TVC E, BUSINESS – For the first time in the history of any capital market in Africa, investors in the Nigerian Capital market are now to get dividend payment within 24 hours through the e-Dividend Payment Platform.
Director General of Securities and Exchange Commission Mounir Gwarzo made this disclosure at the e-Dividend Sensitisation Town Hall Meeting in Lagos, Thursday.
Gwarzo says the proposed system will automatically allow dividends to be credited directly into shareholders’ accounts within 24 hours of payment by the company.
Gwarzo stated that this was one of the initiatives being implemented by the Commission as part of its 10 year Capital Market Master Plan to encourage retail investors to return to the market and thereby deepen the market.
