LADIES AND GENTLEMEN, I present to you one of the first buyable ETFs in the Nigerian market.

The Vetiva Banking ETF is an open-ended Exchange Traded Fund managed by Vetiva Fund Managers Limited. The fund is designed to track the performance of the NGX Banking Index, replicating both the price movement and dividend yield of the banking sector.
The ETF holds a diversified basket of major Nigerian banking stocks, including:
Access Holdings
Fidelity Bank
United Bank for Africa
Ecobank Transnational Incorporated
Guaranty Trust Holding Company
Wema Bank
First HoldCo
Stanbic IBTC Holdings
Zenith Bank
FCMB Group
The ETF previously reached an all-time high NAV of ₦43.5 and is currently trading about 44% below that level. Importantly, the fundamentals of Nigerian banks remain largely unchanged, with strong earnings, improving capital positions, and attractive dividend yields.
At these levels, VETBANK appears to be trading in a compelling accumulation zone, providing exposure to the entire banking sector through a single instrument rather than selecting individual names.
Personally, I’ve placed bids around this region and will continue monitoring price action.
See you higher.
#NFA