Key Factors
- Austin Avuru’s 8.5% stake in Seplat fell $23.6 million in 2025 amid an almost 13% share value drop on the Nigerian Trade.
- Seplat’s Q1 2025 income soared 350% to $809.3 million, pushed by increased output and asset integration from SEPNU acquisition.
- Regardless of sturdy earnings, Seplat’s market worth slipped under $2 billion, pressuring investor returns together with Avuru’s holdings.
Nigerian power magnate Austin Avuru, co-founder of Seplat Vitality, has seen a pointy decline in his wealth in 2025, because the market worth of his stake in Nigeria’s largest listed power agency has dropped considerably amid sustained promoting strain on the Nigerian Exchange (NGX).
Avuru’s Seplat stake falls $23.6 million
Avuru holds an 8.5 % stake, amounting to 50.02 million shares, in Seplat, cementing his standing as one among Nigeria’s main traders within the oil and fuel sector. Because the begin of the 12 months, the market worth of this stake has fallen by N36.79 billion ($23.63 million), pushed by a droop within the firm’s share value.
This downturn follows a formidable achieve of $53.56 million in 2024, when Avuru’s stake surged from N115.54 billion ($131.04 million) to N285.11 billion ($184.6 million), boosted by a triple-digit rise in Seplat’s share value and the consequences of the naira’s devaluation.
Seplat soars, but inventory slips
Based in 2009 by Nigerian power magnates Austin Avuru and Ambrosie Orjiako, Seplat Energy has risen to turn into Nigeria’s largest listed power group on the NGX, anchored by a dominant presence within the Niger Delta’s oil and fuel sector.
Within the first quarter of its 2025 fiscal year, the corporate posted spectacular outcomes, with income leaping 350 % to $809.3 million. The enhance got here from increased oil and fuel output and the mixing of property acquired from SEPLAT Petroleum Nigeria Limitless (SEPNU).
However even with the sturdy earnings, Seplat’s inventory hasn’t escaped market pressures. Its share value has slipped practically 13 % because the begin of the 12 months, from N5,700 ($3.66) on Jan. 1 to N4,964.4 ($3.19), pulling its market worth under the $2 billion mark and chipping away at investor returns.
Avuru’s Seplat stake drops $23 million
Austin Avuru, co-founder of Seplat Vitality, has seen the worth of his 8.5-percent stake within the firm fall by N36.79 billion ($23.63 million) because the begin of the 12 months. His holding, as soon as value N285.11 billion ($183.09 million) on Jan. 1, now stands at N248.32 billion ($159.46 million), based mostly on the newest figures.
