About us


Extension of the Deadline for the Discontiuance of Issuance of Physical Dividend Warrants

  • The Securities and Exchange Commission has announced that the deadline of June 30, 2017 for discontinuance of issuance of physical dividend warrants has been extended to December 31, 2017. This will mark the end of conventional issue of physical dividend warrants to shareholders of public companies in the Nigerian capital market.
  • Furthermore, in a bid to curb the growth of unclaimed dividend in the capital market, the Commission will continue to underwrite the cost of e-Dividend enrolment till December 31, 2017. So far, about 2,200,000 (Two Million, Two Hundred Thousand) investors have mandated their accounts through the e-dividend platform.
  • The advantage of the e-Dividend is not only to enable investors collect subsequent dividends electronically, but it allows all accrued dividends to be credited to investors' bank accounts. This will stem the rising unclaimed dividend in the capital market.
  • This decision underscores the Commission's strong focus on market development and enhancement of investor confidence. All investors in the Nigerian Capital Market are therefore advised to take advantage of this extended grace period by approaching their Bankers or Registrars for enrolment before the deadline. Reference:http://sec.gov.ng/extension-of-deadline-on-issuance-of-dividend-warrants-and-free-e-dividend-registration-exercise/

 E-Dividend Mandate Registration Opportunity.

  • Dear valued Shareholder,

    DataMax Registrars is partnering with the commission to promote the E-Dividend Mandate Drive.
    Please join us at the ISCAN Annual Conference at Sheraton Hotel and Towers on the 26th and 27th of October 2017 to register for the direct credit of your dividend into your bank account if you have not already done so.

    Thank you.

Related Pages