Seplat Energy Shares Soar to N16,000 on NGX
Seplat Energy Plc's shares surged to an all-time high of N16,000 per share on the Nigerian Exchange Limited (NGX) on September 24, 2026, reflecting a 175.44% increase year-to-date. This rise, amounting to N1,092.20 or 7.33% from the previous trading session, has propelled the company's market capitalization to N9.599 trillion.
Over the past year, Seplat's shares have gained 197.44%. The increase in share price has also positively impacted the NGX Oil/Gas Index, which rose by 3.95% to close at 6,252.0 points.
The rally coincides with a rise in global oil prices, with Brent crude exceeding $106 per barrel amid geopolitical tensions. Seplat's strong financial performance in the first half of 2026, including a profit before tax of N561.3 billion in the second quarter and a production average of 131,506 barrels of oil equivalent per day, has contributed to this surge.
Plus234Feed summary based on reporting from Nairametrics. Read the original report below.
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