Seplat Energy Loses Incoming Independent Director to Top Nigerian Regulator Role

SEPLAT Petroleum Development ( (GB:SEPL) ) just unveiled an announcement.

Seplat Energy Plc has confirmed that Engineer Saidu Aliyu Mohammed will no longer join its board as an Independent Non-Executive Director on 1 January 2026, after he withdrew his acceptance following his appointment by the Federal Government of Nigeria as Chief Executive Officer of the Nigerian Midstream and Downstream Petroleum Regulatory Authority, which created a conflict of interest. The company has publicly supported Mohammed’s new regulatory role, highlighting its industry significance, and has indicated it will announce a future replacement for the board position in due course, a move that underscores ongoing attention to governance and regulatory alignment in Nigeria’s energy sector.

The most recent analyst rating on (GB:SEPL) stock is a Buy with a £285.00 price target. To see the full list of analyst forecasts on SEPLAT Petroleum Development stock, see the GB:SEPL Stock Forecast page.

Spark’s Take on GB:SEPL Stock

According to Spark, TipRanks’ AI Analyst, GB:SEPL is a Outperform.

SEPLAT Petroleum Development’s strong financial performance and attractive valuation are the main strengths, supporting a solid overall score. Technical indicators suggest potential bearish momentum, which slightly offsets the positive financial and valuation aspects.

To see Spark’s full report on GB:SEPL stock, click here.

More about SEPLAT Petroleum Development

Seplat Energy Plc is a Nigerian-headquartered energy company with listings in Lagos and London, operating in the petroleum sector with a focus on upstream and related midstream oil and gas activities that serve both domestic and export markets.

Average Trading Volume: 143,933

Technical Sentiment Signal: Buy

Current Market Cap: £1.52B

For detailed information about SEPL stock, go to TipRanks’ Stock Analysis page.