Seplat Energy and Nestle Lead Nigerian Stock Market as Highest Priced Shares on NGX
Seplat Energy Plc and Nestle Nigeria Plc have emerged as the highest priced stocks on the Nigerian Exchange Limited (NGX), highlighting the dominance of key blue-chip companies in Nigeria’s capital market. The rise in their stock values is fueled by robust corporate earnings and strong participation from foreign investors, underscoring confidence in Nigeria’s economic growth. As of March 6, 2026, Seplat Energy shares closed at N9,099.90, while Nestle Nigeria and Airtel Africa recorded closing prices of N3,250.00 and N2,270.00 per share, respectively.
Seplat Energy’s stock has shown a remarkable Year-to-Date (YtD) growth of 56.7 per cent, climbing from N5,809.00 at the close of 2025. The company posted transformational growth last year, with group production surging 148 per cent to 131,506 boepd and revenue increasing 144 per cent to $2.73 billion. This performance was supported by the first full-year consolidation of offshore assets, strong onshore results from the completion of the Sapele Gas Plant, and active new well development.
Financially, Seplat Energy strengthened its fundamentals significantly. Adjusted EBITDA rose 137 per cent to $1.28 billion, operating profit reached $675.2 million, and operating cash flow expanded 276 per cent to $1.17 billion. The company also declared a total 2025 dividend of 25.0 cents per share, marking a 52 per cent increase compared to the previous year. Analysts attribute this growth to strong operational efficiency and strategic investment decisions.
Nestle Nigeria’s stock also recorded a striking YtD growth of 66 per cent, increasing from N1,958.00 at the end of 2025. The multinational company achieved a major turnaround, posting a profit of N105.0 billion in 2025, compared to a loss of N164.6 billion in 2024. Revenue rose to N1.21 trillion, a 26 per cent jump from the previous year, reflecting increased consumer demand and operational improvements.
Other high-value stocks on NGX include Presco at N2,315.40, Okomu Oil Palm at N1,765.00, Aradel Holdings at N1,300.40, and Geregu Power at N1,141.50. Dangote Cement and MTN Nigeria Communications (MTNN) remain among the few trading above N500 per unit. Market experts, including Mr. Aruna Kebira of Globalview Capital Limited, emphasize that these stocks’ fundamentals and international investor confidence continue to drive their high valuations, making them key contributors to Nigeria’s economic growth.
source: Leadership