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List of Dividends announced so far in 2020 (September)

List of Dividends announced so far in 2020 (September)



Dividends announced on the Nigerian stock exchange

As audited accounts start to trickle in, companies will propose dividend payments to their shareholders as recommended by their respective boards of directors. It is also important to track these announcements to know who is eligible to collect the dividend, when it will be approved and when it will be paid. Dividend payment also affects share prices.

This page will be updated from time to time.

READ ALSO: Updated: Gender Balance, looking at the board composition of top banks on the NSE


Date Announced – The date the company announced dividends evidenced by a corporate action published on the website of the NSE.

Qualification date – Shareholders who own shares as of this date will receive dividends. If you buy shares and want to receive dividends make sure it is at least three days before this date. Shares get transferred to you on the basis of the T+3 rule (the date you bought plus 3 working days).

GTBank 728 x 90

Payment date – This is when the dividend will be paid to you, either via post (dividend warrants) or direct credit to your bank accounts (e-dividend).

Calculate Dividends

Closure of Register – Only shareholders who own shares listed in their register before this date will be paid dividends.

You can also scroll sideways to view the rest of the columns if using a mobile phone.

READ MORE: How to read stock market tables

2020 Dividends from companies quoted on the Nigerian Stock Exchange

CompanyDPSDate AnnouncedBonusClosure of RegisterAGM DatePayment DateQualification date
Access Bank PlcN0.25k3rd September 2020Nil18th September 2020Nil28th September 202017th September 2020
11 Plc (Updated)N8.2528th May 2020Nil30th Sept - 5th Oct 202014th October 202015th October 202029th Sept 2020
Zenith bank PlcN0.30k3rd September 2020Nil17th September 2020Nil22nd September 202016th September 2020
Guaranty Trust Bank PlcN0.30k2nd September 2020Nil16th September 2020Nil21st September 202015th September 2020
Stanbic IBTC Holdings PlcN0.40k2nd September 2020Nil16th - 23rd September 2020Nil30th September 202015th September 2020
Learn Africa PlcN0.05k1st September 2020Nil5th - 9th October 202015th October 202016th October 20202nd October 2020
United Bank for AfricaN0.17k1st September 2020Nil16th September 2020Nil23rd September 202015th September 2020
Tripple Gee & Company PlcN0.055k12th August 2020Nil1st - 4th September 202016th September 202022nd September 202031st August 2020
Lasaco Assurance PlcN0.05k14th August 2020Nil1st September 202015th September 202022nd September 2020
Linkage Assurance PlcNil26th June 20201 for every 4 shares20th - 24th July 202013th August 2020NA17th July 2020
Smart Products Nigeria PlcN0.10k30th June 2020Nil27th - 31st July 202027th August 20203rd September
University Press PlcN0.15k10th June 20201 for every 13 shares25th September 20205th November 20205th November 2020
AIICO InsuranceNil10th June 20201 for every 13 shares29th June - 3rd July 2020To to be communicatedNA25th June 2020
Red Star Express PlcN0.35k28th August 2020Nil21st - 25th September 20208th October 202015th October 202018th September 2020
Consolidated Hallmark Insurance PlcNil4th August 20201 for every 14 shares19th - 25th 202026th August 2020Nil18th August 2020
Custodian Investment PlcN0.10k29th July 2020Nil24th - 28th August 2020Nil1st September21st August 2020
SFS Real Estate Investment TrustN7.30 17th August 2020Nil7th - 11th September 2020Nil25th September 20204th September 2020
Northern Nigeria Flour Mills PLCN0.15k13th August 2020Nil25th - 28th August 20208th September 202010th September 202024th August 2020
Honeywell Flour millsN0.04k5th August 2020Nil17th - 23rd September 202030th September 202030th September 202016th September 2020
Presco Plc (Updated)N2.00k3rd June 2020Nil20th - 22nd July 20202nd September 20204th September 202017th July 2020
Cornerstone InsuranceNil4th August 20207 new shares for every 30 existing shares13th -17th August 2020NANA12th August 2020
Flour Mills of NigeriaN1.4k29th July 2020Nil17th August - 21st August 202010th September14th September 202014th August 2020
MTN Nigeria PlcN3.50k29th July 2020Nil17th August 2020NA24tb August 202014th August 2020
Cutix PLCN0.12K29th July 2020Nil16th - 20th November 202027th November 202030th November 202013th November 2020
C & I Leasing PLCN0.20k30th June 2020Nil14th - 16th July 202023rd July 202031st July 202013th July 2020
McNichols Consolidated Plc (Revised)N0.03k1st April 2020Nil2nd - 6th July 202030th July 20207th August 20201st July 2020
Dangote Sugar Refinery PlcN1.10k8th June 2020Nil22nd June 20209th July 2020within 48hrs after AGM19th June 2020
Jaiz bankN0.03k9th June 2020Nil29th June - 3rd July 202016th July 202016th July 202026th June 2020
UAC of Nigeria Plc (UPDATED)N0.10k20th April 2020Nil19th - 22nd May 202015th July 202016th July 202018th May 2020
Prestige Assurance PlcNil4th June 20202 New shares for every 11 existing shares22nd - 26th June 202030th June 2020N/A19th June 2020
Trans-Nationwide Express PlcN0.03k1st June 2020Nil6th - 10th July 202016th July 202020th July 20203rd July 2020
Nigeria Aviation Handling Company PLCN0.30k28th May 2020Nil1st - 3rd July 202016th July 202016th July 202030th June 2020
Skyway Aviation Handling Co. PlcN0.16k1st June 2020Nil17th - 23rd June 202030th June 202030th June 202016th June 2020
Glaxo SmithKilne Consumer Nig. PlcN0.55k22nd May 2020Nil23rd June - 2nd July 202023rd July 202024th July 202022nd June 2020
Airtel Africa0.0313th May 2020Nil6th July 2020Not applicable24th July 2020NA
Caverton Offshore Support Group PlcN0.20k22nd May 2020Nil16th June 202025th June 202025th June 202015th June 2020
Nigerian Breweries Plc (Revised)N1.51k20th May 2020Nil5th-11th March 202023rd June 202024th June 20204th March 2020
BUA CementN1.75k19th May 2020Nil28th Sept - 2nd Oct 202022nd October 202023rd October 202025th September 2020
NASCON Allied Industries PlcN0.40k13th May 2020Nil15th - 16th July 202027th July 202029th July 202014th July 2020
Total Nigeria PlcN6.7113th May 2020Nil5th - 11th June 2020to be announced24hrs after meeting4th June 2020
Cadbury Nigeria PlcN0.49k13th May 2020Nil25th - 29th May 202024th June 202025th June 202022nd May 2020
May and Baker PlcN0.25k13th May 2020Nil27th - 29th May 20204th June 20208th June 202026th May 2020
NPF Microfinance Bank PlcN0.20k11th May 2020Nil17th - 22nd June 202030th June 202030th June 202016th June 2020
Okomu Oil Palm PlcN2.0023rd April2020Nil19th - 22nd May 202028th May 202029th May 202018th May 2020
Lafarge Africa PlcN127th April 2020Nil4th - 8th May 20203rd June 20203rd June 202030th April 2020
Wema Bank PlcN0.04k23rd April 2020Nil7th - 12th May 202018th May 202018th May 20206th May 2020
Union bank of NigeriaN0.25k13th April 2020Nil27th - 30th April 20206th May 20206th May 202024th April 2020
FBN HoldingsN0.38k6th April 2020Nil21st - 22nd April 202027th April 202028th April 202020th April 2020
Lafarge Africa PlcN1.00k6th April 2020Nil4th - 8th May 202026th May 202026th May 202030th April 2020
Ikeja Hotel PlcN0.023rd April 2020Nil2nd - 8th July 202030th July 20207th August 20201st July 2020
NEM InsuranceN0.15k1st April 2020Nil4th - 8th May 2020to be announcedto be announced30th April 2020
FCMB Group PlcN0.14k31st March 2020Nil15th - 17th April 202028th April 202028th April 202014th April 2020
Beta Glass Nigeria PlcN1.67k30th March 2020Nil15th - 19th June 20202nd July 20203rd July 202011th June 2020
Capital Hotel PlcN0.05k26th March 2020Nil20th - 24th April 202027th May 20203rd June 202017th April 2020
Sterling bank PlcN0.03k26th March 2020Nil5th - 8th May 202020th May 202020th May 20204th May 2020
Boc GasesN0.30k26th March 2020Nil8th - 10th June 202025th June 202026th June 20205th June 2020
Fidelity Bank PlcN0.20k23rd March 2020Nil20th - 24th April 202030th April 202030th April 202017th April 2020
Seplat Petroleum Dev. Company Plc0.0523rd March 2020Nil13th May 202028th May 20204th June 202012th May 2020
Julius Berger Nig. PlcN2.75k13th March 20200.0021st to 3rd June 202018th June 202019th June 202029th May 2020
Nigeria Energy Sector Fund (NESF)N75.0010th March 2020Nil20th March 20206th April 202019th March 2020
Access Bank PlcN0.40k6th March 2020Nil15th April 202030th April 202030th April 202014th April 2020
Nestle Nig PlcN45.00k28th February 2020Nil18th - 22nd May 20202nd June 20202nd July 202015th May 2020
Stanbic IBTC Holdings PlcN2.005th March 2020Nil19th - 26th March 202030th June 202018th June 202018th March 2020
Guaranty Trust Bank PlcN2.50k2nd March 2020Nil19th March 202030th March 202030th March 202018th March 2020
United Bank of AfricaN0.80k2nd March 2020Nil16th - 20th March 202027th March 202027th March 202013th March 2020
Transcorp PlcN0.01k28th February 2020Nil18th - 23rd March 202025th March 202027th March 202017th March 2020
MTN Nigeria PlcN4.97k28th February 2020NilFebruary 16, 19008th May 202019th May 202017th april 2020
Transcorp Hotels PlcN0.07k28th February 2020Nil13th-17th March 202024th March 202026th March 202012th March 2020
United Capital PLCN0.50k18th February 2020Nil9th-13th March 202024th March 202026th March 20206th March 2020
Infinity Trust Mortgage Bank PLCN0.035K30th January 2020Nil9th-13th March 20207th May 202014th May 20206th March 2020
Zenith bank PlcN2.50k21st February 2020Nil10th March 202016th March 202016th March 20209th March 2020
Africa Prudential PlcN0.70k25th february 2020Nil9th-13th March 202023rd March 202023rd March 20206th March 2020
Dangote Cement PlcN16.0025th february 2020Nil26th May 202015th June 202016th June 202025th May 2020
January 1, 1970

