Airtel Africa Plc has fastened an trade rate of N1,347.44 per Dollar for its 3.1 US Cents-per-share interim dividend, translating to roughly N41.77 per share for Nigerian Exchange (NGX) shareholders who obtain fee in Naira.
The rate was disclosed in a notice filed with the Nigerian Exchange (NGX) on Thursday, November 5, 2026, and signed by the Group Company Secretary, Simon O’Hara, outlining the foreign money choices accessible to shareholders on the NGX and London Stock Exchange (LSE).
The firm stated the dividend could be paid on December 11, 2026, to shareholders on its register on the shut of enterprise on November 13, 2026.
Airtel Africa units dividend conversion charges:
Airtel Africa stated the Naira and Pound Sterling conversion charges have been decided utilizing Dollar trade charges accessible on October 30, 2026.
- The authorised rate of N1,347.44 per Dollar interprets the three.1 US Cents dividend into roughly N41.77 per share, whereas the Sterling rate of $1 to £0.7464 implies roughly 2.31 Pence per share.
- The naira conversion rate is roughly 7.5% decrease than the N1,456.00 per Dollar adopted for the equal interim dividend in 2025.
- The decrease conversion rate means every Dollar of dividend declared interprets into fewer naira than it might on the earlier yr’s rate.
Airtel Africa elevated its interim dividend by 9.2% to three.1 US Cents per peculiar share.
The firm reported half-year revenue of $452 million, representing a 20.5% enhance, whereas fundamental earnings per share rose to 10.2 US cents from 8.3 US Cents.
Nairametrics previously reported that Airtel Africa and Seplat Energy have been among the many NGX-listed corporations paying dividends in US Dollars.
The trade rate chosen for dividend conversion is due to this fact an essential consider figuring out the naira quantity acquired by Nigerian shareholders.
For comparability, Airtel Africa adopted N858.24 per dollar for its 2023 interim dividend, considerably under the conversion rate introduced for 2026.
Airtel Africa declares dividend deadlines:
Airtel Africa has offered separate currency-election preparations for shareholders on the Nigerian and London Stock Exchanges.
- For NGX shareholders, the default fee foreign money is Naira, whereas LSE shareholders who don’t make an election will obtain their dividends in US Dollars.
- The final day to commerce to qualify for the dividend is November 12, 2026, for NGX shareholders and November 11, 2026, for LSE shareholders.
- NGX shareholders could elect to obtain fee in Naira or US Dollars, with Dollar elections requiring a Currency Election Form.
- Completed kinds for Nigerian shareholders needs to be submitted or mailed to Coronation Registrars Limited.
LSE shareholders could elect to obtain Pounds Sterling or US Dollars via Computershare Investor Services Plc, whereas CREST members can submit elections via CREST.
The currency-election deadline is November 23, 2026, for shareholders on each exchanges.
- NGX shareholders who don’t submit an election by the deadline will obtain their dividends in Naira, whereas LSE shareholders will obtain fee in US Dollars.
- The N41.77 per-share quantity represents the conversion of the declared Dollar dividend on the authorised trade rate.
The precise quantity acquired by every shareholder will depend upon the variety of qualifying shares held and the foreign money chosen.
Airtel shares achieve 178%:
Listed on each the Nigerian Exchange and the London Stock Exchange, the corporate has recorded substantial share-price appreciation on the NGX in 2026, alongside the rise in its interim dividend and half-year earnings.
- Airtel Africa closed buying and selling on Thursday, November 5, 2026, at N6,300 per share on the NGX.
- The inventory started the yr at N2,270 per share, representing a year-to-date achieve of roughly 178%.
- The firm ranked ninth on the NGX by year-to-date share-price efficiency, in line with the equipped market knowledge.
- Between August 7 and November 5, 2026, roughly 1.58 million Airtel Africa shares have been traded in 10,340 offers, valued at about N9.46 billion.
For shareholders, the interim dividend offers an extra return alongside the inventory’s capital appreciation.
Investors in search of fee in US Dollars quite than Naira should submit their foreign money elections earlier than November 23, forward of the scheduled December 11 dividend fee.
