Nigerian Equities Market Surges 8% in October 2025 Driven by Banking and Industrial Sectors

In October 2025, Nigeria's equities market closed on a bullish note with an 8.12% increase in the All-Share Index (ASI) to 154,126.46 points. The market capitalization grew to N97.83 trillion, marking the best monthly performance of the year.

The rally was fueled by increased interest in financial, oil and gas, and industrial sectors, reflecting strong investor confidence despite prevailing macroeconomic challenges. Notable companies driving the market surge included Cornerstone Insurance Plc (NGX: CORNERST), Wema Bank Plc (NGX: WEMABANK), GTCo, Aso Savings and Loans Plc, Julius Berger Nigeria Plc (NGX: JBERGER), Oando Plc (NGX: OANDO), and others.