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Nairametrics Research team tracks, collates, maintains and manages a rich database of macro-economic and micro-economic data from Nigeria and Africa. Our analysts share some of the data collated on Nairametrics, using formats such as docs, tables and charts etc. The team also publishes research based analysis as articles on a regular basis.



  1. Azubogu Adaeze Ebele

    March 25, 2019 at 9:21 am

    When is oando paying dividend?

    • Emmanuel Abara Benson

      March 25, 2019 at 9:53 am

      Hello Ebele, how are you?

      Many people are asking the same question. In the meantime, we all wait and see.

    • Ukwubuiwe, A.J.

      August 4, 2020 at 12:00 pm

      The question, when is Oando paying dividend has remained unanswered till dated. Please let us know when it will be paid.

  2. Anonymous

    March 25, 2019 at 10:38 am


    • Anietie okon edem

      November 6, 2019 at 6:58 am

      I have not received dividend for over 5 years. Pls what should i do to recover all my arrears.

      • Anonymous

        November 26, 2019 at 11:35 pm

        Process e-dividend and you will always receive it automatically.

      • Anonymous

        November 26, 2019 at 11:37 pm

        Do e-divided na

      • Anonymous

        March 9, 2020 at 10:45 am

        If you haven’t received your dividend. Two things are involved. Either you have not given a mandate for your dividend to be paid into your bank account or you do not have a CSCS Account yet. Locate a Broker so you could be put through.

      • Simon

        March 17, 2020 at 8:04 pm

        Get to your bank and get the mandate form from all your registrars then contact your broker for transfer form then submit transfer form to your broker and mandate form to your bank

      • Tarunkantichakraborty

        April 3, 2020 at 7:34 pm


    • Mark Ani

      March 26, 2020 at 3:01 pm

      What I do to dematerialise my share certificates? Please get me a good stock broking firm with an office in Calabar.

    • Micah Nwaokocha

      March 31, 2020 at 1:34 pm

      When is First Bank Plc paying dividend

      • Anonymous

        April 27, 2020 at 4:25 pm

        28th april

  3. ThankGod Cliff Wosu

    March 25, 2019 at 12:35 pm

    Pls how can i get access to the list of the announced participants

    • Irokanjo chika Fidelis

      April 21, 2020 at 11:57 am

      Those of us who did not receive our dividend warrant from zenith bank because we did not fill the e- mandate form on time, what do we do to get it paid?

      • Anonymous

        April 28, 2020 at 1:16 pm

        Do your E-dividend stuff and /or contact Zenith bank registrar (ie Veritas registrars). Visit the Veritas registrars website for more details and guidance.

  4. Obozuwa

    March 26, 2019 at 8:47 am

    Have not received mine too from Nigerian brewery since last two years

  5. Eden

    March 27, 2019 at 8:40 am

    Yes, this is absolutely a commonly used strategy. Back up the truck whenever the prices of dividend aristocrats are depressed, and reinvest dividends.

  6. Anonymous

    March 27, 2019 at 12:35 pm

    Oando plc. Please remember we invested our money. Kindly pay dividend

    • Adekunle Adenigbagbe

      April 15, 2020 at 2:46 am

      Dear Nairametics. Please i seems not to understand the differences between Closure of registrar and qualification date. Kindly shed more light. Thanks.

  7. Kingso

    March 27, 2019 at 6:25 pm

    When is share price devalued? Is it before or after payment date?

    • Anonymous

      August 22, 2019 at 8:58 am

      Is after payment.

  8. Anonymous

    March 28, 2019 at 12:05 am

    When is GTB paying the final dividend of 2018 FY?

  9. Adeoye David

    March 28, 2019 at 6:07 pm

    ETI had not paid divident for awhile. Why?

    • Ademola

      February 19, 2020 at 1:18 pm

      Ucap’s 50k dividend per share is 22% of my cost per share. I love downtrends & pull backs😎.

      I hope FUGAZ will follow suite…

      • Joseph Okpoye

        April 21, 2020 at 8:32 pm

        Ucap could do better

  10. Okedairo Shefiu Ayodele

    March 29, 2019 at 2:30 pm

    Please I want to be received mail anytime companies want to pay dividends

    • Shefiu Ayodele Okedairo

      March 17, 2020 at 12:34 pm

      Please I want to be receiving email alert whenever companies want to pay dividends

  11. Anonymous

    April 9, 2019 at 10:58 am

    Please what is the easiest way to register for e dividend payments. I have not receive some of my dividend

    • Onome Ohwovoriole

      April 9, 2019 at 11:16 am

      Search for the registrar of the company in question and fill the required e dividend form.

    • david

      September 14, 2019 at 2:47 pm

      talk to your broker to give you dividend mandate form to fill and he will then submit it on your behave to your stock company registrar.

