{
  "id": 19729053,
  "title": "Seplat fixes Q3 dividend exchange rate at N1,358.34/$",
  "url": "https://urgent.news/2026/11/13/seplat-fixes-q3-dividend-exchange-rate-at-n1-358-34",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-11-13T00:06:51.000Z",
  "source": {
    "name": "Punch",
    "slug": "punch",
    "url": "https://punchng.com/seplat-fixes-q3-dividend-exchange-rate-at-n1358-34/"
  },
  "original_language": "en",
  "account": "Seplat Energy Plc has set the foreign exchange rate for converting its third-quarter 2026 dividends from United States dollars to Nigerian naira. In an announcement Thursday, the dual-listed energy company disclosed that shareholders who opt for naira payouts or have naira as their default currency will have their dividends exchanged at a rate of N1,358.34 per dollar. CFO Eleanor Adaralegbe confirmed this conversion rate aligns with the company's typical dividend payment procedures and reflects the Nigerian Foreign Exchange Market rate, published by the Central Bank of Nigeria on November 11, 2026. Shareholders interested in the default currency rules can refer to the company's earlier regulatory announcement from October 29, 2026, available on its website. The exchange rate disclosure comes after Seplat Energy's robust performance in the nine months ending September 30, 2026, leading to the declaration of a combined Q3 payout, consisting of an interim and special dividend. This distribution was driven by revenue growth and free cash flow, resulting from increased onshore and offshore production. The qualification and record dates for the dividends were set for November 12, 2026, with disbursement planned for or around November 27, 2026. Seplat Energy, listed on the Nigerian Exchange Limited's Premium Board and the London Stock Exchange's Main Market, is Nigeria's leading indigenous energy company, operating a diverse portfolio of assets across the Niger Delta.",
  "summary": "Seplat Energy Plc has announced an exchange rate of N1,358.34/$ for its Q3 2026 interim and special dividends payable in naira to qualifying shareholders. Read More: https://punchng.com/seplat-fixes-q3-dividend-exchange-rate-at-n1358-34/",
  "key_points": [
    "Seplat fixes Q3 dividend exchange rate at N1,358.34/$",
    "CFO confirms rate aligns with typical dividend procedures",
    "Rate based on Nigerian FX Market rate published Nov 11, 2026"
  ],
  "editors_take": "Aligning dividend conversions with official central bank rates ensures that local shareholders receive payouts consistent with current market valuations following the company's recent period of increased production and revenue growth.",
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}