Live Market Performance

About NGX Consumer Goods Index

The NGX Consumer Goods Index tracks the performance of companies in the consumer goods sector listed on the Nigerian Exchange (NGX). These companies produce or distribute products for everyday consumption, including food, beverages, personal care, and household items.

The index provides insights into the health of Nigeria’s consumer goods industry, reflecting consumer spending patterns and the impact of economic trends on this critical sector.

Market Highlights

• Focus: Companies involved in the production and distribution of consumer goods.
• Performance Drivers: Consumer demand, inflation rates, and raw material costs.
• Key Components: Major players such as Nestlé Nigeria, Flour Mills, and Nigerian Breweries.
• Investor Appeal: Attracts interest for its stability and essential role in Nigeria’s economy.

Historical Milestones

• 2013: Introduction of the NGX Consumer Goods Index to highlight sector performance.
• 2017: Growth driven by increased local manufacturing and reduced imports.
• 2021: Strong recovery post-COVID-19 due to heightened consumer spending on essentials.
• 2024: Record growth supported by innovations in food production and sustainability initiatives.