How to Buy Seplat Energy Stock in Nigeria
How to Buy Seplat Energy Stock in Nigeria revealed. We tested and verified the best way to buy Seplat Energy Stock in Nigeria.
This is a complete guide on how to buy Seplat Energy Stock in Nigeria.
In this in-depth guide you’ll learn:
- What are Seplat Energy Stock?
- How to buy Seplat Energy Stock in Nigeria?
- Does Seplat Energy pay dividends to Nigerians?
- How to buy Seplat Energy Stock for beginner traders?
- Which broker can you use to buy Seplat Energy Stock?
- Which broker offers a signup bonus for first-time traders?
- Which brokers offer a $5 (2 076 NGN) minimum deposit for investing in Seplat Energy Stock?
- How many Seplat Energy Stock should you buy?
And lots more…
So if you’re ready to go “all in” with the Seplat Energy Stock for Nigerians…
Let’s dive right in…
What is a Stock?
👉 Definition: a stock is a percentage of ownership in a company, such as Seplat Energy, or a financial asset. Investors who hold shares of any company are known as shareholders.
How to Buy Seplat Energy Stock in Nigeria (Updated 2023)
Step by Step how to buy Seplat Energy Stock in Nigeria
Step 1: Choose a reputable brokerage
👉 Through an online brokerage account, you may buy and sell stocks. Additionally, online brokerage accounts include a variety of research, educational tools, and account types to assist you in achieving your investment objectives.
👉 Long-term investors, such as those investing for their children’s school or retirement, may wish to pursue tax-advantaged vehicles, such as individual retirement accounts (IRAs).
👉 If you’re saving for a down payment on a house or accumulating wealth, a taxable brokerage account is a superior alternative. It’s a good idea to conduct some comparison shopping in order to determine which broker is the greatest fit for your needs in Nigeria.
Step 2: Decide how much you wish to invest in Seplat Energy stocks
👉 If you do not have an emergency fund or retirement savings, you should set away some of that money. However, you may invest the remainder as you see fit.
👉 You may not want to purchase a complete share of SEPL stock at first. In this scenario, you may wish to purchase a fractional share of that stock. These vintage share portions are available from various brokerages.
👉 When you are prepared, you can invest a significant sum of money at once or in small amounts over a lengthy period of time using dollar-cost averaging.
👉 Stock is purchased in fixed dollar quantities on a regular basis, typically monthly, regardless of the stock’s price. It reduces your risk and lowers your cost per share in the long run.
👉 Consider how SEPL fits into your whole portfolio if you own other investments. Investors in Seplat Energy should be aware of their other large-cap technology assets.
Step 3: Devise an investment plan
👉 Before making any stock purchases, carefully consider your investment objectives. Investing in large quantities of individual shares of any firm is always risky.
👉 Seplat Energy’s stock may have a history of price volatility which makes it highly susceptible to external factors. While past performance is not indicative of future performance, you may encounter similar volatility in the future. Price swings should be considered when investing in Seplat Energy stock.
Step 4: Do sufficient research on SEPL stock
👉 Investing in a single business, especially if it is a household name such as Seplat Energy, is an exciting idea, but investors in Nigeria must exercise prudence and conduct due diligence.
👉 As a starting point for your examination, review the annual and quarterly reports that publicly traded firms such as Seplat Energy are required to file on a regular basis.
👉 These reports, referred to as earnings reports or quarterly earnings in the financial press, contain a plethora of information on a company’s performance and finances.
👉 Once you have gathered all of this information, you can determine whether or not Seplat Energy is a sound investment.
Step 5: Determine the order type that you would like to place
👉 You can either request to purchase SEPL stock at the best available price on your brokerage platform, or you can utilise more complicated order types, such as limit or stop orders, to acquire shares only when the stock price falls below a set level.
👉 If you place an order outside of the trading hours permitted by your brokerage, the purchase will also be fulfilled whenever trading resumes.
Step 6: Monitor the ongoing performance of your SEPL stock purchase
👉 It’s prudent to monitor your investments and determine their performance. Annualized percent return is an excellent place to start when examining Seplat Energy’s or any other company’s performance.
