The capital market has continued to record high incidence of unclaimed dividends due to the provision of inadequate proof of ownership of shares by investors, the acting Director General of the Securities and Exchange Commission , Mary Uduk, has said.
She said the capital market has opened a forbearance window to allow investors with multiple subscriptions/applications to public offers to regularise them under a single account name. “Non-receipt of dividends discourages investors in stock market and encourages them to search for alternative investment outlets such as the real sector and money market. Consequently, Public Companies are denied the opportunity of cheaper source of finance,” she said.Ms Uduk disclosed that e-Dividend is a secure on-line means of paying dividends directly to the shareholder’s account instead of printing and mailing dividend warrants, as was the case before now.
In his remarks, the chairman of Ibadan Zone of Shareholders’ Association, Eric Akinduro, urged the SEC to intensify efforts at enticing investors to embrace the e-dividends registration.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Malaysia Malaysia Latest News, Malaysia Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Minister Calls for Govt, Capital Market Operators Collaboration - THISDAYLIVEGoddy Egene The Minister of Industry, Trade and Investment, Dr Okechukwu Enelamah, has called for closer collaboration between the government and capital market operators, so as to boost economic growth and transformation. Enelamah, made the call at the Nigerian Stock Exchange (NSE) in Lagos, during a visit by members of Presidential Enabling Business Environment Council …
Source: THISDAY LIVE - 🏆 14. / 51 Read more »
Profit taking: NSE market capitalisation loses N68bn - Vanguard NewsThe market capitalisation of the Nigerian Stock Exchange (NSE) on Friday shed N68 billion as a result of profit taking embarked by investors.
Source: vanguardngrnews - 🏆 5. / 75 Read more »
CBN to sustain liquidity mop up as N172bn hits interbank market - Vanguard NewsTHE Central Bank of Nigeria, CBN, is expected to sustain its liquidity mop up activities this week in response to inflow of N172 billion into th
Source: vanguardngrnews - 🏆 5. / 75 Read more »
All-Share Index Sheds 1.2% as Equities Market Remains Bearish - THISDAYLIVEGoddy Egene Bearish sentiments persisted at the Nigerian equities market last week as domestic investors focused on receiving the dividends paid by banks for the 2018 financial year. Also, the mixed first quarter results announced by companies contributed to the weak demand by investors. While stocks remained attractive due to low valuations resulting from extended bearish …
Source: THISDAY LIVE - 🏆 14. / 51 Read more »
Poisonous ‘ponmo’ now in market, Lagos Govt warns consumersChaiiii Well, out of all the countless things we can make from cow skin but all we do is eat ponmo🤦🏾♂️
Source: MobilePunch - 🏆 8. / 63 Read more »
Iran will not let any country replace its oil in the market — Ministry -Iran will not allow any country replace its oil sales in the global market, the Foreign Ministry on Thursday said, after the U.S. told importers to halt Iranian purchases from May. Is it really in their 'hands' ? O boy, is that a threat?
Source: PremiumTimesng - 🏆 3. / 78 Read more »
Iran will not let any country replace its oil in the market — ministry – Daily TrustIran will not allow any country replace its oil sales in the global market, the Foreign Ministry on Thursday said, after the U.S. told importers to halt Iranian purchases from May. Washington has decided not to renew its exemptions from U.S. sanctions against Iran that it granted in 2018 to buyers of Iranian oil.ADVERTISEMENT A …
Source: Daily Trust - 🏆 13. / 51 Read more »
CBN injects $210 million in Inter-Bank Forex Market - Premium Times NigeriaThe Central Bank of Nigeria (CBN) on Wednesday gave $210million to the inter-bank foreign exchange market.................
Source: PremiumTimesng - 🏆 3. / 78 Read more »