5 MINUTE DELAYED DATA: ABB2026S0 N100.000.00 % ABBEYBDS [BLS] N0.950.00 % ABCTRANS N0.330.00 % ACADEMY N0.390.00 % ACCESS N8.950.35 % AFRINSURE [MRF] N0.200.00 % AFRIPRUD N6.40-0.05 % AFROMEDIA N0.200.00 % AGB2024S0 N100.000.00 % AIICO N0.960.00 % AIRTELAFRI N715.000.00 % ALEX [BLS] N7.200.00 % ARBICO [BLS] N1.030.00 % ARDOVA N15.500.00 % ASOSAVINGS [MRS] N0.500.00 % AUSTINLAZ [BLS] N2.030.00 % AXA2027S1 N100.000.00 % BAPLC N6.250.00 % BAU2021S1 N100.000.00 % BERGER N8.900.00 % BETAGLAS N52.950.00 % BNB2022S0 N100.000.00 % BOCGAS N11.650.00 % BUA2027S1 N100.000.00 % BUACEMENT N68.000.00 % CADBURY N8.000.00 % CAP N19.600.00 % CAPHOTEL [BLS] N3.190.00 % CAPOIL [MRF] N0.200.00 % CAVERTON N1.750.03 % CHAMPION [BLS] N2.000.09 % CHAMS N0.230.01 % CHELLARAM [MRF] N2.240.00 % CHIPLC N0.570.02 % CIB2023S1 N100.000.00 % CIL2028S2 N100.000.00 % CILEASING N4.700.00 % CMB2025S1 N100.000.00 % CONOIL N25.500.95 % CORNERST N0.580.00 % COURTVILLE N0.320.00 % CRS2022S1 N108.740.00 % CSF2025S1 N100.000.00 % CUSTODIAN N6.700.00 % CUTIX N4.65-0.05 % CWG [BLS] N1.250.00 % DAARCOMM N0.200.00 % DAN2024S1TA N100.000.00 % DAN2026S1TB N100.000.00 % DAN2028S1TC N100.000.00 % DANGCEM N245.000.00 % DANGSUGAR N17.200.00 % DCM2025S1 N100.000.00 % DEAPCAP [DWL] N0.200.00 % DUNLOP [MRS] N0.200.00 % EKOCORP [BLS] N5.790.00 % ELLAHLAKES [BLS] N4.250.00 % ENAMELWA N16.200.00 % EPF2026S1 N100.000.00 % ETERNA N7.000.33 % ETI N5.300.15 % ETRANZACT N2.050.00 % EUNISELL N2.910.00 % FBB2022S0 N94.830.00 % FBNH N7.500.00 % FBQ2023S1 N100.000.00 % FBQ2030S2 N100.000.00 % FCM2021S1 N100.980.00 % FCMB N2.960.00 % FFFBNBALF N146.140.00 % FFFBNFIF N1234.590.00 % FFFBNMMF N100.000.00 % FFFRONTIER N121.430.00 % FFFSDHCGF N3002.680.00 % FFFSDHCIF N2858.810.00 % FFIONEABMM N100.000.00 % FFIONEVBF N2.150.00 % FFIONEVGIF N1.000.00 % FFLEGYDTFD N3.350.00 % FFLEGYEYFD N1.180.00 % FFLEGYMMFD N100.000.00 % FFLEGYUBFD N1.040.00 % FFSFSFIXED N1.030.00 % FFUNCAPBDF N1.650.00 % FFUNCAPBLF N1.230.00 % FFUNCAPEBF N109.300.00 % FFUNCAPEQF N0.720.00 % FFUNCAPMMF N1.000.00 % FFUNCAPWFF N1.120.00 % FG112024S1 N118.320.00 % FG112024S1 N118.320.00 % FG112034S2 N97.040.00 % FG112034S2 N97.040.00 % FG132026S1 N97.960.00 % FG132026S1 N97.960.00 % FG132036S2 N100.010.00 % FG132036S2 N100.010.00 % FG142027S1 N114.060.00 % FG142027S1 N114.060.00 % FG142037S2 N128.080.00 % FG142037S2 N128.080.00 % FG152023S3 N96.250.00 % FG152025S2 N100.000.00 % FG152025S2 N100.000.00 % FG152028S1 N110.000.00 % FG152028S1 N110.000.00 % FG162029S1 N100.000.00 % FG162029S1 N100.000.00 % FG162049S2 N145.050.00 % FG162049S2 N145.050.00 % FG172035S1 N114.310.00 % FG172035S1 N114.310.00 % FG172045S3 N100.000.00 % FG172045S3 N100.000.00 % FG172050S2 N105.000.00 % FG172050S2 N105.000.00 % FG5B2028S5 N100.000.00 % FG5B2028S5 N100.000.00 % FG6B2029S3 N100.000.00 % FG6B2029S3 N100.000.00 % FG6B2029S5 N100.000.00 % FG6B2029S5 N100.000.00 % FG7B2030S3 N70.500.00 % FG7B2030S3 N70.500.00 % FG9B2022S1 N100.000.00 % FGB2022S1 N100.000.00 % FGB2022S1 N100.000.00 % FGB2026S2 N110.750.00 % FGB2026S2 N110.750.00 % FGDIA2022S1 N100.000.00 % FGEUR2023S9 N98.190.00 % FGEUR2025S5 N100.000.00 % FGEUR2027S2 N100.000.00 % FGEUR2030S8 N100.000.00 % FGEUR2031S6 N100.000.00 % FGEUR2032S1 N100.000.00 % FGEUR2038S7 N100.000.00 % FGEUR2047S3 N100.000.00 % FGEUR2049S4 N100.000.00 % FGS202139 N85.000.00 % FGS202141 N100.000.00 % FGS202143 N104.000.00 % FGS202162 N100.000.00 % FGS202164 N104.290.00 % FGS202166 N100.000.00 % FGS202245 N100.000.00 % FGS202247 N90.000.00 % FGS202247 N90.000.00 % FGS202249 N95.000.00 % FGS202249 N95.000.00 % FGS202251 N106.150.00 % FGS202251 N106.150.00 % FGS202253 N90.000.00 % FGS202253 N90.000.00 % FGS202255 N101.590.00 % FGS202255 N101.590.00 % FGS202257 N100.000.00 % FGS202257 N100.000.00 % FGS202259 N100.000.00 % FGS202259 N100.000.00 % FGS202261 N100.000.00 % FGS202261 N100.000.00 % FGS202263 N99.640.00 % FGS202263 N99.640.00 % FGS202265 N97.500.00 % FGS202265 N97.500.00 % FGS202267 N100.050.00 % FGS202267 N100.050.00 % FGS202268 N97.000.00 % FGS202270 N93.440.00 % FGS202270 N93.440.00 % FGS202272 N94.920.00 % FGS202272 N94.920.00 % FGS202274 N100.000.00 % FGS202274 N100.000.00 % FGS202276 N100.000.00 % FGS202276 N100.000.00 % FGS202278 N100.000.00 % FGS202278 N100.000.00 % FGS202280 N100.000.00 % FGS202280 N100.000.00 % FGS202282 N100.000.00 % FGS202369 N101.000.00 % FGS202369 N101.000.00 % FGS202371 N100.000.00 % FGS202371 N100.000.00 % FGS202373 N100.000.00 % FGS202373 N100.000.00 % FGS202375 N85.000.00 % FGS202375 N85.000.00 % FGS202377 N100.000.00 % FGS202377 N100.000.00 % FGS202379 N100.000.00 % FGS202379 N100.000.00 % FGS202381 N100.000.00 % FGS202381 N100.000.00 % FGS202383 N100.000.00 % FGS202384 N100.000.00 % FGS202386 N75.000.00 % FGS202388 N100.000.00 % FGS202390 N100.000.00 % FGS202392 N100.000.00 % FGS202394 N100.000.00 % FGS202396 N103.000.00 % FGS202398 N100.000.00 % FGS202485 N100.000.00 % FGS202487 N100.000.00 % FGS202489 N103.000.00 % FGS202491 N100.000.00 % FGS202493 N100.000.00 % FGS202495 N100.000.00 % FGS202497 N100.000.00 % FGS202499 N100.000.00 % FGSUK2024S1 N104.420.00 % FGSUK2025S2 N103.790.00 % FGSUK2027S3 N100.000.00 % FID2031S1 N100.000.00 % FIDELITYBK N2.450.04 % FIDSON N6.05-0.04 % FLOURMILL N29.10-0.25 % FMN2021S1 N100.000.00 % FMN2023S2 N100.000.00 % FMN2023S3A N100.000.00 % FMN2025S3B N100.000.00 % FOB2021S1 N100.000.00 % FTNCOCOA [RST] N0.500.00 % GLAXOSMITH N6.100.10 % GMB2019S1 N100.000.00 % GMB2022S1 N100.000.00 % GOLDBREW [BRS] N0.810.00 % GOLDINSURE [MRS] N0.200.00 % GREENWETF N100.000.00 % GSPECPLC N4.190.00 % GTCO N27.750.35 % GUINEAINS N0.200.00 % GUINNESS N30.000.00 % HONYFLOUR N3.80-0.02 % IAO2026S1 N100.000.00 % IKEJAHOTEL N1.140.00 % INFINITY [BLS] N1.320.00 % INTBREW [BLS] N4.800.00 % INTENEGINS [MRS] N0.380.00 % JAIZBANK N0.570.01 % JAPAULGOLD N0.480.02 % JBERGER N27.000.00 % JOHNHOLT N0.720.00 % JULI [MRF] N0.910.00 % KGB2020S1 N100.000.00 % KGB2022S2 N100.000.00 % LAB2023S1 N100.000.00 % LAB2027T2 N100.000.00 % LAB2027T4 N100.000.00 % LASACO N1.200.00 % LEARNAFRCA N1.440.00 % LINKASSURE N0.600.01 % LIVESTOCK N2.120.02 % LIVINGTRUST [BLS] N0.670.00 % LMS2025S2 N100.000.00 % LOTUSHAL15 N13.500.00 % MANSARD N0.830.00 % MAYBAKER N4.470.00 % MBENEFIT N0.300.00 % MCI2026S1 N100.000.00 % MCNICHOLS N0.770.00 % MEDVIEWAIR [BMF] N1.620.00 % MERGROWTH N16.000.00 % MERVALUE N18.000.00 % MEYER N0.200.00 % MORISON N2.100.00 % MRE2022S1 N100.000.00 % MRE2023S2A N100.000.00 % MRE2023S2B N100.000.00 % MRS N15.200.00 % MTNN N175.000.00 % MULTITREX [BMR] N0.360.00 % MULTIVERSE N0.200.00 % NAHCO N3.50-0.02 % NASCON N14.800.65 % NB N48.750.00 % NCR N3.000.00 % NEIMETH N1.750.00 % NEM N2.000.00 % NESF N552.200.00 % NESTLE N1400.000.00 % NEWGOLD N8600.000.00 % NIGERINS [MRF] N0.200.00 % NMR2027S3 N100.000.00 % NMR2030S1 N100.000.00 % NMR2033S2 N100.000.00 % NNFM N8.000.00 % NOTORE [BLS] N62.500.00 % NOVA2027S1 N100.000.00 % NPFMCRFBK N1.650.00 % NSLTECH N0.200.00 % NSP2031S2 N100.000.00 % NSP2034S1 N100.000.00 % OANDO [MRF] N4.940.12 % ODB2027S1 N100.000.00 % OKOMUOIL N110.006.00 % OMATEK [RST] N0.200.00 % OYB2022S1 N100.000.00 % PBS2026S1 N100.000.00 % PHARMDEKO N2.140.19 % PLA2022SO N100.000.00 % PREMPAINTS N10.000.00 % PRESCO N73.00-6.50 % PRESTIGE [BLS] N0.470.00 % PZ [MRF] N5.750.00 % RAKUNITY [MRF] N0.300.00 % REDSTAREX N3.000.00 % REGALINS N0.44-0.03 % RESORTSAL [MRF] N0.200.00 % ROYALEX [MRF] N0.550.00 % RTBRISCOE N0.200.00 % SB2024S1TA N100.000.00 % SB2024S1TB N100.000.00 % SCOA N0.87-0.09 % SEPLAT N710.000.00 % SFSREIT N67.900.00 % SIAMLETF40 N118.210.00 % SIM2023S1 N100.000.00 % SIM2025S2 N100.000.00 % SKYAVN N4.050.00 % SMURFIT [MRF] N0.200.00 % SOVRENINS N0.250.02 % STACO [MRF] N0.480.00 % STANBIC N39.000.00 % STANBICETF30 N40.000.00 % STDINSURE [MRF] N0.200.00 % STERLNBANK N1.47-0.02 % STUDPRESS N1.780.00 % SUNUASSUR N0.450.00 % TANTALIZER N0.200.00 % THOMASWY [MRS] N0.350.00 % TIP N0.470.00 % TOTAL N192.00-7.20 % TOURIST [DIP] N2.840.00 % TRANSCOHOT [BLS] N4.950.00 % TRANSCORP N0.930.03 % TRANSEXPR N0.890.00 % TRIPPLEG N0.960.00 % TRN2022S1 N100.000.00 % TSL2030S1 N100.000.00 % UACN N10.000.00 % UBA N7.500.05 % UBA2021S1 N100.000.00 % UBN [BLS] N4.950.00 % UBN2029S3 N100.000.00 % UCAP N8.600.20 % UCAP2025S1 N100.000.00 % UHOMREIT N36.600.00 % UNHOMES [MRS] N3.020.00 % UNILEVER N13.200.00 % UNIONDAC [MRF] N0.280.00 % UNIONDICON [BRS] N9.900.00 % UNITYBNK N0.550.00 % UNIVINSURE N0.200.00 % UPD2023S1 N100.000.00 % UPDC [BLS] N1.870.04 % UPDCREIT N5.600.00 % UPL N1.020.00 % VANLEER N6.050.00 % VERITASKAP N0.230.00 % VETBANK N3.690.00 % VETGOODS N5.490.00 % VETGRIF30 N16.75-0.10 % VETINDETF N19.590.05 % VITAFOAM N17.500.00 % VSPBONDETF N180.480.00 % WAPCO N22.400.00 % WAPIC N0.500.00 % WEM2023S1 N100.000.00 % WEMABANK N0.760.00 % ZAM2022S1 N100.000.00 % ZENITHBANK N23.500.65 %

