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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 -0.57%. The market decline, which reversed the gains from the previous session, was primarily driven by fresh profit-taking activities in some medium and large cap stocks. Notable decliners included OANDO, WAPCO, MTNN, PZ, TRANSCORP, and others, across key market sectors. Specifically, the market index (All-Share Index) fell by -1,130.86 basis points in today’s trading session, indicating a -0.57% decline to close at 196,066.11, while Market Capitalization fell by ₦725.94 billion, representing a decline of -0.57%, settling at ₦125.86 trillion.
Furthermore, market activities were down today as the Total Volume of trades and the Total Value traded declined by -3.67% and -11.74% respectively. Approximately 734.55 million units valued at ₦27,563.04 million were transacted across 64,829 deals. As regards volume, ACCESSCORP generated 10.79% to emerge the most traded, followed by MBENEFIT (7.08%), FTGINSURE (5.56%), ZENITHBANK (4.75%), and JAIZBANK with 4.24%. On value traded, ZENITHBANK generated 11.83% of the total value of trade, thereby making it the highest traded on the exchange.
Meanwhile, on the best performers’ chart, PREMPAINTS led by generating +9.97%, then trailed by SUNUASSUR (+9.95%), CONOIL (+9.95%), DAARCOMM (+9.84%), ETERNA (+9.56%), NEM (+9.11%), and twenty-seven others. A total of forty-one (41) stocks depreciated. With a price depreciation of -10.00% each, NASCON and MBENEFIT topped the worst performers’ chart, followed by REDSTAREX (-9.94%), AUSTINLAZ (-9.88%), SCOA (-9.85%), FTGINSURE (-9.59%), and LIVINGTRUST (-8.86%). Hence, the market breadth closed on a negative note as there were 33 gainers and 41 losers.
Finally, the market sectoral performance was negative today as four of the five major market sectors declined. The Industrial goods sector declined by -0.71%, followed by the Banking sector (-0.48%), the Consumer goods sector (-0.29%), and the Oil & Gas sector (-0.29%). Only the Insurance sector increased by +0.04%.
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.
