Seplat Energy Hits N14,907 Per Share As Hormuz Disruption Drives Oil Tally

Seplat Energy Plc has set a fresh all-time high on the Nigerian Exchange Limited (NGX), with its share price closing at N14,907.80 on September 16, a 52-week peak driven by mounting disruption in global oil markets. The stock's latest advance follows a 10 per cent jump from N13,552.60 recorded on September 10, and comes amid intensifying supply concerns linked to the ongoing US-Iran conflict, which has disrupted shipping through the Strait of Hormuz, one of the world's busiest crude oil corridors. Data from the NGX show Seplat's rally has moved in sharp, stepped increases rather than a steady climb. Over a 12-month horizon, Seplat has gained roughly 177 per cent since trading at N5,379 a year ago, a re-rating that analysts say extends well

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