Africa's Markets, Startups & Money Moves — Updated Daily

Aradel, Seplat and Oando Build N2.86 Trillion Cash War Chest in H1 2026

Aradel Holdings, Seplat Energy and Oando Plc built a combined N2.86 trillion cash war chest in the first half of 2026, providing substantial liquidity to support post-acquisition growth and higher production.

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Tony Elumelu Appointed Chairman of Seplat Energy

Seplat Energy has announced the appointment of billionaire investor and business leader Tony Elumelu as the next Chairman of the company

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Seplat Becomes First NGX-Listed Firm to Surpass N10,000 Per Share

Seplat Energy, a leading independent oil and gas company in Nigeria, has become the first listed firm on the Nigerian Exchange Limited (NGX) to surpass the N10,000 per share mark

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Heirs Energies Acquires 20% Stake in Seplat Energy for $500 Million

Tony Elumelu’s Heirs Energies has acquired a 20% stake in Seplat Energy for $500 million, becoming the single largest shareholder in the company.

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