SEPLAT ENERGY ANNOUNCES APPOINTMENT OF NEW UK BROKERS
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By: Balogun Ibrahim
Seplat Energy Plc has named Canaccord Genuity Limited and Peel Hunt LLP as its new joint UK corporate brokers.
A disclosure filed on the Nigerian Exchange (NGX) stated that Canaccord Genuity Limited and Peel Hunt LLP will, in their new roles, work alongside British investment banking and capital markets firm Citigroup Global Markets Limited.
The appointment of Canaccord Genuity and Peel Hunt adds deep European investment banking expertise to Seplat’s advisory team. Canaccord, a Canadian firm, operates across major financial hubs including London, Paris, and Dublin, while Peel Hunt is a UK-based investment bank and broker registered in England and Wales.
The move comes amid improving investor sentiment around Seplat, driven by confidence in the company’s strategic direction and a more positive outlook for Nigeria’s energy sector.
Broker data and trading volume reports show increased activity in Seplat Energy shares across both exchanges.
On the London Stock Exchange, trading volumes in early January have exceeded 1.1 million shares, approaching the 1.5 million shares traded throughout December 2024.
Similarly, on the Nigerian Exchange, more than 1.8 million shares have been traded so far in January, close to the 2 million shares recorded in December.
Over the period, Seplat’s shares have gained 6.23 per cent month-to-date on the NGX, while on the LSE the stock rose 11.26 per cent in the first trading week of January 2026 following a stake sale completed at a premium price of 305 pence per share.
Heirs Energies recently acquired a 20 per cent stake in Seplat Energy from French oil firm Maurel & Prom, a transaction that sparked increased trading activity and renewed investor interest.
The deal involved the purchase of 120.4 million shares at a premium price of 305 pence per share.
On January 7, 2026, Seplat shares surged by 10 per cent on the Nigerian Exchange, with more than 566,000 units traded as the stock climbed to ₦6,171.0.
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