Finance Minister, Shareholders Disagree Over N150bn Unclaimed Dividends
The Minister of Finance, Budget and National Planning, Mrs Zainab Ahmed, yesterday, disagreed with the Independent Shareholders Association of Nigeria over plans by the Federal Government to take over unclaimed dividends worth over N150billion in the country.
While...
Fed Govt Seeks To Manage N150bn Unclaimed Dividends
The federal government is proposing to take over the management of over N150 billion unclaimed dividends and unutilised bank balances.
The proposal is contained in the 2020 Finance Bill, currently being considered by the National Assembly.
Speaking at a...
House Decries N200bn Unclaimed Dividends
The House of Representatives has expressed concerns over a projection that unclaimed dividends will hit N200bn or more by the end of 2020.
According to the House, this is not a good picture of the state of the capital market and...
States Borrow N900bn From Capital Market
The Securities and Exchange Commission (SEC), has disclosed that state governments in Nigeria have borrowed not less than N900 billion from the capital market since 1978.
The Director General, SEC, Mr Lamido Yuguda, disclosure this at a webinar organised by...
SEC says N29bn Claimed Via Accounts Harmonization
The Securities and Exchange Commission has stated that about N29bn of unclaimed dividends have been claimed by investors through the introduction of harmonization of multiple accounts.
The SEC introduced the regularisation of multiple accounts in 2015 where it requests...
SEC Extends Deadline To File Quarterly Financials
The Securities and Exchange Commission has extended the deadline for market operators to file quarterly financial statements for the period ended September 30, 2020 to 30-day grace period.
The extension became necessary following the disruption of business operations across...
