Market data from the NGX shows that Seplat’s stock closed at N10,450 per share on Tuesday, marking a 9.42 percent increase from the N9,550 recorded in the previous trading session. This development signals strong investor confidence and sustained bullish momentum in the company’s valuation.
Year-to-date, Seplat’s share price has surged by 86.27 percent, rising from N5,610 at the start of trading on January 2 to its current level. The rally has translated into substantial gains for shareholders, whose combined wealth has increased by approximately N2.90 trillion within the same period.
Correspondingly, the company’s market capitalisation has nearly doubled, climbing from N3.36 trillion to N6.26 trillion, further solidifying its position among the top-performing stocks on the exchange.
Analysts attribute much of the recent upward trajectory to heightened investor interest following a major acquisition in late 2025. In December, prominent Nigerian businessman Tony Elumelu, chairman of United Bank for Africa (UBA) and Heirs Energies, acquired a 20 percent stake in Seplat valued at $500 million. Since that transaction, the company’s share price has risen by over N4,600.
Despite its record-breaking performance, Seplat currently ranks as the sixth most valuable listed company on the NGX, trailing industry heavyweights such as Airtel Africa, BUA Cement, Dangote Cement, BUA Foods, and MTN Nigeria.
The milestone underscores the growing depth of Nigeria’s capital market and highlights Seplat’s emergence as a dominant force within the energy sector.