Bringing you live news and features since 2006 


Stanbic IBTC ETF 30 to launch on Nigerian Stock Exchange


Stanbic IBTC Asset Management is to launch the Stanbic IBTC ETF 30 on the Nigerian Stock Exchange (NSE).

The firm has received approvals for the listing of 10,000,000 units of the new fund, which will seek to replicate the return of the NSE 30 Index, from both the Nigerian Securities and Exchange Commission and the NSE.
The initial offering, with a minimum subscription of 10,000 units, is due to open on 15 September and close on 15 October. Stanbic IBTC Capital is the issuing house for the offer.
Olumide Oyetan, managing director and chief executive officer of Stanbic IBTC Asset Management, says the new fund will give investors access to the performance of the NSE.
“The NSE 30 Index comprises of the top 30 companies in terms of market capitalisation,” he says. “The index serves as the flagship benchmark for the stock market as it represents 92 per cent of The NSE’s market capitalisation.”

Latest News

Saving and investing app, Moneybox, has doubled the number of ETFs available on the platform, in the light of ‘growing..
Global X ETFs has announced the appointment of Ryan O'Connor as its Chief Executive Officer effective as of April 8, 2024. ..
Value-driven structured credit investing firm, Angel Oak Capital Advisors, LLC, has announced the completed conversions of two of its mutual..
Confidence in the continuing strength of bitcoin and Ethereum is driving wider interest in altcoins and other digital assets, according..

Related Articles

Graham MacKenzie, Toronto Stock Exchange
The evolution of ETFs has been a multi-decade experience for Toronto Stock Exchange says Graham MacKenzie, managing director, Exchange Traded...
Frank Koudelka, State Street Global Services
ETF data provider and ETF Express data partner, Trackinsight, has published its Global ETF Survey 2024 Report: ‘50+ Charts on...
Matteo Greco, Research Analyst at Fineqia International writes that bitcoin (BTC) ended the week at approximately USD52,150, showing a notable...
US Distribution Awards trophies
The winners of the first US ETF Distribution Awards at the Exchange conference, hosted by ETF Express and sponsored by...
Subscribe to the ETF Express newsletter

Subscribe for access to our weekly newsletter, newsletter archive, updates on the site and exclusive email content.

Marketing by