Tony Elumelu’s Seplat Energy Stake Surpasses $1 Billion After Doubling in Value
Nigerian businessman Tony Elumelu’s investment in Seplat Energy Plc has crossed the $1 billion mark, less than a year after his Heirs investment group acquired the stake for about $500 million. The investment, representing a 20.07% stake in Seplat Energy, was acquired from French energy company Maurel & Prom in December 2025. The transaction involved…
