H2 2026 NGX Outlook: Which Sector Will Outperform?

Nigeria’s All Share Index is up 51.6% year-to-date, but that growth masks big gaps between sectors. The oil & gas index has surged over 111% so far, driven by players like Aradel and Seplat. Industrials follow at nearly 96% gains. Banking lags behind at about 35.8%, despite solid earnings from FUGAZ. Insurance is the only sector in the red, down nearly 2%. Analysts expect money to rotate into consumer goods, industrials, and agriculture next. Companies like Presco and Okomu feature on the food-security case. Others stay put in telecoms, major banks, and cement producers for steady payouts. With 2027 elections approaching and the Dangote refinery IPO on the horizon, Q2 results in July could set the tone for H2. Will you stick with oil & gas, shift into consumer/agri, or wait for banks to catch up? Share your positions.

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