Tag: Seplat Energy

Nigerian billionaire Tony Elumelu.
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Nigerian billionaire Tony Elumelu deepens grip on Seplat Energy with $59.7 million share buy

Tony Elumelu lifts his Seplat Energy stake to 126.4 million shares worth $1.26 billion through a fresh $59.7 million share acquisition.

Omokolade Ajayi Omokolade Ajayi
Nigerian billionaire businessman Tony Elumelu
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Nigerian billionaire Tony Elumelu’s Seplat stake hits $1.2 billion

Nigerian billionaire Tony Elumelu has seen his Seplat Energy holding surge to $1.2 billion, driven by rising crude production and stronger earnings.

Omokolade Ajayi Omokolade Ajayi
Nigerian billionaire Tony Elumelu.
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Nigerian billionaire Tony Elumelu pockets $14.45 million from Seplat’s Q2 dividend payout

Tony Elumelu received $14.45 million from Seplat Energy’s second-quarter dividend, lifting his 2026 payouts to about $35.3 million.

Omokolade Ajayi Omokolade Ajayi
Nigerian billionaire Tony Elumelu.
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After pocketing over $20 million, Tony Elumelu eyes another $14 million dividend from Seplat Energy

Tony Elumelu is due to receive $14.45 million from Seplat Energy on Aug. 28, taking his 2026 dividends to $35.3 million.

Omokolade Ajayi Omokolade Ajayi
Worker operating at Seplat Energy's Oben OML 4
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Seplat nears $5 billion market cap in London after first-half profit jumps to $164 million

Seplat Energy nears a $5 billion market cap in London as H1 2026 net profit surges 498 percent to $164 million on strong production growth.

Omokolade Ajayi Omokolade Ajayi
Worker operating at Seplat Energy's Oben OML 4
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Seplat Energy posts $164 million half-year profit as earnings soar 498%

Seplat Energy posted a $164 million half-year profit as revenue rose to $1.82 billion and production increased.

Omokolade Ajayi Omokolade Ajayi
Nigerian billionaire Tony Elumelu.
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Nigerian billionaire Tony Elumelu named chairman of Seplat Energy

Tony Elumelu will become chairman of Seplat Energy in January 2027, succeeding Senator Udoma Udo Udoma.

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Austin Avuru, co-founder of Seplat.
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Seplat stock boom pushes co-founder Austin Avuru’s stake past $400 million

Seplat stock boom pushes Austin Avuru’s stake above $400 million as NGX rally, earnings and deals re-rate Nigeria’s top oil producer.

Timilehin Adejumobi Timilehin Adejumobi
Nigerian billionaire Tony Elumelu.
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Nigerian billionaire Tony Elumelu set for $10.8 million Seplat dividend payout

Tony Elumelu is set to receive $10.84 million in Seplat dividends as the company boosts payouts amid stronger Q1 2026 earnings.

Omokolade Ajayi Omokolade Ajayi
Nigerian billionaire businessman Tony Elumelu.
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Path to Seplat Energy chairmanship clears as Tony Elumelu joins board as non-executive director

Nigerian billionaire Tony Elumelu joins Seplat Energy board as non-executive director as stake value rises above $1 billion.

Omokolade Ajayi Omokolade Ajayi
Nigerian billionaire businessman Tony Elumelu.
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Nigerian billionaire Tony Elumelu’s Seplat stake tops $1 billion on share rally

Tony Elumelu’s Seplat stake tops $1 billion as shares surge, boosting valuation and reinforcing his influence in Africa’s energy sector.

Omokolade Ajayi Omokolade Ajayi
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Seplat Energy’s Q1 2026 profit rises to $37.9 million on higher oil prices

Seplat Energy profit rises to $37.9 million in first quarter 2026 as higher oil prices and stronger output lift revenue to $840.7 million.

Omokolade Ajayi Omokolade Ajayi