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    Thursday, May 28
    Analysis

    Seplat Energy Tops N10k Per Share

    Julius AlagbeBy Updated:No Comments1 Min Read
    Seplat Energy Tops N10k Per Share
    Tony Elumelu

    Seplat Energy Tops N10k Per Share

    Seplat Energy Plc has topped N10,000 per share in the Nigerian stock market following a fresh rally on Tuesday, the highest valuation attained in 52 weeks.

    The energy company’s share price rose to N10,450 as buy-side actors led the 219,366 units transacted on the local bourse.  The latest price movement came in contrast to the previous trading pattern.

    Before Tony Elumelu’s shareholding in the Nigerian leading energy company, Seplat, was among the market movers that rarely move, irrespective of earnings or other price-sensitive developments.

    Elumelu’s Heirs Energies became the largest shareholder in Seplat Energy PLC after acquiring a 20.07% stake for $496 million from French company Maurel & Prom. 

    As of January 2026,Tony Elumelu has been appointed to the Seplat board as a non-executive director to help guide the firm’s strategic direction.

    Trading data showed that Seplat rose to N10,450 per share, boosting its market value by 9.4% or N900 in a single sweep, from its previous position of N9,550.

    With 599.994 million outstanding shares, Seplat Energy’s market value inched higher to N6.269 trillion. #Seplat Energy Tops N10k Per Share Financial System Liquidity Surges 19% on OMO Bill Inflow

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    Julius Alagbe is a senior financial journalist and Editor at MarketForces Africa with nearly two decades of experience in finance, accounting, and economics reporting.He is one of Nigeria's most prolific financial market reporters, covering capital markets, monetary policy, corporate earnings, banking, telecoms, and macroeconomic developments across Africa.Julius has built a strong footprint reporting on Nigeria's leading corporates and financial services sector, including coverage of the Nigerian Exchange Group, Central Bank of Nigeria monetary operations, MTN Nigeria, GTCO, and major investment banking transactions.He regularly monitors the CBN’s open market operations, interbank FX markets, and equity market movements, providing readers with real-time intelligence on Nigeria’s financial landscape.His reporting draws on direct access to institutional research from firms including Moody’s Ratings, CardinalStone Securities, Fitch, and other leading African investment houses.Julius brings analytical depth and editorial rigour to every story, making complex financial data accessible to professionals, investors, and policymakers across Africa.Julius Alagbe is based in Lagos, Nigeria.

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