Nigeria's stock market hit a new record high of N163.7 trillion on Thursday, extending its winning streak as investors focused on gains in the oil and gas sector. The benchmark NGX-All Share Index climbed to fresh levels, driven by optimism over the energy sector's performance. The market saw increased activity as traders anticipated continued support from oil prices and government policies aimed at stabilizing the economy. Analysts noted that the energy sector remained a key driver, with companies reporting improved financial results. The rally came despite mixed performance in other sectors, highlighting the market's reliance on oil-related gains. Investors remain cautiously optimistic, though uncertainty over global oil demand persists.