Seplat Energy Plc has named Canaccord Genuity Limited and Peel Hunt LLP as its new joint UK Corporate Brokers, according to a disclosure filed on the Nigerian Exchange (NGX).
In this role, both firms will work alongside British investment banking and capital markets firm, Citigroup Global Markets Limited.
This development comes shortly after Heirs Energies acquired a 20% stake in Seplat from French oil company Maurel & Prom, a deal that triggered a spike in trading activity and heightened investor interest.
According to broker data and trading volume reports, Seplat Energy shares have seen an increase in activity across both exchanges.
During this period, Seplat has gained 6.23% month-to-date on the NGX, after it rose 11.26% on the LSE in the first trading week of January 2026, following the stake sale deal, which was completed at a premium of 305 pence per share.
The new joint brokers—Canaccord Genuity and Peel Hunt—bring significant European investment banking experience to Seplat’s team.
Canadian firm Canaccord operates across London, Paris, Dublin, and other key financial centres, while Peel Hunt is a UK-based investment bank and broker registered in England and Wales.
Their appointment comes as investor sentiment around Seplat strengthens, likely fueled by confidence in the company’s strategic direction and Nigeria’s improving energy sector outlook.
On January 7th, 2026, Seplat shares rallied by 10% on the NGX, trading over 566,000 units and reaching a price of N6,171.0.
In December 2025, analysts at Zedcrest had set a bullish target of N8,049.46 for the stock, implying a 38.6% upside from its reference price of N5,809, based on NAV and DCF models.
The 20% stake acquired by Heirs Energies from Maurel & Prom included 120.4 million shares sold at a premium of 305 pence.