Seplat Energy's ANOH Gas Project Boosts Stock Performance

Seplat Energy has experienced a notable increase in its stock value, reflecting growing investor confidence in its ability to convert strategic investments into production and cash flow. On September 10, Seplat's shares rose by the maximum daily limit of 10%, contributing to a recovery in the Nigerian Exchange Limited and restoring approximately N100.5 billion to investors' wealth.

Earlier in April, Seplat became the first stock on the Nigerian Exchange to trade above N10,000 per share, closing at N10,450 on April 14, with an almost 80% gain since the year's start. A key factor behind this performance is the ANOH gas project, which achieved first gas in January 2026.

Developed through ANOH Gas Processing Company in partnership with Renaissance Africa Energy, the project is crucial for converting Nigeria's gas resources into usable energy. The completion of an 11-kilometre gas export pipeline and necessary regulatory approvals were instrumental in reaching this milestone, which is expected to enhance production capacity significantly.