Seplat Energy PLC, one of Nigeria’s leading indigenous oil and gas companies headquartered in Lagos, has fixed the exchange rate for its Q3 2025 interim dividend at ₦1,443.08 per US dollar.
This rate is based on the Central Bank of Nigeria’s (CBN) Nigerian Foreign Exchange Market (NFEM) as of November 12, 2025.
The corporate filing, signed by the company’s Chief Financial Officer, Eleanor Adaralegbe, and containing the Q3 2025 dividend exchange rate, was submitted to both the Nigerian Exchange Group (NGX) and the London Stock Exchange (LSE), where Seplat is dual-listed.
The announced Naira-to-Dollar rate applies to shareholders who will receive their dividend in Naira.
This is important given the company’s dual listing and the current volatility in Nigeria’s foreign exchange market, where the Naira has lost over 20% of its value against the dollar this year.
An interim dividend is a payment made by a company before its Annual General Meeting (AGM) and the release of its final financial statements. It is declared by the Board of Directors and paid from retained earnings, often alongside interim financial results.
The update follows the company’s October 30 dividend declaration, with payments expected in December 2025 and the corporate disclosure serves as an official communication channel for listed companies to inform shareholders of key developments, in line with the Securities and Exchange Commission (SEC) guidelines.
Shareholders are advised to watch for any further communication from the company regarding the dividend payment, if necessary.
Seplat is listed on the Premium Board of the Nigerian Exchange Group, with a market capitalization of ₦3.55 trillionand an outstanding share capital of 599.94 million shares. The company’s share price closed flat at ₦5,917.20, marking a 52-week high.
Seplat recently reported strong financial results for Q3 2025, with revenue rising by 213% year-on-year to reach ₦3.36 trillion.
