Airtel Africa Plc has announced the currency arrangements for its final dividend payment for the financial year.
The Board has recommended a final dividend of 3.9 cents per ordinary share, payable on 25 July 2025, to shareholders whose names appear on the register as at the close of business on 20 June 2025.
According to the company’s notice to the Nigerian Exchange Limited seen by THE WHISTLER, as part of the dividend distribution process, the company has fixed the exchange rates that will be used to convert the dividend from U.S. dollars into Nigerian naira and British pounds for shareholders who elect to receive their payment in local currency.
The conversion rate for the Nigerian naira has been set at ₦1,589 per U.S. dollar, while the exchange rate for British pounds has been fixed at £0.7426 per U.S. dollar. These rates were based on the prevailing market exchange rates as of 30 May 2025.
For Nigerian shareholders, the dividend will be paid either in Nigerian naira or U.S. dollars, depending on their preferred currency election.
To receive the dividend in U.S. dollars, shareholders must complete a Currency Election Form and submit it to Coronation Registrars Limited, either through the company registrar’s website.
The deadline for submitting the currency election form is 7 July 2025. Shareholders who do not submit a currency preference by this date will automatically receive their dividend in Nigerian naira. The qualification date for dividend entitlement on the Nigerian Exchange Limited (NGX) is 17 June 2025.
For shareholders listed on the London Stock Exchange (LSE), Airtel Africa has provided the option to receive the dividend in either British pounds or U.S. dollars. CREST participants may also elect to receive their dividends through the CREST system.
This dividend payment is part of Airtel Africa’s broader commitment to shareholder returns, providing flexibility to investors in both of its primary listing markets.
The company’s approach reflects an understanding of the economic environments in its operational regions, particularly Nigeria, where currency fluctuations and access to foreign exchange remain significant considerations for investors.
Airtel Africa’s announcement comes amid heightened attention to foreign exchange policies and capital repatriation challenges across Africa’s largest economies.
By offering a clear dividend structure with fixed exchange rates and multiple currency options, the company continues to strengthen investor confidence while supporting transparent and efficient capital distribution across its shareholder base.
