Nigerian ETFs Return Up to 291% in 2026, but Liquidity Remains a Concern

NGX data for 27 October 2026 shows that some Nigerian exchange-traded funds have recorded strong year-to-date gains. The SIAML Pension ETF 40 led the listed funds at 291.30%, followed by the Vetiva Industrial ETF at 98.64% and the Stanbic IBTC ETF 30 at 96.86%. Nine of the 12 ETFs recorded double-digit gains.

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