Seplat Energy share price crosses N10,000 — first NGX stock to reach mark

Seplat Energy Plc has become the first listed company on the Nigerian Exchange (NGX) to cross the five-digit share price mark, hitting N10,450 per unit.

The milestone was achieved on Tuesday according to stock market data obtained from the NGX.

Seplat’s share appreciated by 9.42 percent to N10,450, from the N9,550 recorded on Monday.

Also, Seplat’s share has increased by 86.27 percent or N4,840 year-to-date, from N5,610 on January 2 to N10,450.

During the same period, the company’s shareholders have recorded a combined gain of N2.90 trillion, while the company’s market valuation has surged from N3.36 trillion to N6.26 trillion.

The company’s share price has been on an upward movement since Tony Elumelu, the chairman of United Bank for Africa (UBA) and Heirs Energies, acquired 20 percent stake, worth $500 million, in December 2025.

The share price has increased by N4,641 since Elumelu acquired the shares.

Seplat is currently the sixth most valuable company on the Nigerian Exchange behind Airtel Africa, BUA Cement, Dangote Cement, BUA Foods and MTN Nigeria. (TheCable)