On the back of projected poor dividend payout by Oil and Gas companies listed on the Nigerian Exchange Limited (NGX), the NGX Oil & Gas index has emerged the worst performing indicator with -7.82 per cent YtD return as of March 21, 2025.
Also, the likes of NGX Insurance Index and NGX Industrial Goods Index closed the period at – 4.51 per cent and -2.31 per cent, respectively.

With a return of 170 per cent ini 2024, the NGX Oil & Gas Index outperformed the NGX Banking Index, NGX Consumer Goods Index, among other indices as the best performing index, attributable to reforms by the federal government.

So far in 2025, the NGX Oil & Gas stocks have seen downward momentum over delayed dividend payout to shareholders and unimpressive 2024 unaudited result and accounts.

The index has recorded negative returns to shareholders over the past few years. For instance, in 2018, the NGX oil and gas declined by 8.61 per cent. This indicates that, on average, investors in this sector experienced a negative return of 8.61 per cent for the year.

Similarly, the sector declined by 14.6 per cent in 2019. Also, in 2020 and 2021, the index recorded a loss of 13.03 per cent and 8.73 per cent, respectively.

However, succour came the way of investors as the sector witnessed a turnaround in performance, achieving a gain of 98.3 per cent in 2023.

Despite releasing 2024 unaudited result and accounts for period ended December 2024, investors’ negative sentiment have continued to rock the listed OIl & Gas companies.

Analysis of trading numbers showed that Etern Plc, out of seven listed OIl & Gas companies appreciated in stock price, while Seplat energy Plc has remained flat since 2024.


https://www.thisdaylive.com/index.php/2025/03/24/at-7-82-ytd-oil-gas-index-emerges-worst-performing-indicator-on-ngx/