Seplat Power Plc, on Tuesday, made historical past as the primary listed firm on the Nigerian Trade Restricted (NGX) to cross the N10,000 per share worth mark.
The inventory worth of Seplat Power sustained optimistic momentum following FTSE Russell reclassification of Nigeria from unclassified to Frontier Market standing in its interim assessment.
As on the shut of buying and selling actions on April 14, the inventory worth of Seplat Power gained 9.42per cent or N900 per share to shut at N10,450.00 per share, from N9,550.00 per share it opened for buying and selling.
When Nigeria’s reclassification was introduced April 7, the inventory worth of Seplat moved from N9,099.90 per share to N9, 550.00 per share April 8, 2026.
To this point in 2026, the inventory worth of Seplat Power had appreciated by 79.89 per cent or N4,641.00 per share development in its Yr-till-Date (YtD) from N5,809.00 per share it closed for buying and selling in 2025.
A bunch of analysts at Cordros Analysis in a report acknowledged that Nigeria’s return to Frontier Market standing was anticipated to enhance market movement dynamics, with inflows projected within the conservative vary of $840.00 million to $1.04 billion (N1.15 trillion to N1.42 trillion), underpinned by benchmark-driven rebalancing and incremental discretionary allocations.
Cordros Analysis acknowledged, “Worth discovery ought to enhance additional out there’s liquid management cohort: The second-order implication is on worth discovery, notably on the large-cap, liquid finish of the market. Traditionally, international capital doesn’t transfer evenly throughout the board.
“Relatively, it tends to pay attention the place liquidity, free float, governance visibility, and execution capability are strongest. Particularly, the Nigerian constituents of the FTSE/JSE All Africa 40 Index comprised Dangote Cement Plc, GTCO Plc, MTN Nigeria Plc, Nestle Nigeria Plc, Seplat Power Plc, and Zenith {Bank} Plc, with the MSCI Nigeria Index additional incorporating Nigerian Breweries Plc and Stanbic.IBTC Holdings Plc.”
The report mentioned, “As such, the first beneficiaries are prone to stay the extremely liquid names throughout the Banking, Industrial Items, and choose Shopper Items and Oil & Fuel counters.
“As international participation rises, we consider market effectivity ought to enhance, with costs clearing extra successfully round earnings high quality, stability sheet energy, dividend credibility, and sector-specific coverage leverage.
“Put otherwise, the reclassification ought to improve the standard of pricing within the names that dominate benchmark consideration. For traders, this raises the premium on proudly owning liquid market leaders with clear earnings visibility, a reputable capital return trajectory, and the capability to face up to institutional positioning.
“Total, we view Nigeria’s return to FTSE Frontier Market standing as a significant optimistic for the equities market, serving as renewed exterior validation of the market’s enhancing accessibility.”
The corporate delivered transformational development in 2025, with group production rising 148 per cent to 131,506 boepd and income surging 144 per cent to $2.73 billion, reflecting the primary full-year consolidation of offshore property and robust onshore efficiency pushed by the completion of the Sapele Fuel Plant and new properly exercise.
{Financial} efficiency strengthened considerably, as adjusted EBITDA rose 137 per cent to $1.28 billion, working revenue elevated to $675.2 million, and working money movement expanded 276 per cent to $1.17 billion.
Web debt fell 25per cent to $673.3 million, supporting a complete FY 2025 dividend of 25.0 cents per share, up 52 per cent 12 months on 12 months.
Seplat achieved crucial operational milestones—together with first fuel on the ANOH plant, a 48.6 kboepd enhance from the idle properly restoration programme, and completion of the EAP Inlet Fuel Exchanger—whereas lowering onshore emissions depth by 24 per cent and progressing its flaring elimination agenda.
Production steerage for 2026 is ready at 135–155 kboepd, supported by expanded drilling, fuel development tasks, and a strengthened stability sheet.
Kayode Tokede
Times Nigeria