REITS and CEFs

REITS

Real Estate Investment Trusts (REITs) are corporations or trusts that use the pooled capital of many investors to purchase and manage income property and/or mortgage loans. REITs are traded on ​NGX just like stocks; you can buy or sell REITs through your stockbroker​ as with other types of shares. 

Key features
  1. REITs offer tax advantages to investors and provide a liquid way to invest in real estate, which is an otherwise illiquid market. ​
  2. Another benefit of REITs is that they allow investors to share in non-residential properties like hotels, malls, and industrial properties.
  3. REITs require no minimum investment and do not necessarily increase and decrease in value along with the broader market.
  4. They pay yields in the form of dividends no matter how the shares perform.
  5. REITs can be valued based on fundamental measures – similarly to stocks – but different numbers tend to be important for the valuation of REITs.

There are three principal types of REITs:

Equity REITs – purchase, hold and manage commercial and rental properties. Though they will finance these properties in many cases, their primary focus is on profits through acquisition and management.

Mortgage REITs – do not purchase, own or manage properties. They invest in mortgages on real estate properties. Though these properties serve as collateral for the loans the mortgage REIT invests in, the REIT has no ownership position in the property itself. ​

Hybrid REITs – combine the investment strategies of equity REITs and mortgage REITs by investing in both properties and mortgages.

​​

CEFs

Closed-end funds (or closed ended funds) are collective investment schemes with limited number of shares. It is called a closed end fund (CEF) because new shares are rarely issued once the fund has been launched, and because share are not normally redeemable for cash or securities until the fun liquidates.

Some characteristics that distinguish a close-end fund from an ordinary open-end mutual fund are that:

  • It is closed to new capital after it begins operating, i.e. they do not continue to sell new shares endlessly as Mutual funds do.
  • Its shares (typically) trade on stock Exchanges rather than being redeemed directly by the funds.
  • Closed-end funds trade continuously at whatever price the market dictates (it can trade at premium or discount to NAV), while open-end funds can only trade at Net Assest Value (NAV)
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