Index chart

Check the chart’s instrument, timestamp and timezone before using its values. Its data source and update schedule are separate from the historical table below.

About NGX Banking Index

The NGX Banking Index provides a benchmark for the performance of the banking sector within the Nigerian Exchange (NGX). It is composed of the most liquid and capitalized banking stocks, offering insights into the sector’s overall performance and market trends.

This index serves as a critical tool for investors and analysts tracking developments in the Nigerian financial sector, including commercial, investment, and microfinance banking institutions.

Market Highlights

• Focus: Banking and financial services sector.
• Performance Drivers: Impact of interest rates, monetary policy changes, and credit market performance.
• Company examples: Zenith Bank, Access Bank, GTCO, UBA and First Bank. These saved examples are not a verified current constituent list; use the exchange’s dated review.
• Investor Sentiment: Strong interest due to stability and profitability in the Nigerian banking sector.

Index history and source notes

The exchange’s index review background dates the sector-index family, including this index, to July 2008.

Membership changes through periodic reviews. Check the effective date on NGX’s published constituent-change notice; a historical company list does not establish current membership.