Seplat Energy Plc has appointed Canaccord Genuity Limited and Peel Hunt LLP as its new joint UK Corporate Brokers, according to a disclosure filed on the Nigerian Exchange. The two firms will work alongside Citigroup Global Markets Limited, a British investment banking and capital markets firm. This development brings significant European investment banking experience to Seplat’s team, with Canaccord operating across key financial centers and Peel Hunt being a UK-based investment bank and broker.
The appointment of the new joint brokers comes as investor sentiment around Seplat strengthens, likely driven by confidence in the company’s strategic direction and Nigeria’s improving energy sector outlook. This is reflected in the increased trading activity of Seplat Energy shares across both the London Stock Exchange and the Nigerian Exchange. In early January, trading volumes on the London Stock Exchange have reached over 1.1 million shares, nearing the 1.5 million shares traded in December 2024. Similarly, on the Nigerian Exchange, over 1.8 million shares have been exchanged so far in January, nearing the 2 million shares recorded in December.
Seplat has gained 6.23% month-to-date on the NGX, following an 11.26% rise on the LSE in the first trading week of January 2026. This surge in trading activity and investor interest was triggered by the recent stake sale deal, in which Heirs Energies acquired a 20% stake in Seplat from French oil company Maurel & Prom. The deal, which included 120.4 million shares sold at a premium of 305 pence, has had a significant impact on Seplat’s share price. On January 7th, 2026, Seplat shares rallied by 10% on the NGX, trading over 566,000 units and reaching a price of 6,171.0.
The increased investor interest in Seplat Energy is a positive development for the company, indicating confidence in its strategic direction and growth prospects. As the energy sector in Nigeria continues to improve, Seplat is well-positioned to benefit from this trend. With the appointment of new joint brokers and the recent stake sale deal, Seplat Energy is likely to remain a key player in the industry, attracting attention from investors and industry watchers alike. The company’s performance will be closely monitored in the coming months, as it navigates the evolving energy landscape in Nigeria and beyond.
