The Nigerian Stock Exchange (NGX), officially known as the Nigerian Exchange Group, comprises the leading integrated market infrastructure in Africa that is servicing the Nigerian economy – the continent’s largest. The NGX provides capital access to companies that are seeking to gain the support of the financial markets to fund their business expansion.
Similarly, NGX offers its pool of domestic, regional, and international investors an assortment of regulated securities to in turn achieve their investment objectives.
Since March 2021, the former Nigerian Stock Exchange was demutualized from a member-owned not-for-profit entity into a shareholder-owned, profit-making entity called the Nigerian Exchange Group Plc.
NGX publishes the standard, value-weighted All-Share Index (ASI), formulated in January 1984 with a base value of 100. The ASI tracks the general market movement of all listed equities on the Exchange, including those listed on the Growth Board, regardless of capitalization.