NGX 30 Outshines Global Indices with Over 41% Return in 2025, Led by Presco, Okomu Oil, and Nigerian Breweries

Arewacoolmusic October 16, 2025
NGX 30 OutshineNGX 30 Outshines Global Indices with Over 41% Return in 2025, Led by Presco, Okomu Oil, and Nigerian Breweriess Global Indices with Over 41% Return in 2025, Led by Presco, Okomu Oil, and Nigerian Breweries The NGX 30 Index, which tracks the 30 most liquid and capitalized stocks on the Nigerian Exchange (NGX), has been one of the world’s best-performing indices in 2025, delivering a remarkable 41% return so far this year. The performance places it well ahead of global peers such as the Dow Jones Industrial Average (DJI), which is up only 9% in the same period. The impressive rally underscores renewed investor confidence in Nigeria’s capital market, driven by strong corporate earnings, strategic reforms, and rising foreign interest in emerging market equities. NGX 30 vs Global Peers: Nigeria Leads the Pack While the Dow Jones struggled early in the year due to fears of U.S. tariff hikes and weakness among major tech stocks like Apple, Microsoft, NVIDIA, and Amazon, Nigeria’s stock market displayed resilience. NGX 30: +41% All-Share Index (NGXASI): +43% Dow Jones (U.S.): +9% S&P 500 (U.S.): +13% FTSE 100 (UK): +15% DAX 30 (Germany): +22% IDX30 (Indonesia): –4.2% The NGX 30’s stellar growth is a reflection of the broader bullish sentiment in Nigerian equities, which have benefited from policy clarity, strong commodity prices, and agro-industrial expansion led by firms like Presco and Okomu Oil. Quarterly Performance Review: Steady Climb Through Market Volatility The NGX 30 Index opened the year at 3,811.9 points, maintaining steady upward momentum across quarters: Quarter Dow Jones (DJI) NGX 30 Key Drivers Q1 2025 -1% +2.9% Presco surge, resilient banking sector Q2 2025 +5% +12% Strong earnings, improved investor confidence Q3 2025 +5% +17.82% Dividend payouts, bullish oil & banking stocks YTD (Oct 2025) +9% +41% Broad market rally, local & foreign inflows Despite a minor 2% pullback in March, the Nigerian index quickly regained momentum in Q2 and Q3. The July rally (+16%) marked a turning point as companies released robust half-year results, attracting renewed investor interest. As of October 2025, the index has already gained an additional 3.5%, keeping the NGX 30 on track for a record-breaking year. Top-Performing Stocks Driving the Rally Several heavyweights in agriculture, consumer goods, and banking sectors have delivered triple-digit gains, underscoring the broad-based nature of the rally. Stock YTD Gain (%) Presco Plc +213% International Breweries +164.9% Nigerian Breweries +139% Okomu Oil +129.7% Nestlé Nigeria +118% Wema Bank +110.8% Stanbic IBTC +102.9% Presco Plc, the oil palm industry leader, has been the single biggest contributor to the NGX 30’s overall return, reflecting investor confidence in Nigeria’s agribusiness transformation and export potential. Strong performance was also recorded in industrial and banking giants such as Dangote Sugar, Lafarge, BUA Cement, BUA Foods, GTCO, and Zenith Bank, which each gained between 50% and 90%. Meanwhile, Dangote Cement, ETI, UBA, and Transcorp Hotels advanced between 20% and 50%, while AccessCorp, Seplat, Fidelity Bank, Aradel, FCMB, FirstHold, and Transcorp saw moderate growth under 20%. Market Drivers: Earnings Strength, Investor Confidence, and Economic Reforms The rally in 2025 has been underpinned by several key factors: Strong Corporate Earnings – Many NGX-listed companies have posted record profits due to efficient cost management, better FX access, and resilient consumer demand. Government Reforms – The ongoing fiscal and monetary reforms under President Bola Tinubu’s administration have boosted macroeconomic stability and investor optimism. Increased Foreign Participation – Improved liquidity and easing FX constraints have attracted foreign institutional investors back into the Nigerian market. Agribusiness Expansion – Agribusiness firms such as Presco and Okomu Oil benefited from rising global palm oil prices and strong local demand. Banking Sector Resilience – Nigerian banks have maintained solid profitability, supported by high interest rate margins and digitization-driven efficiency. Looking Ahead: Can the NGX 30 Sustain Its Momentum? With just a few months left in 2025, analysts remain optimistic about the NGX 30’s performance trajectory. Continued government focus on macroeconomic reforms, combined with strong earnings outlooks and growing local investor participation, could sustain the bullish sentiment. However, challenges such as global market volatility, FX pressures, and rising inflation may test the market’s resilience in Q4. Still, many analysts believe the Nigerian equities market is poised to remain one of the top-performing markets globally in 2025. If the NGX 30 maintains its current pace, it could close the year with gains exceeding 45%, further cementing Nigeria’s position as a front-runner in emerging market performance.


