Securities and Exchange Commission
The recurring issue of unclaimed dividends
Once again, the issue of unclaimed dividends has arisen. This time, the Government wants to create a “Trust Fund” to take over the huge unclaimed dividends sitting with Nigerian Company Registrars
SEC moves to introduce fintech in capital market
Director-General of the Securities and Exchange Commission (SEC), Lamido Yuguda, has hinted that the capital market will soon be strengthened with finance technology Yuguda spoke yesterday when he appeared before the Senate Committee on Capital Market to defend the commission’s 2021 budget proposal. Fintech relates to any business that uses technology to enhance or automate…
Investors blame government for slow capital market development
• Seek investment in critical infrastructure, institutions Capital market investors have blamed the government for the slow pace of the development of the nation's capital market. The experts, who spoke in separate interviews, said the government has not invested in developmental projects, critical infrastructure, and institutions responsible for developing the market. The President, Standard Shareholders…
Academia seeks capital market collaboration to stimulate economic growth
The Academia has called for active collaboration with capital market practitioners to stimulate in-depth discussions on issues that would spur market development. According to the President, Capital Market Academics of Nigeria, Prof. Uche Uwaleke, this would be a game-changer in efforts to develop the local bourse. Speaking at a symposium themed, “Role of the Academia…
Four professional bodies to float securities institute
The Chartered Institute of Stockbrokers (CIS), in collaboration with three other professional bodies, has signed a Memorandum of Understanding (MoU) to establish the CISIM
Insurers raise investors’ hope with rights issue scorecards
Determined to increase shareholders’ confidence in the insurance sector, and hope of better return on investments, the nation’s insurers are making inroads in securing various regulatory approvals.
Investment One’s dollar fund offers investor comfort amid FX uncertainty
As a petrodollar economy, Nigeria is susceptible to weakness in global oil prices which has continually impacted the country’s exchange rate and brings to the table conversations
Checking rising incidence of unclaimed dividend in capital market
Dividends are the distributable earnings of a company, which are determined by its board of directors. However, when declared, it becomes a liability on the company, CAMA (1990).
Lawmakers partner SEC to tackle issues impeding market growth
The House of Representatives Committee on Capital Markets and Other Institutions, has expressed commitment to work closely with the Securities and Exchange Commission...