Lagos, July 1, 2025 – Nigerian Exchange Limited (NGX) on Wednesday announced the outcome of its half-year 2025 review of its market indices.
It said the review followed a comprehensive assessment of constituent companies across key market benchmarks.
The NGE said in a statement that the review covered the NGX 30 Index, NGX Lotus Islamic Index, NGX Pension Index, NGX Pension Broad Index, Corporate Governance Index, Afrinvest Bank Value Index, Afrinvest Dividend Yield Index and Meristem Growth Index.
Others are Meristem Value Index, as well as NGX’s sectoral indices comprising the NGX Banking, NGX Insurance, NGX Industrial, NGX Consumer Goods and NGX Oil & Gas Indices.
It said the changes reflected the application of the Exchange’s prescribed index methodology and periodic rebalancing process.
“The updated constituent changes took effect at the opening of trading on Tuesday, 1 July 2025, with new companies admitted into selected indices and others removed following the review process. Indices Title I
“The semi-annual review reinforces NGX’s commitment to maintaining transparent, investable and representative benchmarks that accurately reflect prevailing market conditions.
“The indices serve as Nigerian Exchange Limited 3 www.ngxgroup.com important tools for investors, asset managers and other market participants in tracking performance, evaluating investment opportunities and benchmarking portfolio returns,” it said.
The NGX said the review was designed using the market capitalisation methodology.
“NGX indices are reviewed semi-annually on the first business day of January and July to ensure they remain aligned with evolving market dynamics and international best practices,” it said.
The Exchange said it reserved the right to make further adjustments where necessary in the event of mergers, acquisitions, trading suspensions, resumptions or other corporate actions prior to the effective date of an index review.
