Finance

Seplat Energy to Sell 10% JV Stake to NNPC for $281.6 Million, Plans Special Dividend

Published

3 months ago

July 30, 2026

Joseph Imo

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Seplat Energy Plc has signed a binding agreement to sell a 10 percent working interest in its joint venture with the Nigerian National Petroleum Company Limited (NNPC Limited) for approximately $281.6 million, a transaction that will strengthen its balance sheet, reduce debt and support enhanced shareholder returns. The agreement, executed through Seplat Energy Offshore Limited […]

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Joseph Imo

I am a seasoned journalist known for my incisive reporting and unwavering commitment to journalistic integrity. As a key member of the nop.ng team, I specialize in delivering balanced coverage of socio political developments and cultural affairs throughout Nigeria. Driven by a passion for uncovering the truth regardless of the complexity of the issue I have established myself as a trusted voice in Nigeria’s dynamic media landscape, continually striving to empower my audience with clear, contextually rich news.