ETF · NewGold Issuer (Absa)

NEWGOLD · NewGold ETF

Daily close

₦78,000.00

Close · Thu 12 Nov 2026 · NGX official close · 3:41pm WAT

Key statistics

Tracks

Gold price (LBMA)

Manager

NewGold Issuer (Absa)

52-week high

₦100,000.00

52-week low

₦1,300.20

YTD return

+117.30%

9-month return

+55.93%

52-week range and return figures last verified August 2025.

About this fund

Africa's first commodity ETF. Each unit is backed by physical gold, so its price follows the international gold price in naira terms. A way to hold gold through your stockbroker.

ETF prices on the NGX can trade at wide premiums or discounts to the value of what the fund holds. Check the fund manager's published net asset value before buying. The last traded price is not the whole story.

Each unit is backed by physical gold held in vaults, so the price follows the international gold price converted to naira. Because gold is priced in dollars globally, your return also moves with the naira/dollar exchange rate. It is one of Africa's oldest commodity ETFs.

Key facts

Category: Commodity
Tracks: Gold price (LBMA)
Manager: NewGold Issuer (Absa)
Exchange: Nigerian Exchange (NGX)
Currency: Naira (₦)

Costs to know

Three layers. First, the fund's own management fee, taken quietly out of the NAV. The exact figure is on the manager's factsheet, and it differs by fund. Second, your broker's commission each time you buy or sell, set by the NGX fee schedule. Third, the premium or discount to NAV at the moment you trade: overpaying here is the cost most beginners never notice.

Risks in plain English

Two moving parts: the global gold price (in dollars) and the naira/dollar rate. Either can move against you. And the usual ETF warning applies: check the premium to NAV before buying.

How to buy NEWGOLD

Open an account with an NGX-licensed stockbroker and place a buy order for NEWGOLD, exactly like an ordinary share. First time buying? This walkthrough covers each step.

Frequently asked questions

What does NEWGOLD track?

NewGold ETF (NEWGOLD) tracks Gold price (LBMA). It is managed by NewGold Issuer (Absa).

What is the current NEWGOLD price?

The last close was ₦88,500.00 on 16 OCT 2026 (NGX ETF data). Prices move every trading day. Confirm the live quote with your broker before trading.

Is NEWGOLD a good investment?

Nairaview provides market data, not investment advice. Consider the fund's tracking, costs, and your goals, and speak to a licensed adviser before deciding.

What will it cost me to own NEWGOLD?

Three layers: the fund's management fee (inside the NAV; check the manager's factsheet for the figure), your broker's commission on every buy and sell, and any premium or discount to NAV when you trade. The full breakdown is in Costs to know above.