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Fed Govt Slightly Reverse The Price of PMS

Queue at the filing station  The President,  Petroleum Products Retailers Owners of Nigeria( PETROAN), Dr Billy Gills Harry, says the reduction of the product, by the Nigerian National Petroleum Company Limited( NNPCL) is good for the nation'struggling economy, as it would help in soften the difficult situations posed by the sharp rise in the price of petroleum products. While reacting to the issue through a statement issued and signed to the NEWSMIRROR yesterday, Harry said that the slight reversal of the price by NNPCL shows that the government is committed to the alleviation of the problems of the masses. According to him, the reduction in the price per litre of Petrol Motoring Spirit( PMS) from N1,020 per litre to N899 per litre is good, adding that the country will soon get over its problem, if the readjustment of the economy continues. Also, PETROAN's Public Relation Officer, Dr  Joseph Obele said that Dangote Petroleum Refinery had earlier started the r...
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SEC Will Tackle Unclaimed Dividends In The Market

Agama 


By Favour Ifeoluwa & Akinola Ajibade


Nigeria’s apex capital market regulator, Securities and Exchange Commission (SEC), will deal decisively with the recurring issue of unclaimed dividends in the Nigerian capital market. Its Acting Director-General, Dr. Emomotimi Agama, has said.

He spoke last weekend in Abuja, during a meeting with the executives of Institute of Capital Market Registrars (ICMR), where he described unclaimed dividend  in the capital market as a monster.

According to him, SEC will soon issue  a framework that will guide the capital market in the proposed recapitalisation exercise by banks. 

He said registrars must embrace technology as one of the ways of ensuring that the issue of unclaimed dividends in the capital market becomes a thing of the past. 

“Unclaimed dividends is a monster that we must deal with now. Whatever it will take to deal with it, we must do it. We must embrace technology as one of the ways to deal with it. “Let us put our thoughts together and provide a workable solution, let us ensure that this becomes a thing of the past. We need to provide solution and the time is now. As custodians, we implore you to provide practicable steps to address this issue,” Agama said.

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