Seplat Energy Plc, the leading Nigerian independent energy firm dual-listed on the Nigerian Exchange Limited (NGX) and the London Stock Exchange (LSE), has confirmed that a currency exchange rate of ₦1,584.9542 to the US dollar will apply for shareholders receiving the Q1 2025 interim dividend in naira.
The company disclosed that the naira payout rate is based on the Central Bank of Nigeria’s Nigerian Foreign Exchange Market (NFEM) rate as of May 22, 2025. This aligns with Seplat’s ongoing policy of pegging dividend currency conversions to prevailing official rates.
Shareholders are advised to refer to Seplat’s April 28, 2025 announcement—available on the company’s investor relations portal—for clarity on the default currency provisions that determine whether a shareholder receives their dividend in naira or US dollars.
This interim dividend announcement is part of Seplat Energy’s consistent shareholder reward strategy, maintaining its position as one of Nigeria’s most transparent and investor-friendly corporates in the oil and gas sector.
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