Seplat hits ₦10,000 mark, becomes NGX’s first five-digit stock

By Maryanne Awuya

Seplat Energy Plc has made history on the Nigerian Exchange (NGX), becoming the first listed company to surpass the ₦10,000 per share mark.

The company’s stock rose by 9.42 per cent to close at approximately ₦10,450 as at the time of filing this report, up from ₦9,550 recorded the previous trading day, according to market data.

The milestone caps a strong rally for the energy firm, whose share price has surged by over 86 per cent year-to-date, rising from ₦5,809 at the beginning of 2026.

The sharp appreciation has significantly boosted shareholder value, with investors recording a combined gain of about ₦2.90 trillion, while the company’s market capitalisation climbed from ₦3.36 trillion to ₦6.26 trillion within the same period.

Market analysts attribute the rally to a combination of factors, including improved operational performance, oil prices, and investor confidence driven by reforms in Nigeria’s energy sector.

The company’s dual listing on the London Stock Exchange has also enhanced its visibility among international investors.

Investor sentiment further strengthened following the acquisition of a 20 per cent stake in Seplat by Tony Elumelu in December 2025, a deal valued at about $500 million.

Since the acquisition, the company’s share price has recorded significant gains.

The development marks a historic moment for Nigeria’s capital market, underscoring growing investor interest in energy stocks and the increasing depth of the exchange.