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Capital market’s unclaimed dividends hit N177bn – SEC

The Securities and Exchange Commission, on Friday, announced that the unclaimed dividends at Nigeria’s capital market increased from N168bn in 2020 to N177bn in 2021.

Director-General, SEC, Lamido Yuguda, disclosed this in Abuja while speaking on the outcomes of the second Capital Market Committee meeting held recently in Abuja.

Yuguda said, “The unclaimed dividends that we have as at the end of last year was about N177bn.

“And, unfortunately, this was an increase over the number at the end of 2020, which was N168bn.”

Source: The PUNCH