    • Adebayo Olayinka

      March 6, 2020 at 6:00 pm

      How can l get a broker that would advice me on secondary market dangote shares?

  12. Ademola Adejumobi

    April 9, 2019 at 3:23 pm

    Is it true that NSE or whatever body is in charge has lifted ban on payment of dividend by letter till the end of 2019? When is First bank paying dividend?

    • Onome Ohwovoriole

      April 10, 2019 at 4:23 pm

      No it has not. First Bank is yet to release its 2018 full year results. The bank has however promised to do so on or before the 30th of April, 2019.

  13. Dr Ilemobayo Ajimisinmi

    April 10, 2019 at 8:00 am

    Bemused games being played by registrars,cscs,companies, biometrics, account numbers of share holders are in their keep, keep tossing hapless share holders to& fro like a yooyoo?

  14. Ogochukwu

    April 10, 2019 at 10:13 am

    how do i get my dividends from Japaul Oil & Maritime Services Plc, bought their shares in 2007.

    • Onome Ohwovoriole

      April 10, 2019 at 4:21 pm

      Good Afternoon. You would have to contact the company’s registrars to find out if Japaul has paid dividends since then.

    • Modupe

      August 14, 2020 at 9:59 pm

      Japaul oil have not given dividend, I went their this July 2020 to collect my daughters dividend I was told the company didn’t make profit.

  15. Olowookere Philip

    April 10, 2019 at 11:53 am

    Please, can someone tell DAAR Communication to explain why it has refused to pay dividends all these years. This should not be a way rich people should continue to defraud the public. Enough of this 419 by DAAR Communication. By

    • david

      September 14, 2019 at 2:49 pm

      Because they are not making profit all these years. check their balance sheet and see, they are on a losing streak.

  16. Victor Ugwu

    April 10, 2019 at 4:40 pm

    When is First bank holdings declaring their own bonus or divided?

    • Onome Ohwovoriole

      April 10, 2019 at 6:08 pm

      Good Evening. FBN Holdings will release its results on or before the 30th of April, 2019


    April 10, 2019 at 10:12 pm

    When is Japaul Oil and Stanbic IBTC holding their AGM’S.

  18. Akinola-ige abimbola olayemi

    April 11, 2019 at 11:24 am

    Please when is Gtb paying dividend for year 2018

  19. Anonymous

    April 12, 2019 at 8:15 pm

    Good evening ONOME. Pls, what is happening to Courtiville Business Solutions Plc. Is it that they have decided not to be paying dividend to their shareholders after making PAT or what? They should pls let us know…. and also let them know that they should start doing that no matter how small it is..

  20. Anonymous

    April 12, 2019 at 8:20 pm

    Please Nairametrics, when are we expecting dividend payment from Standard Alliance Insurance plc. I thought they said they used 2018 for shares reconstruction and will definitely pay dividend by 2019.

    • Alfred Akuki

      April 15, 2019 at 11:56 am

      The company is yet to release its results for FY2018.

  21. Anonymous

    April 12, 2019 at 8:23 pm

    Pls when is Unity and Union Bank Plc declare dividend?

    • Alfred Akuki

      April 15, 2019 at 11:55 am

      We will let you know once they declare a dividend.

  22. Anonymous

    April 12, 2019 at 8:25 pm

    Pls ONOME, when is Lafarge gonna declare dividend? Reply…

    • Alfred Akuki

      April 15, 2019 at 11:54 am

      Hi, unfortunately, Onome doesn’t work at Lafarge Africa or have such information kindly wait till the company declare a dividend. Once they do we at Nairametrics (including Onome) will be quick to inform you. Thank you.

  23. Anonymous

    April 15, 2019 at 6:45 pm

    Good evening Alfred. Pls why has Courtiville Business Solutions Plc not declared dividend 4 some years now, when and where is their AGM date.

    • Alfred Akuki

      April 16, 2019 at 11:58 am

      A company will only pay dividend when they make money and as for their AGM, once they come out with the information will let you know with an article.

  24. Anonymous

    April 18, 2019 at 7:00 pm

    Good evening Alfred. How many times in a year can a company declare dividend?

    • Emmanuel Abara Benson

      April 18, 2019 at 7:09 pm

      Hi there. Alfred isn’t here right now…

      Note that most Nigerian companies typically pay dividends once every year. Some also do pay what they like to call “bonus dividend”.

      Meanwhile, elsewhere, companies can pay dividends to shareholders every quarter. What this means is that you could get paid four times in a year. But then again, this seldom happens in Nigeria.

      Have a good night.

    • Alfred Akuki

      April 19, 2019 at 4:16 pm

      In addition to Emmanuel said, some companies in Nigeria pay an interim dividend and a final dividend. As for bonus, it is at the company’s discretion.

  25. Akinsola Samuel .O

    April 22, 2019 at 10:55 pm

    Any information on universal insurance company pls.
    May i know the current registrar and the functioning email address?

    • Alfred Akuki

      April 23, 2019 at 2:53 pm

      Hi Akinsola, you will have to contact Universal Insurance directly.

  26. Felicia O. Kalu

    April 23, 2019 at 11:03 am

    invested my money in ubn shares but has not received

  27. Felicia O. Kalu

    April 23, 2019 at 11:13 am

    When will ubn declare it’s dividend like other companies?

    • Alfred Akuki

      April 23, 2019 at 2:52 pm

      Hi Felicia, Union Bank will notify the investing public once they declare a dividend. Though the bank has not declared dividend for long.


    April 24, 2019 at 12:22 pm


  29. Anonymous

    April 26, 2019 at 7:25 am

    Good morning, please where is the location for Aiico insurance AGM?

  30. Felix Offiong

    May 3, 2019 at 11:27 am

    Greatings all! I have NSE stock portfolios online with Nigerian Stockbrokers but dispite submitting the E-DIVIDEN MANDATE forms (Zenith, GTB, Access Bank) . No payment has been made, same with Access-Diamond Banks merger cash consideration. Please does anyone have this experience or solution? Kindly hint. Thanks

    • Felix Offiong

      May 6, 2019 at 6:24 pm

      Thank you so much!

  31. Anonymous

    May 3, 2019 at 11:34 pm

    Hi Felix. Where did you submit your e-dividend mandate form? If it’s @ d bank (ZENITH where I did mine), they scanned the e – dividend mandate forms filled immediately to the registrars & within one week, I got SMS from them. Some registrars even called me to clerify certain things. I suggest you either go do it again @ d your bank or registrar’s offices & make sure all your data are correct. I promise you, you’ll be credited & even with all your outstanding dividend.

    • Felix Offiong

      May 6, 2019 at 6:24 pm

      Thank you so much for.

  32. Anonymous

    May 3, 2019 at 11:37 pm

    Again Felix, Make sure you attach your passport photo..

  33. Felix Offiong

    May 6, 2019 at 6:26 pm

    Am very grateful and I’ll do as you say. Thanks.

    • Me

      July 30, 2019 at 8:29 pm

      It’s commendable that Nairametrics directly responds to comments. Keep it up

      • Alfred Akuki

        July 31, 2019 at 9:39 am

        We make it a priority to do so. Thanks for trust us.

  34. Felix Offiong

    May 6, 2019 at 6:38 pm

    Also please any ideas about the Access-Diamond Merger cash consideration.? The Registrar ( United Securities) said that they have sent the account on the e-mandate details to NIBSS platform for confirmation and that was over a month ago. Up till now, nothing. Wondering if anyone here has received the cash consideration or have similar experience. Please kindly relate. Thank you.

  35. Anonymous

    May 7, 2019 at 9:00 pm

    Hi Mr Felix. Just try do your e – mandate first as I’ve told u. If NIBSS confirms you, UNITED SECURITIES will credit your account for DIAMOND BANK consideration from ACCESS BANK. I still advice you, go to the registrars office if you have time, do your e – mandate & also tell them about the merger cash consideration. If your work does not give u time, or u’re not in LAG, do it @ d bank, call the registrars office, they ‘ll still attend to you OK. Your money is intact. So don’t panic alright..

