Airtel Africa Plc has mounted an change 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 cost in Naira.
The rate was disclosed in a discover filed with the Nigerian Exchange (NGX) on Thursday, November 5, 2026, and signed by the Group Company Secretary, Simon O’Hara, outlining the forex choices obtainable to shareholders on the NGX and London Stock Exchange (LSE).
The firm mentioned the dividend can 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 mentioned the Naira and Pound Sterling conversion charges have been decided utilizing Dollar change charges obtainable on October 30, 2026.
- The permitted 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 could on the earlier yr’s rate.
Airtel Africa elevated its interim dividend by 9.2% to three.1 US Cents per atypical share.
The firm reported half-year revenue of $452 million, representing a 20.5% enhance, whereas primary earnings per share rose to 10.2 US cents from 8.3 US Cents.
Nairametrics beforehand reported that Airtel Africa and Seplat Energy have been among the many NGX-listed firms paying dividends in US Dollars.
The change rate chosen for dividend conversion is subsequently an vital think about figuring out the naira quantity acquired by Nigerian shareholders.
For comparability, Airtel Africa adopted N858.24 per greenback for its 2023 interim dividend, considerably beneath the conversion rate introduced for 2026.
Airtel Africa pronounces dividend deadlines:
Airtel Africa has supplied separate currency-election preparations for shareholders on the Nigerian and London Stock Exchanges.
- For NGX shareholders, the default cost forex 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 might elect to obtain cost in Naira or US Dollars, with Dollar elections requiring a Currency Election Form.
- Completed varieties for Nigerian shareholders needs to be submitted or mailed to Coronation Registrars Limited.
LSE shareholders might elect to obtain Pounds Sterling or US Dollars by means of Computershare Investor Services Plc, whereas CREST members can submit elections by means of 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 cost in US Dollars.
- The N41.77 per-share quantity represents the conversion of the declared Dollar dividend on the permitted change rate.
The precise quantity acquired by every shareholder will depend upon the variety of qualifying shares held and the forex chosen.
Airtel shares acquire 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 acquire of roughly 178%.
- The firm ranked ninth on the NGX by year-to-date share-price efficiency, in response to the equipped market information.
- 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 gives an extra return alongside the inventory’s capital appreciation.
Investors searching for cost in US Dollars quite than Naira should submit their forex elections earlier than November 23, forward of the scheduled December 11 dividend cost.
