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SEC extends free e-Dividend registration by 150 days

The Securities and Exchange Commission is extending the deadline for free e-Dividend registration in the country by 150 days

Mr Naif Abdulsallam, the Director of Corporate Communications of SEC, disclosed this to the News Agency of Nigeria (NAN) in Abuja on Thursday.

He said that SEC would bear the cost of registration on behalf of any investor who registered within the 150 days grace period.

Abdulsallam said that at the expiration of the grace period, subsequent registration of an investor would attract a fee of N100.

He urged investors to take advantage of the grace period being provided by SEC to register so as to enjoy the benefits on the registration.

NAN recalls that the platform is part of efforts by the SEC to eradicate the difficulties encountered by investors in claiming their dividends through their savings accounts.

NAN also reports that the initiative is undertaken by SEC in collaboration with the Central Bank of Nigeria (CBN) and the Nigeria Inter-Bank Settlement System (NIBSS).

SEC has embarked on massive campaigns to sensitise investors on the need for e-dividend registration in Nigeria. (NAN)

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