    • Felix Offiong

      May 9, 2019 at 9:56 pm

      Thanks for the very helpful tips. Be blessed.

  36. Anonymous

    May 7, 2019 at 9:06 pm

    Good evening Alfred and Emmanuel. Pls, has COURTIVILLE BUSINESS SOLUTIONS declared or about to declare dividend? I noticed their shares are going up.

  37. Anonymous

    May 31, 2019 at 10:08 pm

    Lafarge Africa ought to drop their FYE 2018 result today based on their communication to NSE. Is there a reason why the result is not out??

  38. Jacob Aigbokhan

    June 11, 2019 at 6:22 pm

    Please why is Presco’s report not out yet?

  39. Greatwood

    June 12, 2019 at 1:31 am

    Please has anyone heard or received GSK dividend from GTL Registrars?
    GSK had their AGM on 23rd of may and dividend to be paid on 24th of same month but their registrar GTL is neither paying the dividend nor responding to investors email.
    I emailed gtl on 27th of may and days after till today, they dont want to respond to me and they have not paid my dividend.
    Is there any problem?

  40. Anonymous

    June 18, 2019 at 2:17 pm

    Good day, has Honeywell declear Dividend for the year2019?

  41. Anonymous

    June 18, 2019 at 2:26 pm

    Has Wapic declear Dividend for the year 2019 and when and where is the location for AGM?

  42. Martin Ikpong

    June 20, 2019 at 11:49 am

    Please send me the details.

  43. Pa. Olu. Ajayi

    July 3, 2019 at 2:55 am

    Onome, the services, (informative and educative ) being rendered by you and team of Experts on this Nairametrics platform is highly commendable. You should keep it up.

  44. Anonymous

    July 5, 2019 at 3:37 pm

    Please does anyone know if MUTUAL BENEFITS ASSURANCE PLC has declared any dividend for year ended 2018? Please kindly inform.
    Thank you.

  45. Odufeso Olalekan

    July 28, 2019 at 5:32 am

    Good day, the VAT not extended, please how dose it affect investors like me putting token, ist charges from the 5percent or I will b charge separately after 5percent charges? Kindly enlighten me please. Waiting for ur response thanx.

  46. Ola Ilesanmi

    July 30, 2019 at 5:03 pm

    Kindly help me to ask Wema Bank why the dividends of investors are not PAID up till now after a decade and a half year of insolvent
    Ola Ilesanmi

  47. Ola Ilesanmi

    July 30, 2019 at 5:26 pm

    I have a number of shares of NACHO and Legacy Funds but Cornerstone Registrars refused to remit my dividends to my bank account .
    I am aware of formalising e-dividend formalities which I have done as at when it commenced .
    It is equally important to note that same registrar pays my dividends in FCMB , LAFRAGE WAPCO , as well as ancient Skye bank .
    It is absolutely worrisome that the registrars in question don’t pick calls or reply mails put across their portals . They the Registrars in question have been behaving as such when they they were called City Securities , I am a clients to First Registrars , United Securities , Veritas Registrars , African Registrars , GTL Registrars ,Meristem Registrars etcatera who give normal and regular responses as requested .
    Nairametrics , you are wonderful and helpful

    • Alfred Akuki

      July 31, 2019 at 9:37 am

      Hi Ola, sorry for the experience you have had with your registrar. I will advise you to visit their office and get things sorted out.

  48. Ola Ilesanmi

    July 30, 2019 at 5:33 pm

    I made a mistake of name in my last two posts .
    I actually mean CARDINAL STONE REGISTRARS formally called City Securities not Corner Stone
    Please .
    Thanks to Nairameyrics

  49. Ola Ilesanmi

    July 31, 2019 at 11:35 am

    Kindly help me to ask Wema Bank why the dividends of investors are not PSID up till noe after a decade and half year of insolvent
    Ola Ilesanmi

  50. Ola Ilesanmi

    July 31, 2019 at 11:59 am

    Alfred Akuki
    Thanks may God bless you mightily .
    Have I paid for your prompt reply ? No !
    That’s the best modern business methodology to address issues .
    I put this across in order to share my experience with Cardinal Stone Registrars .
    My issues predated era of mandate e-dividend . If not for the interest I have for a few companies I have with cardinal stone registrars , I got things sorted out with cardinal stone registrars after the Securities and Exchange Commission compelled them to do the needful .
    They are recalcitrant and very careless with investors commitment .
    I will not visit them .
    I will drag them to the Securities and Exchange Commission or Investment Tribunal and I will win them with apology from them .
    I certainly owe Naira metrics Ltd a lot of indebtedness of commendable appreciations . Thanks a great deal

    • Alfred Akuki

      July 31, 2019 at 6:05 pm

      Hi Ola, it gives us great joy that we were able to render assistance to you.

      • Soji

        February 25, 2020 at 5:18 pm

        Pls, if I want to know the what of my shaers, how can I go by it? and in case I want to sell it,how do I do it?

  51. Jacob Aigbokhan

    August 3, 2019 at 9:27 pm

    Please presco said they will pay dividend on the 29th and yet I have not received mine, just want to know if they actually paid anybody any dividend?

  52. Anonymous

    August 9, 2019 at 5:07 pm

    Please any information about linkage Assurance Plc dividend payout for FYA 2018?

  53. Ubong Mkpesit

    August 15, 2019 at 3:19 pm

    Hi, Nairametrics. Thanks for the good work you people are doing. Please I need a mobile number or email of any of your staff I can communicate with for some business discussions. Thanks.

  54. Okunlola Toyin

    August 21, 2019 at 7:57 pm

    GT Bank and Zenith Bank just declared an interim dividend this august and it has not been included in your compilation.Thank you for the good work you have done.

  55. Ola Ilesanmi

    August 27, 2019 at 12:10 pm

    I don’t actually know what investors will return as gains as from next January if an investor pays
    1.statutory Charges on equities subscribed @ 3.9% per transaction
    2. VAT on investment 5% per transaction
    3. VAT ( the percentage yet to be declared by IFRS ) on online transactions within or outside the country . One should understand that dividends are now transmitted electronically .per dividend
    4 . You are going to pay stamp duty of #56.5 per lodgement
    5. A minimum charge of #50 for ATM maintenance .monthly .
    Company : Timber PLC
    Cost per unit : #4
    Buying 1000 units is equal to #4000
    Brokerage charge at 3.9%= #156
    VAT on investment at 5% = #200
    VAT on dividends say at 5%#200
    Stamp duty charge at #56.5
    ATM monthly service at #50
    TOTAL. #656.5
    .45kobo per share translating to #(.45×1000units) ÷ 100 = #450
    Therefore an investor’s is equal to -#246.5 !
    Even if you have your name in Forbes as a captain of industries , the above is still outside infrastructural maintenance , tariffs , EPA , staff salary etcetera that is if the above example is to be in multiple of millions , billions , trillions say for a multi national company .

    • Joseph

      March 6, 2020 at 8:12 am

      This analysis is wrong and can be misleading.
      Brokerage charge is 1.35% of total value, while VAT is not computed on total value but on the brokerage charges.
      Using your illustration for Timber PLC, the transaction would look like this:
      Brokerage charges (1.35%) = #54
      VAT on brokerage (7.5% on Charges) = #4.05
      Stamp duty (0.075%) = #3
      Sec Fees (0.3%) = #12
      Total = #77.35
      ATM monthly service is not an NSE charge
      With a dividend of #450 and VAT of 10% being deducted = #405
      Hence, you have #327.65 profit from this #4000 investment.
      Your last comment isn’t necessary at all.
      All the best!

