Seplat Energy Plc has confirmed that $/1,609.6357 naira is the exchange rate applicable in determining both the final and special dividend for 2024 to shareholders that will receive the dividend payment in Naira.
The exchange rate for the Naira amounts payable is the CBN NFEM rate for May 8, 2025, Seplat said in its May 9 notice at the Nigerian Exchange Limited (NGX) signed by Eleanor Adaralegbe, Chief Financial Officer, Seplat Energy Plc. At N5,700 per share which the company traded on Friday May nears its 52-week high of N5,738.2 as against a 52-week low or N2,962.2.
The leading Nigerian independent energy company listed on both the Nigerian Exchange Limited and London Stock Exchange (LSE) had on March 4 announced a final dividend at a rate of US3.6 cents and a special dividend of US3.3 cents per ordinary share (subject to appropriate WHT) to be paid to Seplat Energy’s shareholders whose names appear in the Register of Members as at the close of business on May 9, 2025.