Oil tycoon Samuel Dossou-Aworet's Seplat stake has surged to $670 million and keeps climbing
Samuel Dossou-Aworet's 13.5% stake in Seplat Energy through Petrolin Group is now worth $670 million, up $300 million since the start of 2026.
Seplat Energy
Nigerian tycoon Tony Elumelu named Seplat Energy chairman
Tony Elumelu will become Seplat Energy chairman in January 2027 as Effiong Okon takes over as CEO in August, completing a sweeping leadership transition at Nigeria's largest indigenous energy company.
Seplat just handed Mohamed Farouk's ADES a $92.7 million contract. The Saudi driller now has more than $843 million staked on Nigeria
Mohamed Farouk's ADES International has secured a $92.7 million offshore drilling contract with Seplat Energy in Nigeria, bringing the company's cumulative Nigerian contract value to over $843 million since entering the market in 2025.
Oil tycoons Tony Elumelu, Austin Avuru, Samuel Dossou-Aworet win big as Seplat becomes first NGX stock to hit N10,000
Seplat Energy became the first stock in the history of the Nigerian Exchange to breach N10,000 per share, handing Tony Elumelu, Samuel Dossou-Aworet and Seplat's co-founders combined paper gains worth hundreds of millions of dollars.
Tycoon Tony Elumelu’s Heirs Energies sits on $186 million Seplat paper gain in under two months
Heirs Energies is up about $186.6 million on paper on its Seplat stake, bought in December as Nigerian independents expand.
Nigerian businessman Tony Elumelu joins Seplat Energy as non-executive director
Seplat said Tony Elumelu’s experience will strengthen board oversight as the company pursues growth in Nigeria’s evolving energy market.
Seplat begins ANOH gas production weeks after Tony Elumelu’s Heirs Energies takes $500 million stake
Seplat Energy begins ANOH gas production, increasing Nigeria’s gas supply and supporting industrial and domestic energy needs.
Seplat, co-founded by Austin Avuru, completes key offshore gas upgrade
Seplat, co-founded by Austin Avuru, boosts offshore output after completing its key Inlet Gas Exchanger upgrade in OML 67.
Seplat, co-founded by Austin Avuru, raises crude production with 26 wells rehabilitated
Seplat boosts crude output by 33,000 barrels daily after reviving 26 wells, driving Nigeria’s oil and energy recovery.
Seplat, co-founded by Austin Avuru, grows oil operations with new Mobil assets
Seplat Energy steps up oil and gas production after acquiring Mobil assets, strengthening performance and expanding Nigeria’s offshore capacity.
Nigerian energy mogul Austin Avuru’s Seplat stake tops $200 million
Seplat co-founder Austin Avuru’s stake surpasses $200 million as the energy firm’s shares surge on the Nigerian Exchange.
Seplat Energy, co-founded by Austin Avuru, to invest up to $3 billion in Nigeria
Seplat Energy to invest up to $3 billion in Nigeria after the Exxon deal, boosting oil and gas output, shareholder returns, and local energy access.
Seplat, co-founded by Austin Avuru, reports nearly $1.4 billion in half-year revenue
Seplat Energy posts $1.4 billion H1 2025 revenue, up 231%, as oil sales soar; profit falls 45% on tax bill and rising admin costs.
Nigerian energy tycoon Austin Avuru gains $15 million from Seplat stake
Seplat Energy co-founder sees major rebound after an earlier market dip, reaffirming strength in Nigeria’s energy sector.
Nigerian energy magnate Austin Avuru records $23.6 million loss on Seplat stake
Since the start of the year, the market value of this stake has fallen by $23.6 million, driven by a slump in the company’s share price.
Seplat, co-founded by Austin Avuru bets big on power sector
The move, announced by CEO Roger Brown, is part of the firm’s long-term strategy to deepen Nigeria’s energy access and industrial development.