ADVERTISEMENT
  • The Membership Club
  • PT Hausa
  • About Us
  • Advert Rates
  • Careers
  • Contact Us
Friday, February 26, 2021
Premium Times Nigeria
  • Home
  • COVID-19
  • News
    • Headline Stories
    • Top News
    • More News
    • Foreign
  • Investigations
  • Business
    • News Reports
    • Financial Inclusion
    • Analysis and Data
    • Business Specials
    • Opinion
    • Oil/Gas Reports
      • FAAC Reports
      • Revenue
  • Opinion
  • Health
    • News Reports
    • Investigations
    • Data and Infographics
    • Health Specials
    • Features
    • Events
    • Primary Health Tracker
  • Agriculture
    • News Report
    • Research & Innovation
    • Data & Infographics
    • Special Reports/Features
    • Investigations
    • Interviews
    • Markets
  • Arts/Life
    • Arts/Books
    • Kannywood
    • Lifestyle
    • Music
    • Nollywood
    • Travel
  • Sports
    • Football
    • More Sports News
    • Sports Features
  • Projects
    • Parliament Watch
    • Panama Papers
    • Paradise Papers
    • AGAHRIN
  • Home
  • COVID-19
  • News
    • Headline Stories
    • Top News
    • More News
    • Foreign
  • Investigations
  • Business
    • News Reports
    • Financial Inclusion
    • Analysis and Data
    • Business Specials
    • Opinion
    • Oil/Gas Reports
      • FAAC Reports
      • Revenue
  • Opinion
  • Health
    • News Reports
    • Investigations
    • Data and Infographics
    • Health Specials
    • Features
    • Events
    • Primary Health Tracker
  • Agriculture
    • News Report
    • Research & Innovation
    • Data & Infographics
    • Special Reports/Features
    • Investigations
    • Interviews
    • Markets
  • Arts/Life
    • Arts/Books
    • Kannywood
    • Lifestyle
    • Music
    • Nollywood
    • Travel
  • Sports
    • Football
    • More Sports News
    • Sports Features
  • Projects
    • Parliament Watch
    • Panama Papers
    • Paradise Papers
    • AGAHRIN
Premium Times Nigeria
BUA Group Ad BUA Group Ad BUA Group Ad
ADVERTISEMENT
Security Exchange Commission [Photo: NgEX.com]

Security Exchange Commission [Photo: NgEX.com]

SEC urges investors to regularise shareholding accounts before December 31

byAgency Report
March 22, 2019
2 min read
ADVERTISEMENT

The Security Exchange Commission (SEC), on Friday enjoined investors in the capital market to regularise their shareholding accounts before the December 31 deadline.

Mary Uduk, the Ag. Director General of the Commission, gave the advice at the 1st Quarter Post Capital Market Committee (CMC) media briefing in Lagos.

She said the committee had made progress in resolving issues relating to share regularisation and multiple accounts, saying this was facilitated through engagement with the Central Bank of Nigeria (CBN).

On the issue of implementation of complaint management framework, Mrs Uduk said the Commission had completed work on the framework and waiting for the shareholders to review it and send back to the Commission.

“Engagement between the Commission and CBN on margin lending has since started. However, deliberations are still ongoing on the inclusion of bank shares in the margin list.

“The market-wide committee on identity management and account validation for transactions in the capital market is enjoined to fast track its activities.

“In furtherance of this initiative, the Commission is to engage the CBN to facilitate the validation process through the Nigeria Inter Bank Settlement System (NIBSS).

“The focus is to ensure that every investor duly regularises the share account because while E-dividend system is growing and reduces the rate of unclaimed dividend, the issue of multiple accounts is a challenge,” Mrs Uduk said.

She said for the regularisation, some investors in the Diaspora had been able to consolidate their investments and urged the local investors to do same.

RelatedNews

Nigeria records 634 new COVID-19 cases, six deaths

JUST IN: Kwara govt. approves use of hijab in public schools

SPECIAL REPORT: How bandits terrorised Kagara for years before students abduction

Before losing South African citizenship, Nigerian professor suspended for misconduct, school says

Mrs Uduk added that SEC was planning activities to sensitise the Nigeria Governors’ Forum on commodity exchange and had also started engagement with the CBN to address the issue of ‘Margin Loan.’

According to her, the Commission will direct public companies to address shareholders on the use of annual report and the E-dividend system.

Also speaking, Isyaku Tilde, Ag. Executive Commissioner (Operations), SEC, emphasised that multiple shares account needed to be regularised to enable payment of the accrued dividends.

Dangote adbanner 728x90_2 (1)

Mr Tilde said all accrued unclaimed dividends got automatic payment once regularised and urged investors to visit their banks and submit their forms.

He noted that one of the mandates of the Commission was to protect investors.

