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Tony Elumelu expands Seplat stake to 21.07%, now worth $1.5 billion
Summary by The Lagos Editorial Desk Israel Ojoko , as published by Nairametrics
· September 30, 2026
· 1 min read
Photo: Nairametrics · view original
Story provenance No corrections
Summary created by The Lagos Editorial Desk — automated, rule-governed Byline on source page Israel Ojoko, as published by Nairametrics Original story Read at the source Source published Sep 30, 2026 AI assistance Automated summary drawn from the source’s own published text Prepublication human review No — editorial rules, flagged-item review, and published samples
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Key points His stake in Seplat Energy Plc now stands at 21. The acquisition involved 6 million shares, which were obtained through Heirs Energies Limited.
A significant investment has been made by Tony Elumelu, a Nigerian billionaire. His stake in Seplat Energy Plc now stands at 21.07%. This increase is a result of acquiring additional shares through one of his entities.
The value of this stake is substantial, currently worth $1.5 billion. The acquisition involved 6 million shares, which were obtained through Heirs Energies Limited.
Further information about this investment can be found through the original source, which provides more details about the transaction and its implications.
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Nairametrics reported and published this story. The Lagos selected it, summarised the key facts above, and links to the original. We did not report this story and we added no reporting of our own to it.
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As published by Nairametrics . The Lagos selects stories from publishers’ feeds, summarises them, and links back to the publisher that reported them. We add no reporting of our own. We attribute every source, link to the original report, and follow a documented editorial standards policy. To understand how stories are selected and reviewed, read our about page .
For the complete original report, visit Nairametrics . Have a tip or correction? Contact the editor .
Category: News Published: September 30, 2026 Source: Nairametrics Reading time: 1 min
Frequently asked about this story
What is this story about? A significant investment has been made by Tony Elumelu, a Nigerian billionaire. His stake in Seplat Energy Plc now stands at 21.07%. This increase is a result of acquiring additional shares through…
When was this published? This article was first published on September 30, 2026 by Nairametrics and curated for The Lagos readers.
Who reported this story? This story was reported by Israel Ojoko at Nairametrics. To learn more about how The Lagos selects and reviews stories, see our editorial standards .
Where can I find related coverage? See more News coverage from The Lagos, or browse our daily briefing and topic hubs .
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