Economy
SEC Rolls Out Strategies for Unclaimed Dividends
By Adedapo Adesanya
The Securities and Exchange Commission (SEC) has disclosed that it has put in place initiatives to resolve the issue of over N126 billion worth of unclaimed dividends in the nation’s capital market.
According to the Acting Director-General of the SEC, Ms Mary Uduk, the commission would in 2020 initiate several strategies to address the issues of unclaimed dividends in the space.
In a statement released via the commission in Abuja, the issue of unclaimed dividends was described as a legacy matter because they started way back in the past.
Ms Uduk noted that currently, the major problem it faced has to do with identity management, which the capital market and other stakeholders were working to resolve.
“Right now, you will not get unclaimed dividends from new issues. Part of the problem of unclaimed dividend has to do with identity management, which we are doing all we can to educate the public on and engaging the various stakeholders to be able to get a lot of the information that we require.
“Since then, items like (BVN) has been added to help in identity management. The capital market is also taking advantage of it.
“The Central Securities Clearing System (CSCS) and the registrars are working together to ensure that more information from the legacy shareholders are being collected to be able to update their information and get them to claim their dividends,” she said at an event in Abuja recently.
Ms Uduk disclosed that there had been several engagements with shareholders on the issue to ensure the matter was resolved, saying, “The registrars don’t have direct interface with shareholders, they deal directly with stockbrokers.
“But there is a committee comprising the SEC, the registrars, the stockbrokers, the issuing houses, the Central Securities Clearing System (CSCS) and Nigerian Stock Exchange (NSE) working on that in addition to the e-dividend management committee.”
“The committee has come up with a resolution which was adopted at the last Capital Market Committee (CMC) meeting,” she added.
Ms Uduk revealed that part of the resolutions reached was that stock brokers will update information in respect of their clients, adding that it was also agreed that there will be no transaction in respect of any account that information is not updated and on the part of capital market operators they will be given a time frame within which to resolve all such issues.
By Aduragbemi Omiyale
The pre-registration training and examination for capital market operators (CMOs) for the second quarter of 2026 has been postponed.
Business Post gathered that the new date for the exercise is now Monday, June 15, 2026.
This information was disclosed by the Securities and Exchange Commission (SEC) through a circular on Monday, June 8, 2026.
The Nigerian capital market regulator stated that this postponement has also resulted in the extension of the deadline for registration to Friday, June 12, 2026.
In the notice today, the SEC expressed its regret for the inconvenience this action may cause operators, who had prepared for the initial date of the training and examination.
“Further to the recent circular on Q2 2026 Pre-registration Training and Examination, the Securities and Exchange Commission (SEC) hereby informs all eligible applicants for the Q2 2026 Pre-registration Training and Examination that the commencement date has been postponed to Monday, June 15, 2026.
“Registration on the designated portal has also been extended to Friday, June 12, 2026. All other conditions contained in the circular remain unchanged.
“The commission regrets any inconvenience this postponement may cause and appreciates the understanding of all applicants,” the disclosure noted.
By Aduragbemi Omiyale
One of the leading healthcare firms in Nigeria, Fidson Healthcare Plc, has listed additional shares on the Nigerian Exchange (NGX) Limited.
The new stocks absorbed into the stock market were 600 million units, raising the total issued and fully paid-up shares of Fidson to 3,000,000,000 ordinary shares of 50 Kobo each from 2,400,000,000 ordinary shares of 50 Kobo each.
The fresh equities came from the company’s rights issue of 600,000,000 ordinary shares of 50 Kobo each at N35.00 per share.
They were issued to existing investors on the basis of one new ordinary share for every existing four ordinary shares held as of the close of business on Wednesday, November 12, 2025.
Confirming the development, the regulator in a notice said, “Trading licence holders are hereby notified that an additional 600,000,000 ordinary shares of 50 Kobo each of Fidson Healthcare Plc were on Tuesday, June 2, 2026, listed on the daily official list of Nigerian Exchange Limited.
“The additional shares arose from the company’s rights issue of 600,000,000 ordinary shares of 50 Kobo each at N35.00 per share on the basis of one new ordinary share for every existing four ordinary shares held as at the close of business on Wednesday, November 12, 2025.
“With the listing of the additional 600,000,000 ordinary shares, the total issued and fully paid-up shares of Fidson Healthcare Plc have now increased from 2,400,000,000 to 3,000,000,000 ordinary shares of 50 Kobo each.”
By Modupe Gbadeyanka
This news will surely excite local contractors with verified claims of N100 million or less, as the federal government has approved their payments.
This approval for the disbursement was given by the Minister of Finance and Coordinating Minister of the Economy, Mr Taiwo Oyedele.
This followed a verification and reconciliation exercise designed to ensure only validated claims qualify for payment.
The beneficiaries cover contractors across multiple ministries, departments and agencies. The release of the funds is expected to enable contractors to return to project sites, pay workers, settle suppliers and meet outstanding financial commitments.
In an announcement on Monday, the Federal Ministry of Finance also said this latest batch of payments would ease liquidity pressure on small businesses and accelerate economic activity nationwide.
It was noted that the payments for verified claims of N100 million below were strategically done to spread economic impact broadly rather than concentrate disbursements among a handful of large firms.
The payments form part of a broader push to clear inherited contractor obligations, with over N700 billion verified in recent months.
“For many beneficiaries, the release of funds represents more than a financial transaction. It provides the certainty needed to sustain operations, preserve jobs, complete ongoing projects, and contribute to economic recovery and growth,” the ministry said in a statement.
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