Seplat Announces Dollar Exchange Rate for Interim Dividend Naira Payments

Seplat Plc, Nigeria's largest listed independent energy company, has announced the exchange rate for shareholders who opt to receive their 2025 interim dividend in naira. The company revealed that the dividend will be paid at an exchange rate of N413.70 per US dollar, in line with the Central Bank of Nigeria's rate on August 12.

Shareholders who choose the naira payment option will have their dividends converted from the US dollar payout using the specified rate. Seplat's interim dividend was declared earlier at $0.05 per share.

The company's unaudited results for the period ending June 30 showed improved revenue of N1.6 trillion, gross profit of N68 billion, and operating profit of N36 billion. CEO Roger Brown attributed the strong performance to offshore production volume growth of 11%.

Seplat's announcement follows the release of its financial results and aligns with its policy of offering shareholders a choice of payout currency. The company's performance has also led to.