      • Chuks Okaonye

        April 14, 2020 at 12:31 pm

        Well, I may not be good in maths but I know when I’m making money and certainly know my numbers.. revenue, gross profit and net profit.

        I have invested about N40 million naira in our stock market since year 2001… Mainly in the banking sector. As of today, that money is remaining about 17 million naira including all the dividends received.

        Nigeria stock market is rigged and a scam to say the least.

        Likewise, the $60,000 I invested in mutual funds in USA in year 2001, today is worth almost $550,000 ..

        Anybody who have money for investment should invest in developed economies.

        • Adekunle Adenigbagbe

          April 15, 2020 at 3:14 am

          Wow. This really got to him. So sorry for your lose Mr. Okaonye. I just started my career in the financial sector with an 100k salary and i am just contemplating on the environment to invent and saw your timely comment, i will make further research and i hope I don’t make a wrong investment. Thank you once again for the comment. I wish you the best.


    October 7, 2019 at 9:13 pm

    Everyday oando is the largest company in Africa. but of to now no any dividend or bonus many years ago.

  57. Fatai

    October 30, 2019 at 8:10 pm

    Pls when register say ur dividend is send to cscs and I did not buy the share from second market I buy the share at public offer pls what can I do

  58. Debby

    December 28, 2019 at 10:09 am

    Please when is Nigerian Brewries paying dividends for the end of the year?

  59. Fortune

    January 12, 2020 at 9:29 am

    How can I receive my dividend without going through the registrars?

  60. Ikechi Iroegbu

    January 15, 2020 at 7:51 pm

    I love the way people respond to other people question. that is so so nice please guys keep the good info going.

  61. Abimbola

    January 17, 2020 at 9:08 am

    You can call the registrars (check for their number via their website) and ask them if you can submit your form to them via email. You can also confirm if your bank is still accepting forms for upload for the same purpose.

  62. Chinelo Ugwu

    February 18, 2020 at 4:46 pm

    Please release the list of dividends to expect this year. I always look forward to it.

  63. Chinelo Ugwu

    February 19, 2020 at 5:11 pm

    Thank you so much for responding. I appreciate.

  64. Azubogu Adaeze Ebele

    February 23, 2020 at 2:27 pm

    Is Oando progressing now or not

  65. Azubogu Adaeze Ebele

    February 23, 2020 at 2:46 pm

    Am feeling very bad about Oando for not giving dividend despite there promise last year to pay dividend this year if they are not forth coming with dividend pls let us know on time so I pull the money I invested there.

  66. Gemstone

    February 26, 2020 at 2:48 am

    I trust zenith bank they are d highest so far in banking industry followed by Gtbank…i must que in for this year although I be ashawo.i fuck and dumb meaning I buy get my dividend n sell…I just dey wait for baba NESTLE

  67. El Et

    February 28, 2020 at 11:44 am

    Thanks for the awesome resource placed on this page. Please the list does not scroll over to pages 2 to 6 so we are unable to really take advantage of the good work here shown. Many thanks

  68. Mr ojukwu Charles.

    March 2, 2020 at 4:01 pm

    Please my question is on IGI insurance. I invested during their private placements and till date I have not heard from them. Does it mean I have lost my money. Even up till now it has not been quoted in the stock exchange.


    March 3, 2020 at 12:52 pm

    for many years now. i have not being receiving divined from Access Bank.. i need help. i need their E-divined as to file and submit on line.

  70. BEN

    March 4, 2020 at 11:50 am



  71. Mayor

    March 4, 2020 at 1:08 pm

    Pls team, the above did not capture Vita foam released results. Thanks.

  72. BEN

    March 4, 2020 at 1:12 pm

    Dear Mr. Ola Ilesanmi;


  73. Joseph

    March 6, 2020 at 6:04 am

    Vitafoam is missing in the list

  74. Anonymous

    March 6, 2020 at 9:22 am

    I am no longer happy with Oando the way they are treating their shareholders, for some years now they have not paid dividend despite this they built gigantic headquarters in Victorian Island and the CEO is one of the highest paid executive in Nigeria today. The SEC should look into this matter, otherwise we the shareholder will take appropriate action o

  75. Anonymous

    March 6, 2020 at 9:42 am

    Oando had not paid dividend for some years now, shareholder seemed to be short changed On record oando within these periods built a giangatic head office in Victoria Island, on record the CEO is one of the highest paid in the in Nigeria today if is no making return why engaged in these spendings.I suggest the SEC should investigate this matter otherwise we the shareholders will take it up through legal processes.

  76. Anonymous

    March 6, 2020 at 5:32 pm

    Oando , has refused to pay dividends for the past five years. I see them investing and building up new branches. They should let us know..the money I invested as a still mine

  77. Ademola Akinsola

    March 9, 2020 at 1:25 pm

    Nairametrics previously quoted 0.25k as Access Bank plc 2019 proposed dividend, it was later changed to 0.40k after the company officially released their FY report.

    Nairametrics, where was the initial “misleading” quote gotten.

  78. Edu Oladapo

    March 10, 2020 at 10:29 am

    @Ademola Akinsola, Access Bank declared 25k as interim dividend while 40k for final dividend for FY2019


    March 11, 2020 at 1:16 pm


    • Obata

      March 18, 2020 at 7:32 pm

      Download app and buy from there

  80. KALU, O A

    March 19, 2020 at 11:45 am

    I paid N5,000.00 to buy Alstates Trust Bank shares. The bank folded up and my money was not refunded. What do I do? DAAR communication did an IPO many years ago.I bought the shares. Up till now no dividends. Absolutely disgusting.

  81. Emmanuel Olusegun Akerele

    March 21, 2020 at 10:59 am

    No good things work in Nigeria, I bought UBA shares many years back from secondary market through Marriot Securities & Broker Ltd, I perfected everything, I mean, I did all documentation and even registered my CSCS Account through the company, now, when it is time for me to receive my dividend, Prudential, the company in charge of UBA now told me that they don’t have my signature, so, I have to get a form and sign it in my bank which I did and return it to them with #1,500 which I said I can’t afford. Please, is there any means to solve this issue? It’s because am thinking of notifying Nigeria Stock Exchange and other regulatory bodies. Emmanuel Olusegun Akerele.

    • Anonymous

      April 28, 2020 at 2:26 pm

      Hello Mr. Akerele

      The stock market actually works in Nigeria irrespective of some challenges which can actually be resolved. Signature confirmation is necessary if your signature becomes irregular or was not sent to the registrar along with other details at the time you bought the shares. Don’t forget you bought through your broker (secondary market) and you had no account with Africaprudential registrars previously so they need to identify you properly. There are some charges for some registrar services. So I don’t think there is need to report the registrar to anyone. Just confirm your signature with your bank and pay the prescribed fees to get the dividend and subsequent ones in the future.
      Thank you.


    March 23, 2020 at 12:47 pm

    Emmanuel Olusegun Akerele, currently you don’t need since your hold to panic your stocks are intact,your broke Marriot Securities would have guided u properly, i believe the registrar is claims irregular signature which you have to regularize it with your bank, you can get paid or you simply apply for change in signature but which would demand for the old one that you aren’t sure of. Simply get your signature regularized with you bank.

  83. Okweri Moses Jonah

    March 25, 2020 at 7:29 am

    When is First Bank Nigeria plc, likely to hold their AGM for 2019 financial ending. As share holder,based on their performance do we expect dividend payments

  84. Adegboyega Adedeji Olaoluwa

    March 25, 2020 at 8:25 am

    I have not received any dividend for the past 10years. Kindly help out

  85. Anonymous

    March 26, 2020 at 4:26 pm

    Why nothing heard about ECOBANK dividend for this long?

