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The Nigeria Equity market closed today’s trading session in negative territory, as key performance indicators “the NGX-ASI and the Market Capitalization” both decreased by -0.09%. The downturn reflected sustained profit-taking activities, resulting in significant price depreciation in some recently appreciated mid-cap and blue-chip stocks including PRESCO, ETERNA, DANGCEM, STERLINGNG, among others, across major market sectors. Consequently, the market index (All-Share Index) fell by -167.58 basis points in today’s trading session, indicating a -0.09% decline to close at 195,898.53, while Market Capitalization fell by ₦107.58 billion, representing a decline of -0.09%, settling at ₦125.75 trillion.
Furthermore, the Total Volume of trades and the Total Value traded declined by -10.12% and -6.14% respectively. Approximately 671.27 million units valued at ₦26,134.51 million were transacted across 58,792 deals. As regards volume, WEMABANK generated 15.90% to emerge the most traded, followed by ACCESSCORP (8.82%), MBENEFIT (5.75%), FTGINSURE (4.89%), and STERLINGNG with 4.52%. On value traded, WEMABANK generated 10.56% of the total value of trade, thereby making it the highest traded on the exchange.
Meanwhile, on the best performers’ chart, NGXGROUP led by generating +10.00%, then trailed by PREMPAINTS (+9.92%), OMATEK (+8.95%), PRESTIGE (+8.39%), HMCALL (+6.67%), AIICO (+5.93%), and twenty-two others. A total of forty (40) stocks depreciated. With a price depreciation of -10.00%, PRESCO topped the worst performers’ chart, followed by UACN (-9.97%), MORISON (-9.94%), LIVINGTRUST (-9.91%), SCOA (-9.86%), and FTGINSURE (-9.85%). Hence, the market breadth closed on a negative note as there were 28 gainers and 40 losers.
Finally, the market sectoral performance was negative today as three of the five major market sectors declined. The Insurance sector declined by -0.44%, followed by the Consumer goods sector (-0.43%), and the Oil and Gas sector (-0.06%). The Industrial goods sector and the Banking sector increased by +1.42% and +0.04% 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.
