Seplat Gains 57% or N2trn in Rare Moves Since Dec. Deal
Seplat Energy Plc has gained about 57% or N2 trillion, a rare move for an energy-linked stock, based on its historical trading data on the Nigerian Exchange platform.
Stock market data showed that Seplat’s share price has climbed to N9.099.90 amid increased trading activity and a pop show drill by buy-side actors.
Etablissements Maurel & Prom S.A. announced on 30 December 2025, after market close, it entered into a binding agreement in relation to the sale of its entire shareholding of 120.4 million shares, representing a 20.07% interest, in Seplat Energy Plc. to Heirs Energies Ltd.
The deal was picked up by nobody else but Tony Elumelu, chairman of UBA Plc and strategic driver of Transcorp Incorporation, with latest foray being Seplat Energy.
The sale is for 305 pence per share, corresponding to a total consideration of $496 million, with an initial payment of $248 million and the balance payable within 30 days, secured by an irrevocable letter of credit.
In the Nigerian Exchange, Seplat has gained 56.65% since the deal was closed, and the naira has recalibrated significantly, meaning the deal is positive for Heir Energies’ portfolio building.
Past trading data revealed Seplat rarely shifts positions in the stock market, irrespective of its earnings or dividends announcements. Price moved once in a while, but that pattern appears to have shifted.
The stock market value of the oil company’s 599.944 million outstanding shares printed at N5.459 trillion at the close ofthe trading session on Thursday.
M&P has been one of Seplat’s three founders and its largest shareholder since its inception in 2010, and has supported the company throughout its development into a leading Nigerian energy player with a diversified portfolio across oil and gas, playing a key role in Nigeria’s energy security. TotalEnergies Proposes €3.40 Dividend for 2025
