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 house. This brings significant European investment‑banking experience to Seplat’s team, with Canaccord operating across key financial centres and Peel Hunt serving as a UK‑based investment bank and broker.
The appointment 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 optimism is reflected in heightened trading activity on both the London Stock Exchange (LSE) and the Nigerian Exchange (NGX). In early January, LSE volumes reached over 1.1 million shares, approaching the 1.5 million shares traded in December 2024. Similarly, more than 1.8 million shares have changed hands on the NGX so far in January, near 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 was triggered by a recent stake‑sale deal in which Heirs Energies acquired a 20 % stake in Seplat from French oil company Maurel & Prom. The transaction involved 120.4 million shares sold at a premium of 305 pence, significantly boosting Seplat’s share price. On 7 January 2026, Seplat shares rallied 10 % on the NGX, trading over 566,000 units and reaching a price of 6,171.0.
The increased investor interest is a positive development for Seplat Energy, indicating confidence in its strategic direction and growth prospects. As Nigeria’s energy sector continues to improve, Seplat is well positioned to benefit. With the new joint brokers in place 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.
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