Seplat pegs exchange rate for its interim dividend payment at N411.14/$

Seplat Energy Plc, a leading dual listed energy company in Nigeria, has announced that an exchange rate of N411.14/$ will be applicable in the determination of its proposed Q2, 2021 interim dividend of 2.5 cents

According to a disclosure signed by the Chief Financial Officer of the company, Emeka Onwuka and published on the website of the Nigerian Exchange Group Plc (NGX Plc), the rates will be applicable to any shareholder that qualifies for and has elected to receive the dividend payment in Naira of GBP.

The exchange rate for the Naira or Pound Sterling amounts payable was determined by reference to the exchange rates applicable to the US dollar available on 11th August 2021.

Exchange rate

  • 1 USD=411.14 Naira
  • 1 USD=0.7224 GBP

It is important to note that the recent dollar exchange rate announced by the firm for Q2 2021 interim dividend payment, is slightly higher than the Q1 2021 rates by 0.21%, translating to a nominal increase of about 85 kobo.

For more information about the disclosure, click HERE


Leave a Reply

Your email address will not be published. Required fields are marked *