For the first time in the history of Nigeria’s stock market, a listed company’s share price has crossed the N6,000 mark. Seplat Energy reached the milestone on January 7, when its shares climbed to N6,171. The rally followed a 10 percent gain on the day. This came after the stock closed at N5,610 on January 6.
The latest surge marks a new record for Seplat. It surpasses the company’s previous all-time high of N5,917.20, which was recorded between October and November. Since Tony Elumelu’s Heirs Energies acquired a majority stake, Seplat has experienced heightened investor interest. Trading activity has picked up notably in recent sessions.
Nearly 1.23 million shares exchanged hands on December 31. Another 1.13 million shares were traded on January 2. On both days, volumes were almost ten times higher than Seplat’s three-month average trading volume. This reflects a sharp increase in liquidity and market participation.