Business
Seplat Energy Hits Record N10,450 in Bullish Surge
Seplat Energy Share Price Surge as firm becomes first NGX-listed company to cross N10,000 mark, driven by strong investor confidence and growth
Seplat Energy Plc has made financial history on the Nigerian Exchange (NGX), becoming the first listed company to surpass the five-digit share price threshold following a powerful rally driven by sustained investor confidence and strong market momentum.
Also read: Energy Tycoon Wale Tinubu Praises Otedola and Elumelu for Landmark Deals
Seplat closed trading on Tuesday at N10,450 per share, representing a 9.42 percent increase from the previous session’s N9,550, according to official data from the Nigerian Exchange.
Seplat Energy Share Price Surge marks a historic milestone in the Nigerian capital market, underscoring growing appetite for energy sector equities and reinforcing the company’s position as one of the exchange’s standout performers.
On a year-to-date basis, the stock has risen sharply by 86.27 percent, climbing from N5,610 at the beginning of trading on January 2 to its current record level, delivering significant gains to shareholders.
The rally has translated into an estimated N2.90 trillion increase in shareholder wealth within the period, reflecting what analysts describe as a sustained bullish run in the company’s valuation trajectory.
Seplat’s market capitalisation has also nearly doubled, rising from N3.36 trillion to N6.26 trillion, further cementing its status among Nigeria’s most valuable listed companies.
Market analysts attribute the upward momentum partly to heightened investor interest following a major acquisition in late 2025, when prominent Nigerian businessman Tony Elumelu acquired a 20 percent stake in the company valued at $500 million.
Since that transaction, Seplat’s share price has recorded an increase of more than N4,600, further boosting market sentiment around the stock.
Despite its record-breaking performance, Seplat currently ranks as the sixth most valuable company on the NGX, behind major players such as Airtel Africa, BUA Cement, Dangote Cement, BUA Foods, and MTN Nigeria.
Also read: Oando Plc Records 44% Revenue Surge to N4.1 Trillion in FY 2024, Eyes 100,000 Bopd Target
The development highlights the deepening sophistication of Nigeria’s equities market and reinforces Seplat’s growing influence within the energy sector.
Africa’s technology ecosystem has produced innovative fintech, e-commerce and digital service companies. But there is another important part of the technology value chain that deserves attention: semiconductor engineering.
ChipMango is developing capabilities in chip design, verification and emerging hardware technologies. Its story demonstrates the kind of specialised innovation that deserves greater investment and attention.
Through Boost Africa, a joint initiative of the European Investment Bank (EIB) and African Development Bank, supported by the EU, the EIB helps channel investment through venture capital funds to innovative African enterprises. Discover how this
investment ecosystem is helping create opportunities for businesses working on Africa’s technological future.
Watch the video:
From smartphones and laptops to vehicles and AI systems, semiconductors are essential to modern technology. Yet, the expertise required to design these components remains concentrated in a relatively small number of global
technology hubs.
ChipMango is working to expand access to semiconductor engineering skills and commercial opportunities for African engineers. Its journey also highlights why initiatives such as EIB’s Boost Africa matter. By supporting venture capital funds investing in innovative African businesses, Boost Africa helps strengthen the financing ecosystem needed to develop specialised technology companies. Watch the video to learn how ChipMango is contributing to Africa’s place in the global technology industry.
Watch the video:
Business
ChipMango: Building Nigeria’s Semiconductor Engineering Capabilities for the Global Tech Industry
Africa’s participation in the global technology industry should go beyond
using digital products and services.
African engineers also have an opportunity to contribute to the technologies themselves, including the semiconductors that power smartphones, computers, vehicles and artificial intelligence.
Nigerian semiconductor technology company ChipMango is working to develop this capability by connecting engineering education with practical chip-design and verification projects.
Through its investment in African venture capital funds, the European Investment Bank (EIB), under the Boost Africa
initiative, is helping strengthen the ecosystem that supports innovative businesses like ChipMango.
Boost Africa is a joint initiative of the EIB and African Development Bank, supported by the European Union.
Watch the video to discover ChipMango’s story and the opportunities it is helping create.
Watch the video:
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