The Securities and Exchange Commission (SEC) has launched a revamped e-Dividend Mandate Management System (e-DMMS) portal aimed at reducing unclaimed dividends, which currently amount to N190 billion. The new system introduces a "self-service interface," enabling investors to mandate their accounts for e-dividends virtually without visiting a registrar or bank. This move is intended to curb the growing unclaimed dividends and enhance investor experience in the Nigerian capital market.
Investors are encouraged to use the new self-service portal via the "NIBSS Self Service" link on the SEC website or approach their respective registrars or banks. FAQs are available on the SEC's website for further guidance.
Investors are encouraged to use the new self-service portal via the "NIBSS Self Service" link on the SEC website or approach their respective registrars or banks. FAQs are available on the SEC's website for further guidance.