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The Nigerian equity market closed trading activities for today on a positive note, as key market performance indicators (the NGX-ASI and Market Capitalization) both appreciated by 0.18%. The uptick, signaling positive trading sentiment, was triggered by renewed buying interest and bargain hunting in mid-cap and blue-chip stocks such as ZENITHBANK, MTNN, NESTLE, STANBIC, ETERNA, among others, across major market sectors. Consequently, the market index (All-Share Index) added 343.93 basis points in today’s trading session, reflecting a 0.18% increase to close at 196,807.15 while Market Capitalization also gained ₦220.75 billion, representing a growth of 0.18%, settling at ₦126.32 trillion.
However, the Total Volume of trades and the Total Value traded declined by -21.27% and -24.24%. Approximately 634.01 million units valued at ₦29,107.54 million were transacted across 66,286 deals. As regards volume, JAIZBANK generated 21.75% to emerge the most traded, followed by GTCO (7.20%), ACCESSCORP (4.71%), SOVRENINS (4.30%), and ZENITHBANK with 3.86%. On value traded, GTCO generated 18.62% of the total value of trade, thereby making it the highest traded on the exchange.
Meanwhile, on the best performers’ chart, both ETERNA and NPFMCRFBK led by generating +10.00% each, then trailed by PREMPAINTS (+9.92%), CUSTODIAN (+9.71%), FTGINSURE (+9.68%), NIDF (+9.19%), ELLAHLAKES (+9.09%), and twenty-five others. A total of thirty-eight (38) stocks depreciated. With a price depreciation of -9.94%, TRIPPLEG topped the worst performers’ chart, followed by MULTIVERSE (-9.91%), JAIZBANK (-7.41%), HONYFLOUR (-7.11%), DANGSUGAR (-7.10%), and FTNCOCOA (-4.45%). Hence, the market breadth closed on a negative note as there were 32 gainers and 38 losers.
Finally, the market sectoral performance was positive today as three of the five major market sectors appreciated. The Banking sector increased by +0.51%, followed by the Consumer goods sector (+0.10%), and the Industrial goods sector (+0.03%). The Insurance sector and the Oil & Gas sector declined by -1.63% and -0.16% respectively.
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.
