e-Transactions: (Nigerian Stock Market) Regulators Insist on January 2009
The regulators of the nation’s capital market have insisted on the January 2009 deadline for the adoption of electronic transactions in the market. The Securities and Exchange Commission (SEC) and Nigerian Stock exchange (NSE) had given January 2009 for the take off of e-transactions in the market. This includes dematerialization of share certificates and introduction of e-offerings and allotments. Thisday Newspapers 8th October, 2008 pg29
(By implication, certificates would no longer be dealt in within the Nigerian Capital market in the coming year. It is adviseable for investors to take your share certificates to your stockbroker for processing before Jan. 2009. For more details on how to get your certificates verified with ease and excellent service delivery kindly contact:
madeonline@gmail.com, 08056259633).
In the interim, shoudl you have any questions about certificate dematerialization or issus pertaining to such/your brokers attitude to such, kindly express your views here.
Best regards.