Tag: Seplat Energy

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.

Omokolade Ajayi Omokolade Ajayi
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
Nigerian billionaire businessman Tony Elumelu.
BusinessBillionairesHot News

Nigerian billionaire Tony Elumelu’s Seplat stake climbs to $934 million, nears $1 billion

Tony Elumelu’s Seplat stake hits $934 million as shares rally, nearing $1 billion amid strong investor demand.

Omokolade Ajayi Omokolade Ajayi
Nigerian billionaire businessman Tony Elumelu.
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Elumelu’s Heirs Energies Holds $800m Seplat Stake as Stock Hits Historic N10,000

Months after Tony Elumelu’s $500 million, Seplat Energy becomes first NGX stock to cross N10,000 per share.

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Nigerian billionaire businessman Tony Elumelu.
BusinessBillionairesHot News

Nigerian billionaire Tony Elumelu’s Seplat stake tops $800 million as shares climb

Nigerian billionaire Tony Elumelu’s Seplat stake surpasses $800 million as oil rally and earnings lift shares.

Omokolade Ajayi Omokolade Ajayi
Samuel Dossou-Aworet
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Gabon could gain first billionaire as Samuel Dossou-Aworet’s oil stakes jump to $907 million

Samuel Dossou-Aworet’s oil stakes surge to $907 million, putting Gabon on the verge of gaining its first dollar billionaire as energy stocks rally.

Omokolade Ajayi Omokolade Ajayi