• About Us
  • Privacy Policy
No Result
View All Result
Express Day
  • Home
  • NEWS
    • Politics
    • Health
    • Education
    • Crime
    • Judiciary
    • Environment
    • Science & Technology
  • BUSINESS
    • Finance
    • Insurance
    • Agriculture
    • Aviation
    • Energy
    • ICT
    • Maritime & Transport
  • INVESTIGATIONS
  • ENTERTAINMENT & ARTS
  • SPORTS
  • en English
    ar Arabiczh-CN Chinese (Simplified)nl Dutchen Englishfr Frenchde Germanha Hausaig Igboit Italianko Koreanla Latinpt Portugueseru Russianes Spanishsw Swahiliyo Yorubazu Zulu
Express Day
No Result
View All Result
Home BUSINESS

INITIATIVES TO DEEPEN CAPITAL MARKET ONGOING, SAYS SEC DG

ExpressDay by ExpressDay
December 1, 2019
in BUSINESS
0
SEC REMOVES DEADLINE FOR MULTIPLE ACCOUNTS REGULARISATION
0
SHARES
5
VIEWS
Share on FacebookShare on Twitter

The Acting Director General of the Securities and Exchange Commission (SEC), Ms. Mary Uduk has said that there are ongoing initiatives aimed at making the capital market deeper, vibrant and more effective.

Uduk who spoke journalists in Lagos, said the forbearance window for shareholders with multiple subscriptions is still open. She enjoined those who have not come forward for the regularization of shares purchased with multiple identities, to do so.

A statement by SEC’s Head, Corporate Communications, Mrs. Efe Ebelo on Sunday quoted Uduk as saying: “The Multiple Subscription Committee presented the status of its ongoing engagement with the Central Bank of Nigeria (CBN) and Committee of Heads of Banking Operation to display multiple accounts regularisation banners in the banking halls all over the country.

“The committee also reported that CMOs have commenced the filing of report on regularised accounts with the commission, on a quarterly basis. Given the relevance of this exercise and the need to create more awareness, the committee requested for an extension of the deadline of multiple accounts regularisation.”

She said the SEC has developed a two-pronged approach to addressing the intractable challenges associated with transmission of shares related to the estate of deceased investors.

“The first involves engagement with and enlightenment of the Probate Registry with a view to providing solutions to the cumbersome process of transmitting shares. Secondly, Rules are being developed around the time frame for transmission of shares and the fee structure” she stated.

Uduk said to boost the e-dividend mandate and Direct Cash Settlement initiatives, the SEC is engaging NIBSS (Nigeria Inter-Bank Settlement System) on behalf of the capital market community to facilitate identity validation and account validation in an effort to enhance market processes.

Like this:

Like Loading...

Related

Previous Post

CBN INJECTS $323.5M, CNY 17.9M INTO RETAIL SMIS

Next Post

4TH INDUSTRIAL REVOLUTION: DON’T BE LEFT BEHIND, ONU CHARGES AFRICA

ExpressDay

ExpressDay

Next Post
4TH INDUSTRIAL REVOLUTION: DON’T BE LEFT BEHIND, ONU CHARGES AFRICA

4TH INDUSTRIAL REVOLUTION: DON'T BE LEFT BEHIND, ONU CHARGES AFRICA

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Stay Connected test

  • Trending
  • Comments
  • Latest
Rector becomes Giwa of Auchi Sacred Kingdom

Rector becomes Giwa of Auchi Sacred Kingdom

January 7, 2023
Buhari demands justice for Omobolanle Raheem killed by police

Murder of Lagos Lawyer: We Also Demand Justice for Edo 5 — Barrister Asunogie

January 2, 2023
Group blasts Omo-Agege’s aide over lies against Ogboru’s alliance with Okowa

Oddiri’s campaign of calumny can’t change Deltans’ love for Ogboru – Okotie-Eboh

January 21, 2023
Second interpreter of “Papa Ajasco” role, Ogunrombi, dies

Second interpreter of “Papa Ajasco” role, Ogunrombi, dies

January 15, 2023
Auchi Poly: Echoes of a Transformational Administration

Auchi Poly: Echoes of a Transformational Administration

January 26, 2023
159 Nigerians renounce citizenship in 2022 – FG

159 Nigerians renounce citizenship in 2022 – FG

January 26, 2023
Auchi Poly: Echoes of a Transformational Administration

Auchi Poly: Echoes of a Transformational Administration

January 26, 2023
IGP Baba’s Welfare Drive And The Changing Face Of NPF

IGP Baba’s Welfare Drive And The Changing Face Of NPF

January 26, 2023

Recent News

Auchi Poly: Echoes of a Transformational Administration

Auchi Poly: Echoes of a Transformational Administration

January 26, 2023
159 Nigerians renounce citizenship in 2022 – FG

159 Nigerians renounce citizenship in 2022 – FG

January 26, 2023
Auchi Poly: Echoes of a Transformational Administration

Auchi Poly: Echoes of a Transformational Administration

January 26, 2023
IGP Baba’s Welfare Drive And The Changing Face Of NPF

IGP Baba’s Welfare Drive And The Changing Face Of NPF

January 26, 2023

Follow Us

Browse by Category

  • Agriculture
  • Aviation
  • BUSINESS
  • Crime
  • Economy
  • Education
  • Energy
  • ENTERTAINMENT & ARTS
  • Environment
  • Feature
  • Finance
  • FOREIGN
  • Health
  • ICT
  • Insurance
  • INTERVIEW
  • INVESTIGATIONS
  • Judiciary
  • Maritime & Transport
  • Metro
  • NEWS
  • Oil and Gas
  • OPINION
  • PHOTO NEWS
  • Politics
  • Science & Technology
  • Security
  • SPORTS
  • TOP STORIES
  • Tourism

Recent News

Auchi Poly: Echoes of a Transformational Administration

Auchi Poly: Echoes of a Transformational Administration

January 26, 2023
159 Nigerians renounce citizenship in 2022 – FG

159 Nigerians renounce citizenship in 2022 – FG

January 26, 2023
  • About Us
  • Privacy Policy

© 2022 Express Day

No Result
View All Result
  • Home
  • NEWS
  • BUSINESS
  • INVESTIGATIONS
  • ENTERTAINMENT & ARTS
  • SPORTS

© 2022 Express Day

%d bloggers like this: