{"id":57202,"date":"2022-03-28T03:06:55","date_gmt":"2022-03-28T02:06:55","guid":{"rendered":"https:\/\/nationalwire.com.ng\/?p=57202"},"modified":"2022-03-28T03:06:55","modified_gmt":"2022-03-28T02:06:55","slug":"sec-abu-to-co-operate-on-capital-market-development","status":"publish","type":"post","link":"https:\/\/nationalwire.com.ng\/sub\/sec-abu-to-co-operate-on-capital-market-development\/","title":{"rendered":"SEC, ABU To Co-operate On Capital Market Development"},"content":{"rendered":"

The Securities and Exchange Commission is set to collaborate with the Ahmadu Bello University, Zaria in a bid to further deepen the Nigerian capital market.<\/p>\n

 <\/p>\n

Director General of the SEC, Mr. Lamido Yuguda stated this when the Vice Chancellor of ABU Prof Kabiru Bala led other top management of the University to the Commission on Friday.<\/p>\n

Yuguda said that the Commission is currently carrying out a number of initiatives which he stated would appeal to younger generation and attract them to the capital market.<\/p>\n

According to the DG \u201cToday, people like things they can do on their phones\/tablets and that is why we are embracing technology in the capital market. Fintechs are attracting young people to do investments with their phones meanwhile the market still relies on paper documentation. This is really something of the past as we are committed to ensuring that our markets are technology driven. Technology is the way to go and it is the way to really engage people. Once the youths buy an idea, it goes far and wide\u201d.<\/p>\n

Yuguda bemoaned the high level of unclaimed dividends in the capital market and enjoined investors to mandate their accounts for e-dividend in a bid to reduce the quantum.<\/p>\n

He said, \u201cSo many investors have shares in the capital market and have abandoned them. People have not come forward to claim their dividends and this has led to huge unclaimed dividends and has increased the unclaimed dividends profile.<\/p>\n

\u201cThe Commission has over time been educating and enlightening the public on how they can get their dividends. Now they do not need to wait for the broker to send the dividend warrants through the registrars. The dividends can actually come to them directly into their bank accounts through e-dividend payments. We will arrange investor clinics to ABU to talk about issues in the capital market and encourage the staff and students to key in. ABU is reputed for giving the very best in tertiary education and some of us are proud graduates of the university.<\/p>

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Advertisement<\/div>\r\n\t\t\t\t\t\t\t<\/a>\r\n \r\n\t\t\t\t\t\t\t<\/div>\n

In his remarks, Vice Chancellor of ABU Prof Kabiru Bala described the visit as part of the advancement of the university to keep in contact with their alumni as is done in most global universities.<\/p>\n

Prof. Bala implored alumni to collaborate with their universities and institutions to assist such institutions where necessary adding that many universities are currently grappling with issues of funding.<\/p>\n

\u201cWe know many institutions are grappling with issues of funding and these alumni can come in to assist. This will drastically reduce the incidences of industrial action by the staff\u201d He stated.<\/p>\n

The Vice Chancellor also requested for collaboration with the SEC that would enable undergraduates of the institution intern with the Commission for specified period in a bid to understand in details the workings of the capital market adding that, this will increase their employability chances.<\/p>\n

\u201cWe are putting a lot of premium on these kind of relationship to ensure that students can conduct research that would also be useful to the capital market. We are working towards reviving our endowment fund in a bid to bringing sustainable development to the university and enhance revenue generation\u201d He added.<\/p>\n

Photo Caption: From Left–Director, Directorate of University Advancement, Ahmadu Bello University Zaria Prof Sanni Aliyu, Director General Securities and Exchange Commission Mr Lamido Yuguda, ABU Vice Chancellor Prof Kabiru Bala and Executive Commissioner Corporate Services SEC Mr Ibrahim Boyi during a Meeting between The SEC and ABU Management in Abuja at the weekend<\/p>\n","protected":false},"excerpt":{"rendered":"

The Securities and Exchange Commission is set to collaborate with the Ahmadu Bello University, Zaria in a bid to further deepen the Nigerian capital market.<\/p>\n","protected":false},"author":6,"featured_media":57203,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_exactmetrics_skip_tracking":false,"_exactmetrics_sitenote_active":false,"_exactmetrics_sitenote_note":"","_exactmetrics_sitenote_category":0,"footnotes":""},"categories":[23,17],"tags":[575],"coauthors":[2391],"class_list":["post-57202","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-business","category-news","tag-sec"],"yoast_head":"\nSEC, ABU To Co-operate On Capital Market Development - National Wire<\/title>\n<meta name=\"description\" content=\"Securities and Exchange Commission is set to collaborate with the Ahmadu Bello University, Zaria in a bid to further deepen\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/nationalwire.com.ng\/sub\/sec-abu-to-co-operate-on-capital-market-development\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"SEC, ABU To Co-operate On Capital Market Development - 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