Geregu Power Plc, Multiverse Mining and Exploration Plc, Okomu Oil Palm Plc, Presco Plc, Seplat Energy Plc, Transcorp Power Plc, and Aradel Holdings Plc. The index debuts with a baseline value of 1,000, setting the stage for tracking its growth trajectory.

Speaking on this development, Jude Chiemeka, CEO of NGX, emphasized the Exchange’s commitment to innovation and market deepening. “We remain steadfast in our mission to be Africa’s leading securities exchange, offering products and solutions that connect Nigeria, Africa, and the world while driving liquidity and investment opportunities.”

Abimbola Babalola, Head of Trading & Products, highlighted the importance of the semi-annual index reviews. “Our indices are thoughtfully developed and rebalanced to empower investors with the tools they need to make informed decisions and effectively manage their investments.”