Home » Gabonese oil tycoon Samuel Dossou-Aworet’s stake in Seplat crosses $230-million mark

Gabonese oil tycoon Samuel Dossou-Aworet’s stake in Seplat crosses $230-million mark

Dossou-Aworet's stake surges by $65 million in 94 days — crossing $230-million mark

by Omokolade Ajayi
Samuel Dossou-Aworet

Gabonese oil tycoon Samuel Dossou-Aworet has recorded a notable surge in his fortune, propelled by the performance of his holdings in Nigeria’s largest listed energy group — Seplat Energy. Recent reports indicate that his stake in the energy giant has surpassed the $230-million mark, marking a significant financial milestone for the leading energy mogul.

According to data tracked by Billionaires.Africa, Dossou-Aworet, a leading Gabonese oil tycoon who ranks as one of the richest investors on the Nigerian Exchange, has seen the market value of his stake in Seplat Energy surge by N51.8 billion ($65.68 million) — underscoring the robust performance of his investment portfolio.

Seplat Energy, renowned for its strategic operations in Nigeria’s Niger Delta region, owes its foundation to Nigerian energy moguls Ambrosie Bryant Orjiako and Austin Avuru, who established the company in 2009. The company’s growth trajectory has positioned it as the largest listed energy group on the Nigerian Exchange.

Recent surge in Seplat shares propels market cap above $1.7 billion

Parallel to Orjiako and Avuru’s substantial shareholdings in Seplat Energy, Dossou-Aworet’s influence emerges through his stake in the energy giant. His wholly-owned oil conglomerate, Petrolin Group, owns a substantial 13.87-percent stake in Seplat, amounting to an impressive 81,015,319 ordinary shares.

This substantial holding not only cements Dossou-Aworet’s position as one of the most affluent investors on the Nigerian Exchange but also solidifies his standing as one of the leading energy tycoons on the African continent.

The recent surge in Seplat’s shares on the Nigerian Exchange, marking a notable 38.2 percent increase from N1,670.8 ($2.12) on Aug. 30 to N2,310.1 ($2.93) presently, has propelled the company’s market capitalization above the $1.7-billion mark.

Samuel Dossou-Aworet’s stake surges by $65 million in 94 days—crossing $230-million mark

As a result of the recent surge, the market value of Dossou-Aworet’s stake in Seplat Energy has ballooned by N51.8 billion ($65.68 million) over the past 94 days, rising from N135.36 billion ($171.65 million) on Aug. 30 to N187.15 billion ($237.33 million) as of Dec. 2.

This $65-million surge in his shares has not only propelled the market value of his stake in the leading energy group above the $230-million mark, but also reaffirmed his position as a top figure among the energy magnates on the African continent.

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