Capital Market

SEC Proposes Return of Unclaimed Dividends within One Year in New Rules

By Peter OBIORA InvestAdvocate Lagos (INVESTADVOCATE)-Nigeria’s Securities and Exchange Commission (SEC) is proposing to return unclaimed dividend to paying companies within 12 months, according to the commission’s proposed amendment of new rules on its official website. SEC affirmed that all unclaimed dividends in the custody of the Registrars shall be […]

Unity Bank Names Etuh Chairman, Babangida Vice

By InvestAdvocate Lagos (INVESTADVOCATE)-Unity Bank Plc on Wednesday appointed Thomas A. Etuh and Aminu Babangida as chairman and vice chairman respectively effective 23 January 2015, according to the bank in an issuer’s announcement to the Nigerian Stock Exchange (NSE). According to the lender, Etuh who was appointed pioneer vice chairman […]

Access Bank to Credit Allotted Shares into Investors CSCS Accounts May 28

By Peter OBIORA InvestAdvocate Lagos (INVESTADVOCATE)-Africa’s tier one lender, Access Bank Plc will credit allotted shares to the CSCS accounts of investors who applied for its ongoing rights issue latest May 28, according to the rights circular document made available to InvestAdvocate. The indicative abridged timetable as contained in the […]