Seplat Energy Hits Record High on NGX Amid London Price Gap

Seplat Energy Plc (NGX: SEPLAT)'s stock reached a record high on the Nigerian Exchange, trading at N5,917.20 per share, driven by a 10% gain. The surge was attributed to renewed investor interest in the oil and gas sector.

The price disparity between the NGX and LSE, where Seplat's stock traded at a 13% premium, created an arbitrage opportunity. Financial journalist David Olujinmi highlighted the short-term price gap between the two exchanges, emphasizing that it does not necessarily indicate mispricing.