Nigeria’s Oil & Gas Renaissance: Top Energy Stocks to Buy in 2025

In 2025, Nigeria’s oil and gas sector is experiencing a powerful revival, positioning itself as one of the most attractive investment destinations on the Nigerian Exchange (NGX). With global energy markets stabilizing and domestic reforms unlocking new potential, savvy investors are turning their attention to energy stocks that are not only rebounding—but redefining the future of Nigeria’s economy.

Why Oil & Gas Is Back in Focus

Several key developments are driving renewed interest in Nigeria’s energy sector:

- Global Crude Price Recovery: Brent crude has consistently traded above $85 per barrel, improving margins for Nigerian producers and boosting export revenues.

- Domestic Refining Expansion: The operational ramp-up of the Dangote Refinery—the largest in Africa—is reducing Nigeria’s reliance on imported petroleum products and strengthening local supply chains.

- Regulatory Reforms: The Petroleum Industry Act (PIA) continues to attract foreign direct investment, streamline licensing, and improve transparency across the sector.

- Energy Diversification: Nigerian firms are expanding into natural gas and renewables, aligning with global energy transition goals and creating new revenue streams.

These factors are creating a bullish environment for oil and gas equities, especially those with strong fundamentals and forward-looking strategies.

Top Nigerian Energy Stocks to Watch in 2025

1. Oando Plc (Ticker: OANDO)

Oando has emerged as one of the most explosive performers on the NGX in 2025, with its stock appreciating by over 490% year-to-date. The company’s turnaround story is fueled by aggressive upstream expansion, debt restructuring, and strategic investments in gas infrastructure. Its stake in the Dangote Refinery adds further upside.

- Investment Profile: High-risk, high-reward

- Why Buy: Strong asset base, aggressive growth strategy

2. Seplat Energy Plc (Ticker: SEPLAT)

Seplat continues to be a dominant force in Nigeria’s energy landscape, particularly in the natural gas segment. With a 103% again in 2025, the company is capitalizing on rising domestic gas demand and export opportunities. Its acquisition of ExxonMobil’s shallow water assets has significantly boosted production capacity.

- Investment Profile: Balanced growth

- Why Buy: Diversified portfolio, solid fundamentals

3. TotalEnergies Marketing Nigeria Plc (Ticker: TOTAL)

Total Nigeria has delivered a 93% return this year, driven by operational efficiency and a robust retail distribution network. Known for its consistent dividend payouts and strong brand equity, Total is a favorite among income-focused investors.

- Investment Profile: Conservative, dividend-focused

- Why Buy: Reliable earnings, strong market presence

Strategic Takeaway for Investors

For those looking to build exposure to Nigeria’s energy sector, a diversified approach is recommended. Consider allocating across:

- Oando for aggressive upside

- Seplat for balanced growth

- Total Nigeria for income and trio offers a well-rounded portfolio that captures momentum, resilience, and long-term value.

Conclusion

Nigeria’s oil and gas sector is not just recovering—it’s transforming. With strategic reforms, rising global demand, and infrastructure upgrades, energy stocks are poised to deliver exceptional returns in 2025. For investors seeking growth, income, or diversification, this sector presents a compelling opportunity to participate in Nigeria’s economic resurgence.