Tag: Dividends
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SEC orders firms to release old dividends
The Securities and Exchange Commission (SEC) has ordered all public companies and Registrars to stop treating dividends older than 12 years as “statute-barred”.
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Democracy and Dividends of Diversity – By Dakuku Peterside
Multiculturalism in England, Ireland and Scotland has produced new leaders of Asian origins. This ideal is celebrated worldwide as progress and a symbol of a more fantastic future where the emphasis will be placed more on unity in diversity than discrimination of the old era. The power of this new development is not lost on…
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Failed banks: NDIC publishes final dividend declaration call to depositors, creditors
The Nigeria Deposit Insurance Corporation (NDIC), has published a final dividend declaration notice to depositors of 20 failed banks. The NDIC also published a final dividend declaration notice to creditors of five banks in-liquidation.
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Unclaimed dividends hit N180bn as SEC strives to achieve zero%
Alhaji Lamido Yuguda, the Director-General, Security and Exchange Commission (SEC), says the commission is working to ensure it reduces the level of unclaimed dividends to zero per cent. In an interactive session with editors on Tuesday in Lagos, Yuguda said that unclaimed dividends rose to N180 billion as at Dec. 31, 2021.
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SEC laments high level of unclaimed dividends
The Securities and Exchange Commission (SEC) has lamented the high number of unclaimed dividends in the capital market.
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Nigeria’s unclaimed dividends hit N158.44bn in 2019
The total unclaimed dividend figure in the Nigerian capital market stood at N158.44 billion as of December 2019, the News Agency of Nigeria (NAN) reports. Data obtained exclusively by NAN from the Securities and Exchange Commission (SEC) show that the figure is still on the increase in spite of e-dividend registration introduced by SEC in…
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Fidelity Bank proposes payment of N3.2bn dividend to shareholders
Fidelity Bank Plc is proposing a N3.2 billion dividend payout to shareholders. The payout followed the bank’s strong financial result for the year-ended December 31, 2018. The bank posted a 4.8 per cent growth in Gross Earnings from N180.2 billion to N188.9 billion while Profit Before Tax soared by 30.6 per cent to N25.1 billion,…
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SEC extends deadline for issuance of dividend warrants to Dec. 31
The Securities and Exchange Commission (SEC) has extended the deadline for stoppage of issuance of physical dividend warrants in the nation’s capital market to Dec. 31, 2017. Mr Naif Abdussalam, SEC Head, Corporate Communications disclosed this in an interview with the News Agency of Nigeria (NAN) on Wednesday in Lagos. Abdussalam said that the deadline…