Seplat Energy market cap hits $5.24bn as Elumelu stake exceeds $1bn

Seplat Energy Heirs Holdings Tony Elumelu Nigerian Exchange energy sector

The value of Heirs Holdings’ 20.07% stake in Seplat Energy Plc has surpassed $1 billion, doubling since the investment vehicle acquired the position from French energy company Maurel & Prom in December 2025 for approximately $500 million.

Seplat Energy’s total market capitalization has reached approximately $5.24 billion. This growth follows the company’s acquisition of Mobil Producing Nigeria Unlimited (MPNU) from ExxonMobil, which expanded its production capacity and asset base. The company’s average production increased to 139,509 barrels of oil equivalent per day in the first half of 2026.

Financial performance has shown significant upward trends. In 2025, Seplat reported a 144% increase in revenue to $2.73 billion. For the first half of 2026, the company recorded N2.50 trillion in revenue, with profit before tax rising 74% to N790.4 billion. The stock has also achieved milestones on the Nigerian Exchange, becoming the first listed stock to trade above N10,000 per share.

Entities

Heirs Holdings · Maurel & Prom · Mobil Producing Nigeria Unlimited · Seplat Energy Plc · Tony Elumelu

Claims

What the coverage asserts, and how many sources carry each claim.

[DISPUTED] In the first half of 2026, Seplat recorded N2.50 trillion in revenue and N790.4 billion in profit before tax. punchng.com
[● 2 SOURCES] Seplat Energy completed the acquisition of Mobil Producing Nigeria Unlimited from ExxonMobil. nationaldailyng.com · punchng.com
[● 2 SOURCES] Seplat's revenue increased by 144 percent to $2.73 billion in 2025. nationaldailyng.com · punchng.com
[● 3 SOURCES] The value of Heirs Holdings’ stake in Seplat Energy has exceeded $1 billion. businesselitesafrica.com · nationaldailyng.com · punchng.com
[○ 1 SOURCE] Seplat was the first stock on the Nigerian Exchange to trade above N10,000 per share. nationaldailyng.com
[● 3 SOURCES] Seplat Energy Plc has a total market capitalization of approximately $5.24 billion. businesselitesafrica.com · nationaldailyng.com · punchng.com
[● 3 SOURCES] Heirs Holdings holds a 20.07% equity interest in Seplat Energy Plc. businesselitesafrica.com · nationaldailyng.com · punchng.com
[● 3 SOURCES] Heirs Holdings acquired its stake from Maurel & Prom for approximately $500 million in December 2025. businesselitesafrica.com · nationaldailyng.com · punchng.com

Sources

Tony Elumelu’s $500 million Seplat Stake Now Worth over $1 billion [thepodiummedia.com]

25 days ago

Tony Elumelu’s Seplat Stake Now Worth Over $1 Billion [businesselitesafrica.com]

25 days ago

Seplat market value hits $5. 24bn as Elumelu’s stake surges past $1bn [nationaldailyng.com]

26 days ago

Elumelu’s Seplat stake rises from $500m to over $1bn in eight months [www.qed.ng]

24 days ago

Elumelu’s Seplat investment doubles to over $1bn [punchng.com]

25 days ago