For the first time in the history of
any capital market in Africa, Nigeria is set to commence 24 hours trading
settlement circle, even as 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 (SEC) Mounir Gwarzo made
this disclosure at the e-Dividend Sensitisation Town Hall Meeting in Lagos.
According to him, 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. According to him
