KEY POINTS
- Seplat Energy becomes the first NGX-listed company to exceed N10,000 per share, closing at N10,450
- The stock has gained over 86 percent year-to-date, adding N2.90 trillion in shareholder value
- Growth is partly driven by Tony Elumelu’s $500 million acquisition of a 20 percent stake in the company
Seplat Energy Plc has made history on the Nigerian Exchange (NGX), becoming the first listed company to record a five-digit share price after closing at N10,450 per share.
The milestone, achieved on Tuesday, followed a 9.42 percent increase from N9,550 recorded the previous day, according to NGX trading data.
Since the beginning of the year, Seplat’s stock has surged significantly, rising by 86.27 percent from N5,610 on January 2 to its current value. This sharp increase has translated into substantial gains for investors, with shareholders collectively recording about N2.90 trillion in profit.
Within the same period, the company’s market capitalisation expanded from N3.36 trillion to N6.26 trillion, reflecting strong investor confidence and sustained market momentum.
Seplat’s Price has been linked to Tony Elumelu
The upward trajectory of Seplat’s share price has been largely linked to the acquisition of a 20 percent stake in the company by Tony Elumelu, chairman of United Bank for Africa (UBA) and Heirs Energies, in December 2025. The $500 million investment has helped drive continued investor interest, with the stock gaining N4,641 since the transaction.
Despite this record-breaking performance, Seplat currently ranks as the sixth most valuable company on the NGX, behind Airtel Africa, BUA Cement, Dangote Cement, BUA Foods, and MTN Nigeria
