Seplat Energy Plc has secured three major awards across finance, upstream operations and sustainability, further strengthening its reputation as one of Africa’s most respected and high-performing energy companies. The recognitions were received at different high-profile events in Nigeria and the United Kingdom, highlighting the company’s performance in asset management, deal execution and social impact.
At the 30th Anniversary of the PEARL Awards held in Lagos, Seplat Energy won the Market Excellence Award for the 2025 Highest Net Asset Ratio. The award reflects the company’s strong financial position and its ability to efficiently manage assets while delivering value to shareholders on the Nigerian Exchange Limited, NGX. The PEARL Awards were established in 1995 to promote discipline, transparency and sustainable growth within Nigeria’s capital market, and they are regarded as one of the country’s most data-driven corporate performance recognitions.
According to the organisers, Seplat emerged top in its category based on an independent and rigorous assessment of financial data submitted by listed companies. The key metric used for the award is the Return on Net Assets, also known as RONA, which measures how effectively a company uses its assets to generate earnings. A high RONA indicates strong asset efficiency, prudent management and consistent profitability. Seplat’s performance in this area, the organisers said, reflects sustained operational strength and sound financial strategy.
The PEARL Awards management explained that all categories are determined strictly through verifiable figures from published financial statements, without subjective judgment. President and Chief Executive Officer of the PEARL Awards, Mr Tayo Orekoya, said the credibility of the awards lies in their transparent methodology, which allows investors and stakeholders to trust the outcomes. He added that Seplat’s recognition shows its ability to maintain strong fundamentals in a challenging economic environment.
In addition to the local finance award, Seplat Energy also received international recognition at the World Energy Capital Assembly Awards held in London. At the event, the company won the Upstream Deal of the Year award, a category that recognises outstanding transactions, strategic execution and innovation in the global oil and gas industry. The World Energy Capital Assembly, also known as WECA, brings together leading energy executives, investors and policymakers from around the world.
The Upstream Deal of the Year award places Seplat among respected global energy companies that are shaping the future of upstream oil and gas development. Industry analysts say the award reflects Seplat’s growing influence beyond Nigeria and its ability to structure and execute complex transactions that support long-term growth. The recognition also highlights the company’s expanding footprint in Africa’s energy landscape at a time when capital discipline and operational efficiency are increasingly important.
Seplat rounded off its series of recognitions by winning the Education Intervention of the Year award at the SERAS Africa Sustainability Awards held in Lagos. The award recognises the company’s contribution to human capital development through education-focused initiatives in its host communities. The SERAS Awards celebrate organisations that are making measurable social, environmental and governance impacts across Africa.
This year’s SERAS Awards were held under the theme “Sustainability 2.0: Innovating for Impact and Inclusive Growth.” The theme reflects a shift from traditional corporate social responsibility towards more strategic and long-term interventions that align business growth with community development. Seplat’s education programmes were recognised for their focus on inclusion, access and long-term impact.
Founder of the SERAS Awards, Mr Ken Egbas, said African companies must increasingly connect growth with inclusion and profit with purpose. He noted that companies like Seplat are showing that it is possible to pursue commercial success while also investing in people and communities. According to him, the winners demonstrated leadership in aligning business ambition with social equity.
The Chief Executive Officer of Nigerian Exchange Limited, Mr Jude Chiemeka, also commended the organisers of the PEARL Awards for sustaining a culture of performance excellence within Nigeria’s capital market over the past three decades. He said such initiatives help strengthen investor confidence and encourage listed companies to maintain high standards of governance and transparency.
Seplat Energy Plc is a leading Nigerian independent energy company listed on the NGX and the London Stock Exchange. The company is involved in oil and gas exploration and production, as well as gas processing and supply to Nigeria’s domestic market. Over the years, it has positioned itself as a key player in Nigeria’s energy transition, with growing investments in gas development to support power generation and industrial use.
The combination of finance, upstream and sustainability awards reflects Seplat’s balanced approach to business, covering profitability, operational execution and social responsibility. Observers say the recognitions further reinforce the company’s standing among investors, regulators and host communities, both within Nigeria and internationally.
As the energy sector continues to face market volatility, regulatory changes and growing sustainability expectations, Seplat’s recent awards signal its ability to adapt, perform and remain relevant in a competitive environment. The company has not made any political statements on the awards, but industry watchers see the recognitions as a reflection of consistent strategy and execution rather than short-term performance.
