Seplat Energy, Nestle Emerge As Highest Priced Stocks On NGX

Seplat Energy Plc, Nestle Nigeria Plc, among others, have emerged as the highest priced stocks on the Nigerian Exchange Limited (NGX).

The growth of some of these stocks is driven by strong corporate earnings and massive participation from foreign investors.

As of March 6, 2026, the stock price of Seplat Energy closed for trading at N9,099.90 per share, while Nestle Nigeria and Airtel Africa closed at N3,250.00 and N2,270.00 per share, respectively, on the bourse.

Findings by LEADERSHIP revealed that the stock price of Seplat Energy has appreciated by 56.7 per cent in its Year-to-Date Growth (YtD), from N5,809.00 per share at which it closed trading in 2025.

Seplat Energy delivered transformational growth in 2025, with group production rising 148 per cent to 131,506 boepd and revenue surging 144 per cent to $2.73 billion, reflecting the first full-year consolidation of offshore assets and strong onshore performance driven by the completion of the Sapele Gas Plant and new well activity.

Financial performance strengthened significantly, as adjusted EBITDA rose 137per cent to $1.28 billion, operating profit increased to $675.2 million, and operating cash flow expanded 276 per cent to $1.17 billion. The Company declared a total full year 2025 dividend of 25.0 cents per share, up 52 per cent year on year.

For Nestle Nigeria, the multinational company’s stock price has appreciated by 66 per cent YtD, from N1,958.00 per share at which it closed trading in 2025.

Nestle Nigeria in 2025 reported an exceptional recovery and robust growth in 2025. The company declared a remarkable turnaround to a profit of N105.0 billion, a 164 per cent improvement from the N164.6 billion loss recorded in 2024. The profit growth was driven by N1.21 trillion revenue in 2025, a strong 26 per cent increase from N958.8 billion in 2024.

Other expensive stocks trading above N1,000 per unit as of March 6, 2026, are: 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.

The likes of Dangote Cement and MTN Nigeria Communications (MTNN), are the only two stocks trading above N500 per unit as of March 6, 2026.

Dangote Cement has seen a modest increase in 2026, rising to N815.00 per share from N809.00 at the 2025 close. For MTNN, its stock price closed on March 6, 2026, at N790, about 55 per cent YtD growth from N511 per share it opened for trading this year.

The capital market noted that these stocks remain major drivers of the Nigerian market, highlighting their contribution to Nigeria’s economic growth.

The managing director of Globalview Capital Limited, Mr Aruna Kebira, stated that market forces have continued to be a major driver of these prices on the NGX, noting that these stocks’ fundamentals are evident not only in Nigeria but across the globe, and that this is expected to be reflected in the prices.