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Naira depreciates to N664.04/$ as CBN lifts restrictions

Naira depreciates to N664.04/$ as CBN lifts restrictions
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Nigeria General , David Adonri , Nkiru Nnorom , Ayo Teriba , Taiwo Oyedele , Emmanuel Ihenacho , Sola Obadimu , Pricewaterhousecoopers Pw , Nnamdi Nwizu , Yinka Kolawole , Patrick Ezedimbu , Peter Egwuatu , Babajide Komolafe , Lanre Idris , Leadway Pensure , Uche Uwaleke , Rosemary Onuoha Elizabeth Adegbesan , Victor Chiazor , Godwin Oritse , Garba Kurfi , National Association Of Stevedoring Operators , Central Counter Party , Central Bank , Nigerian Association Of Chambers Commerce , Fidelity Securities , Head Of Research ,

Cash woes: FG after dormant accounts, unclaimed dividends

Cash woes: FG after dormant accounts, unclaimed dividends
On
…Bankers surprised, unaware
“From the commencement of this Act, any unclaimed dividend of a public limited liability company quoted on the Nigerian Stock Exchange and any unutilised amounts in a dormant bank account maintained in or by a deposit money bank which has remained unclaimed or unutilised for a period of not less than six years from the date of declaring the dividend or domiciling the funds in a bank account shall be transferred immediately to the Unclaimed Funds Trust Fund.”
FINANCE ACT 2020, SECTION 77, 1-3
By Babajide Komolafe, Nkiru Nnorom, Rosemary Onuoha & Elizabeth Adegbesan ....

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