Connect with us

Columns

Companies: Season of Dividends Declaration and Payments for Her Shareholders Worth Billions of Naira

Published

on

Companies: Season of Dividends Declaration and Payments for Her Shareholders Worth Billions of Naira

By: Balami Lazarus

This piece made me recall my attempt to write the Chartered Institute of Stockbrokers (CIS) examinations years ago that I cannot remember now. I deliberately failed to continue with no reasons to give or shift blame as an escape route, which humans many do to console themselves of their failures. I (the writer) have learned never to do that.

However, no knowledge or experience is a waste for a wiseman. Hence, this work is derived from the knowledge gotten from the handouts and books I read on capital, equity, and/or stock market investments, where patience is the guiding principle as an investor taking into consideration this formula: Money > Units (Stocks) × Time + Patience = capital appreciations/dividends.

Many Nigerians are unaware of this equity/capital market. And if they do, they lack knowledge on what to do and how to invest in this market (kasuwan hanun jari).

It will shock you to know that there are so many share certificates in the hands of the citizens, amounting to thousands of units of shares worth billions of naira put together, laying fallow, not knowing what to do with them.

For I have seen many and assisted friends and relatives on what to do. Thanks for the digitalization of the market; it has made things much easier for investors and traders, including dividend payments currently taking place.

And surprisingly, there is over $190 billion in unclaimed dividends in the coffers of the federal government under the watch of the Securities and Exchange Commission (SEC), which is the regulatory body.

This large amount of money came as a result of some shareholders not knowing how to claim their dividends. While others may be due to the attitudes of procrastination.

The Nigerian Stock Exchange (NSE), now officially Nigerian Exchange Group Plc, which is run as a public liability company guided by the Companies and Allied Matters Act (CAMA), with its nomenclature as (NGX), also has her stocks traded on the exchange floor at Lagos.

I will not say much on the NGX. But be informed it is the trading floor of public companies’ stocks listed with the exchange where traders and investors can buy and sell their stocks or simply shares from Mondays to Fridays (5 times) in a week from 9am to 2pm daily.

Every year most companies hold their Annual General Meeting (AGM), informing their shareholders of the progress of their companies and whether or not to declare dividends to their shareholders depending on the strength of profits after tax (PAT) to those whose names appear on the list of the company registrars before the date of declaration.

The season of dividend declarations is most times done in April through June of each year. However, companies’ dividends vary in the sum of money paid to their shareholders depending on their units’ holdings in each company as part owners.

Dividends have added monetary value to shareholders and, by extension, improved the capacity of small- and medium-scale businesses in the economy because of the large amounts of money that have been paid into their various accounts either as individuals or as business enterprises.

Investors and capital market watchers are one group in society that is better informed on this segment of the Nigerian economy. And the investing group of citizens are making millions upon millions of naira from their investments in the market.

Take Guaranty Trust Company (GTCO) Plc, owners of Guaranty Trust Bank, as an example. Having declared a dividend of 11.67kobo per share for her shareholders. And assuming you, the reader, have a shareholding of only 1 million units. #11.67k x 1m = to #11,670,000 less 10% withholding tax (WHT), you will be credited with #10,503,000 your dividend as return on investment (RoI) on 28th April 2026 payment date.

What a profitable investment/dividend payment season.

Balami, Publisher/Columnist. 08036779290

Companies: Season of Dividends Declaration and Payments for Her Shareholders Worth Billions of Naira

Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Columns

Dadong: A Balanced Voice From Ungwan Rukuba

Published

on

Dadong: A Balanced Voice From Ungwan Rukuba

By: Balami Lazarus

What does it take to be a public mouthpiece? That was the question I asked Comrade Dadong Solomon Antibas. My chats with him were a balanced interface. The answers can be found in the write-up for your review.

Democracy like ours has brought to the limelight public mouthpiece voices; some are weak and political, while others are strong, progressive, constructive, and fearless, demanding progress, growth, and development as dividends of good governance in a peaceful atmosphere.

Governments created by democratic processes are never left alone without citizens asking questions and demanding dividends of democracy for their community and the country at large.

Comrade Dadong Solomon Antibas is a Nigerian, law-abiding citizen. Antibas, a security expert and popular public mouthpiece on the Jos Plateau, has earned the confidence of the people of his community, Ungwan Rukuba, and most parts of the state over the years. For his community, he is their immediate mouthpiece who has been speaking on their plights, calling the attention of the government under the leadership of Governor Caleb Manasseh Mutfwang to do the needful.

Personality like Solomon Antibas’ public impression of him by some citizens of the state is all about seeking relevance and political appointments. “I have no interest whatsoever in any political appointment. My sincere concern for my dear country and my state, Plateau, is peace, progress, growth, and development for future generations.”

Nigerians should begin to speak out on good governance at all levels. Citizens are also responsible for failing to hold them accountable and demand good governance in terms of security, social amenities, and infrastructure.