  86. Joseph pwajok

    March 28, 2020 at 7:58 am

    UBA could not pay their shareholders yesterday 27 of March 2020 their dividend. Please, when are they paying what’s due?

  87. Joseph pwajok

    March 28, 2020 at 8:09 am

    You guys are doing a very good work, God bless you for the good information you are passing. The corona virus pandemic has so affected global economy and it’s my believe that solution will come soon by the grace of God.

  88. Anonymous

    April 4, 2020 at 12:39 am

    hello please its over 10 years i bought my shares i need help … how do i go about it thanks

  89. Anonymous

    April 5, 2020 at 7:54 am

    For the past seven years. I haven’t gotten any of my dividend from all the stocks I bought. What do I do? I even opened CSS account and still nothing.

  90. Stan

    April 5, 2020 at 9:04 am

    Hi guys,
    You are doing a fantastic job, kindly keep it up.
    Please update your dividend payment day for some companies who have not complied with the stated dates.
    For example, UBA and it’s affiliates.
    Please how can I contact INVESTMENT and ALLIED COMPANY


    April 5, 2020 at 8:01 pm

    Good evening, please when last did japaul oil declare dividend?

  92. Seye

    April 7, 2020 at 12:13 am

    Can we reconfirm the dates

  93. Iliyasu Isah Muhammad

    April 9, 2020 at 12:09 pm

    I’m invested my money in Habib bank plc, since 2008, I have not receive any dividend yet. What is wrong please.

  94. Jafaru Samuel O

    April 10, 2020 at 2:09 pm

    Good day. Some of us who are investors in UACN are worried over the delay in the release of the company’s audited 2019 accounts. The shares have been falling due to the delay

  95. Michael Adeyemi Onaderu

    April 14, 2020 at 5:03 am

    Is there any archive where I can trace shares I have with Nigerian companies? I misplaced my stock file.

  96. Jacintha

    April 22, 2020 at 7:52 pm

    Please I would like to know if you must purchase shares with the T+3 rule or you can purchase anytime before the qualification date??

  97. Eleruweere muflihat Ajoke

    April 24, 2020 at 9:09 am

    I have some share with, first bank,union and some others but I don’t hear anything from them for the past 10..12years ago now,how can you help me

  98. Anonymous

    April 25, 2020 at 12:08 am

    Please i need a reliable stockbroker with name and email address thanks

  99. Akorede Samson

    April 28, 2020 at 11:43 pm

    I want to buy stock for a very long time for my kids any likely recommendations on any stocks that may still be in existence for the next 25years. Please I humbly await your response.



  100. Edoho aniekan David

    May 6, 2020 at 6:55 pm

    Eco bank have not pay dividends for so long why,bigtreat for so long I have not heard anything about the shares, tantaliziler have not pay,becoprot have not pay,sky bank have not pay,

  101. Niklas

    May 8, 2020 at 11:26 am

    I am from Europe and haven`t received any dividend from Guaranty Trust Bank this year. Will I still receive it?

  102. Princeo Princeo

    May 15, 2020 at 4:09 pm

    Please can you add column of current share price in the table for Dividends from companies quoted on the Nigerian Stock Exchange

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Hospitality & Travel

How to apply for Canadian Permanent Residency on your own 

This simple procedure might just be what you need for a seamless and less stressful immigration to Canada.



Canada is seen as a land of greener pastures for Nigeriansand many other citizens of developing nations, seeking to migrate to other countries, in search of work, education, and a better life. Meanwhile, we live in a world of endless opportunities, as so many people can move, travel, and build a life in a totally different placefrom where they were born. 

Countries like Canada, have impressive policies, that allow other skilled nationals to earn permits to live and work there. The major means for Nigerian nationals to migrate to Canada is through Express Entry. It is an online system that the Canadian government uses to manage permanent residence applications.  

Below is a snapshot of the process.


  • The first step is to enter the Express Entry pool. 
  • To do this, you will need to take an English test, and get your educational credentials assessed. 
  • Once you’re in the pool, you will be given a score based on factors such as your age, education, work experience, and language proficiency. 
  • You may then be invited by the Canadian governmentto apply for permanent residence, as part of one of the regularly held Express Entry draws. 

To further help our readers understand the process more, these are the details on how to go about it. Of course, this article cannot cover every single aspect of immigrating to Canada. However, if you want to know more about the Express Entry process to move to Canada, this is for you. 

Step 1a – Take the quiz to find out if you are eligible 

GTBank 728 x 90

Cost: FREE 

The quiz is simple and you can do it by yourself here. If you have not done a language test before, give yourself a hypothetical test score, and fill out your other information. I recommend that you give yourself a test score lower than what you think you may get, so you can gauge the amount of room you have to play around with. 

Step 1b – Find out your work NOC (National Occupational Classification) 

This is important because you can only claim work history in one NOC, which means that if you’ve jumped around from one job description to the other, you will need to choose the one you have acquired the longest experience at. It is okay if you’ve changed jobs, but as long as your jobs have all been in one NOC, they count. Find your NOC here. 

Step 2 – Register for the language test – IELTS General, etc. 

Cost: N75,000 for Nigerians 

Time Required: 2 to 3 months 

If you are eligible based on the quiz above, the next step is to register for the language test. Everyone applying for Canadian PR has to take a language test, to show proficiency in either French or English. You get bonus points if you can prove both! I recommend that you give yourself a two to three-month window to prepare for the language test.  

For most people, this is the only thing you have in your control. Your age isn’t going to change, your work history won’t change much, and you may need a few years to get an additional degree. So, even though you have been speaking English all your life, IELTS General and others are standardized tests, and you have to know how they want you to answer the questions asked 

GTBank 728 x 90
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The most common test for English Language is IELTS General (you cannot use IELTS Academic for immigration purposes)but it isn’t the only one. See the approved language tests for Canadian PR here. This is the official site to register for IELTS with British Council. You can also choose between paper-based and computer-based tests, which are both delivered in any of their official test centers, as desired by you. 

Here are practice tests to help you prepare for the IELTS General test. Do not take these practice guides for granted. They go a long way in ensuring you pass the test. 

Step 3 – Prepare your documents for Educational Credential Assessment (ECA) 

Cost: from USD230/CAD305/N87,400 

Time Required: 2 months  

Use the two or three months of IELTS preparation, to also prepare your degree evaluation, so you can save time. Everyone who goes to school outside of Canada must go through this process. The Canadian IRCC has a list of certified organizations, that can verify your degree and equate it with a Canadian one. The list of organizations can be found here. The most common organization is World Education Services (WES). Basically, they need to say that your degree is equivalent to so-so-and-so degree in Canada. 

You can decide to evaluate your most recent degree or all your degrees. The IRCC only requires your most recent degree (your highest degree). However, you need to figure out what works best for you. It is important to note that, if you evaluate multiple degrees under one WES profile, it costs the same as evaluating only one degree. This is the process: 

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  • Register an account with WES here. 
  • Fill out a profile and provide information about your degree(s). Please, make sure every detail is correct and you cross-check a couple of times. 
  • Pay the evaluation fee of CAD220, and the courier fee of CAD85 (for them to ship your evaluation back to you). I recommend you pay the CAD85 courier fee, instead of the CAD7 regular postage fee, so that when your evaluation is returned, it is returned speedilysecurelyand doesn’t get stuck in the local post system. As soon as you pay, you will receive a unique WES Number. 

Note: When you put in all your degree details, the WES system will automatically pull out the documents you are required to send to them for verification. For most countries, only transcripts are required. Unfortunately, those with Nigerian degrees are required to provide a whole lot more, due to a number of people sending in falsified documents. List of requirements for Nigerian degrees: 

  • Degree Certificate 
  • Academic Transcripts 
  • Final Secondary Examination Results 
  • WAEC/NECO Scratch Card 

The requirements were changed in 2018, when they could no longer take the increasing number of fraudulent documents coming in from Nigeria. 

