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Why we must drive Africa’s capital market with technology — Owoturo

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Investment in start-ups falls 78.2% to $57.55m

By Peter Egwuatu 

The Chief Executive Officer, Coronation Registrar Limited, Oluseyi Owoturo, has stressed the importance of technology in driving Africa ‘s capital market.

In his interactions with the media in Lagos, he revealed   that in June 2025, the Securities and Exchange Commission (SEC) directed public companies and their registrars to comply with the Finance Act 2020, mandating that dividends unclaimed for six years or more be transferred to the Unclaimed Funds Trust Fund (UFTF).  

According to him, this move reflects a growing focus on accountability, transparency, and investor protection within our capital market.

“At Coronation Registrars Limited, we anticipated this shift long before the directive. We rolled out several initiatives to ensure that shareholders could claim their dividends seamlessly. Working closely with shareholder associations across Nigeria, we conducted nationwide sensitization campaigns, mapped mandates, validated accounts, and built systems to remove friction from dividend payments. 

Today, the results are evident: a sharp reduction in unclaimed dividends on our registers and a renewed sense of trust from investors.

“But the question goes beyond unclaimed dividends. What kind of registrar does Africa need to meet the challenges of a rapidly evolving financial landscape? Our answer is clear: a registrar built on products, powered by platforms, and defined by innovation”.

Continuing, he stressed that Coronation Registrars has positioned itself as a market leader by investing in digital solutions that address pain points for both shareholders and issuers.  

“Consider Coronation Self-Service, a digital system that has processed over 20,000 shareholder requests without requiring a single office visit. By automating routine processes, we save investors time and cost, while freeing our team to focus on more complex needs.

“Our flagship platforms, ShareholderLive and IssuerLive, are reshaping engagement on both sides of the market. ShareholderLive is a one-stop hub where retail investors can track dividends, view portfolio values in real time, access annual reports, and IssuerLive, on the other hand, gives companies unprecedented insight into share performance, insider trading patterns, and shareholder behaviour—tools that are vital for strategic decision-making”.

Commenting on Bond Processing Automation earlier introduced by Coronation this year, he said : “   We launched Nigeria’s first fully automated bond processing workflow, covering everything from onboarding to computation and e-payment notifications. This end-to-end system eliminates manual delays, calculation errors, and fragmented investor communications.  

For issuers, it means faster turnaround times. For investors, it means greater transparency and confidence. For the market, it represents a significant step forward in infrastructure modernisation.

This milestone was achieved alongside our ISO 9001:2015 Quality Management Certification, a recognition of our long-term commitment to operational excellence and continuous improvement. Together, they reflect our belief that being a registrar is not just about maintaining records it is about creating value.”

Commenting on shareholders participation at annual meetings, Owoturo said: “With Coronation virtual, we have transformed how Annual General Meetings (AGMs) are conducted. 

No longer are shareholders limited by geography; they can now register electronically, join meetings remotely, vote in real time, and follow proceedings through data-friendly streaming. 

This innovation guarantees inclusivity and safeguards shareholder rights. 

Upcoming enhancements, such as proxy voting guidelines and instant engagement tools, will take transparency and participation to new heights.

“These advances are not theoretical. Our track record speaks for itself. From managing one of Nigeria’s largest IPOs for MTN to executing seamless hybrid AGMs for Access Bank and Aradel, Coronation Registrars Limited has consistently delivered precision, innovation, and trust at scale”.

The post Why we must drive Africa’s capital market with technology — Owoturo appeared first on Vanguard News.

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LPG: FG targets 5m homes for cooking gas transition — Ekpo

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•Says Nigeria’s development hinges on gas utilisation

By Ediri Ejoh

The Federal Government has reaffirmed its commitment to expanding gas utilisation, saying it is targeting five million households to transition from firewood, kerosene and other biomass fuels to Liquefied Petroleum Gas (LPG) as part of efforts to cut carbon emissions and improve public health.

Speaking at the 2026 Nigeria Oil and Gas (NOG) Conference and Exhibition, the Minister of State for Petroleum Resources (Gas), Ekperikpe Ekpo, said Nigeria’s economic development depends largely on harnessing its vast gas resources.

According to him, “Nigeria sees gas as its transition fuel. We are not opposed to the global energy transition, but every country must transition based on its available resources. For Nigeria, that resource is natural gas.”

He added, “Gas is essential because its utilisation cuts across power generation, industrialisation, fertiliser production, household energy and transportation. Gas is the solution for Nigeria. That is why Mr. President created the office of the Minister of State for Gas and provided incentives under the Petroleum Industry Act (PIA) to deepen gas utilisation.”

Ekpo said, “In the past, gas was undervalued, but today it has become central to addressing climate change. We are intentionally deploying technologies that reduce carbon emissions through greater gas utilisation.”

