{
  "id": 9832103,
  "title": "TotalEnergies falls 10% as NGX Oil and Gas Index retreats from record high",
  "url": "https://urgent.news/2026/09/25/totalenergies-falls-10-as-ngx-oil-and-gas-index-retreats-from-record",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-09-25T20:22:16.000Z",
  "source": {
    "name": "Nairametrics",
    "slug": "nairametrics",
    "url": "https://nairametrics.com/2026/09/25/totalenergies-falls-10-as-ngx-oil-and-gas-index-retreats-from-record-high/"
  },
  "original_language": "en",
  "account": "On Friday, September 25, 2026, TotalEnergies Marketing Nigeria Plc shares experienced a 10% drop, causing the NGX Oil and Gas Index to retreat 0.13% following its record high the previous day. The index had surged 3.95% to 6,252.0 points on Thursday, primarily due to Seplat Energy Plc's gains. TotalEnergies opened at N576 on Friday but closed at N518.40, a loss of N57.60 or 10%. This decline marks a 19% decrease since August 31, when the stock was at N640. It had also previously fallen 10% from N640 to N576 on August 28 and remained stable through Thursday, September 24, before plummeting another 10% on Friday.\n\nThe company's market capitalization, based on 339.52 million shares, fell to approximately N176 billion, at N518.40 per share. This 10% decline contributed to the 0.13% drop in the NGX Oil and Gas Index, which had previously hit a new high. TotalEnergies' recent share-price movement stands in contrast to its improved second-quarter financial results. While trading across most other oil and gas stocks remained relatively unchanged, Seplat Energy saw a slight increase. Conoil Plc stayed flat, and Aradel Holdings Plc and Eterna Plc also showed no change in their stock prices. Seplat's strong performance lifted the NGX Oil and Gas Index by 3.95% to 6,252.0 points on Thursday, but TotalEnergies' decline on Friday dampened the sector gauge's momentum.",
  "summary": "TotalEnergies Marketing Nigeria Plc shares fell 10% on Friday, September 25, 2026, pulling the NGX Oil and Gas Index down 0.13% a day after the sector gauge reached a record high. The post TotalEnergies falls 10% as NGX Oil and Gas Index retreats from record high appeared first on Nairametrics .",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}