Seplat fixes Q3 dividend exchange rate at N1,358.34/$

Seplat Energy Plc has announced the applicable foreign exchange rate for calculating the naira equivalent of its third-quarter 2026 interim and special dividends.

In a corporate disclosure issued on Thursday from its offices in Lagos and London, the dual-listed energy company confirmed that shareholders who elected to receive their payouts in naira, or whose default currency is naira, will have their dividends converted at a rate of N1,358.34 to one United States dollar.

According to the statement signed by Chief Financial Officer Eleanor Adaralegbe, the conversion figure aligns with Seplat Energy’s established dividend payment procedures and reflects the Nigerian Foreign Exchange Market rate published by the Central Bank of Nigeria on 11 November 2026.

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The company advised shareholders seeking clarity on default currency rules to consult its earlier regulatory announcement published on 29 October 2026, via its corporate website. The exchange rate disclosure follows Seplat Energy’s strong operational and financial performance for the nine months ended 30 September 2026, which prompted the board to declare a combined Q3 payout comprising an interim dividend and a special dividend.

That distribution was underpinned by growth in revenue and free cash flow amid higher onshore and offshore production, with the qualification and record date closing on 12 November 2026, ahead of electronic dividend disbursement scheduled for on or around 27 November 2026.

Seplat Energy, which trades on the Premium Board of the Nigerian Exchange Limited and the Main Market of the London Stock Exchange, “is Nigeria’s leading indigenous energy company” and operates a broad portfolio of onshore and shallow-water assets across the Niger Delta, alongside three gas processing plants and interests in three export terminals.

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