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The Nigerian Equity market closed trading activities for today on a negative note, as key performance indicators, “the NGX-ASI and the Market Capitalization,” both decreased by -0.58%. With the Oil & Gas sector and the Banking sector accounting largely for the losses, the market retreated on profit-taking activities which dominated in blue-chip and mid-cap stocks including ARADEL, MTNN, ZENITHBANK, WEMABANK, WAPCO, GTCO, and others, across key market sectors. Consequently, the market index (All-Share Index) fell by -1,408.82 basis points in today’s trading session, indicating a -0.58% decline to close at 241,750.15, while Market Capitalization fell by ₦904.40 billion, representing a decline of -0.58%, settling at ₦155.15 trillion.
However, market activities were up today as the Total Volume of trades and the Total Value traded increased by +31.09% and +71.57% respectively. Approximately 1,268.25 million units valued at ₦75,225.88 million were transacted across 102,665 deals. As regards volume, FCMB generated 12.68% to emerge the most traded, followed by GTCO (7.43%), ACCESSCORP (6.46%), ZENITHBANK (4.98%), and FIDELITYBK with 3.82%. On value traded, GTCO generated 17.43% of the total value of trade, thereby making it the highest traded on the exchange.
Meanwhile, on the best performers’ chart, RTBRSICOE, VITAFOAM, MCNICHOLS and ZICHIS led by generating +10.00% each, then closely trailed by CAP (+9.99%), DANGSUGAR (+9.98%), CONHALLPLC (+9.97%), FTNCOCOA (+9.92%), DEAPCAP (+9.57%), and thirty-six others. A total of twenty-six (26) stocks depreciated. With a price depreciation of -10.00%, GUINNESS topped the worst performers’ chart, followed by UNIONDICON (-9.82%), AIICO (-9.28%), WEMABANK (-8.72%), MTNN (-8.63%), and SOVRENINS (-8.33%). Hence, the market breadth closed on a positive note, as there were 45 gainers and 26 losers.
Finally, the market sectoral performance was positive today as three of the five major market sectors increased. The Industrial goods sector appreciated by +2.49%, followed by the Insurance sector (+0.94%), and the Consumer goods sector (+0.40%). The Oil & Gas sector and the Banking sector declined by -2.91% and -1.22% 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.