Ungwan Rukuba is one of the wards in the Jos North Local Government Area. It is an integral part of the city center. Unfortunately, the peaceful Ungwan Rukuba became a flashpoint. The terrorist attack of March 29th, 2026, has put a scar of insecurity on the area.

On insecurity, he said that Mr. President Ahmed Bola Tinubu has failed Nigerians woefully. “Insecurity is a bone of contention. The federal government must take decisive measures on the insecurity challenges bedeviling the nation.”

My findings on Comrade Dadong Antibas revealed that he is not a public affairs commentator or an analyst but a progressive and active public mouthpiece, a voice of the voiceless.

For some, Dadong is attacking the government under the leadership of Governor Mutfwang. ” Is speaking the minds of citizens on bad governance and holding the government of Governor Caleb Manasseh Mutfwang a crime”?

Despite threats on Solomon Dadong, they have not deterred him from speaking for and on behalf of other citizens living in the state. “I have no other way to hold the government accountable than to publicly speak and constructively criticize the leadership’s voicing out feelings and lots of the people…In democracy, governments are made by the people, and as such, they must provide for the collective needs of the masses who voted them in.”

Comrade Antibas is one among the few indigenous people of Plateau who are outspoken and speak with passion and a patriotic mind for his state and Nigeria. “I will live and die in Nigeria speaking, advocating, demanding, and/or holding both federal and state governments accountable for good governance.”

Balami, Publisher/Columnist, 08036779290

Dadong: A Balanced Voice From Ungwan Rukuba

Continue Reading

Columns

Facts for Understanding Capital Market Investment

Published

on

Facts for Understanding Capital Market Investment

By: Balami Lazarus

I grew up in an academic environment where the language is the same: study well, have good grades and be what you desire to be in the future through academic discipline and training.

Many of my contemporaries and I were not spoken to in the language of trade and commerce. But here are some of us as businessmen, entrepreneurs, investors and in other business enterprises far from the academic language we were bred with.

There has never been a market like the capital market the world over where trade per day runs into billions of cash. While market capitalisation is in trillions. The case of the Nigerian Stock Exchange (NSE), now Nigerian Exchange Group, with its trade symbol (NGX) on the floor, is a good example.

Investing in the capital market is profitable for traders and short- and long-term investors. But understanding the market requires some basic facts, which are cash, knowledge, discipline and patience, important for investors to appreciate the market.

Recently a member of my social group came to me to seek my advice on what it takes to invest in the equity market (stock exchange). I was very candid with the fellow, informing him that he needs cash, knowledge, discipline and patience to invest in the capital market after having defined his position as an investor.

First an investor needs cash in his possession set aside to invest in the capital market, the gateway into the market. You can have the other three, but without cash you are not yet an investor.

Lack of knowledge about a business or investments has made so many persons lose money worth millions.

This is typical with good number of Nigerians who attempted to start a business or invest in some going concerns without basic knowledge and understanding of the intricacies of these investments or businesses.

The information and technology age has
made acquiring knowledge very simple; therefore, understanding the stock market is easy these days.

Basically, the capital market depends on and responds to information, government policies, and economic and political happenings/events within and without, which most often determines the graphic movements of the primary market deals on the floor. ‘Bullish’ or ‘bearish’ simply means the plus or minus of the day’s transactions.

The need for monitoring of the market is important for traders and short-term investors. However, with knowledge and careful monitoring of the market, it is a suitable place for short-term gains for investors with multiple numbers of holdings in blue-chip companies like Dangote Cement, Bau Foods, Nestle, Aradel, Okumu Oil Palm, Zenith Bank, Guaranty Trust Bank and others. But for long-term investors, whether the market is bullish or bearish, his investment portfolio is for future use.

Investments like those of the capital market, discipline and being committed are necessary to build a strong, high-quality, profitable portfolio of a large number of holdings of units spread over listed companies of the stock exchange that come with capital appreciation and dividends. This is important, especially for long-term investors.

And the turn key in this type of investment is patience. Generally investments need patience for them to mature for harvest.

In stock market investment, patience plays a vital role in this business. Therefore, for an investor who lacks patience, the capital market is not a tuft for him and shall never be.

To navigate through this market, investors must at all times apply this formula and have it printed on their hearts. Cash = stock units over time + patience = capital apreciation/dividends.

Today there are changes in the exchange which have improved trading. The time of trade has been extended to transactions and payments (T+1). Other electronic applications to aid and encourage investors in the capital market in an attempt to boost the Nigerian economy.

Balami, Publisher/ Columnist 08036779290

Facts for Understanding Capital Market Investment

Continue Reading

Columns

The ‘Hyenas’ and The Fear of Radical Changes

Published

on

The ‘Hyenas’ and The Fear of Radical Changes

By: Balami Lazarus

Nigeria’s persistent security challenges, governance shortcomings, and societal stagnation were discoursed in a recent controversial work titled “Radical Approach: Ways of Ending the Menace of Insecurity in Nigeria,” which has sparked vehement reactions. These responses, saturated with insults and threats, underscore not only the resistance to transformative ideas but also reveal deeper cultural and psychological barriers inhibiting national progress. 

