Skip to content
MyStocks Logo
mystocksBETA

Seplat Energy has made history as the first NGX stock to cross the ₦10,000 share price🔥

MARKET NEWS
Admin
Seplat Energy has made history as the first NGX stock to cross the ₦10,000 share price🔥

Direct answer

What is the key point of this article?

Seplat Energy has made history as the first NGX stock to cross the ₦10,000 share price🔥

Key takeaways

  • Historic Milestone: Seplat Energy made NGX history on April 14, 2026, becoming the first listed company to close above the ₦10,000 per share mark.
  • It reached a new all-time high of ₦11,000 this week.
  • The "Elumelu Effect": The massive rally (up approximately 80% since January) is largely attributed to the entrance of Tony Elumelu's Heirs Energies, which acquired a 20.07% stake in late 2025.
  • Elumelu joined the board in January 2026, triggering a major market re-rating of the stock.
Historic Milestone: Seplat Energy made NGX history on April 14, 2026, becoming the first listed company to close above the ₦10,000 per share mark. It reached a new all-time high of ₦11,000 this week. The "Elumelu Effect": The massive rally (up approximately 80% since January) is largely attributed to the entrance of Tony Elumelu's Heirs Energies, which acquired a 20.07% stake in late 2025. Elumelu joined the board in January 2026, triggering a major market re-rating of the stock. Exceptional 2025 Results: The surge is underpinned by strong fundamentals. Seplat reported $2.73 billion in revenue for FY 2025 (a 144% increase) and a total dividend of 25.0 cents per share, a 52% jump from the previous year. Institutional Tailwinds: Renewed foreign investor interest is high following Nigeria's reclassification by FTSE Russell to "Frontier Market" status, with Seplat identified as a primary beneficiary of the projected $1 billion in incoming passive capital.

Sources and references

This article is based on mystocks.africa market data, editorial review, and the sources linked in the article body.

Citation: mystocks.africa, "Seplat Energy has made history as the first NGX stock to cross the ₦10,000 share price🔥", updated 2026-04-20, https://mystocks.africa/blog/seplat-energy-has-made-history-as-the-first-ngx-stock-to-cross-the-10-000-share-price

mystocks.africa newsroom content is published for information only and is not investment advice. Read our editorial policy , corrections process , and risk disclosure .

Related African market news

Related Market Tickers

Authoritative data for securities related to this report.

View All Stocks
Seplat Energy PLC