Fidelity bank banner Bayelsa State banner
SEC extends e-dividend registration deadline to March 31

By Chinyere Joel-Nwokeoma on 07/03/2018

Share on facebook Yahoo mail icon Gmail icon Share on Google+

Views: 437


The Securities and Exchange Commission (SEC) has extended its free e-dividend registration deadline to March 31, the News Agency of Nigeria (NAN) learnt on Wednesday.

A senior management staff in the commission, who pleaded anonymity made the disclosure in an interview with NAN in Lagos.

The official said that the deadline was extended in principle for the third time for the operators to clear their e-dividend backlogs.

NAN reports that e-dividend refers to online payment of dividends to investors rather than through post.

The advantage of e-dividend is that it allows all accrued dividends to be credited to an investor’s bank account directly.

The aim is to stem the rising problem of unclaimed dividends in the capital market.

The source said that the main reason for the extension was to clear the backlogs and to work out details of how the parties involved in the exercise would get their share.

The source said the parties involved in exercise were the registrars and the Nigeria Interbank Settlement System, adding the appointed banks were currently working out the sharing formula for the registration fee.

He said that the commission would not come publicly to announce another extension, noting that no investor would be charged for delay in the registration until April 1.

The source said that low investors’ response to the exercise contributed to the commission’s decision to give room for enrolment of more investors.

SEC in June, 2017 extended the underwriting cost of investors’ e-dividend registration to Dec. 31, 2017 against the earlier deadline of June 30, 2017.

It also on Jan. 18 extended the deadline to Feb. 28, 2018, to encourage more shareholders’ participation in the scheme. (NAN)

Source News Express

Posted 07/03/2018 7:26:37 PM

 

Share on facebook Yahoo mail icon Gmail icon Share on Google+


 

CLASSIFIED ADS

REVEALED: 3 natural ways to get stronger erections, last 25 minutes on bed, and increase manhood size without using drugs. Also, Natural Prostrate Enlargement Remedy.. Get In HERE...

 

You may also like...
Domestic airlines record 30,214 delayed flights in 2017...

Army, DSS invade Abia Commissioner’s home in search...

Daylight Murder at Kano Market, By Olusegun Adeniyi...

Children hardest hit by Boko Haram war in...

PERL, ANMFIN partner to drive financial inclusion, poverty...

Millionaire businessman strips naked during match

If Okonjo-Iweala said it, so it will be!...

Activists to Buhari: Take action on corruption cases...

Sweet vengeance: Arsenal bundle Liverpool out of FA...

Presidency keeps mum as rumour of First Lady’s...

UK condemns Nigerian executions, wants end to further...

Okowa Inspects Projects, vows to blacklist contractors that...

 

Latest News DSS nabs 2 suspected Islamic State commanders in Abuja 2018 Budget: SERAP recommends ICC prosecution of lawmakers over cutting of critical projects Windstorm, Fire Disaster: Buhari weeps in Bauchi nPDP members to attend APC Convention: Baraje 2018 budget: FG to borrow N1.6tn to fund deficit N282.7m UBA fraud: Absence of witness stalls oil marketer’s trial Pharmacists destroy N452m worth of drugs Projects' probe: ICPC makes U-turn, withdraws charge against NDDC boss NERC grants electricity generation, distribution licences to Ariaria Market Absence of judge stalls El-Zakzaky’s trial Over 337 schools to participate in Lagos coding competition Saraki assures Russian investors of conducive business environment

 

Most Read Nigerian female sex addict opens up, says ‘I like it with both men and women’ (352,309 views) NUDE PHOTO OF OMOTOLA JALADE-EKEINDE surfaces online (351,689 views) Shameless Genevieve Nnaji exposes breasts in public (280,253 views) Finally named: The full list of friends of Nigerian female sex addict who prowled Facebook (230,116 views) Igbo scholar disgraces Femi Fani-Kayode •Demolishes claims on Igbo/Yoruba history with facts and figures (209,092 views) OLUMBA OLUMBA OBU (the one who called himself God) IS DEAD (208,796 views) Breaking News: POPULAR REVEREND CONVERTS TO ISLAM in Kaduna (Nigeria) (181,838 views) OBJ’s son reported dead in Lagos plane crash •Names of more victims emerge (163,933 views) THE FINAL DISGRACE: Igbo scholar unleashes more facts about Igbo/Yoruba history, finishes off Femi Fani-Kayode with second article (153,952 views) My wasted years in Olumba Olumba Obu’s Evil Brotherhood (148,641 views) Lagos plane crash: Journalist releases victims’ names (143,858 views) Gunmen kill ASP, 2 other police officers in vain bid to kidnap Rivers PDP chieftain (135,691 views)

 

Categories Advertorials (3) African Press Organisation (81) Art & Literature (50) Business & Economy (3,260) Business Verdict (44) Columnists (868) Complaints & Requests (94) Enterprise & Opportunities (207) Entertainment (505) Features (607) Global Business Monitor (283) International (2,045) Interview (154) Live Commentary (28) Love Matters (124) News (36,375) Opinion (1,004) Pidgin (10) Politics (5,297) Religion (770) Sports (1,552) Stock Watch (30) AMA & Al Jazeera Global Update

 

CBN banner

Firstmobile banner

 

 

NEWS EXPRESS TV

Portugal v Spain 2018

 

APO Group Partner

 

 

CLASSIFIED ADS

GOCOP Accredited Member

GOCOP Accredited member

 

 

Africa Media Agency and Al Jazeera

Advertisement