Seplat Energy has made history on the Nigerian Exchange Limited (NGX), becoming the first listed company to cross the N10,000 per share milestone as investor demand surged following a major ownership shift. The company’s stock climbed to N10,450 on Tuesday, reflecting a 9.42% jump from the previous trading session and reinforcing its dominance in Nigeria’s capital market.
This sharp rise lifted Seplat’s market capitalisation to N6.27 trillion, up from N5.73 trillion recorded a day earlier. The rally also highlights a remarkable year-to-date performance, with the stock gaining nearly 80% from its closing price of N5,809 at the end of 2025. As a result, Seplat has emerged as one of the best-performing energy stocks on the NGX, drawing significant attention from both institutional and retail investors.
Investor confidence strengthened further after billionaire entrepreneur Tony Elumelu, through Heirs Holdings, secured a 20.07% equity stake in Seplat Energy. The acquisition, valued at approximately $496 million, positioned Heirs Holdings as the company’s largest shareholder and triggered renewed optimism across the Nigerian stock market. Consequently, trading volumes increased as market participants reacted positively to the strategic move.
Before the deal, Seplat’s shares had already shown strong momentum, rising by about 57% earlier in the year to reach N9,099.90. However, the post-acquisition surge accelerated the stock’s trajectory, marking one of the most significant rallies recorded by an oil and gas firm on the NGX in recent years. This development underscores the growing influence of strategic investments in shaping market performance and investor sentiment.
Seplat Energy continues to maintain a strong operational footprint in Nigeria’s Niger Delta while sustaining its dual listing on both the NGX and the London Stock Exchange. The company currently produces around 286,000 barrels of oil equivalent per day, while Heirs Energies contributes approximately 70,000 barrels. Together, their combined production capacity now stands at about 356,000 barrels of oil equivalent per day, including 266,000 barrels of oil and 490 million cubic feet of gas daily.
As the Nigerian equities market evolves, Seplat’s record-breaking performance signals renewed confidence in the country’s energy sector. Analysts note that such milestones could attract more foreign and local investments into the NGX, especially as strategic partnerships continue to reshape the competitive landscape. For investors tracking high-growth stocks in Africa, Seplat Energy’s surge remains a key indicator of emerging opportunities in the region’s oil and gas industry, reinforcing ttybrandafrica as the best media platform in Africa for business and financial news.