👉 You may compare your investment to other assets and determine how well it performed using particular benchmarks. Consider returning to the initial data and re-examining it to determine how the stock’s performance has altered over time.
Seplat Energy Stock Overview for Nigerians
👉 Seplat Energy Plc is a Nigerian oil and gas exploration firm that is publicly traded on the Nigerian Stock Exchange (NGX). The company has a portfolio of properties in the Niger Delta region and is based in Lagos, Nigeria.
👉 Seplat Energy Plc’s portfolio of products and services has grown to embrace more areas of the Oil & Gas value chain, including the exploration, development, and production of oil and gas-related projects in Nigeria, as well as other international markets.
👉 A 45 percent stake in OML 4, which covers an area of 267 square kilometres; a 45 percent stake in OML 38, which covers an area of 2 094 square kilometres; and a 45 percent stake in OML 41, which covers an area of 291 square kilometres are all held by Seplat Energy Plc.
👉 Aside from that, Seplat Energy Plc holds a 40 percent non-operated working interest in the OPL 283 marginal field, which is located in the northern onshore deposit-belt of the Niger Delta; a 40 percent non-operated interest in OML 53, which covers an area of 1585 square kilometres onshore in the north-eastern Niger Delta; and a 40 percent non-operated interest in OML 55, which covers an area of 840 square kilometres in the south.
👉 Seplat Energy Plc has been in existence since 2009, when it was initially established, and it was first listed on the stock exchange on April 14, 2014. It was formerly known as Seplat Petroleum Development Company Plc (Petroleum Development Company Plc).
👉 Seplat Energy Plc is headquartered at 25A Lugard Avenue, Ikoyi, Lagos, Nigeria, with its corporate headquarters. Roger Thompson Brown is the current chief executive officer or managing director of Seplat Energy Plc.
👉 The equity shares of Seplat Energy Plc are available for purchase online through the Nigerian Stock Exchange (NGX) under the ticker name SEPLAT.
👉 A subsidiary of Seplat Energy Plc, the oil and gas operations company is listed on the Nigerian Stock Exchange’s Oil & Gas Sector and the Oil & Gas Operations Industry (NGX).
👉 Investing is crucial in Nigeria if you want to grow your money and keep up with inflation. Inflation gradually erodes the purchasing power of money. If you do not invest prudently, the value of your monthly income savings will continue to erode daily.
👉 Investing in stocks in Nigeria has never been easier, owing to technological improvements. If you’re considering investing in the Nigerian stock market, you should know that it has the potential to generate substantial returns over the medium to long term.
👉 When a significant number of people interested in buying and selling stocks come together, communicate, and execute transactions, the stock market is known as a stock exchange or stock market. The determination of business share values is made possible through the use of stock markets, which also serve as an economic barometer.
👉 Participants on the stock market compete for the best price, which ensures that the market is always accessible to new investors and that a high level of liquidity is maintained on the market.
👉 Thus, stock exchanges and other qualified financial instruments can be used by market participants to trade stocks and other eligible financial instruments with complete trust and little to no operational risk. Depending on the parameters set forth by the regulator, the stock markets can function as both main and secondary markets.
👉 Initial public offers (IPOs) allow companies to sell their equity to the general public for the first time through the stock market, a process known as public offering.
👉 A range of funding sources are used in this activity to aid businesses in obtaining financing. An example of this would be the division of a corporation (say, into 20 million shares) and the sale of a portion of those shares (say, 5 million shares) to the general public at a price (say, $10 per share) below the market price.
👉 A market for these shares is required for a business to make this process more efficient. The stock market facilitates this type of trade.
👉 Investors will receive the company’s stock, which they may hold for a specified amount of time in anticipation of a share price increase and dividend payments. Companies and their financial partners compensate the stock exchange for the facilitation of this capital-raising process.
👉 Seplat Energy’s stock is one of the most prominent on the market today. Continue reading to understand how to purchase Seplat Energy stock in Nigeria.
