Seplat Energy Plc, Nigeria’s leading indigenous energy producer, listed in Lagos and London bourses, has become the first company on the Nigerian Exchange Group to cross the N10,000-per-share level, with the stock rising to about N10,450, a move analysts say reflects strong institutional demand and confidence in the company’s expanded asset base and earnings outlook.
Additionally, the energy firm, with portfolio consisting of 11 oil and gas blocks in onshore and shallow-water locations in the Niger Delta region of Nigeria, which it operates with partners, including the Nigerian government and other oil producers, has secured a series of independent regulatory, market, and industry recognitions that underscore growing investor confidence in its governance standards, financial discipline, and growth execution.
Separately, the company won the platinum award at the ICAN–NGX regulation limited corporate reporting awards, ranking first overall among leading listed companies.
The award assesses firms on financial reporting quality, corporate governance, and sustainability disclosures, with an emphasis on transparency, compliance with international standards, and the integration of environmental, social, and governance factors.
Market participants view such recognition as a signal of reduced reporting and governance risk, particularly important for companies accessing both domestic and international capital markets.
Seplat also entered the top 10 most valuable brands in Nigeria for the first time, ranking ninth in the 2026 Brand Finance Nigeria 25 report.
Brand Finance said Seplat recorded the fastest brand value growth among the ranked companies, with brand value rising 97 percent to N194.5 billion, driven by higher production, improved cash generation and consolidation of offshore assets.
According to Babatunde Odumeru, managing director of Brand Finance Nigeria, said in the report that “Standout growth from Seplat Energy shows that the market continues to reward operational discipline and strong strategic positioning”.
In addition, Seplat won the energy company CSR excellence award at the Energy Times awards 2026, and was named outstanding energy company of the year 2025 at the Industry Newspaper awards, reflecting its community investment and sustainability initiatives.
Roger Brown, chief executive officer of Seplat Energy, said earlier this year that the company’s expansion into offshore operations, alongside strong onshore output, had strengthened cash flow and lowered its cost of debt.
Seplat said it remains on track to deliver a planned $1 billion cumulative return of capital to shareholders by 2030, as it seeks to balance growth, shareholder returns and Nigeria’s energy transition objectives.
Seplat Energy, which has operating interest in three export terminals, including the Qua Iboe export terminal and Yoho FSO, as well as an operating interest in the Bonny River Terminal (BRT), and operate two large offshore NGL recovery plants at Oso and EAP, is listed on the ‘premium board’ of the Nigerian Exchange and the ‘main market’ of the London Stock Exchange.
The company also operates three gas processing plants onshore: Oben in OML 4, Sapele in OML 41, and the 300 MMscfd ANOH Gas Processing Plant in OML 53, an integrated joint venture with NGIC. Combined, these gas facilities augment Seplat Energy’s position as a leading supplier of natural gas to the domestic power generation market.
