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.
Business
ISAT Group Rebrands, Partners Afro Mobile to Launch High-Speed Broadband Services in Nigeria by Q3 2026
New identity signals bold expansion as landmark investment accelerates affordable, high-speed connectivity for millions of Nigerians.
Nigeria’s digital economy is set for a major boost as ISAT Group unveiled a new corporate identity and announced a strategic alliance with Afro Mobile, ahead of its Q3 2026 commercial launch.
The partnership is underpinned by Afro Mobile’s acquisition of a 40% equity stake in ISAT Group and a US$3 billion financing package structured by Equiline Finance, positioning the alliance among the largest indigenous broadband investment initiatives in Nigeria’s telecommunications sector.
The rebranding marks ISAT Group’s evolution into a next-generation digital connectivity company focused on broadband, satellite communications and enterprise solutions. Together, the partners will expand affordable, high-speed internet access to homes, businesses, government institutions and underserved communities nationwide.
ISAT Group Chief Executive Officer, Dr. Adeyanju Binuyo, described the development as a transformational milestone.
“Our vision extends beyond connectivity. We are building the digital infrastructure that will power businesses, connect communities, stimulate innovation and accelerate Nigeria’s digital economy. This partnership demonstrates our commitment to making world-class broadband accessible to every Nigerian.”
Group Chairman, Mr. Ganiyou AFOLABI Moustapha, said the alliance reflects ISAT Group’s long-term confidence in Nigeria’s future.
“This investment is a strong vote of confidence in Nigeria’s digital economy. Together with Afro Mobile, we are building a resilient indigenous broadband platform that will create jobs, drive innovation and support inclusive national development.”
With operations commencing in Q3 2026, ISAT Group and Afro Mobile are poised to emerge as a leading indigenous broadband provider, delivering next-generation connectivity that will help bridge Nigeria’s digital divide and power the country’s next phase of economic growth.
Business
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