Seplat Energy Sets Naira Exchange Rate for Q3 Dividends at N1,358.34 per Dollar

Seplat Energy Plc has announced the exchange rate for converting its third-quarter 2026 dividends into naira. The company stated that shareholders who choose to receive their dividends in naira will have them converted at a rate of N1,358.34 for every US dollar.

This information was shared in a corporate notice from Seplat’s offices in Lagos and London. The announcement was made by Chief Financial Officer Eleanor Adaralegbe and aligns with the company’s established procedures for dividend payments.

The exchange rate reflects the market rate published by the Central Bank of Nigeria on 11 November 2026. Shareholders looking for more information about currency rules can refer to an earlier announcement made on 29 October 2026, available on the company’s website.

The announcement comes after Seplat Energy reported strong financial results for the nine months ending on 30 September 2026. This performance led the board to declare both an interim and a special dividend for the third quarter.

The dividend distribution is supported by increased revenue and cash flow, driven by higher production levels both onshore and offshore. Shareholders should note that the qualification and record date for the dividends is set for 12 November 2026, with payments expected to be made electronically around 27 November 2026.

Seplat Energy is recognized as Nigeria’s leading indigenous energy company, operating a diverse range of assets across the Niger Delta, including gas processing plants and export terminals.