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The Nigerian equity market opened the new week in positive territory, as key market performance indicators (the NGX-ASI and Market Capitalization) both appreciated by 0.39%. The market sustained the upward momentum from the previous week, driven by continued buying interest and bargain hunting in mid-cap and blue-chip stocks across all key market sectors, with the most contribution from the Banking sector. Notable gainers were ACCESSCORP, UBA, FIRSTHOLDCO, ARADEL, WAPCO, among others. Consequently, the market index (All-Share Index) added 848.21 basis points in today’s trading session, reflecting a 0.39% increase to close at 218,015.78. Likewise, Market Capitalization gained ₦546.12 billion, representing a growth of 0.39%, settling at ₦140.37 trillion.
However, the Total Volume of trades and the Total Value traded declined by -23.75% and -10.93% respectively. Approximately 959.29 million units valued at ₦48,413.65 million were transacted across 75,297 deals. As regards volume, ACCESSCORP generated 9.33% to emerge the most traded, followed by FIRSTHOLDCO (7.14%), ZENITHBANK (5.59%), LASACO (5.47%), and UBA with 5.35%. On value traded, ZENITHBANK generated 13.81% of the total value of trade, thereby making it the highest traded on the exchange.
Meanwhile, on the best performers’ chart, NAHCO and UNIONDICON led by generating +10.00% each, then trailed by FIDELITYBK (+9.98%), TRANSEXPR (+9.92%), ACCESSCORP (+9.87%), FCMB (+9.54%), SUNUASSUR (+8.93%), and twenty-nine others. A total of thirty-four (34) stocks depreciated. With a price depreciation of -10.00%, LIVINGTRUST and STANBIC topped the worst performers’ chart, followed by TRANSPOWER (-9.97%), ABBEYBDS (-9.88%), GUINEAINS (-8.80%), SOVRENINS (-8.76%), and ACADEMY (-8.50%). Hence, the market breadth closed on a positive note, as there were 36 gainers and 34 losers.
Finally, the market sectoral performance was positive today as all five major market sectors increased. The Banking sector appreciated by +2.56%, followed by the Oil & Gas sector (+0.75%), the Consumer goods sector (+0.38%), the Industrial goods sector (0.35%), and the Insurance sector (+0.004%).
Following the recently rebased data released by NBS, the country’s GDP stood at 4.07% in Q4’2025, marking a 9bps growth from the 3.98% recorded in Q3 2025. Furthermore, on a year-on-year basis, the growth rate in the fourth quarter of the year reflects a
31bps improvement compared to the 3.76% posted in Q4, 2024. Overall, the annual GDP growth rate in 2025 stood at 3.87%, from 3.38% recorded in 2024.
Sectoral GDP Dynamics: Oil vs. Non-Oil
The non-oil sector contributed 97.13% to total GDP in Q4 2025, an increase from 96.56% in Q3 2025, but lower than 97.20% recorded in Q4 2024. Conversely, the Oil sector’s contribution dropped by 0.57% to 2.87% in Q4 2025, down from 3.44% in Q3 2025, attributed to decline in crude oil production compared to the previous quarter.
However, in terms of growth, the Oil sector advanced by 0.85% points, recording a growth rate of 6.79% in
Q4 2025, compared to 5.84% in Q3 2025. Likewise, the non-oil sector recorded real GDP growth of 3.99%,
up by 0.08% points compared to 3.91% in Q3 2025. The country’s crude oil production averaged 1.58mbpd in Q4, 2025, which was higher than the daily average crude oil production of 1.54mbpd recorded in the same quarter of 2024, but 0.06mbpd lower than the Q3’2025 production volume of 1.64mbpd.
Agricultural Sector Shows Resilience
Agricultural sector posted a real growth rate of 4.00% in Q4 2025, an improvement of 22bps from 3.79%
growth recorded in Q3 2025. Also, the sector’s performance expanded by 1.46% points when compared to Q4 2024, when it grew by 2.54%. The growth in the sector despite insecurity challenges can be attributed increased importation of agricultural
products, as well as improved mechanization, Export restriction for some raw products further boosted the sector’s growth. Nevertheless, the sector contribution to the GDP dropped, standing at 28.65% in Q4 2025, which was 255bps lower than 31.21% recorded in Q3 2025.
