Nigerian Exchange on Monday, 17March 2025 notified the investing public of the listing of NGX30U5and NGXPENSIONU5 Futures Contracts.
Futures contracts are a type of derivative contract that obligates the buyer to purchase or the seller to sell an underlying asset at a predetermined price and date in the future
A derivative contract is a financial agreement or instrument whose value is derived from an underlying asset. The underlying assets can include commodities, stocks, bonds, currencies, interest rates, or market indexes. There are various types of derivative contracts, including futures contracts, options contracts, swaps, and forwards.
For the NGX30U5 Futures contract, the underlying asset is NGX 30 Index and it was listed at 4,226.75 points.
For NGXPENSIONU5 Futures contract, the underlying asset is NGX Pension Index, and it was listed at 5,079.75 points.