Seplat Profit Jumps 498%, to Sell 10% JV Stake to NNPC

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Seplat Profit Jumps 498%, to Sell 10% JV Stake to NNPC

ABUJA — Seplat Energy reported profit after tax of $164 million for the first half of 2026, up 498 per cent. The company will sell a 10 per cent stake in one of its joint ventures to NNPC for $281.6 million, and plans dividends of about $410 million for the year. Outgoing Chief Executive Roger Brown said the company is stronger than ever.

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