SEPLAT IPO: FROM #576 TO #13,552-THE LESSON FOR DANGOTE IPO INVESTORS
BY Asalu Adegboyega Yinka
Seplat was listed on the Nigerian Stock Exchange through an Initial Public Offering at #576 per share in April 2014. The stock gained significant momentum immediately after listing, rising to about #700 within its first three trading sessions.
However, the rally was short-lived. By December 2014, Seplat’s share price had fallen from #576 to approximately #252, as the global collapse in crude oil prices was compounded by local operational disruptions and a deterioration in the company’s financial performance.
The pressure intensified in 2015 and early 2016 as the global oil glut pushed Brent crude to a 12-year low, briefly falling below $28 per barrel. The sharp decline in oil prices had a significant impact on Seplat’s earnings, with revenue falling by more than 55%.
By January 2016, Seplat’s share price had declined to as low as #151.70. The company moved from being highly profitable at the time of its IPO to recording an operating loss of more than #45 billion.
Earnings per share turned negative, the balance sheet weakened significantly, and shareholders’ funds became negative. The deterioration in the company’s fundamentals also affected its ability to pay dividends, forcing investors to reprice the stock substantially lower.
Fast-forward to 2026, and the story looks dramatically different.
Seplat, which traded as low as #151.70 in January 2016, is now trading around #13,552.60 on the NGX Custom Street, representing a year-to-date return of approximately 133.30%, after opening the year at #5,610 in January 2026.
The Seplat experience offers an important lesson for investors considering the upcoming Dangote IPO.
A fundamentally strong company can experience significant price declines after an IPO because of changes in commodity prices, macroeconomic conditions, operational challenges, earnings, investor sentiment and valuation.
Therefore, before selling fundamentally sound stocks in your portfolio simply to raise money for the Dangote IPO, think twice.
An IPO is not guaranteed to rise after listing. The share price can move significantly upward or downward depending on market conditions, valuation, earnings and investor sentiment.
If you cannot comfortably leave your money invested in the stock market for at least one year, you should think carefully before subscribing to the Dangote IPO.
The Dangote IPO should be approached with a long-term investment mindset rather than the expectation of making a quick trading profit.
Seplat’s journey from #151.70 to #13,552.60 is a powerful reminder that short-term price movements do not always reflect the long-term value creation of a fundamentally sound company.
Yadda zaka samu damar sayan IPO na Dangote Refinery cikin minti 5.
Idan kana son mallakar kaso a kamfanin Dangote Refinery, ga abin da zaka yi:
1️⃣ Sauke Broker App
Ka shiga Play Store ka sauke ɗaya daga cikin:
• Bamboo
• i-invest
• Cowrywise
• Afrinvestor
• Meristem
2️⃣ Buɗe Account
Ka yi registration sannan ka kammala KYC verification da BVN ko NIN.
3️⃣ Jira Verification
Yawanci verification na iya ɗaukar kwana 1–2.
4️⃣ Saka Kuɗi
Bayan account ɗinka ya samu approval, ka saka adadin kuɗin da kake son amfani da shi.
Misali: ₦10,000.
5️⃣ Ranar 14 September
A lokacin da IPO ya buɗe, ka shiga app ɗinka ka nemo damar IPO ɗin.
Sai ka zaɓi adadin shares da kake son nema.
6️⃣ Jira Allocation
Bayan rufe IPO, zaka jira allocation.
Idan aka ba ka shares, zaka ga su a account ɗinka .
---
A TAƘAICE:
Buɗe Broker Account → KYC → Saka Kuɗi → Apply for IPO → Jira Allocation → Karɓi Shares.
Kada ka jira ranar IPO kafin ka fara shiri.
Ka buɗe account tun yanzu.
Idan kana da tambaya game da IPO ɗin, ka rubuta ta a comment section. 👇🏾
One of the easiest ways to get stopped out unnecessarily is trying to force an exact entry from a POI that is too wide or unclear.
Sometimes the zone is too large.
Sometimes there are multiple possible reaction points inside it.
Sometimes you simply don’t have enough information to confidently set a limit.
That is when I prefer confirmations.
Instead of guessing exactly where price will reverse from, I let price come into my POI and show me that buyers or sellers are actually beginning to take control.
CISD is one of the confirmations I use for this.
Yes, waiting for confirmation can mean entering later and sacrificing some R:R.
But sometimes getting more information before risking your money is far more valuable than trying to catch the absolute top or bottom.
My new video explains CISD, how I trade with confirmations, and when confirmation entries make more sense than blind limits.
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You don’t get everything for nothing.
