Norrenberger Equity Model Posts 82% Return, Outpaces NGX in 2025

Nume Ekeghe

Norrenberger’s Equity Portfolio Model (EPM) delivered a standout performance in 2025, posting an 82 per cent return and decisively outperforming Nigeria’s key equity benchmarks for the second consecutive year, underscoring the strength of its investment discipline and stock-selection strategy.

The 82 per cent return represents a clear outperformance of the broader market, beating the NGX All-Share Index, which gained 52 per cent, by 30 percentage points, and the NGX 30 Index, which returned 50 per cent, by 33 percentage points. The wide margin highlights the effectiveness of Norrenberger’s approach to portfolio construction and its focus on generating superior risk-adjusted returns.

This strong showing builds on the model’s performance in 2024, when it delivered a 48 per cent return, ahead of the NGX All-Share Index’s 38 per cent gain. The back-to-back outperformance reinforces the model’s consistency and its ability to navigate differing market conditions.

It stated: “The EPM’s 82 per cent return represents a 30-percentage-point and 33-percentage-point outperformance over the NGX All-Share Index 52 per cent and the NGX 30 Index 50% per cent, respectively. This decisive margin underscores the strength of Norrenberger’s investment strategy, disciplined portfolio construction, and stock-selection expertise.

“This performance builds on the model’s strong track record in 2024, when the EPM returned 48%, outperforming the NGX All-Share Index’s 38 per cent gain. The back-to-back outperformance highlights the model’s consistency and reinforces its effectiveness across varying market conditions.”

It noted that the portfolio’s success in 2025 was driven by a carefully curated mix of ten high-quality stocks spanning key sectors of the Nigerian economy, including telecommunications, consumer goods, banking, energy, and insurance.