Halal, with purification
Seplat Energy passes the business-activity screen and the financial screens under the AAOIFI Standard. Because a share of its income is non-permissible, the matching portion of any dividend you receive should be given away.
NGX: SEPLAT · Oil & Gas · Screened 3 Sept 2026 · H1 2026 accounts
Seplat Energy Plc is Nigeria's leading independent energy company, producing crude oil, natural gas and natural gas liquids. Its operating footprint spans onshore assets in the Niger Delta and offshore acreage off the coast of Akwa Ibom State. The company organises its strategy around three pillars: upstream oil and gas, midstream gas, and New Energy.
Following the acquisition and integration of Mobil Producing Nigeria Unlimited in late 2024, group production averaged 131,506 barrels of oil equivalent per day in 2025, a 148% increase from 52,947 boepd in 2024 and the first full year of offshore consolidation. The MPNU acquisition won Nairametrics' "M&A Deal of the Year" award in 2025. In January 2026, the ANOH Gas Plant achieved first gas, with production stable at 50–70 MMscfd.
Revenue for 2025 reached $2,726 million, up 144.2% from $1,116 million in 2024, with adjusted EBITDA of $1,275.4 million, up 137%. The company has set out capital investment of up to $3 billion over five years, targeting 200,000 boepd by 2030. Approximately 70% of the $3 billion investment will go into oil monetisation, with ~20% into gas monetisation.
Upstream oil and gas, midstream gas, and New Energy. Revenue rose 144% to $2,726 million in 2025 with adjusted EBITDA of $1,275 million, reflecting the first full year of the consolidated offshore assets.
Yes, with purification. As of 3 September 2026, Seplat Energy (SEPLAT) is halal to own under the AAOIFI Standard, provided you purify the non-permissible portion of any dividend you receive.
The dividend is permissible to receive once purified. Qistal publishes the purification rate for the current accounts period inside your compliance report, so you can work out the exact amount to give away.
Qistal re-screens every NGX ticker when new audited or interim accounts are filed. This page always shows the date of the most recent screen.
Yes. Compliance drifts as a company borrows, raises cash, or changes its business mix, so a verdict describes a moment rather than a permanent status.