July 2, 2025, 01:01:15 (IST)
Conoil and Julius Berger removed from NGX 30 index after H1 review
Nigerian oil marketer Conoil Plc and construction firm Julius Berger Nigeria Plc have been removed from the NGX 30 index, which tracks the 30 largest and most liquid companies on the Nigerian stock market, according to a report in Premium Times. The change is the result of the Nigerian Exchange Group’s routine semi-annual rebalancing for the first half of 2025. The review, which ensures the index accurately reflects market performance based on criteria like market capitalization and liquidity, also led to adjustments in other sectoral indices, including those for banking, insurance, industrial, consumer goods, and oil & gas.