May 03, 2019 / 07:00 PM / NASD Plc
The SEC ran a program for the Lagos State Probate
registry it enlighten capital market stakeholders in the on issues of
transmission of shares for estate accounts. A key highlight of the
program was to detail the vital role the Probate Registry plays in dealing with
matters of probate and administration of estate.
The Lagos State Probate registry launched a
portal in March 2019 which aims to ease the process of re-acquiring the assets
of deceased shareholders. Investors and estates can also
verify if there is any pending litigation on probate/letters of administration
on estate accounts.
fide beneficiaries of estates now have seamless access to the assets of the
volume of outstanding unclaimed dividend
the risk of loss of assets, especially as it is related to the deceased shares.
liquidity of investment portfolios.
NASD PLC commends this development and the
continuing movement to a transparent and liquid capital market
Market Activities For Week
As at close of trade week on
03 May 2019, market Capitalisation decreased to ₦543.90 billion from last week's previous ₦546.15 billion, which shows a 0.41%
decrease in Capitalisation. Also the USI for the week ending
03 May 2019 recorded a decrease from 760.19 points to
Market in Numbers (Year-to-Date)