KEY POINTS

• Austin Avuru’s Seplat stake now worth $202 million.
• Seplat shares rise 10 percent, lifting market value to $2.4 billion.
• Stock up 3.81 percent year-to-date amid investor optimism.

Austin Avuru, a Nigerian energy billionaire and co-founder of Seplat Energy Plc, has watched the value of his share in the company rise to over $200 million as Seplat’s stock continues to rise on the Nigerian Exchange (NGX).

Avuru is one of Nigeria’s most important oil executives. He owns 50.02 million shares in Seplat, making him one of the company’s biggest individual stockholders. In the last nine trading days, the value of his holdings has gone up by N26.91 billion ($18.4 million), from N269.07 billion ($184.05 million) to N295.97 billion ($202.45 million).

The most recent rise builds on prior gains made between June 17 and July 3, when his share was up by nearly $15.84 million. The steady climb shows that investors are once again confident in Seplat’s fundamentals and the future of Nigeria’s oil and gas industry.

Seplat’s stock price goes up 10 percent, bringing its value to $2.4 billion

Avuru and Ambrosie Orjiako started Seplat in 2009. It has now evolved into one of Africa’s top independent oil and gas producers, having activities all across the Niger Delta.
Its shares are listed on both the NGX and the London Stock Exchange, which makes it easy for investors from around the world to get into Nigeria’s energy sector.

Seplat’s stock has gone up almost 10 percent in the last nine days, from N5,379.3 ($3.68) to N5,917.2 ($4.05) per share. This surge raised its market valuation to over $2.4 billion, making it Nigeria’s most valuable listed energy business even more so.

In 2025, Seplat’s stock went increased 3.81 percent

According to Billionaires Africa, the price of Seplat’s stock has gone up 3.81 percent this year. If you had put $100,000 into the market at the beginning of the year, it would now be worth about $103,810.

Even though inflation and global market instability are putting pressure on the company, its ability to stay strong shows that investors trust it and that Avuru still has a strong presence in Nigeria’s energy sector.