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The Nigerian equity market closed trading activities for today in positive territory, as key performance indicators showed mixed outcomes. The NGX-ASI increased by 0.28%, while the Market Capitalization gained 0.30%. The mixed performances of these indicators can be attributed to the additional listing of 1,057,958,025 Ordinary Shares of 50 Kobo Each Arising from Access Holdings Plc’s Private Placement of 1,975,308,641 at N20.25 Per Share. Consequently, the market index (All-Share Index) added 561.78 basis points in today’s trading session, reflecting a 0.28% increase to close at 202,584.88. Likewise, Market Capitalization gained ₦389.53 billion, representing a growth of 0.30%, settling at ₦130.40 trillion. The market rally was driven by sustained bargain hunting especially in selective large-cap stocks such as SEPLAT, ZENITHBANK, GTCO, among others, across key market sectors. The Oil & Gas sector and the Banking sector were solely responsible for the positive performance as they gained 2.11% and 1.79% respectively.
However, the Total Volume of trades declined by -3.43% while the Total Value traded, on the other hand, increased by +8.68%. Approximately 1,006.99 million units valued at ₦40,566.66 million were transacted across 52,723 deals. As regards volume, ACCESSCORP generated 23.24% to emerge the most traded, followed by FIDELITYBK (11.28%), WEMABANK (10.31%), ZENITHBANK (6.05%), and CHAMS with 4.74%. On value traded, ZENITHBANK generated 15.96% of the total value of trade, thereby making it the highest traded on the exchange.
Meanwhile, on the best performers’ chart, UNIVINSURE led by generating +10.00%, then trailed by OMATEK (+9.78%), VFDGROUP (+9.71%), CWG (+9.64%), LIVESTOCK (+9.56%), TANTALIZER (+7.32%), and sixteen others. A total of thirty-one (31) stocks depreciated. With a price depreciation of -9.92%, FTGINSURE topped the worst performers’ chart, followed by DEAPCAP (-9.85%), CHAMS (-9.47%), JAPAULGOLD (-8.82%), INTBREW (-8.09%), and ELLAHLAKES (-7.41%). Hence, the market breadth closed on a negative note as there were 22 gainers and 31 losers.
Finally, the market sectoral performance was negative today as three of the five major market sectors declined. The Consumer goods sector declined by -1.07% followed by the Insurance sector (-0.36%), and the Industrial goods sector (-0.19%). The Oil & Gas sector and the Banking sector increased by +2.11% and +1.79% 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.
