Indices & Benchmarks

Rules-Based Benchmarks for African Capital Markets

Transparent, reproducible indices built exclusively on public data. Every input verifiable. Every calculation documented.

204-Month Back-Test IOSCO-Aligned
Flagship Index VNG-CRR

Nigeria Cash Real Return Index

Measures what Nigerian cash actually earns after inflation. The number that matters for real purchasing power.

As of 31 January 2026
Nominal 1182.01
Real 1026.97
MoM Real Return +4.39%
Real Return Performance
One Month +4.39%
Three Months +5.30%
Six Months +6.92%
One Year +2.70%
Since Inception −61.67%
Growth of 100 Since Inception
Inception Date 28 February 2009
Base Value 1000.00
Currency NGN
Frequency monthly
Components 91-Day NTB, CPI

Past performance is not indicative of future results. Index returns are for illustrative purposes and do not represent actual investment returns.

Public Data Only

Every index input is sourced from official government publications and regulated market data. No proprietary vendor feeds, no estimated data, no black boxes.

Every Calculation Has a Paper Trail

Full methodologies published and freely available. Calculation rules, data sources, validation frameworks, and historical back-test data are documented and downloadable.

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Aligned with IOSCO Principles

Our index methodologies are designed in alignment with the IOSCO Principles for Financial Benchmarks, the global standard for index governance and transparency.

API
Index Data Feed

Machine-readable index values, period returns, and constituent data via JSON or CSV. Suitable for portfolio systems, Bloomberg uploads, and internal models.

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Free · Open Access
Index Documents & Data

Fact sheets, full methodology, historical data in CSV and Excel. Everything you need to understand and replicate our indices. All freely available.

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Enterprise
Index Licensing

License our indices for use as benchmarks in fund documentation, investment mandates, or performance attribution. Contact our team to discuss terms.

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