Seplat Energy Plc has set the exchange rate for converting its third-quarter 2026 dividends into naira at N1,358.34 per dollar.

The company said the rate applies to shareholders who chose to receive their dividends in naira and those whose default payment currency is the local currency.

In a regulatory disclosure issued on Thursday, Seplat’s Chief Financial Officer, Eleanor Adaralegbe, said the rate was based on the Nigerian Foreign Exchange Market rate published by the Central Bank of Nigeria on November 11, 2026.

The exchange rate announcement follows the company’s declaration of an interim and special dividend for the third quarter, supported by improved financial and operational performance in the nine months ended September 30, 2026.

Seplat attributed its performance to increased oil and gas production from its onshore and offshore assets, revenue growth and higher free cash flow.

The company said November 12, 2026, was the qualification and record date for the dividend, while electronic payments are expected to begin on or around November 27.

Shareholders seeking clarification on their default dividend currency were advised to check the company’s earlier regulatory announcement published on October 29.

Seplat Energy is listed on the Nigerian Exchange Limited and the London Stock Exchange. Its operations include onshore and shallow-water oil and gas assets in the Niger Delta, three gas processing plants and interests in three export terminals.