  • Apply for your transcripts and documents. If your school has a cut-throat process, all the more reason to ensure that you have enough time to go through this process. Also, remember to factor in the cost of requesting transcripts. 
  • Send your required documents to WES. Make sure you follow all the instructions. All transcripts and documents must be sealed and signed, or stamped across the seal fold of the envelope, and every envelope must have your WES number on it. Courier shipping via DHL, from Lagos to the WES Toronto office costs about $65 or CAD86 or N24,700. 
  • Wait for WES to receive your documents and complete your verification. It takes 20 working days from when they receive all your required document, for them to send you an evaluation report. This is the report that you need for your Canadian PR application. 

Step 4 – Take your IELTS Test & Get Results 

Time Required: 13 Days 

Your speaking test will be on a different date from your writing, reading and listening tests. You will receive an email a few weeks to your test date, with details of your speaking test (usually the speaking test is the same week as your main test date). All the other three tests will be on the day you chose when you registered. You will be able to pick up your results 13 days after your main test date. 

Step 5 – Create an Online Express Entry Profile 

Now that you have your WES evaluation report and your language test results, you are ready to create an Express Entry profile hereYou can use this tool to find out what your exact CRS Score will be,  by just filling the questionnaires with your results. That way, you have an idea whether you stand a high chance in the pool or not. 

This profile will close within 60 days of opening, if you do not submit, so try to complete it as soon as you can. You will be asked personal information, work history, test scores, degree details, etc. All these details will add up to give you a Comprehensive Ranking System (CRS) Score. Make sure you are truthful and consistent. As soon as you complete and cross-check your Express Entry profile, go ahead and submit it. 

Step 6 – Wait for an Invitation to Apply (ITA) 

Time Required: minimum of 1 day 

Every two weeks, a draw is made from the pool of submitted Express Entry profiles. This draw is done to offer ITAs to candidates. An ITA basically says, you can now begin the official application process for PR. The exact cut-off score is determined by the number of selections the committee plans to choose from that draw. For example, if they need 3,500 selections from that draw, they pick the highest 3,500 candidates in the pool on that dateand the score of the 3500th person becomes the cut-off score. If there is a tie for the 3500th person, they use factors like date and time of submission to break the tie. Just as a guideline, the cut-off scores for August and September 2020 were 476 (Aug 5) and 475 (Sep 2) respectively. 

If you are one of the top candidates, you can receive an ITA in the next draw, from when you submit your profile. Technically, if you submit your profile today and the draw is tomorrow, you can get an ITA in one day. However, if your score falls short, you can stay in the pull, and keep doing other things to boost your score. See a detailed explanation on ways to improve your score, while you’re in the Express Entry pool. After 12 months, if you don’t get selected from the pool, it will expire and you will have to create a new one. 

Also, while waiting for an ITA, you can register in the Job Bank, and start looking for jobs. 

Step 7 – Apply for Canadian Permanent Residency 

Cost: USD785/CAD1,040/N298,300 per adult applicant  

Time Required: 6 months. 

Now that you have been invited to apply, you will need to prepare your application and submit all your documents. It is important to note that your fee of CAD1,040, is split into CAD550 application fee and CAD490, right to permanent residence fee. If you do not successfully get PR, the CAD490 will be refunded to you. You only have 60 days to complete this application! 

Documents Required: 

  • Application Fee (see above) 
  • Test Results 
  • Academic Verification Report 
  • Digital Photographs 
  • Medical Examination: Every country has an approved list of panel physicians, who can provide a medical examination. In Nigeria, there are three in Lagos and one in Abuja, the costs may vary slightly.  
  • Police Certificates: If you have lived in a country for more than 6 months in a row, within the last 10 years, you have to include police reports from each of those countries (including your home country, where you currently live). The cost of obtaining a police certificate will differ based on where you live, and where you are requesting one from. See how to get a police certificate in each country. 
  • Passport Biodata Page 
  • Reference or Experience Work Letter: Your former and current employers listed on your Express Entry Profile; must all provide letters to prove your work history with them. 
  • Proof of Funds: You must provide a letter from your bank vouching for the availability of funds required for relocation. These are the amount required for relocation: 

1 Family Member (you alone): CAD12,669 or N3.69 million. 

2 Family Members: CAD15,772 or N4.31 million. 

3 Family Members: CAD19,390 or N5.65 million. 

4 Family Members: CAD23,542 or N6.86 million. 

5 Family Members: CAD26,701 or N7.78 million. 

6 Family Members: CAD30,114 or N8.77 million. 

7 Family Members: CAD33,528 or N9.77 million. 

For each additional family member: CAD3,414 or N994,000. 

  • Other Documents: Depending on whether you have children, you are divorced, married, and so on, there is a host of other documents required, including name change certificate, birth certificate of child(ren), marriage certificate etc. Find the full details here. 

Once you have all your complete documents, you will be able to fill out your application on the portal and upload scanned copies of all your documents. Make sure you follow the guidelines for clarity, size and resolution of all documents. You will also be able to make your payment. 

Step 8 – Bio-metrics 

At some point, you may be called to submit your bio metrics at a local embassy or VFS. 

Step 9 – Wait and live your life! 

According to the IRCC, 80% of all applicants receive a response within 6 months. Don’t spend 6 months worrying. Just go about your business. You can log into your profile from time to time to check what stage your application has reached. For some people, it comes in 2 months and for others, it takes 6 months! It doesn’t matter, just keep living your life. 

Step 9 – Receive a PPR – Passport Request email – Ready for Visa 

Once you get this letter, you can send in your passports. Your PR approval will also come with a deadline, when you have to enter into Canada or else your PR will be invalidated. This is usually between 6 months to 1 year from the approval. You are ready to go! 


NOTE: This article is a revamped content written by Funmi Oyatogun in 2019. 

Funmi Oyatogun is a travel expert/consultant with TVP Adventure, and also the Owner/Publisher of She is on Instagram @funmioyatogun. 

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Personal Finance

Up for a raise? Use these 5 strategies to make it happen

To avoid appearing selfish or materialistic, here are five strategies to employ when demanding a raise.



Investment options for salary earners - bank loan

Requesting a raise is an important conversation that you should have with your employer, particularly if you believe your salary does not measure up with the value you bring to the company or the duties for which you are assigned.

In a bid to avoid appearing selfish or materialistic, many people shy away from this. They continue to expect the day the company will announce a raise or promotion for the employees. Although in some workplaces this sometimes plays out as expected, many other businesses seldom revisit the salary specifics and performance evaluation document of their employee to evaluate and conduct a correlation in order to make recommendations for a raise to those who merit it.

Demanding a raise does not entail asking for a favor from the company, it simply means asking for suitable market value for your job roles and responsibilities. In as much as this might be the right of an employee, it is necessary to know how to go about it appropriately in order to achieve a favorable outcome.

Here are five strategies to employ when demanding a raise:

1.  Evaluate your contributions and performance

To ask for a raise, you need to have a well-grounded knowledge of the positive contributions you have made to the company. Create a list or record of your discharge obligations or duties, as well as significant achievements that you made on the job. This will give you insight as to the value you bring to the company and what you get in return. Evaluating your results will provide you with a sound understanding of your efforts, achievements, and will also increase your confidence to demand a pay raise. This will help your boss realize that you know your worth.

GTBank 728 x 90

(READ MORE:Banks push customers towards self service in the “new normal”)

2.  Boost your negotiation power

Negotiation is the process of reaching a fair agreement for the parties involved by means of meaningful conversations. Most employees cower in the face of salary negotiation because of the impression this may create about them to their employers. Others who are brave enough to take the step lack the skillfulness to achieve or reach a handy result.

