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The Nigeria Equity market closed today’s trading session in negative territory, halting the two-week market rally, as key performance indicators showed mixed outcomes. The NGX-ASI declined by -0.49%, while the Market Capitalization lost -0.47%. The downturn was primarily driven by profit-taking activities in some recently appreciated medium and large cap stocks including ZENITHBANK, UBA, ACCESSCORP, WAPCO, GTCO. Consequently, the market index (All-Share Index) fell by -941.20 basis points in today’s trading session, indicating a -0.49% decline to close at 189,321.24, while Market Capitalization fell by ₦577.42 billion, representing a decline of -0.47%, settling at ₦121.55 trillion.
That said, the Total Volume of trades increased by +12.93% while the Total Value traded, on the other hand, declined by -4.44%. Approximately 1,199.85 million units valued at ₦60,193.37 million were transacted across 86,607 deals. As regards volume, ACCESSCORP generated 8.67% to emerge the most traded, followed by ZENITHBANK (7.80%), JAPAULGOLD (6.18%), FIRSTHOLDCO (4.55%), and NSLTECH with 3.85%. On value traded, ZENITHBANK generated 13.34% of the total value of trade, thereby making it the highest traded on the exchange.
Meanwhile, on the best performers’ chart, ABCTRANS led by generating +9.94%, then trailed by ZICHIS (+9.93%), REDSTAREX (+9.87%), MEYER (+9.81%), JAPAULGOLD (+9.78%), INFINITY (+9.68%), and thirty-eight others. A total of thirty-nine (39) stocks depreciated. With a price depreciation of -10.00% each, MECURE, SKYAVN, and ZENITHBANK topped the worst performers’ chart, followed by RTBRISCOE (-9.95%), TRIPPLEG (-9.77%), MANSARD (-8.77%), DEAPCAP (-8.38%), and OMATEK (-7.41%). Hence, the market breadth closed on a positive note as there were 44 gainers and 39 losers.
Lastly, the market sectoral performance was negative today as four of the five major market sectors declined. The banking sector declined by -3.69%, followed by the Insurance sector (-0.57%), the Industrial goods sector (-0.50%), the Oil & Gas sector (-0.06%). Only the Consumer goods sector appreciated by +2.54%.
Following the recently rebased data released by NBS, the country’s GDP stood at 3.98% in Q3’2025, marking a 26bps decline from the 4.23% recorded in Q2 2025. However, on a year-on-year basis, the growth rate in the third quarter of the year reflects a 12bps improvement compared to the 3.86% posted in Q3, 2024. The country’s GDP growth during the period under review was supported by expansions in both the
Oil and Non-Oil sectors.
Non-Oil Sector Growth and Contribution Increases
The non-oil sector contributed 96.56% to total GDP in Q3 2025, an increase from 95.95% in Q2 2025, but lower than 96.62% recorded in Q3 2024. Conversely, the Oil sector’s contribution dropped by 15.19% to 3.44% in Q3 2025, down from 4.05% in the preceding quarter, despite improvement in crude oil production.
Furthermore, in terms of growth, the Oil sector dipped by 14.62% points, recording a growth rate of 5.84% in
Q3 2025, compared to 20.46% in Q2 2025, while the non-oil sector recorded real GDP growth of 3.91%, up by 0.27% points compared to 3.64% in Q2 2025.
The country’s crude oil production averaged 1.64mbpd in Q3, 2025, which was higher than the daily average crude oil production of 1.47mbpd
recorded in the same quarter of 2024, but 0.04mbpd lower than the Q2’2025 production volume of 1.64mbpd.
Agricultural Sector Growth Strengthened Despite Rising Insecurity
Agricultural sector posted a real growth rate of 3.79% in Q3 2025, an improvement of 97bps from 2.82%
growth recorded in Q2 2025. Also, the sector’s performance expanded by 1.23% points when compared to Q3 2024, when it grew by 2.55%. The growth in the sector can be attributed to the harvest season, as well as improved mechanization, Export restriction for some raw products and encouragement of local production further boosted the sector’s growth. In addition, the sector contribution to the GDP increased, stood at 31.21% in Q3 2025, which was 505bps higher than 26.17% recorded in Q2 2025.
