Nigerian ETFs Surge in January 2026 Amid Strong Demand

In January 2026, the performance of Nigerian Exchange Traded Funds (ETFs) surged as demand pushed prices above their true value. The total trading volume for ETFs reached 6.33 million units, with a total value of N1.51 billion, indicating a significant increase in market activity.

Twelve ETFs are listed on the Nigerian Exchange Group (NGX), with two notable funds being the Vetiva Griffin 30 ETF and the NewGold Exchange Traded Fund, which posted returns of 36.64% and 35.25%, respectively. The Stanbic IBTC ETF 30's return reflected price dislocation rather than tracking a specific stock index.

Smaller ETFs showed impressive double-digit returns, with the Vetiva Consumer Goods ETF recording a solid 45.18% return. The data suggests that investors are increasingly seeking targeted exposure to specific sectors, particularly the consumer goods sector, which has shown strong growth due to rising demand for consumer products in Nigeria.