All Indices
VNG-ETR-N
Venoble Nigeria Equity Net Total Return Index
Measures the total return from Nigerian equities after 10% withholding tax on dividends. Shows what a taxable investor actually earns, compared to VNG-ETR which assumes tax-exempt reinvestment. The gap between the two isolates cumulative tax drag.
Level
69,013.87
YTD
+21.63%
1Y Return
+97.14%
Annualized
+17.14%
As of 2026-03-01
Performance
Monthly Returns (%)
| Year | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | YTD |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2000 | 3.5 | 0.2 | -1.2 | 3.4 | 6.1 | 6.8 | 7.2 | -1.3 | 1.7 | -3.3 | 13.3 | 41.5 | |
| 2001 | 8.5 | 4.6 | -0.2 | 5.0 | 6.4 | 7.9 | -3.0 | -1.7 | -0.5 | 8.4 | 0.9 | -1.8 | 38.9 |
| 2002 | -2.9 | -0.6 | 6.0 | 2.1 | 0.8 | 8.4 | 0.6 | -0.9 | -4.2 | -2.8 | 1.6 | 4.4 | 12.4 |
| 2003 | 9.6 | 2.8 | -1.0 | -0.3 | 4.5 | 3.6 | -3.6 | 10.5 | 7.0 | 13.9 | 3.1 | 4.2 | 67.7 |
| 2004 | 12.8 | 9.2 | -7.6 | 12.8 | 7.7 | 4.3 | -6.2 | -11.9 | -4.2 | 2.8 | -0.3 | 2.5 | 19.7 |
| 2005 | -3.2 | -4.8 | -5.8 | 6.2 | -1.6 | 0.5 | 1.7 | 4.9 | 7.4 | 5.0 | -5.8 | -1.0 | 2.4 |
| 2006 | -1.7 | 0.7 | -2.1 | -0.0 | 6.8 | 5.7 | 6.7 | 18.9 | -1.6 | 0.4 | -3.0 | 4.9 | 39.5 |
| 2007 | 10.9 | 10.8 | 6.7 | 8.7 | 6.1 | 2.8 | 3.4 | -4.9 | -0.1 | 0.0 | 8.0 | 7.0 | 76.5 |
| 2008 | 1.0 | 12.1 | -4.0 | -5.5 | -0.7 | -4.9 | -5.0 | -9.9 | -3.3 | -21.3 | -8.9 | -4.6 | -45.1 |
| 2009 | -30.6 | 7.2 | -15.0 | 8.5 | 39.2 | -9.2 | -5.7 | -8.7 | -4.1 | -1.1 | -3.6 | -0.9 | -32.4 |
| 2010 | 8.6 | 1.7 | 13.1 | 2.4 | -0.9 | -3.0 | 1.9 | -6.0 | -5.0 | 11.0 | -1.1 | 0.0 | 22.9 |
| 2011 | 8.3 | -3.0 | -5.3 | 2.2 | 3.6 | -3.4 | -4.5 | -9.7 | -5.2 | 2.8 | -4.4 | 3.6 | -15.2 |
| 2012 | 0.7 | -3.6 | 3.1 | 7.0 | 0.5 | -2.1 | 7.0 | 3.0 | 9.6 | 1.7 | 0.4 | 6.0 | 37.6 |
| 2013 | 13.4 | 3.8 | 1.4 | 0.3 | 13.4 | -4.3 | 5.0 | -4.3 | 1.1 | 2.9 | 3.5 | 6.2 | 49.3 |
| 2014 | -1.8 | -2.5 | -1.6 | 0.0 | 8.0 | 2.5 | -0.9 | -1.2 | -0.7 | -8.7 | -7.9 | 0.4 | -14.4 |
| 2015 | -14.7 | 1.8 | 6.1 | 9.6 | -0.7 | -2.5 | -9.7 | -1.5 | 5.4 | -6.4 | -6.1 | 4.6 | -15.7 |
| 2016 | -16.5 | 2.7 | 3.8 | 0.1 | 10.8 | 7.1 | -5.2 | -1.4 | 2.9 | -3.9 | -7.2 | 6.5 | -3.5 |
| 2017 | -3.1 | -2.7 | 1.5 | 1.3 | 15.3 | 12.3 | 8.3 | -0.8 | -0.1 | 3.5 | 3.5 | 0.8 | 45.6 |
| 2018 | 16.0 | -2.3 | -3.9 | 0.4 | -7.4 | 0.5 | -3.1 | -5.8 | -5.9 | -0.9 | -4.8 | 2.1 | -15.8 |
| 2019 | -2.8 | 3.8 | -1.5 | -5.5 | 6.8 | -2.7 | -7.4 | -0.3 | 0.6 | -4.5 | 2.6 | -0.4 | -11.6 |
| 2020 | 7.5 | -9.1 | -17.7 | 8.9 | 10.4 | -2.9 | 0.9 | 2.9 | 6.5 | 13.8 | 15.1 | 14.9 | 56.3 |
| 2021 | 5.3 | -6.2 | -1.5 | 3.3 | -2.5 | -1.1 | 1.8 | 2.2 | 2.9 | 4.5 | 3.2 | -1.2 | 10.8 |
| 2022 | 9.2 | 1.7 | -0.0 | 6.8 | 8.3 | -3.3 | -1.8 | -0.6 | -1.4 | -10.6 | 8.9 | 7.5 | 25.0 |
| 2023 | 3.9 | 4.9 | -1.1 | -2.7 | 7.2 | 9.5 | 5.6 | 3.9 | 0.3 | 4.3 | 3.3 | 4.8 | 52.9 |
| 2024 | 35.4 | -1.1 | 4.6 | -5.1 | 1.5 | 1.0 | -2.2 | -0.8 | 2.2 | -0.7 | 0.1 | 5.6 | 41.6 |
| 2025 | 1.5 | 3.2 | -2.0 | 1.2 | 6.1 | 8.3 | 16.8 | 0.7 | 1.7 | 8.1 | -6.5 | 8.4 | 56.7 |
| 2026 | 6.3 | 16.6 | 4.3 | 29.3 |
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
Inception2000-01-03
Base Date2000-01-03
Base Value1,000
CurrencyNGN
FrequencyDaily
Asset ClassEquity
ComponentsNGX All-Share Index, Declared Dividends, 10% WHT
Methodologyv1.0