“Presently, if unclaimed dividend stays with the Registrar for 15 months and above, it will be returned to the company.

“The CMC is advocating the extension of the exercise to shares of unlisted public companies. This would enhance liquidity and ease market processes,” he said.

(NAN)

  • WhatsApp
  • Tweet
  • Email
  • Print
  • Telegram
  • More
  • Share on Tumblr
  • Pocket

Support PREMIUM TIMES' journalism of integrity and credibility

Good journalism costs a lot of money. Yet only good journalism can ensure the possibility of a good society, an accountable democracy, and a transparent government.

For continued free access to the best investigative journalism in the country we ask you to consider making a modest support to this noble endeavour.

By contributing to PREMIUM TIMES, you are helping to sustain a journalism of relevance and ensuring it remains free and available to all.

Donate


TEXT AD: To advertise here . Call Willie +2347088095401...


JOIN THE CONVERSATION

  • Disqus (0)
premiumtimes



PT Mag Campaign AD

Previous Post

Atiku day-dreaming over claims he won in Kaduna – El-Rufai

Next Post

Osun govt reacts to Adeleke’s victory at election tribunal

Agency Report

Agency Report

More News

Nigeria Stock Exchange

Nigerian stocks end two-day rally with N66bn loss

February 25, 2021
A Bureau De Change, BDCs, operator

Naira strengthens on I&E window

February 25, 2021
Minister of Finance, Zainab Ahmed 1

Unifying Naira’s exchange rate will take time, Nigerian Govt tells World Bank

February 25, 2021
Oando-PLC [Photo Credit: www.oandoplc.com]

SEC speaks on court order nullifying Oando’s AGM ban

February 25, 2021
AMCON

AMCON seizes assets belonging to directors over N1.6bn debt

February 25, 2021
Naira and Dollars

Naira weakens against dollar on I&E window

February 24, 2021
Next Post
Ademola Adeleke (PDP) and Gboyega Oyetola (APC), candidates who vied for the governor seat in Osun State.

Osun govt reacts to Adeleke's victory at election tribunal

Delta State governor, Ifeanyi Okowa. [Photo credit: Thisday Live]

Delta govt sets up 17-member Task Force to check human trafficking

Discussion about this post

Search

#EndSARS: Latest Updates




Polaris Bank


JAIZ Ad


NITDA Ad





Glo Ad

Subscribe to News via Email

Enter your email address and receive notifications of news by email.

Join 1,624,822 other subscribers.

Advertisement






netherland biz school Advert

Zenith Advert
ADVERTISEMENT

Our Digital Network

  • PT Hausa
  • Election Centre
  • Human Trafficking Investigation
  • Centre for Investigative Journalism
  • National Conference
  • Press Attack Tracker
  • PT Academy
  • Dubawa
  • LeaksNG
  • Campus Reporter

Resources

  • Oil & Gas Facts
  • List of Universities in Nigeria
  • LIST: Federal Unity Colleges in Nigeria
  • NYSC Orientation Camps in Nigeria
  • Nigeria’s Federal/States’ Budgets since 2005
  • Malabu Scandal Thread
  • World Cup 2018
  • Panama Papers Game
  • Our Digital Network
  • About Us
  • Resources
  • Projects
  • Data & Infographics
  • DONATE

All content is Copyrighted © 2020 The Premium Times, Nigeria

No Result
View All Result
  • Home
  • COVID-19
  • News
    • Headline Stories
    • Top News
    • More News
    • Foreign
  • Investigations
  • Business
    • News Reports
    • Financial Inclusion
    • Analysis and Data
    • Business Specials
    • Opinion
    • Oil/Gas Reports
      • FAAC Reports
      • Revenue
  • Health
    • News Reports
    • Investigations
    • Data and Infographics
    • Health Specials
    • Features
    • Events
    • Primary Health Tracker
  • Agriculture
    • News Report
    • Research & Innovation
    • Data & Infographics
    • Special Reports/Features
    • Investigations
    • Interviews
    • Markets
  • Arts/Life
    • Arts/Books
    • Kannywood
    • Lifestyle
    • Music
    • Nollywood
    • Travel
  • Sports
    • Football
    • More Sports News
    • Sports Features
  • Projects
    • Panama Papers
    • Paradise Papers
    • Parliament Watch
    • AGAHRIN
  • Opinion
  • PT Hausa
  • The Membership Club
  • Dubawa
    • Dubawa NG
  • About Us
  • Advert Rates
  • Careers
  • Contact Us
  • Digital Store
  • DONATE

All content is Copyrighted © 2020 The Premium Times, Nigeria

Our website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.
loading Cancel
Post was not sent - check your email addresses!
Email check failed, please try again
Sorry, your blog cannot share posts by email.