By Adedapo Adesanya

Coronation Registrars Limited processed N1.28 trillion in dividends for the year 2025, representing over 40 per cent of the total dividends distributed on the Nigerian Exchange (NGX) Limited.

This information was revealed by the company in its 2025 performance scorecard, highlighting its continued role in supporting transparency, efficiency, and investor confidence within Nigeria’s capital market.

According to the company, the performance underscores its scale and the trust placed in it by leading publicly listed companies, which it helps in administering dividend processing. Other functionalities include managing shareholder records, corporate actions, and investor communications while ensuring compliance with regulations of the NGX and the Securities and Exchange Commission (SEC).

Coronation Registrars also recorded 34.8 per cent market share of the NGX by market capitalisation, while maintaining 64 per cent coverage of companies listed on the NGX Premium Board, reflecting strong partnerships with some of Nigeria’s largest and most influential issuers.

Operationally, the registrar facilitated 1.99 million buy and sell transactions in 2025, while managing 2.91 million shareholder accounts across its registrar’s portfolio.

The organisation also continued to address the longstanding issue of unclaimed dividends. In 2025, N3.67 billion in legacy unclaimed dividends was successfully returned to investors, helping reconnect shareholders with previously outstanding entitlements.

To further strengthen shareholder record accuracy and service efficiency, Coronation Registrars processed over 513,000 Know-Your-Customer (KYC) and shareholder account updates, including Clearing House Number (CHN) updates and record changes.

Commenting on the milestone, the Managing Director of Coronation Registrars Limited, Mr Seyi Owuturo, stated, “Our 2025 scorecard reflects the responsibility we carry as custodians of shareholder records and facilitators of dividend distribution for many of Nigeria’s leading companies. We remain committed to improving investor access, strengthening operational efficiency, and supporting the continued development of Nigeria’s capital market.”

Coronation Registrars said it remains focused on leveraging technology, operational excellence, and strong issuer partnerships to deliver reliable registry services while supporting the evolving needs of shareholders and listed companies.

By Adedapo Adesanya

Union Dicon Salt Plc has raised an alarm that it has been unable to establish contact with Aims Limited, which holds a significant equity stake in the company, stalling its revival plans.

In a formal announcement issued to the Nigerian Exchange (NGX) Limited, shareholders and the investing public, Union Dicon Salt, said Aims Limited owns 64 million shares, representing 40 per cent of the company’s issued share capital, effectively positioning it as one of the most influential shareholders in the listed salt manufacturing firm. Aims Limited is a Brazilian company.

This development, according to the statement signed by Mr Alfred E. James, the company secretary, has raised fresh questions about shareholder communication and governance oversight within Nigeria’s listed companies.

The company disclosed that repeated attempts to communicate with the shareholder have so far been unsuccessful, prompting the unusual step of issuing a public notification in compliance with provisions of the exchange’s rulebook governing disclosures by listed issuers.

“In line with the provisions of 17.5 Rule Book of the Exchange 2015 (Issuers Rules), Union Dicon Salt Plc hereby notifies the Nigerian Exchange Limited, shareholders of the company, and the general public,” the notice stated, before outlining the inability to reach the shareholders despite several efforts.

Union Dicon Salt Plc said the public disclosure is intended to formally request that Aims Limited immediately establish contact with the company through its corporate offices located at Kirikiri Lighter Terminal, Kirikiri Phase 2, Apapa, Lagos, or through the office of the company secretary.

Established in 1984, the Company operates a 60 – 40 per cent joint venture between the Defence Industries Corporation of Nigeria (DICON) and its technical partners, Aims. In 1987, it established a factory at Kirikiri Lighter Terminal in Lagos, where Dicon Salt was importing bulk salt, doing some refining processes, and selling the product through the company’s established network. Its products include pure, refined, and iodised edible salts.

By Aduragbemi Omiyale

The rights issue of Linkage Assurance Plc, involving 12,320,000,000 ordinary shares of 50 Kobo each at N1.32 per share, has been approved by the Securities and Exchange Commission (SEC).

Business Post reports that the underwriting company is offering shareholders on the basis of two new ordinary shares for every three ordinary shares held as of January 22, 2026.

Linkage Assurance, in a notice to the Nigerian Exchange (NGX) Limited, disclosed that the offer opens on March 11, 2026, and closes on April 23, 2026.

Shareholders interested in the rights issue are required to submit the completed participation forms, together with payment or evidence of payment for the full amount payable, on or before Thursday, April 23, 2026, to any of the issuing houses or receiving agents listed in the rights circular.

The insurance firm intends to use funds from the exercise to meet the required minimum capital introduced by the Nigeria Insurance Industry Reform Act, 2025, and to expand into key areas of insurance business.

The disclosure noted that “the rights issue provides existing shareholders with the opportunity to increase their equity holdings in the company, thereby reinforcing their participation in and support of the company.”

It advised shareholders “to contact their stockbrokers and/or financial advisors for further information regarding the offer.”