Negotiation is an art that should be learnt. Employees should improve on their negotiation skills if they intend to get a fair bargain for their efforts. One of the negotiation techniques that can be incorporated when asking for a raise in pay is to layout specific options from which the employer is to choose. This will offer both parties substantial choices to make a decision from.

3.  Right timing matters

There is a time for everything. As cliché as this may sound, it is a fact you should accept and work with. You have to assess the company’s financial position to ascertain if asking for a raise will be feasible. When this is done, you can proceed to arrange a meeting to discuss it with your employer. Find out from your employer when it is convenient to discuss issues of concern that you have.

4.  Present cogent reasons

When demanding a raise, one of the strategies to achieve this is to tender reports or proof of your achievements or efforts that have contributed to the development of the company in some way. You can request for a raise on the grounds of the length of service, duties, or performance. Your motives should reflect the principles of the company and they should be objectively stated.

(READ MORE: Nigerians will now pay N50 stamp duty on electronic receipts – FIRS)

5.  Express gratitude

Appreciate the employer for the ability to work for the company and show a sense of appreciation for their service. Let the employer know that your demand for a raise does not mean that you are dissatisfied with the employer or the work, but rather that it is a request for what suits the specified roles you play.

For a variety of reasons, many organizations give an employee a raise based on different factors that range from efficiency, motivation, length of service, promotion, and a few other factors. If you are assured that you have fulfilled the requirements for a raise, the methods mentioned can be used to improve the chances of having a raise.

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Agriculture vs Unemployment: Buhari’s farming policy has a major flaw

How workable is Buhari’s plan to send able-bodied young people to the farms as a way of solving unemployment in the country?



Agriculture vs Unemployment: Buhari's farming policy has a major flaw, Does sending "able-bodied youths" to the farms increase productivity?, Agricultural financing, Top AgriTech deals currently on sale in Nigeria – June 2020

Two weeks ago, President Muhammadu Buhari directed that food and fertilizer importers should not be given access to foreign exchange by the CBN.

The President added that Nigeria has lots of young people (median age of 17.9), hence, agriculture is a means to solve unemployment among youths. 

“We have a lot of able-bodied young people willing to work, and agriculture is the answer,” the President said.

However, Nigeria’s problem in Agriculture is not a lack of personnel, but a problem with productivity. 

READ: Can Agriculture replace Oil in Nigeria?

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Is productivity related to manpower in other countries? 

The Netherlands is Europe’s largest agriculture exporter, boasting of Europe’s most advanced agriculture sector. In 2019, the Netherlands exported €94.5 billion worth of agricultural goods. That is a 4.6% increase in the €90.4 billion export figure for 2018. Around two-thirds of this growth is due to an increase in export prices, while a third is due to higher export volume.  

In 2019, the Netherlands had a labour force of 9 million, and just 2% of that figure is employed through agriculture. Meaningless than 300k people produce €94.5 billion worth of agricultural exports in 2019. 

READ: GTBank, Access Bank, 11 others pay workers N271.64 billion in H1 2020

What about other emerging economies? 

Comparing Nigeria to the Netherlands does not paint a proper picture as the latter is a typical first world nation with most of the labour force out of agriculture.

However, other emerging economies also have large agriculture sectors, which could be comparable to Nigeria’s. 

The top 4 rice exporting nations of 2019 were India ($7.1 billion), Thailand ( $4.2 billion), USA ($1.9 billion), and Vietnam ($1.4 billion). 

The United States is the only top 4 exporting rice nation that is not regarded as an “emerging economy.”  

(READ MORE: Lessons Nigeria can learn from Microsoft’s Global Skills Initiative)

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Does agriculture play a major role in their economic workforce/ productivity? 

India: The Asian giant has a labour force of 494 million, of which 44% are employed in agriculture, the Industry employs 23% of Indians while the Service economy employs 31% of Indians. 

However, despite being the world’s largest exporter of rice, agriculture produce did not even make India’s top ten exportsas industrial goods were responsible for India’s top ten exports. Mineral Fuels made up India’s top export in 2019 at $44.1 billion, followed by Gems and Precious Metals at $36.7 billion, and Computer Machinery at $21.2 billion. 

India’s I.T sector is also a major producer of Indian productivity with domestic revenue expected to hit $44 billion in 2020, while exports revenue was estimated at US$ 147 billion. 

ThailandThe world’s second-largest exporter of rice had total exports of $245 billion in 2019, with a labour force of 39 million which is even less reliant on agriculture than India. 

READ: Zenith Bank blows past Access Bank as customer deposits cross N4 trillion

Agriculture contributes 8.4% to Thailand’s GDP, with Industry at 39.2% and Services being the highest contributor at 52.4%. 

Food is not a major top 5 export from Thailand, as Computer Machinery was its major export in 2019 at $40.2 billion, followed by Electrical equipment at $33.9 billion and Vehicles at $28.9 billion. 

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(READ MORE: EFG Hermes highlights sectors that will boom Post-COVID)

VietnamSoutheast Asia’s star economy was the 3rd largest emerging economic rice exporter in 2019, with a labour force of 57 million. Vietnam recorded a trade surplus of $11.12 billion in 2019, from exports of $264.189 billion. 


Agriculture contributes 15.3% to Vietnam’s GDP, followed by industry at 33.3% and Services at 51%. 

Vietnam exported $126 billion in electrical equipment in 2019 alone, with smartphones and spare parts making up $51.38 billion of that amount. Footwear exports came at $24 billion in 2019 while clothing was $16 billion. 

From the data above, agriculture which employs a component of emerging market economies does not contribute the most to their productivity, as manufactured goods are a major source of export income and rising. 

READ: Zenith Bank blows past Access Bank as customer deposits cross N4 trillion

Does sending more people to the farms increase productivity? 

Affiong Williams, the founder of food processing company ReelFruits, says that she does not think sending more Nigerians to the farms will increase productivity because “There is very little material productivity to achieve by increasing physical labour on the farms. Productivity increases in Agriculture, which moves the needle on production output, are more impacted by things like fertilizers, mechanization, and increased technical expertise. Manual labour is no match for any of those things.

READ: Pension: Low RSA balances – a subtly growing concern

What does Nigeria need to do to improve yields? 

The over-reliance on smallholder farming, in my opinion, is the biggest hindrance by the government to improve agro yields,” she added.

She added that even though the current model may be seen as a “development activity,” it barely achieves its true aim. 

To improve the output of any crop, one needs to do a lot of testing and control for so many factors to be able to arrive at the right conditions which increase productivity. Smallholder farmers do not have the resources to do this type of ‘A/B testing’ as it were and so it is very difficult to get true information and disseminate the right techniques that all of these farmers can apply.

“I think the government needs to enable more commercial farming by the private sector who are able to acquire the resources to increase productivity and disseminate such learnings at a faster pace, she said.

(READ MORE: IMF expects Nigeria’s GDP to shrink by 5.4% in 2020)

Explore the Nairametrics Research Website for Economic and Financial Data

Bottom Line: The Nigerian government is not focusing on the aspects that increase productivity in agriculture which experts say are fertilizers, mechanization, and increased technical expertise, components that cannot be replaced with more human capital in the farms. 

Secondly, growth in Nigerian agriculture yields can only be done through large scale commercial farming with the ability to conduct tests to find the right techniques for farmers.  

READ: MARKET UPDATE: CBN’s historic agriculture lending; Is it yielding the desired results? 

Finally, compared to contemporary emerging economies, Nigeria is seriously lagging behind in both agriculture exports and manufactured exports,  as Nigeria’s top ten agriculture exports hit just N289 billion between April 2019 – March 2020. 

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