Live Market Performance

About NGX Oil & Gas Index

The NGX Oil & Gas Index tracks the performance of companies in the oil and gas sector listed on the Nigerian Exchange (NGX). It serves as a key benchmark for monitoring the energy market, reflecting the health and trends of oil and gas stocks.

This index includes upstream, midstream, and downstream companies, capturing a comprehensive view of the sector’s dynamics. Investors use the index to gauge performance and assess opportunities in one of Nigeria’s most critical economic sectors.

Market Highlights

• Focus: Energy sector stocks including exploration, production, distribution, and marketing.
• Performance Trends: Reflects the impact of global oil prices and domestic energy policies.
• Investor Interest: Attracts attention from local and international investors targeting Nigeria’s energy market.
• Key Components: Major players in oil exploration, refining, and gas distribution.

Historical Milestones

• 2009: Establishment of the NGX Oil & Gas Index to provide insights into the energy sector.
• 2014: Index experienced significant volatility during the global oil price crash.
• 2022: Strong recovery driven by higher oil prices and improved production capacities in Nigeria.
• 2024: Record growth supported by new investments in the gas sector and increased exploration activities.