Oil & Gas Sector Leads NGX with 60.83% Growth YTD

As of March 18, 2026, the Oil and Gas sector on the Nigerian Exchange (NGX) has achieved a remarkable year-to-date growth of 60.83%, outperforming the NGX All-Share Index, which recorded a 29.27% return. This performance underscores the resilience of the Nigerian stock market, driven by strong performances from companies like Seplat Energy PLC (NGX: SEPLAT) and Aradel Holdings PLC (NGX: ARADEL).

Seplat Energy's market capitalization soared to N5.5 trillion, with its stock price averaging N5,809.00 per share, reflecting a 56.65% year-to-date return. The company reported a 148% increase in production, reaching 131,506 BOEPD, and a revenue surge of 144% to $2.73 billion.

Additionally, Aradel Holdings' market capitalization reached N5.26 trillion, with its stock price appreciating by 80.6% year-to-date. The sector's growth is attributed to rising global oil prices and ongoing reforms within the industry, despite challenges posed by geopolitical tensions affecting energy prices.