Live Market Performance

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.
• Key Components: Leading banks such as Zenith Bank, Access Bank, GTCO, UBA, and First Bank.
• Investor Sentiment: Strong interest due to stability and profitability in the Nigerian banking sector.

Historical Milestones

• 2004: Introduction of the NGX Banking Index to track the performance of the financial sector.
• 2008: Significant growth recorded during the banking consolidation era in Nigeria.
• 2020: Resilience shown during the COVID-19 pandemic with digital banking and financial inclusion driving growth.
• 2024: Record levels achieved due to improved earnings, monetary policy adjustments, and increased foreign investments.