Business Sectors in the Nigerian Stock Exchange

The Nigerian Stock Exchange (now known as Nigerian Exchange Group or NGX) organizes its listed companies into several key business sectors. These sectors reflect the diversity of Nigeria’s economy and provide a framework for investors to analyze and select stocks based on industry trends and performance.

Main Sectors on the Nigerian Stock Exchange:

• Agriculture
  Companies involved in farming, agro-processing, and related activities45.

• Conglomerates
  Large, diversified companies with business interests across multiple sectors4.

• Construction/Real Estate
  Firms engaged in property development, construction, and real estate services45.

• Consumer Goods
  Producers of food, beverages, household products, and other fast-moving consumer goods (FMCGs)475.

• Financial Services
  Includes banks, insurance companies, investment firms, and other financial institutions4537.

• Healthcare
  Pharmaceutical companies, healthcare providers, and medical equipment suppliers457.

• Information and Communication Technology (ICT)/Technology
  Companies providing software, hardware, IT services, and telecommunications4573.

• Industrial Goods/Industrials
  Manufacturing, engineering, and construction materials companies4567.

• Natural Resources/Basic Materials
  Firms involved in mining, chemicals, and raw materials production457.

• Oil and Gas
  Companies engaged in the exploration, production, and distribution of oil and gas products4573.

• Services/Utilities
  Businesses offering utility services (power, water, gas), media, and other general services45.

Additional Classifications and Indices:

The NGX also tracks sectoral performance through various indices, including:

• Banking Index

• Consumer Goods Index

• Oil & Gas Index

• Industrial Goods Index

• Insurance Index

• Pension Index

• Premium Index

• Lotus Islamic Index

• Alternative Securities Market Index (ASeM)24

Summary Table of Sectors

These sectors provide a comprehensive overview of the Nigerian stock market’s structure, enabling investors to diversify portfolios and target industries aligned with their investment objectives453.