How to Read the NGX Daily Official List: What Each Column on Nigeria's Daily Price List Means
The NGX Daily Official List records every listed share's official prices, last trade, 52-week range, dividend and P/E at the end of each trading day. Here is where to find it and how to read one line.
The NGX Daily Official List is the document Nigerian Exchange Limited publishes at the end of each trading day recording, for every listed equity, the official opening and closing prices, the last trade done, the 52-week high and low, the most recent dividend dates and amounts, and the earnings per share and price-to-earnings ratio on which the closing price stands. It is the formal end-of-day price record of the Nigerian market. The shorter "daily price list" that stockbrokers and news sites circulate is a summary drawn from the same day's trading and adds the day's volume, value and number of deals.
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Important disclaimer. This article is for educational purposes only. It is not financial advice and is not a recommendation to buy any specific share or investment product. Always do your own research and consider seeking independent financial advice before making any investment decision.
Where to Find It
The Daily Official List is published on the NGX Group website under market data, as a PDF for each trading day, with separate lists for equities, bonds, exchange-traded products and foreign listings. Because equities trade from 9:00 to 16:00 WAT, the list for a day appears after the close. The NGX website also shows a price page for each security, delayed by 30 minutes during the trading day. Most SEC-registered stockbrokers publish their own one-page price list each evening, and the financial press reproduces the market summary. The daily PDFs are free to download; the Exchange also sells end-of-day data packages and real-time feeds, which is where the figures on most apps and websites come from.
How the List Is Organised
The equities list is grouped first by board, with the Main Board, the Premium Board, the Growth Board and the real estate investment trusts and closed-end funds in separate sections, and then by sector and sub-sector: under Agriculture, for example, crop producers and livestock companies are listed separately. Within each sub-sector the companies appear in alphabetical order of ticker symbol, so you find a company by knowing its sector rather than from an alphabetical index of the whole market.
What Each Column Means
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- Symbol: the ticker the Exchange uses for the company, such as a short form of its name. Two companies can have similar names, so this is the field to trust.
- Security name: the company's full registered name.
- Public quotation price: the nominal or par value of one share, which for many Nigerian companies is 50 kobo. It is not the market price. Since January 2018 shares have been allowed to trade below their nominal value, so this column no longer acts as a floor.
- Official open: the price at which the security opened the day, which is normally the previous day's official close.
- Official close: the price the Exchange records as the closing price for the day. A plus or minus sign beside it marks a rise or fall from the previous close.
- Current market price: the most recent price at which the security traded, which may differ from the official close for the reason explained below.
- Ex-Div and Ex-Sc markers: flags showing that the share is currently trading without entitlement to a dividend, or without entitlement to a scrip or bonus issue, that has been announced.
- Business done: the price, date and quantity of the last trade in that security. If no trade has taken place for some time, the date shown will be older than the list date.
- 52-week high and low: the highest and lowest prices recorded over the past year.
- Last ex-div date and last ex-scrip date: the dates on which the most recent dividend and the most recent bonus or scrip issue went ex.
- Dividends: the date the last dividend was paid and the interim and final amounts per share.
- EPS and P.E.: the earnings per share from the company's latest published results and the closing price divided by that figure.
Official Close vs Last Traded Price
The two price columns can disagree, and the difference confuses first-time readers. Under the Exchange's pricing methodology, a trade moves the published price only if it meets a minimum quantity of shares. Smaller trades are executed at the agreed price but do not change the official price, so a company can show a current market price from a small trade that differs from its official close. The minimum quantity, and how it varies by price band, has been changed more than once and was under review again in 2026, so check the current rule on the NGX website rather than a figure quoted in an old article.
The Broker Price List: Previous Close, Open, High, Low, Close, Volume, Value and Deals
The one-page price list that brokers and news sites publish condenses the day into a different set of columns, and it is worth knowing both. Previous close is the official close of the day before. Open, high and low are the first price of the day and the highest and lowest prices traded during it. Close is the day's official close, and change is the difference from the previous close, usually shown in naira and as a percentage. Volume is the number of shares traded in the day, value is the total naira consideration of those trades, and deals is the number of separate transactions. A share can show a large volume from a single deal, or a small volume across many deals, and the three columns together tell you which.
Reading One Line
Take an invented company, EXAMPLE PLC, on a broker price list showing previous close 12.00, open 12.00, high 12.40, low 11.90, close 12.20, change +0.20 (+1.67%), volume 1,250,000, value ₦15,175,000 and deals 84. Reading across: the share ended yesterday at ₦12.00 and opened there today; it traded between ₦11.90 and ₦12.40; the official close of ₦12.20 is 20 kobo, or 1.67 per cent, above the previous close; and 1.25 million shares changed hands in 84 trades for about ₦15.2 million, an average of roughly ₦12.14 per share. The Daily Official List for the same day would show the official open and close, a business-done line for the last trade, and the 52-week range, dividend history, EPS and P/E in the columns to the right.
Nothing on the Daily Official List is a recommendation. It is a record of what happened. The prices, volumes and ratios describe one day's trading and the latest published results, and none of them says anything about what a share will do next.
Shares Saver arranges purchases through SEC-registered stockbrokers at the prices prevailing on the NGX, and the shares are registered in your own name at CSCS. See how a purchase moves from instruction to settlement.
See How It WorksThe NGX Daily Official List: FAQs
Is the official close the price I will pay tomorrow?
No. It is the reference price the next day opens from. The price you actually pay is whatever your order is matched at in the order book during the session, which can be above or below the previous close within the Exchange's daily limit of ten per cent in either direction.
Why does a company show a business-done date from weeks ago?
Because nobody has traded that share since. Some listed companies trade rarely, and the last-trade line simply shows the most recent one. The official close is carried forward until a qualifying trade changes it.
What do Ex-Div and Ex-Sc mean on the list?
Ex-Div means the share is currently trading without the right to a dividend that has been declared; a buyer today will not receive it. Ex-Sc is the same for a scrip or bonus issue. The dates in the last-ex columns tell you when each entitlement was cut off.
Important disclaimer. This article is for general information and educational purposes only. It does not constitute financial advice, investment advice, or any recommendation to buy, sell, or hold any security. The value of investments can fall as well as rise. You should seek independent regulated financial advice before making any investment decision. Shares Saver does not provide financial advice.
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