Oil & Gas Leads Stock Market Gains Of N65.74trn In 10 Months

The Nigerian Exchange (NGX) Oil/Gas Index has emerged as the major driver of the Nigerian stock market’s N65.74 trillion gain in 10 months of 2026, closing as the best performing sectoral index with a 127.9 per cent Year-to-Date return.
Data from the Nigerian Exchange Limited, showed that market capitalisation which opened the year at N99.376 trillion surged by N65.74 trillion or 66.15 per cent to close October 30, 2026 at N165.114 trillion, while the All-Share Index rose by 63.42 per cent to 254,299.49 basis points from 155,613.03 basis points.
Within the rally, the NGX Oil/Gas Index led the charge, gaining 127.9 per cent YtD to close at 6,085.42 basis points as of October 30. The pe...