Seplat sets Q3 2026 dividend exchange rate at N1,358.34/$

Seplat Energy Plc will convert the naira portion of its third-quarter 2026 interim and special dividends at N1,358.34 to the United States dollar. The dual-listed energy company disclosed the applicable rate in a corporate notice issued on Thursday from Lagos and London.

Shareholders who elected to receive their payouts in naira, or whose default currency is naira, will have their dividends converted at that rate. Chief Financial Officer Eleanor Adaralegbe signed the statement. Seplat said the figure follows its established dividend payment procedures and reflects the Nigerian Foreign Exchange Market rate published by the Central Bank of Nigeria on 11 November 2026.

Shareholder action and payment dates

The company directed shareholders seeking clarity on default currency rules to its earlier regulatory announcement published on 29 October 2026 on its corporate website. The qualification and record date for the Q3 distribution closed on 12 November 2026. Electronic dividend disbursement is scheduled for on or around 27 November 2026.

Why the board declared a combined payout

Seplat declared the combined Q3 payout after strong operational and financial performance for the nine months ended 30 September 2026. The distribution comprises an interim dividend and a special dividend. It was underpinned by growth in revenue and free cash flow amid higher onshore and offshore production.

Market listing and operations

Seplat Energy trades on the Premium Board of the Nigerian Exchange Limited and the Main Market of the London Stock Exchange. The company describes itself as "Nigeria’s leading indigenous energy company". It 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.

For naira shareholders, the disclosed rate fixes the local currency value of the payout ahead of the 27 November disbursement date.