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Nigerian billionaire Tony Elumelu has made an estimated N680 billion in capital gains within five months His company, Heirs Energies, acquired a 20.07% stake in Seplat Energy for $496 million in DecemberSeplat Energy’s share price has surged, helping Elumelu reap extraordinary rewards
Legit.ng journalist Dave Ibemere has over a decade of experience in business journalism, with in-depth knowledge of the Nigerian economy, stocks, and general market trends.
Nigerian investor Tony Elumelu has achieved an estimated return of over N680bn in five months, solely from the acquisition of a controlling stake in Seplat Energy Plc, one of Nigeria’s premier independent energy corporations.
The significant profit follows a landmark $496m investment by his company, Heirs Energies Limited, which became Seplat’s largest shareholder on December 31, 2025.
Seplat Energy’s stock rally boosts the value of Tony Elumelu’s stake Photo: @tonyelemuluSource: Twitter
Under the transaction, Heirs Energies acquired all the 20.07% shares owned by the French firm, Maurel &
