Exchange Traded Funds on the Nigerian Exchange saw significant growth in March 2026, led by the SIAML Pension ETF, which surged 185% month-to-date. The sharp rise marked one of the most notable monthly performances for an ETF on the NGX in recent years. Other ETFs also posted gains, though none matched the performance of the SIAML fund. Market analysts attributed the surge to increased investor confidence and portfolio rebalancing toward index-tracking instruments. Trading volumes in ETFs rose steadily through the month, reflecting growing appetite for diversified, low-cost investment vehicles. The Nigerian Exchange has been promoting ETFs as part of efforts to deepen capital market participation.