Seplat Energy’s decision in April to nearly double its quarterly dividend to 9 cents per share, backed by robust free cash flow and a supportive oil price environment, has left a footprint in the sands of Nigerian energy investment. The Nigerian oil independent reported in its 2026 first quarter (Q1) results that its revenue rose 4 per cent to $840.7 million compared to the previous year, as oil prices rose to around $86 per barrel.