VNG-CRR

Venoble Nigeria Cash Real Return Index

Measures the real, inflation-adjusted return from holding Nigerian cash. Each month, it takes the yield on 91-day Treasury Bills and subtracts the impact of inflation to show what cash holdings actually earned or lost in purchasing power.

Level

1,019.29

YTD

-0.75%

1Y Return

+2.63%

Annualized

-4.06%

As of 2026-02-01

Performance

Monthly Returns (%)

Year	Jan	Feb	Mar	Apr	May	Jun	Jul	Aug	Sep	Oct	Nov	Dec	YTD
2009		-0.4	-0.3	-1.5	-1.5	-1.7	-0.7	-0.1	-0.1	-0.3	-1.7		-8.0
2010	-0.7	-1.7	0.2	-0.7	0.2	-2.6	-0.8	-1.5	0.1	0.3	0.6	-0.6	-7.0
2011	-0.6	-0.4	-0.5	1.3	-0.2	-0.3	0.3	-1.0	-0.6	0.8	1.1	0.2	0.2
2012	-2.0	0.9	-0.3	1.0	0.4	0.0	1.0	0.5	0.1	0.2	0.4	0.3	2.6
2013	0.3	-0.0	0.2	0.3	0.3	0.4	0.5	0.7	0.2	0.2	0.2	0.2	3.4
2014	0.3	0.4	0.3	0.3	0.1	0.1	0.2	0.4	0.3	0.3	0.2	0.1	3.0
2015	0.2	0.2	0.0	0.1	-0.2	-0.1	0.2	0.3	0.3	0.3	-0.2	-0.7	0.2
2016	-0.5	-1.9	-1.6	-0.9	-2.0	-0.9	-0.0	0.3	0.4	0.4	0.4	0.2	-6.1
2017	0.2	-0.4	-0.5	-0.4	-0.7	-0.4	-0.1	0.2	0.3	0.4	0.3	0.5	-0.7
2018	0.2	0.1	0.2	0.1	-0.2	-0.4	-0.3	-0.1	0.1	0.2	0.1	0.2	0.3
2019	0.2	0.1	0.1	-0.1	-0.2	-0.3	-0.2	-0.0	-0.1	-0.2	-0.5	-0.5	-1.7
2020	-0.6	-0.5	-0.6	-0.9	-0.9	-1.0	-1.1	-1.2	-1.4	-1.5	-1.6	-1.6	-12.2
2021	-1.4	-1.4	-1.4	-0.8	-0.8	-0.8	-0.7	-0.8	-0.9	-0.8	-0.9	-1.6	-11.6
2022	-1.2	-1.4	-1.6	-1.6	-1.5	-1.6	-1.6	-1.4	-0.8	-0.7	-0.8	-1.5	-14.6
2023	-1.8	-1.5	-1.3	-1.4	-1.7	-1.9	-2.3	-2.7	-1.6	-1.2	-1.4	-1.6	-18.6
2024	-2.2	-1.7	-1.6	-0.9	-0.7	-0.9	-0.6	-0.6	-1.1	-1.1	-1.1	-0.8	-12.5
2025	-8.2	-0.7	-2.2	-0.3	0.1	-0.2	-0.7	0.6	0.5	0.4	0.1	0.8	-9.7
2026	4.4	-0.7											3.6

Past performance is not indicative of future results. Index returns are for illustrative purposes and do not represent actual investment returns. The index is not investable and does not reflect transaction costs, taxes, or management fees.

Index Profile

Inception2025-01-01

Base Date2025-01-01

Base Value1,000

CurrencyNGN

FrequencyMonthly

Asset ClassCash

ComponentsCBN 91-Day NTB, NBS CPI

Methodologyv1.0

Downloads

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