It also said the next level of engagements was to work with supra-national entities (such as IFC, AfDB), state governments, institutions, such as Federal Mortgage Bank to include Sukuk options in their capital investment plans.
The Ag. Director-General, Securities and Exchange Commission (SEC), Mary Uduk, while revealing this, yesterday, at the end of the Capital Committee meeting held in Abuja, noted that the Technical Committee on E-dividend registration also reported that the total approved mandates currently is about 2.5m translating into 466,000 unique investor accounts.
She said: “The deadline for the free E-dividend registration was March 31, 2018 and that has not changed. The new direction of the industry is that bank managers along with registrars will charge a token sum of N150 per mandate.”
According to her, capital markets are moving towards Electronic IPOs (e-IPO) globally and the Nigerian Capital Market is working to adopt this trend.
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