08

May

Shareholders Association calls for the urgent attention of SEC on the increasing N190 billion unclaimed dividend

Shareholders under the aegis of the New Dimension Shareholders Association of Nigeria have called on the new Acting Director-General of the Securities and Exchange Commission (SEC), Dr. Emomotimi Agama, to find a lasting solution to the rising wave of unclaimed dividends in the country. President of the New Dimension Shareholders Association, Mr. Patrick Ajudua, speaking to Nairametrics […]

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12

Jan

Mutual Funds: SEC commences enforcement of independent custody.

The Securities and Exchange Commission (SEC) has commenced full enforcement of a regulatory framework that mandates mutual funds’ managers to hold clients’ investment assets under independent custody. According to Lamido Yuguda, Director General, Securities and Exchange Commission (SEC), the full enforcement of the custody requirement on all mutual funds was part of efforts to enhance investors’ protection and boost[…]

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