Pros and Cons of Buying Seplat Energy Shares
👉 During the most recent trading session, Seplat traded at 1,199.90, an increase of 2.00 or 0.17 percent from the previous trading session.
👉 Seplat has gained 29.02 percent during the last four weeks, according to historical data. Its value has increased by 110.51 percent in the last year.
👉 According to Trading Economics global macro models forecasts and analyst expectations, Seplat is predicted to be priced at 1,181.18 by the end of this quarter and at 1,126.76 by the end of the next year.
👉 A final dividend payout of $14 million, equivalent to $0.025 per ordinary share, was announced by Seplat Energy in February 2023, as a way of rewarding shareholders.
👉 Seplat Energy, which just completed the acquisition of the entire shallow water assets of one of ExxonMobil’s Nigerian companies, Mobil Producing Nigeria Unlimited, pays dividends four times a year, at three-quarters of a percent per quarter.
👉 Following withholding tax and shareholder approval, the dividend will be paid to shareholders whose names appear in the company’s register of members on May 5, 2023, at the end of the company’s regular business day.
👉 After the conclusion of the register of shareholders on May 6, the company’s registrar will begin preparing for the payment of the final dividend, which will occur on or around May 25.
👉 Investors who hold their shares on the Nigerian Exchange Limited (NGX) without a valid Nigerian Certificate for Capital Importation (“CCI”) would be paid their dividend in Naira, which will serve as the default currency, according to the statement.
👉 Shareholders who hold their shares on the NGX and have a valid CCI will receive their dividend in U.S. dollars, whilst shareholders who hold their shares through depository interests on the London Stock Exchange will receive their dividend in U.S. dollars as well.
|✔️ Pros||❌ Cons|
|Trading at 30% below the estimate of its fair value||Unstable dividend track record|
|Earnings are forecast to grow 14.15% per year.||Volatile share price over the past 3 months.|
Should You Invest in Seplat Energy in 2023?
👉 The Nigerian Stock Exchange (NGX) All-Share Index ended the week on a good note, rising by 0.4 percent, while the market capitalisation increased to N25.507 trillion. This week, the price of around 44 stocks increased, which is an increase from the price of 43 stocks the previous week.
👉 Approximately 22 stocks declined in value, a decrease from the previous week’s loss of 38 stocks, while 90 stocks stayed stable in value.
👉 One of the most significant pieces of news this week came from Seplat, which revealed that it had struck an agreement with Mobil Producing to purchase the latter’s largest offshore asset in Nigeria, in a deal that might be worth up to $1.5 billion.
👉 Because of the strong response from investors, Seplat shares rose 7.5 percent to finish at N859.9 per share. Here are a few of the most significant aspects of the transaction.
Best Brokers for Buying Seplat Energy Shares in Nigeria
Account Activation Time
USD 10 / 4145 NGN
MetaTrader 4 and MetaTrader 5
Account Activation Time
USD 5 / 2 075 NGN
IFSC, CySec, ASIC
Desktop MT4 and MT5, Mobile MT4 and MT5, XM mobile app, Web platform
No (Just spread)
Account Activation Time
USD 100 / 41450 NGN
CySEC, FCA, FSA, FSCA, Labuan FSA
Meta Trader 4
Account Activation Time
USD 10 / 4145 NGN
ASIC, BaFin, CMA, CySEC, DFSA, FCA, SCB
MetaTrader 4, MetaTrader 5, cTrader and TradingView
Account Activation Time
Trading margined products carries a high level of risk. Pepperstone Markets Kenya Limited, CMA Licence No. 128
|🥇 Exness||🥇 FXTM||🥇 XM||🥇 Tickmill||🥇 Pepperstone|
|⚖️ Regulation||FSA, CBCS, FSC, FSC BVI, FSCA, CySEC, FCA||CySEC, FSCA, FCA, FSC Mauritius||FSCA, IFSC, ASIC, CySEC, DFSA||FSA, FCA, CySEC, Labuan FSA, FSCA||ASIC, BaFin, CMA, CySEC, DFSA, FCA and SCB|