Hyenas occupy a complex place symbolically and ecologically. Known for their powerful jaws capable of crushing bone and their fearsome appearance, hyenas possess attributes of strength and resilience. Ironically, the very qualities that should have crowned them kings of the jungle remain unrealized due to internal flaws—excessive fear and greed. This metaphor resonates profoundly with the Nigerian socio-political landscape. Many citizens and leaders embody these counterproductive traits, which sabotage collective progress. The ‘hyenas’ here are those resistant individuals who react aggressively to change, fearful of losing entrenched privileges or comfortable mediocrity.

Despite their natural capacities, hyenas do not kill their prey outright but feed until the victim is entirely consumed, a parallel to how corruption, insecurity, and dysfunctional governance gradually erode Nigeria’s potential. Nevertheless, because of this fear and greed, the true power of the hyenas remains dormant. Similarly, Nigerians possess enormous potential—humans and resources alike—but systemic fear of radical transformation prevents the nation from ascending to greatness.

Resistance to radical change is hardly unique to Nigeria; however, the scale and intensity of opposition here are particularly pronounced. The author of the initial work rightly posits that fundamental restructuring or amicable separation (balkanization) may be necessary to ensure peaceful coexistence among Nigeria’s diverse ethnic and regional groups. While this proposition unsettles many, it is grounded in historical precedents where developing nations embraced bold reforms, coupled with decisive policies and enforcement mechanisms, to dismantle corruption and oppression effectively.

For example, South Korea’s transformative journey from a war-ravaged country to a technological powerhouse was marked by radical government-led reforms, strict anti-corruption measures, and an unyielding commitment to national goals. Similarly, post-apartheid South Africa undertook sweeping constitutional and institutional reforms to redress systemic inequalities. These examples suggest that change without fear, and with a clear vision, is achievable. In Nigeria’s case, however, political leaders often prioritize personal gain over national interest, shielding corrupt practices from scrutiny and accountability—a scenario that foreign nationals sometimes benefit from more than average Nigerians.

Hence, it is not just a question of reform but an urgent call for a radical overhaul of the political, economic, and security frameworks—an overhaul that will inevitably provoke discomfort among the ‘hyenas’ who thrive on the status quo. Their hostility reflects a deeper anxiety about losing undue influence rather than genuine concern for national welfare.

Those who dare to voice radical solutions face fierce backlash. The insults, threats, and online harassment directed at the author of “Radical Approach” epitomize the perils confronting reformists. Such antagonism stems from a culture where free expression is often conflated with subversion and where critical voices are silenced through intimidation rather than engaged with constructively. This atmosphere breeds cynicism and self-censorship, retarding public discourse essential for democracy and progress.

The paradox lies in the fact that while politicians and vested interests propagate falsehoods to maintain their grip, genuine advocates of change are vilified. This creates a toxic environment where truth-tellers face social ostracism, leaving the masses bewildered about whom to trust. The condemnation of the author’s suggestion to either restructure or separate the country illustrates how deeply sensitive and contested the issue of national unity is—yet it also reveals the urgency to address unresolved grievances before they escalate into greater conflict.

It is crucial to emphasize that opinions, especially those anchored in personal conviction and aimed at national betterment, deserve respect and consideration, even if controversial. Democratic societies thrive on diverse viewpoints and vigorous debate. The author’s claim to persist as a ‘honey badger’—an animal known for fearless tenacity—symbolizes the courage required to confront entrenched systems and societal fears.

Change is seldom comfortable; it disrupts established norms and compels individuals to rethink identities and power structures. But without this discomfort, stagnation ensues, and nations risk eventual decline or disintegration. In Nigeria’s context, the failure to act decisively invites greater insecurity, economic hardship, and social unrest, ultimately threatening the very fabric of the nation.

To overcome the paralysis induced by fear and entrenched interests, Nigerians must collectively embrace the concept of radical but non-violent reform. The analogy of hyenas vividly encapsulates the paradox of strength hindered by fear and selfishness—a situation familiar to Nigeria today. The vehement backlash against radical proposals for restructuring or separation signals a collective unease but also highlights the necessity for bold action. History teaches us that radical change, enforced with fairness and resolve, is often the catalyst for national rebirth.

Nigeria stands at a crossroads. Will it continue to be prey to internal fears and greed, or will it muster the courage to embrace transformative ideas, no matter how uncomfortable they may seem? Advocates like the author of “Radical Approach” bear the burden and honor of challenging the status quo. Their persistence embodies hope that someday, rationality and justice will prevail over hostility and inertia.

In this pursuit, Nigerians must shed the fearful mindset that binds them and instead harness their inherent strengths—diversity, resilience, and youthful energy—to reclaim their destiny. Only then can the nation finally silence the cacophony of ‘hyenas’ and evolve into a stable, prosperous democracy worthy of its vast potential.

Balami, Publisher/Columnist 08036779290

The ‘Hyenas’ and The Fear of Radical Changes

Continue Reading

Trending

Verified by MonsterInsights