Nigeria’s consumer goods sector witnessed a strong first half (H1) of 2025, as bumper earnings results from top manufacturers drove significant gains in their share prices on the Nigerian Exchange (NGX).
According to Proshare, in a report titled Nigerian Capital Markets H1 2025: Who Rose, Who Fell, and What’s Next?, the NGX Consumer Goods Index posted an impressive year-to-date return of 52.21 percent, outperforming other sectors.
This was driven by strong first-quarter earnings releases and positive investor sentiment towards Fast-Moving Consumer Goods (FMCG) companies, which have demonstrated resilient pricing power amid inflationary pressures.