NGX announces major overhaul of market indices

The Nigerian Exchange Limited has announced a midyear review of its market indices, leading to the inclusion and removal of companies across several benchmark indices. The changes took effect at the start of trading on Tuesday, July 1, 2025.

According to a statement issued by the Exchange, the affected indices 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; and Meristem Value Index, as well as the five sectoral indices: Banking, Insurance, Industrial, Consumer Goods, and Oil & Gas.

For the 30 Index, Aradel Holdings Plc, Wema Bank Plc, Conoil Plc, and Julius Berger Nigeria Plc were added. In the NGX Consumer Goods Index, McNichols Consolidated Plc and Golden Guinea Breweries Plc joined the list.

LASACO Assurance Plc, Fortis Global Insurance Plc, and International Energy Insurance Plc were added to the Insurance Index, while Austin Laz & Company Plc and Notore Chemical Industries Plc were included in the Industrial Index.

No changes were made to the NGX Banking, NGX Oil & Gas, NGX Pension, NGX Lotus Islamic, Corporate Governance, and NGX Pension Broad indices.

In the Afrinvest Dividend Yield Index, Access Holdings Plc, FCMB Group Plc, and Julius Berger Nigeria Plc were added. The Meristem Growth Index saw the inclusion of Wema Bank Plc, Chemical and Allied Products Plc, Guaranty Trust Holding Company Plc, Fidelity Bank Plc, Transnational Corporation Plc, United Bank for Africa Plc, Unilever Nigeria Plc, and Guinness Nigeria Plc.

Meanwhile, United Bank for Africa Plc, Unilever Nigeria Plc, Guinness Nigeria Plc, and Julius Berger Nigeria Plc were added to the Meristem Value Index.