Seplat posts $260 million nine-month profit
Seplat Energy, the Nigerian oil producer 21% owned by Tony Elumelu's companies, earned $260.2 million in nine months and lifted its dividend.
Seplat
Gabonese billionaire Samuel Dossou-Aworet gains $430 million in Q3 as Seplat and Aradel shares surge
Samuel Dossou-Aworet's stakes in Seplat Energy and Aradel Holdings rose $430 million in the third quarter as Nigerian oil stocks rallied.
Nigerian oil tycoon Austin Avuru co-founded Seplat and now grows tomatoes in Ogun State
Austin Avuru co-founded Seplat and retired as CEO in 2020. His family holding company now runs greenhouse farms in Ogun State growing tomatoes.
Why billionaire-controlled BUA, UBA, and Seplat missed FTSE’s Nigeria re-entry
FTSE Russell restored Nigeria to its Frontier Market Index, but billionaire-led giants like BUA, UBA, and Seplat were left off the list.
Oil tycoon Wale Tinubu salutes Otedola, Elumelu deals reshaping Nigeria’s energy sector
Wale Tinubu’s post praising Otedola and Elumelu spotlights two late 2025 megadeals and a fast changing pecking order in energy.
Nigerian businessman Tony Elumelu’s Heirs Energies buys 20% of Seplat for nearly $500 million
Tony Elumelu’s Heirs Energies acquires 20% of Seplat for nearly $500 million, marking a major local investment in Nigeria’s energy sector.
Seplat co-founder ABC Orjiako faces $220 million judgment in BVI court
A British Virgin Islands judge granted Access Bank a US$220 million summary judgment against Seplat co-founder ABC Orjiako, piercing offshore structures tied to historic oil-sector debts.
Meet Gabonese oil tycoon Samuel Dossou-Aworet, who owns $170-million share in Nigeria’s top energy group
Dossou-Aworet’s meteoric rise from humble beginnings to the pinnacle of Africa’s energy elite is a tale of determination and razor-sharp business acumen.
Nigerian energy magnate Austin Avuru to pocket $945,463 in Seplat interim dividends for Q3 2021
Seplat Energy is an independent oil and gas group, with a strategic focus on Nigeria’s Niger Delta region.
Nigerian oil and gas magnate Austin Avuru earns $53.74 million from 94-percent surge in Seplat shares
The surge can be linked to bullish sentiment spiked by a resurgence in global demand for crude oil.