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

Seplat Energy Plc has announced the foreign exchange rate for converting its third-quarter 2026 interim and special dividends into Nigerian naira. As reported on Thursday by the company's corporate disclosure from its offices in Lagos and London, shareholders who choose to receive their payouts in naira will see their dividends converted at a rate of N1,358.34 per US dollar.

This conversion rate is in line with the company's standard dividend payout procedures and reflects the Nigerian Foreign Exchange Market rate published by the Central Bank of Nigeria on November 11, 2026. The company instructed shareholders to refer to a previous regulatory announcement from October 29, 2026, available on its corporate website, for clarification on default currency rules.

Seplat Energy's strong performance in the nine months leading up to September 30, 2026, led the board to declare a combined Q3 payout, which included both an interim and special dividend. This distribution was driven by increased revenue and free cash flow resulting from enhanced onshore and offshore production. The company's qualification and record date for the dividend disbursement, scheduled for around November 27, 2026, had been set prior to the announcement.

Seplat Energy, listed on Nigeria's Premium Board of the Nigerian Exchange Limited and the London Stock Exchange's Main Market, is recognized as Nigeria's leading indigenous energy company. The company operates a diverse portfolio of onshore and shallow-water assets across the Niger Delta and owns three gas processing plants along with interests in three export terminals.