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The Nigerian equity market opened the new week on a positive note, as key market performance indicators (the NGX-ASI and Market Capitalization) both recorded a loss of -0.05%. The slight downtick, which continued the sentiment of the previous session, was driven by continued profit-taking in mostly mid-cap stocks including AFRIPRUD, TIP, UACN, BERGER, NB, among others, across major market sectors. Specifically, the market index (All-Share Index) fell by -126.09 basis points in today’s trading session, indicating a -0.05% decline to close at 250,204.83, while Market Capitalization fell by ₦80.82 billion, representing a decline of -0.05%, settling at ₦160.36 trillion.
Furthermore, the Total Volume of trades and the Total Value traded declined by -26.16% and -16.36% respectively. Approximately 800.46 million units valued at ₦37,045.16 million were transacted across 87,096 deals. As regards volume, UBA generated 8.16% to emerge the most traded, followed by FIDELITYBK (7.19%), ACCESSCORP (5.31%), DAARCOMM (4.61%), and NSLTECH with 4.59%. On value traded, ARADEL generated 16.63% of the total value of trade, thereby making it the highest traded on the exchange.
Meanwhile, on the best performers’ chart, OANDO and UPL led by generating +10.00% each, then trailed by DEAPCAP (+9.96%), MAYBAKER (+9.94%), TRANSEXPR (+9.92%), ABCTRANS (+9.89%), NEIMETH (+9.57%), and twenty-six others. A total of thirty-five (35) stocks depreciated. With a price depreciation of -9.99% each, NCR and ZICHIS topped the worst performers’ chart, followed by IMG (-9.93%), SOVRENINS (-9.86%), DAARCOMM (-9.78%), CWG (-9.27%), and RTBRISCOE (-9.03%). Hence, the market breadth closed on a negative note, as there were 33 gainers and 35 losers.
Finally, the market sectoral performance was negative today as three of the five major market sectors declined. The Insurance sector declined by -0.91%, followed by the Consumer goods sector (-0.26%), and the Industrial goods sector (-0.09%). The Oil & Gas sector and the Banking sector appreciated by +0.40% and +0.17% respectively.
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.
