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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 0.25%. The uptick, for the ninth consecutive session, was triggered primarily by sustained buying interest and bargain hunting amid positive trading momentum, evidenced by notable price appreciation in mid-cap and blue-chip stocks such as SEPLAT, PRESCO, UBA, MTNN, OANDO, among others, across major market sectors. The Oil & Gas sector boosted the market performance today as it appreciated by 4.64%. Consequently, the market index (All-Share Index) added 441.28 basis points in today’s trading session, reflecting a 0.25% increase to close at 178,625.63 while Market Capitalization also gained ₦283.24 billion, representing a growth of 0.25%, settling at ₦114.66 trillion.
That said, the Total Volume of trades and the Total Value traded declined by -25.64% and -16.44% respectively. Approximately 698.34 million units valued at ₦28,438.13 million were transacted across 50,886 deals. As regards volume, ACCESSCORP generated 7.50% to emerge the most traded, followed by ZENITHBANK (6.13%), TANTALIZER (6.07%), GTCO (5.88%), and DEAPCAP with 4.96%. On value traded, GTCO generated 15.31% of the total value of trade, thereby making it the highest traded on the exchange.
Meanwhile, on the best performers’ chart, SEPLAT, DEAPCAP, and RTBRISCOE led by generating +10.00% each, then trailed by ZICHIS (+9.97%), DAARCOMM (+9.96%), ABCTRANS (+9.91%), CAP (+9.88%), UNIONDICON (+9.83%), and thirty-eight others. A total of thirty-four (34) stocks depreciated. With a price depreciation of -9.98%, NAHCO topped the worst performers’ chart, followed by ABBEYBDS (-9.68%), ETERNA (-9.50%), MAYBAKER (-9.19%), ETI (-8.72%), and NEM (-8.33%). Hence, the market breadth closed on a positive note as there were 46 gainers and 34 losers.
Lastly, the market sectoral performance was negative today as four of the five major market sectors declined. The Insurance sector declined by -1.47%, followed by the Industrial goods sector (-1.09%), the Banking sector (-0.13%), and the Consumer goods sector (-0.04%). Only the Oil & Gas sector appreciated by +4.64%.
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.