 NGX 30 Outshines Global Indices with Over 41% Return in 2025, Led by Presco, Okomu Oil, and Nigerian Breweries

The NGX 30 Index, which tracks the 30 most liquid and capitalized stocks on the Nigerian Exchange (NGX), has been one of the world’s best-performing indices in 2025, delivering a remarkable 41% return so far this year. The performance places it well ahead of global peers such as the Dow Jones Industrial Average (DJI), which is up only 9% in the same period.

The impressive rally underscores renewed investor confidence in Nigeria’s capital market, driven by strong corporate earnings, strategic reforms, and rising foreign interest in emerging market equities.

NGX 30 vs Global Peers: Nigeria Leads the Pack

While the Dow Jones struggled early in the year due to fears of U.S. tariff hikes and weakness among major tech stocks like Apple, Microsoft, NVIDIA, and Amazon, Nigeria’s stock market displayed resilience.

  • NGX 30: +41%

  • All-Share Index (NGXASI): +43%

  • Dow Jones (U.S.): +9%

  • S&P 500 (U.S.): +13%

  • FTSE 100 (UK): +15%

  • DAX 30 (Germany): +22%

  • IDX30 (Indonesia): –4.2%

The NGX 30’s stellar growth is a reflection of the broader bullish sentiment in Nigerian equities, which have benefited from policy clarity, strong commodity prices, and agro-industrial expansion led by firms like Presco and Okomu Oil.

Quarterly Performance Review: Steady Climb Through Market Volatility

The NGX 30 Index opened the year at 3,811.9 points, maintaining steady upward momentum across quarters:

QuarterDow Jones (DJI)NGX 30Key Drivers
Q1 2025-1%+2.9%Presco surge, resilient banking sector
Q2 2025+5%+12%Strong earnings, improved investor confidence
Q3 2025+5%+17.82%Dividend payouts, bullish oil & banking stocks
YTD (Oct 2025)+9%+41%Broad market rally, local & foreign inflows

Despite a minor 2% pullback in March, the Nigerian index quickly regained momentum in Q2 and Q3. The July rally (+16%) marked a turning point as companies released robust half-year results, attracting renewed investor interest.

As of October 2025, the index has already gained an additional 3.5%, keeping the NGX 30 on track for a record-breaking year.

Top-Performing Stocks Driving the Rally

Several heavyweights in agriculture, consumer goods, and banking sectors have delivered triple-digit gains, underscoring the broad-based nature of the rally.

StockYTD Gain (%)
Presco Plc+213%
International Breweries+164.9%
Nigerian Breweries+139%
Okomu Oil+129.7%
Nestlé Nigeria+118%
Wema Bank+110.8%
Stanbic IBTC+102.9%

Presco Plc, the oil palm industry leader, has been the single biggest contributor to the NGX 30’s overall return, reflecting investor confidence in Nigeria’s agribusiness transformation and export potential.

Strong performance was also recorded in industrial and banking giants such as Dangote Sugar, Lafarge, BUA Cement, BUA Foods, GTCO, and Zenith Bank, which each gained between 50% and 90%.

Meanwhile, Dangote Cement, ETI, UBA, and Transcorp Hotels advanced between 20% and 50%, while AccessCorp, Seplat, Fidelity Bank, Aradel, FCMB, FirstHold, and Transcorp saw moderate growth under 20%.

Market Drivers: Earnings Strength, Investor Confidence, and Economic Reforms

The rally in 2025 has been underpinned by several key factors:

  1. Strong Corporate Earnings – Many NGX-listed companies have posted record profits due to efficient cost management, better FX access, and resilient consumer demand.

  2. Government Reforms – The ongoing fiscal and monetary reforms under President Bola Tinubu’s administration have boosted macroeconomic stability and investor optimism.

  3. Increased Foreign Participation – Improved liquidity and easing FX constraints have attracted foreign institutional investors back into the Nigerian market.

  4. Agribusiness Expansion – Agribusiness firms such as Presco and Okomu Oil benefited from rising global palm oil prices and strong local demand.

  5. Banking Sector Resilience – Nigerian banks have maintained solid profitability, supported by high interest rate margins and digitization-driven efficiency.

Looking Ahead: Can the NGX 30 Sustain Its Momentum?

With just a few months left in 2025, analysts remain optimistic about the NGX 30’s performance trajectory. Continued government focus on macroeconomic reforms, combined with strong earnings outlooks and growing local investor participation, could sustain the bullish sentiment.

However, challenges such as global market volatility, FX pressures, and rising inflation may test the market’s resilience in Q4. Still, many analysts believe the Nigerian equities market is poised to remain one of the top-performing markets globally in 2025.

If the NGX 30 maintains its current pace, it could close the year with gains exceeding 45%, further cementing Nigeria’s position as a front-runner in emerging market performance.

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