Elumelu’s Seplat Stake Surges Past $1bn as Shares Gain Over 90 Percent

Tony Elumelu’s Heirs Holdings stake in Seplat Energy has more than doubled in value to over $1bn, less than eight months after the investment was made. Heirs Holdings acquired a 20.07 percent stake in Seplat for about $500m in December 2025, buying approximately 120.4 million shares from Maurel & Prom. Seplat’s stronger earnings, higher production […] The post Elumelu’s Seplat Stake Surges Past…