Nigeria: A 'No' Vote By Shareholders

22 May 2019

Shareholders have kicked against the proposal by the Securities and Exchange Commission to stop the distribution of gifts by listed companies during their Annual General Meetings.

Since the stock market downturn of 2018 and 2009, when investors recorded huge losses, it has been difficult for the market to witness high patronage. Regulators have been trying to restore investor confidence to the market.

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