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Seplat

Tony Elumelu Parts With N633.14 million To Prevent Hostile Takeover In UBA

Tony Elumelu’s Influence: Seplat’s Share Hits Highest Price In Company’s History

Since Tony Elumelu, the chairman of United Bank for Africa (UBA), acquired 120,4 million shares in Seplat, the company’s shareholders have recorded a 15.33 percent increase in their investment value. Elumelu had acquired the shares, which represent a 20.06 percent majority stake

January 23, 2026

News·Oil & Gas·Startup·Top Stories

Seplat’s ANOH Gas Plant Delivers First Gas, Begins Domestic LPG Supply

Seplat Energy Plc has recorded a major milestone in Nigeria’s gas development drive with the commencement of production at its 300 million standard cubic feet per day (MMscfd) Assa North–Ohaji South (ANOH) gas processing plant, marking the delivery of first gas to

January 20, 2026

UNGA: What Tony Elumelu Says About President Tinubu’s NASDAQ Bell Ringing-VIDEO

Business·Top Stories

Tony Elumelu’s Heirs Energies Pays $500m To Acquire Majority Stake In Seplat

Heirs Energies Limited, an oil company owned by Tony Elumelu, the chairman of United Bank for Africa (UBA), has acquired a substantial stake of 20.07 percent held by Maurel & Prom S.A. in Seplat Energy Plc for $500 million. The stake, announced on

December 31, 2025

Business·Top Stories

Worst-Performing Nigerian Oil Companies In Q3 2025 — By Revenue Decline

Out of the six oil companies listed on the Nigerian Exchange (NGX), also known as the stock market, four companies made it to the list of the worst-performing oil producers in Nigeria by revenue decline in the third quarter (Q3) of 2025,

December 29, 2025

Business·Top Stories

Five Out Of Six Oil Companies Performed Woefully On NGX In Q3 2025

Shareholders of Eterna Plc, Oando Plc, Conoil, Total Nigeria and Seplat Petroleum ended the third quarter (Q3) with significant losses, compared to those of Aradel Holdings on the Nigerian Exchange (NGX) Limited. However, despite five out of six oil companies’ stocks declining

December 2, 2025

Business·Top Stories

Over N1trn Added To Nigerian Stock Market As Seplat, Beta Glass Record Gains

The Nigerian stock market capitalisation grew by N1.18 trillion on Wednesday, June 18, increasing from N72.49 trillion, reported on Tuesday, June 17, to N73.68 trillion. Also, the all-share index (ASI) increased from 114,910.16 ASI to 116,786.87 ASI, reflecting an increase of 1,876.71

June 18, 2025

Business·Top Stories

Seplat’s Financial Performance Fails To Save Shareholders From N432bn Loss

Despite an impressive financial performance in the first quarter (Q1) of 2025, Seplat is struggling to attract stock market investors in the second quarter, according to Prime Business Africa’s analysis. In the last four weeks, the value of investments held by Seplat’s

June 5, 2025

Business·Top Stories

Nigerian Stock Market Value Drops By N53.30bn

The value of the Nigerian stock market fell by N53.30 billion on Thursday, May 29, as the bourse’s capitalisation dropped from N70.56 trillion on Wednesday, May 28, to N70.51 trillion. This was driven by a 0.07 percent depreciation in the all-share index

May 29, 2025

Business·Top Stories

Seplat Generates N1.22trn Revenue In Three Months – Nearing 2024 Turnover

Seplat generated N1.22 trillion revenue in the first quarter (Q1) of 2025, almost replicating the N1.65 trillion turnover recorded for the whole of last year. According to the company’s financial statements for the period ended March 31, 2025, Seplat’s revenue in Q1

May 16, 2025

Business·News·Oil & Gas

Seplat Plans $250M Gas Plant In Delta State, Focuses On Energy

Effiong Okon, Seplat Plc's Director of New Energy, revealed the company's blueprint to erect a $250 million gas plant in Sapele, Delta State.

November 18, 2023

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Seplat

Tony Elumelu’s Influence: Seplat’s Share Hits Highest Price In Company’s History

Seplat’s ANOH Gas Plant Delivers First Gas, Begins Domestic LPG Supply

Tony Elumelu’s Heirs Energies Pays $500m To Acquire Majority Stake In Seplat

Worst-Performing Nigerian Oil Companies In Q3 2025 — By Revenue Decline

Five Out Of Six Oil Companies Performed Woefully On NGX In Q3 2025

Over N1trn Added To Nigerian Stock Market As Seplat, Beta Glass Record Gains

Seplat’s Financial Performance Fails To Save Shareholders From N432bn Loss

Nigerian Stock Market Value Drops By N53.30bn

Seplat Generates N1.22trn Revenue In Three Months – Nearing 2024 Turnover

Seplat Plans $250M Gas Plant In Delta State, Focuses On Energy

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