Home Business Capital Youths Urged to Invest in Capital Market
Capital

Youths Urged to Invest in Capital Market

Share
Share

April 4, 2019/SEC

The Securities and Exchange Commission, SEC, has encouraged Nigerian youths to invest in the capital market instead of indulging in gambling.
Acting Director General of SEC, Ms. Mary Uduk who stated this, said there are various products and funds available in the Market that would appeal to the youth populace in Nigeria.
Uduk therefore encouraged them to take advantages of these opportunities and invest wisely.
According to her “We have mutual funds and it covers every asset in the capital market. Whether it is money market, insurance, capital market, real estate, infrastructure among others. The youths can invest in these, rather than leave your money in savings account you can invest in mutual funds. It runs like savings account and after three months you can withdraw your money same way as you do with the banks.
“You don’t have to go and gamble, there are so many products in the capital market that they can invest in rather than going to gamble and losing their money.
We have various products that are very attractive where they can invest their money.
The Acting DG disclosed that the Commission has commenced investor education and enlightenment for Nigerians to understand the benefits of these funds which gives more interest that saving money in bank accounts.
She also urged those already invested in the market to register to claim their dividends electronically as a means of reducing the unclaimed dividends profile.
“For every account that is mandated all accrued dividends is automatically paid. Then there is the use of regularization of multiple accounts. We discovered that while dividend is growing and it is increasing unclaimed dividends, the pace is not as satisfactory as when we observe that multiple accounts which have not been claimed for many years are still being paid dividends.
“Those people that have multiple accounts can only lay claim on dividends in one account, all the others will keep warehousing dividends as long as they are not regularized.
“We therefore urge all those with multiple accounts to regularise such accounts so that they can also claim their dividends”.
Share

Businesstoday Magazine

Businesstoday Conference/Awards

Related Articles

Access Holdings Reports 82.8% Growth In Q3 PAT To ₦457.7 billion

*As Total Assets Hit To ₦41.1 Trillion   Access Holdings Plc, one...

CSCS Clinches “Capital Market Infrastructure Developer Of The Year” At BAFI Award 2024

L-R: Frank Aigbogun, Co-founder Business Day, Onome Komolafe, Divisional Head, Business Service...

United Capital Group Takes Home Five Major Awards At 2024 BAFI Awards

L-R: Group Executive Director and Chief Operating Officer, Ayodeji Adigun, Group Chief...

United Capital Grows Profit By 93% yoy

United Capital Group has further cemented its upward growth trajectory, with an...