Seplat Energy Plc

NGX Edges Higher As Seplat Surges 10 Percent, Despite Negative Market Breadth

The ASI opened at 246,019.17 points and advanced to 246,388.22 points at the close, representing a gain of 369.05 points.

Elumelu’s Seplat Stake Surges Past $1bn as Shares Gain Over 90 Percent

Tony Elumelu’s Heirs Holdings stake in Seplat Energy has more than doubled in value to over $1bn, less than eight months after the investment was made. Heirs Holdings acquired a 20.07 percent stake in Seplat for about $500m...

Aradel, Seplat Assets Hit ₦19.11trn As Acquisitions, Oil Prices Lift Earnings

Aradel Holdings and Seplat Energy ended the first half of 2026 with combined assets of ₦19.11tn, reflecting the growing scale of Nigeria’s indigenous upstream oil companies. Aradel accounted for ₦10.87trn of the combined asset base after consolidating major...

Taxes Swallow ₦1.13 Trillion From Aradel, Seplat H1 Profits

Aradel Holdings and Seplat Energy generated a combined ₦1.54 trillion in pre-tax profit during the first half of 2026. Aradel's current tax charge almost matched its entire pre-tax earnings following the consolidation of ND Western Despite the tax...

Seplat’s Profit Jumps 430%, Declares Special Dividend

Seplat Energy grew half-year profit by more than 430% to N225.5 billion as stronger oil prices and lower operating costs boosted earnings. The company declared a five-cent interim dividend and a seven-cent special dividend, while projecting total shareholder...

Seplat Seals $281.6m Deal to Transfer 10% JV Stake to NNPC

Seplat signs binding agreement to sell a 10% working interest in the NNPCL/SEPNU joint venture to NNPC Limited for approximately $281.6 million. NNPC's stake in the strategic oil joint venture will increase from 60% to 70%, while Seplat...

Seplat Names Tony Elumelu Chairman-Elect, Appoints Effiong Okon CEO

June 09, (THEWILL) — Seplat Energy Plc has announced a major leadership transition, which will see renowned investor and business leader, Tony Elumelu, assume the role of Chairman from January 1, 2027, while veteran oil and gas executive Effiong...

Seplat’s 5-Year Strategy Drives Major Boost in Local Content Participation

May 25, (THEWILL) — The five-year growth plan recently unveiled by Seplat Energy Plc, will significantly advance Nigeria's local content policy by increasing indigenous participation, enhance technical capacity, and boost domestic energy supplies. The unveiling of the 5-year plan comes...

Tony Elumelu Set to Join Seplat Board After $500m Stake

May 18, (THEWILL) — Multi-billionaire chairman of United Bank for Africa (UBA) Plc, Mr. Tony Elumelu, is expected to be formally elected to the board of Seplat Energy Plc on Wednesday, May 20, 2026, as shareholders gather virtually for...

Seplat’s N10,000 Milestone Reflects Earnings Strength, FX Hedge Demand and Liquidity Squeeze

May 03, (THEWILL) — ‎Seplat Energy Plc has crossed a historic threshold on the Nigerian Exchange Limited, with its share price breaching the N10,000 mark for the first time - a milestone that signals more than a market rally,...
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Nigeria’s Trade Surplus Hits N12.60tn as Exports Surge 18.8 Percent in Q2

Data from the National Bureau of Statistics showed that total merchandise trade rose to N41.44 trillion, representing a 5.61 percent increase from N39.24 trillion recorded in Q2 2025 and a 19.13 percent rise from N34.79 trillion in Q1 2026.
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