The Nigerian Exchange Limited (NGX) announced a comprehensive midyear review of its market indices, resulting in the addition and removal of companies across several key benchmarks. The changes took effect at the opening of trading on Tuesday, July 1, 2025.
In an official statement, NGX confirmed that the review impacted multiple indices, including the NGX 30, NGX Lotus Islamic, NGX Pension, NGX Pension Broad, Corporate Governance, Afrinvest Bank Value, Afrinvest Dividend Yield, Meristem Growth, and Meristem Value indices, as well as the five sectoral indices covering Banking, Insurance, Industrial, Consumer Goods, and Oil & Gas.
Significant updates include the addition of Aradel Holdings Plc, Wema Bank Plc, Conoil Plc, and Julius Berger Nigeria Plc to the NGX 30 Index. In the Consumer Goods Index, new entrants include McNichols Consolidated Plc and Golden Guinea Breweries Plc.
The Insurance Index welcomed LASACO Assurance Plc, Fortis Global Insurance Plc, and International Energy Insurance Plc, while the Industrial Index incorporated Austin Laz & Company Plc and Notore Chemical Industries Plc.
No changes were recorded for 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 a notable expansion with 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.
Similarly, United Bank for Africa Plc, Unilever Nigeria Plc, Guinness Nigeria Plc, and Julius Berger Nigeria Plc were added to the Meristem Value Index.
These index adjustments reflect the dynamic nature of the Nigerian capital market and are designed to ensure that the benchmarks accurately represent market activity and investor interest.