He further stated, “Under the Decade of Gas Initiative, we have identified key projects that will bring gas closer to Nigerians. We are targeting about five million homes to switch from firewood, kerosene and biomass to LPG. This will improve household health while reducing carbon emissions. We are driving this because Nigeria has enormous gas reserves.”

Also speaking, the Minister of State for Petroleum Resources (Oil), Heineken Lokpobiri, said ongoing fiscal and sector reforms have strengthened investor confidence.

He said, “Nigeria is strategically positioned for growth. Investors can be assured that their capital is safe and will generate returns. We are positioning the country for global competitiveness.”

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FG suspends enforcement of new internet platform, digital economy regulations 

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By Progress Godfrey

The Federal Government has suspended the enforcement of new regulations affecting internet platforms, online intermediaries and other cross-cutting digital economy issues pending the completion of a national policy review.

The directive was contained in a statement issued by the Minister of Communications, Innovation and Digital Economy Dr Bosun Tijani, on Tuesday, after a strategic meeting with the leadership of the Nigerian Communications Commission (NCC), National Information Technology Development Agency (NITDA), and Nigeria Data Protection Commission (NDPC).

Tijjani said the decision aimed to maintain the current regulatory position while work continues on a harmonised national policy and governance framework for the digital economy.

He explained that the rapid growth of the digital economy has created overlaps in the responsibilities of sector regulators, making closer coordination necessary to provide legal certainty and support investment, innovation and consumer confidence.

As part of the directive, agencies have been asked to defer the implementation or enforcement of any recently issued regulation, code, guideline, framework, directive or administrative requirement relating to internet platforms, online intermediaries and other cross-cutting digital economy issues that are under policy harmonisation.

Tijani said: “The existing regulatory status quo shall be maintained with respect to matters relating to internet platforms, online intermediaries and other cross-cutting digital economy issues currently undergoing inter-agency policy harmonisation under the Ministry’s coordination.

“Relevant agencies are to defer the implementation or enforcement of any recently issued regulation, code, guideline, framework, directive or administrative requirement relating to Internet platforms, online intermediaries or other cross-cutting digital economy matters, to the extent that such provisions concern areas currently undergoing policy harmonisation under the Ministry’s coordination.

“The above direction is without prejudice to the statutory responsibilities of the respective institutions. Accordingly, all other provisions of existing regulations, guidelines, codes and directives that fall squarely within the express mandates of the relevant agencies under extant laws shall remain fully operational and enforceable, provided they are consistent with the policy direction issued by the   Minister.” The minister also announced the establishment of a Joint Technical Coordination Committee comprising representatives of the NCC, NITDA and NDPC under the Office of the Minister.  

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Dangote Cement targets 20% emissions cut, expands capacity to 80mtpa

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By Yinka Kolawole

Dangote Cement Plc has unveiled plans to cut net carbon dioxide (CO‚ ) emissions intensity by 20 per cent while expanding production capacity to 80 million tonnes per annum (mtpa) by 2030, as it pursues its ambition of becoming Africa’s most sustainable and globally competitive cement producer.

Presenting the company’s 2025 Sustainability Scorecard at its 17th Annual General Meeting in Lagos, Chairman, Emmanuel Ikazoboh, said sustainability has become a core business strategy driving growth, competitiveness and long-term value creation across its African operations.

He disclosed that the company has approved a new decarbonisation roadmap, including migrating virtually its entire Nigerian truck fleet to Compressed Natural Gas (CNG) by 2027, excluding the Gboko plant, while electric trucks will be introduced from 2026.

Ikazoboh also said the company is expanding port infrastructure at Apapa, Onne and Lekki to strengthen export capacity, while pursuing investments that will increase installed production capacity to 80mtpa by 2030, including new operations in Botswana and Zimbabwe.

On environmental performance, he said Dangote Cement has reduced CO‚  emissions intensity by 6.5 per cent from its 2021 baseline, cut energy intensity by 1.7 per cent, lowered overall energy consumption by four per cent and reduced water use by eight per cent through increased deployment of alternative fuels, energy-efficient technologies and lower clinker production.

According to him, the company also co-processed over 437,000 tonnes of waste as alternative fuel, reducing dependence on fossil fuels and improving resource efficiency.

Ikazoboh added that Dangote Cement created 625 direct green jobs during the year, increased social investment spending by 56 per cent, raised graduate trainee recruitment by 74 per cent and invested N2.1 billion in employee training.

He said the company also strengthened its ESG framework with new Artificial Intelligence Risk Management, Biodiversity and Disability Inclusion policies, while integrating 297 local vendors into its ESG-focused supply chain programme, positioning it for sustainable growth and supporting Africa’s low-carbon industrial transition.

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