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 and Aradel Holdings PLC.

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.