Seplat Energy First to Exceed N10,000 on NGX

Seplat Energy Plc has achieved a significant milestone by becoming the first company listed on the Nigerian Exchange (NGX) to cross the N10,000 per share mark, closing at N10,450 on April 14, 2025. This surge, which represents a nearly 80% gain year-to-date, underscores strong investor confidence in Seplat's fundamentals.

The stock rally began in late December 2025 when Seplat became the single largest shareholder in a deal involving the sale of 120.4 million shares at a premium price of 305 pence per share, marking a 10.9% increase from the prevailing 275 pence per share on December 31, 2025. The rally was further supported by FTSE Russell's decision to upgrade Nigeria's market status from unclassified to frontier market, which is expected to unlock foreign portfolio inflows and improve liquidity across select large-cap stocks.

Analysts note that Seplat's performance reflects macroeconomic tailwinds and strong company fundamentals, positioning it as a key player in Nigeria's evolving energy landscape.