New Improve E-Dividend Portal To Be Unveil In November 2023 … As Committee Partners With ICMR & NIBSS

As the Securities and Exchange Commission (SEC) alongside other stakeholders in the capital market are making efforts to reduce the numbers of unclaimed dividend in the market through the introduction of e-dividend platform, the e-dividend mandate technical committee has assured tha market that an enhanced e-dividend portal will be launched on or before November 30, 2023.

The Committee chair Mrs Hafsat Rufia disclosed this during her presentation at the Capital Market Committee members in Lagos. She gave an update on the collaborative project with the Institute of Capital Market Registrars (ICMR) and the Nigeria Inter Bank Settlement System (NIBSS) to enhance the e-dividend portal.

Mrs Rufai also reaffirmed the committee commitment to the project’s timely completion, aiming for a launch on or before the end of this month. Adding that NIBSS showcased the revamped portal to the e-Dividend Mandate Committee on Wednesday, November 15, 2023, demonstrating its dedication to delivering the project in line with the revised project work plan.

The Committee noted that 18 out of 19 Registrars had submitted updated data on Un-Mandated Accounts for upload.  She said the Portal progress updates would be provided at the next CMC meeting.which will be next year.