Give trading what it wants, and it can give you what you want.
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How to Build a Profitable Trading Strategy
🖋️ Step one: Choose one market:
Example: XAUUSD, EURUSD
🖋️ Then choose your timeframe:
→ Higher (H4/DI) for trend
→ Lower (M15/M5) for entry
🖋️ After that you Define your setup:
→ Liquidity Sweep → Structure Shift FVG / Order Block → Entry
🖋️ Set strict entry rules:
Enter only when all conditions are met
🖋️ Define SL & TP
Your SL should be beyond invalidation point
While your TP should be in RR: 1:2 or 1:3
🖋️ Risk Management
→ Risk 0.5% - 1% per trade
→ Don't increase lot size after loss
🖋️ Backtest
→ Test minimum 1,000-20,000 trades samples to get the best out of your system
→ Check Ur win rate, RR, drawdown etc
🖋️ Finally Keep a trading journal
→ Test on demo in real market
→ Screenshot all trades and write reasons, SL, TP and result.
It takes a lot to make it in this market,
Your Strategy + Risk Management + Discipline = Profitable System
"what timeframe do you trade?"
"15 minute"
wrong answer
you don't TRADE the 15 minute
you ENTER on the 15 minute
you TRADE the H4
here's what most traders don't understand:
the H4 candle is everything that you need
it tells you:
direction (bullish or bearish body)
momentum (size of the candle)
context (where it sits in the daily range)
the 15m is just your entry tool WITHIN the H4 bias
I watched a guy take 12 trades in a week
9 of them were AGAINST the H4 candle direction
"but the 15m setup was clean"
bro
a clean 15m setup against the H4 is a high-quality way to lose money
here's the framework:
H4 bullish → only look for longs on LTF
H4 bearish → only look for shorts on LTF
H4 indecision → no trade
that's it
my win rate went from 48% to 61% when I added this one filter
add it on the daily and the 6H and your win rate will skyrocket
I wasn't getting better at entries
I was getting better at SKIPPING bad ones
the H4 candle isn't a "confirmation"
it's permission to even look for a trade
no permission = no trade
TRADING IS FOR THE DISCIPLINED.
TRADING IS FOR THE PATIENT.
TRADING IS FOR THE FEARLESS.
TRADING IS FOR THE CONSISTENT.
TRADING IS FOR THE ADAPTABLE.
TRADING IS FOR THE FOCUSED.
TRADING IS FOR THE DETERMINED.
TRADING IS FOR THE SELF AWARE.
TRADING IS FOR THE LEVEL HEADED.
TRADING IS FOR THE STRATEGIC.
TRADING IS FOR THE PERSISTENT.
TRADING IS FOR THE CALM.
TRADING IS FOR THE PREPARED.
TRADING IS FOR THE ACCOUNTABLE.
TRADING IS FOR THE OBSESSED.
TRADING IS FOR THE PATIENT.
TRADING IS FOR THE BELIEVERS.
TRADING IS FOR THE RESILIENT.
TRADING IS FOR THE FOCUSED.
TRADING IS FOR THE RELENTLESS.
TRADING IS FOR THE SELF CONTROLLED.
TRADING IS FOR THE UNEMOTIONAL.
TRADING IS FOR THE CALCULATED.
TRADING IS FOR THE STOIC.
TRADING IS FOR YOU.
It took me a full year before I could even get my first payout from a prop account.‼️
One of the hardest stages of any journey is when your growth is obvious to you, but completely invisible in your results.
You’re putting in more work than ever.
You’re learning everyday.
Making fewer mistakes.
Understanding things today that used to confuse you completely.
But somehow, your life still looks almost the same.
No major breakthrough.
No big result.
Nothing impressive enough to point at and say, “This is what all the work produced.”
That stage can really mess with your head.
Because after a while, you start asking yourself if all this effort is actually taking you anywhere.
Then one day, something finally clicks.
And people think you suddenly became good.
But you know the truth?
It wasn’t that day that made you good.
It was all those months and years when nobody could see the progress.
The mistakes you stopped making.
The things you finally understood.
The discipline you slowly built.
The times you kept going without anything to show for it.
I’ve learnt that progress can remain quiet for a very long time.
Then suddenly, the results become very loud.
So if you’ve been trying for what feels like forever, but you can genuinely say you’re better than the person who started, don’t disrespect that progress simply because the reward hasn’t caught up yet.
Sometimes, the result is just late to the work.
Keep going.
And if you’re currently in this stage where you know you’ve improved but the results still haven’t shown up yet, this is your reminder not to stop now.
Rooting for you💜