The Nigerian Oil and Gas sector has surged more than 5% in early October, putting it within reach of breaking through the 2,700-point resistance level.
Tracked by the NGX Oil/Gas Index, the sector opened the month at 2,523.1 points and climbed to 2,664.0 points as of October 8, 2025, sustained by Aradel, Seplat, and Eterna.
This marks a steady recovery from a prolonged downtrend that began after the index hit a high of 2,712 points in December 2024.