MTN still in the process of becoming public liability company – SEC - Vanguard News

Unclaimed dividend in the market is being tackled in minimum of two solid approaches. One of them is e-dividend. For every account that is mandated, all accrued dividends is automatically paid. Then there is the use of regularization of multiple accounts. We discovered that while dividend is growing so is unclaimed dividends. Those people that have multiple accounts can only lay claim to dividends in one account, all the others will keep warehousing dividends as long as they are not regularized.

However, I do know that MTN had issues with the Nigerian government and they have been trying to sort it out. I think they have sorted out one aspect of that. I don’t think the other part has been sorted out and because they have committed to coming to the market, they have decided to come through Listing by Introduction.

Even in the market, the Nigerian Stock Exchange is doing a lot in the area as well as the FMDQ OTC Securities Exchange. FMDQ has taken some people to India for capacity building. All stakeholders including, the Central Bank of Nigeria have been joining hands together to ensure that we get it right.In the last CMC, we talked about it and inaugurated a committee in respect of FinTech.

There is also on-going collaboration led by the CBN. There is an inter-agency committee on virtual currencies which the SEC is working on with other market operators. In no distant time, the SEC will come up with regulations on crypto currencies. We are embarking on investor education so that investors understand what it’s all about.

vanguardngr How many years would it take to list a parasiting company in Nigeria

Belgique Dernières Nouvelles, Belgique Actualités

Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.

Firm asks SEC to stop MTN from listing shares on stock market | The Guardian Nigeria News - Nigeria and World NewsThe law firm of Charles Mekwunye and Co has asked the Securities and Exchange Commission (SEC) to immediately stop telecoms firm, MTN from listing it shares on the Nigerian stock market.
La source: GuardianNigeria - 🏆 1. / 94 Lire la suite »

Capital Market: MTN listing, NNPC privatisation will spur more participation of investors – Usman - Vanguard NewsTHE proposed listing of MTN, privatisation of Nigeria National Petroleum Corporation, NNPC and the remaining power sector privatisation will attract more participation of investors in the capital market and thus enhance financial inclusion in the country, former Minister of National Planning, Dr. Shamshudeen Usman has said.
La source: vanguardngrnews - 🏆 5. / 75 Lire la suite »

Alleged fraud : Etiebet wants Access, Diamond Bank merger nullified – Daily TrustChief Don Etiebet, a former minister of Petroleum, wants the highly publicised landmark merger between Access Bank and Diamond Bank nullified. In the petition to the Securities and Exchange Commission (SEC), Etiebet drew the attention of SEC to the fact that Access Bank and its Managing Director Herbert Wigwe and other executive directors are currently …
La source: Daily Trust - 🏆 13. / 51 Lire la suite »