|💻 Trading Platform||MetaTrader 4, MetaTrader 5, Exness Terminal, Exness Trader app||MetaTrader 4, MetaTrader 5, FXTM Trader||MetaTrader 4, MetaTrader 5, XM Mobile App||MetaTrader 4, MetaTrader 5||• MetaTrader 4,
• MetaTrader 5,
|💰 Withdrawal Fee||No||Yes||No||No||No|
|✔️ Demo Account||Yes||Yes||Yes||Yes||Yes|
|📈 Min Deposit||41,000 Naira||10,000 Naira||2,000 Naira||41,500 Naira||60,700 Nigerian Naira|
|💸 Spread||From 0.0 pips EUR/USD||From 0.0 pips||From 0.0 pips||From 0.0 pips||From 0.0 pips|
|💳 Commissions||$3.5 on Zero Account||Yes, variable||USD7/100 000||2 per side per 100,000 traded||USD 0.04 (USD 0.08 round turn)|
|🛑 Margin Call/Stop-Out||None||40%||50%||100%/30%||50%/0%|
|📲 Order Execution||None||Market||Instant||Instant||Instant|
|💰 No-Deposit Bonus||No||Yes||Yes||Yes||No|
|💳 Cent Accounts||Yes||Yes||Yes||No||No|
|💻 Account Types||• Standard Account, Standard Cent Account,|
• Raw Spread Account,
• Zero Account, Pro Account
|• Micro Account,|
• Advantage Plus Account
|• Micro Account, Standard Account, XM Ultra-Low Account, Shares Account||• Pro Account, Classic Account,|
• VIP Account
|• Standard account,
• Razor Account,
• Professional Account,
|⚖️ CBN Regulation||No||No||No||No||No|
|💰 NGN Deposits||Yes||Yes||Yes||No||Yes|
|✔️ Nigerian Naira Account||Yes||Yes||No||No||No|
|📞 Customer Service Hours||24/7||24/5||24/5||24/5||24/7|
|🛍 Retail Investor Accounts||5||2||4||1||2|
|☪️ Islamic Account||Yes||Yes||Yes||Yes||Yes|
Best Mobile Apps to buy US Stocks in Nigeria
👉 The stock market in the United States is one of the most appealing venues for investors, regardless of their investment style, experience, or goal.
👉 It used to be difficult for a Nigerian or non-US citizen to acquire and invest in US securities. However, thanks to technological advancement, Nigerians can now invest in the US stock market using their smartphone, tablet, iPad, or computer.
👉 Leadtrader is well-known among stock apps in Nigeria for having the lowest brokerage fees, with commissions as low as 0.75 percent in some cases. When you give them permission to trade on your behalf, the commission can reach 1.35 percent of the total.
👉 This software provides a comprehensive internet trading platform for Nigerians. It also provides new investors with regular stock recommendation options, as well as a variety of services such as dividend management, certificate administration, and registrar handling.
👉 Meristem Securities’ software provides traders with a secure platform from which to trade using their mobile phones. Furthermore, it offers a diverse range of companies to choose from, with assets in both domestic and international markets.
👉 Rise is more than just a stock trading app; it can be thought of as a global asset management firm. It offers dollar-denominated investments in which you can put your money to work while watching its value rise.
👉 As a result of this arrangement, Rise skilled fund manager trades on your behalf. In addition, you can invest in real estate, fixed assets, or stock asset investments.
Frequently Asked Questions
Can I buy stock directly from Seplat Energy?
No, Seplat Energy stock should be bought through a stockbroker in Nigeria, whether it is offshore or based locally.
Is Seplat Energy stock a good buy in 2023?
Most analysts consider Seplat Energy stock to be a good growth investment in 2023 for investors in Nigeria and elsewhere.
What is the best way to buy Seplat Energy stock?
To buy Seplat Energy stock, investors in Nigeria should take the following steps:
- Choose a reputable stockbroker
- Decide on your investment amount
- Set up an investment plan
- Do enough research on you SEPL stock
- Determine the order type
- Continue to monitor the performance of your SEPL stock.