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Showing posts from July 29, 2019

Shareholders speak on SEC’s effort to streamline share transmission process

Over time, investors in the Nigerian capital market have been complaining about the cumbersome process of taking ownership of the investments of their deceased family members. However, the  Commission said it has made some progress in attempting to resolve the issues around transmission of shares related to the estate of deceased investors, adding that the process has commenced with the Lagos State Probate Registry.  Here, investors speak on the SEC’s move.Excerpt: By Nkiruka Nnorom The New rule should cover expenses, commission paid by beneficiaries  — Chibuzo Eke, ISAN member Nigerian Stock Exchange NSE Okowa assures speedy take of Kwale industrial park(Opens in a new browser tab) The move by SEC to make  amendments to the rule is okay because of the bottleneck that the beneficiaries go through in claiming the investment of their loved ones as soon as such holders die. So, it is very good if the Commission can ease and enhance the entire process because you disco...

Hatred in Nigeria today worse than in 1966 — Izuogu

How my Z-600 dream car production died Jealousy is eating Nigeria green Igbos are their own worst enemies I supported Buhari but didn’t know about Islamisation agenda By Chioma Gabriel – Editor Special Features IN 1997, Dr Ezekiel Izuogu, an Electrical Engineer and lecturer at the Federal Polytechnic Nekede, came into public limelight when he designed and developed the Izuogu Z-600, the first African indigenous manufactured car which was described by the BBC as ‘ the African dream machine.  The then Head of State, General Sani Abacha, set up a 12 man panel made up of professionals to ascertain the roadworthiness and authenticity of the car and after several days of probing, the committee gave Dr Izuogu’s car a clean bill of health. General Sani Abacha, represented by the Chief of General Staff, Lt. Gen  Oladipo Diya, at a well-organised unveiling ceremony which had over 20 foreign ambassadors and thousands of people in attendance promised a grant of N235 million to Dr Izuogu...