Seplat Energy Sets N1,370.89/$ Exchange Rate for 2025 Dividend Payment

Seplat Energy Plc has confirmed the exchange rate for the payment of its full-year 2025 final and special dividend to shareholders electing to receive their dividends in naira.

In a corporate disclosure released on Friday, the indigenous energy company stated that the applicable exchange rate for naira-denominated dividend payments is the Central Bank of Nigeria’s Nigerian Foreign Exchange Market rate of May 14, 2026.

According to the company, the approved conversion rate stands at N1,370.89 to one United States dollar.

The announcement applies to shareholders entitled to the company’s FY 2025 final and special dividend and who opted to receive payment in local currency rather than in dollars.

Seplat Energy noted that shareholders should refer to its February 26, 2026 regulatory announcement for details regarding the definition of default currency applicable to dividend payments.

The company’s dual-listed structure on both the Nigerian Exchange Limited and the London Stock Exchange allows shareholders to receive dividends in different currencies depending on their election and shareholding structure.

The latest exchange rate announcement comes amid continued volatility in Nigeria’s foreign exchange market and provides clarity for local investors ahead of the dividend payment process.

Analysts said the conversion rate will influence the final naira value received by domestic shareholders, particularly at a time when investors remain focused on dividend yields and currency-adjusted returns within the Nigerian equities market.