Seplat Energy Hits N8 Trillion Valuation on NGX

Seplat Energy Plc has crossed the N8 trillion market capitalisation threshold, reaching N8.1 trillion as its stock price soared to a 52-week high of N13,552.60 on the Nigerian Exchange Limited (NGX). This significant milestone marks a pivotal moment for Nigeria’s leading independent energy company, driven by bullish market sentiment, institutional and retail investment, and strong corporate performance.

The increase in Seplat’s share price is closely linked to strategic ownership changes, particularly the involvement of billionaire investor Tony Elumelu through Heirs Energies. Prior to this ownership shift, Seplat's stock was trading at approximately N5,809 per share.

The company's stock price has dramatically increased, reflecting a substantial transformation in the net worth of its primary stakeholders. This valuation is supported by robust operational fundamentals, as evidenced by Seplat’s audited half-year financial results, which highlight an average production of 139,509 barrels of oil equivalent per day (boepd) and a favorable commodity price environment.