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Emmanuel Baba
Emmanuel Baba
Asked: April 15, 20262026-04-15T13:56:18+00:00 2026-04-15T13:56:18+00:00In: FINANCIAL LITERACY

Do I Need to Activate E-Dividend Again for New Shares with the Same Registrar in Nigeria?

If an E dividend mandate has been successfully done on a particular shares, and I bought another shares with the sames Registrar Inwhich I have already perform an E dividend mandate on, should I perform another e dividend for the new shares?

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  1. Ochoyoda
    Ochoyoda Intermediate
    2026-04-15T14:16:58+00:00Added an answer on April 15, 2026 at 2:16 pm

    No. If you already activated E-Dividend with a registrar, you do NOT need to do it again when you buy another share handled by the same registrar. How E-Dividend Works E-Dividend is tied to: Your name Your BVN Your bank account And Registrar Once you activate it with a registrar, all shares under thRead more

    No. If you already activated E-Dividend with a registrar, you do NOT need to do it again when you buy another share handled by the same registrar.
    How E-Dividend Works
    E-Dividend is tied to:
    Your name
    Your BVN
    Your bank account
    And Registrar
    Once you activate it with a registrar, all shares under that registrar automatically use the same bank details.
    Example
    If you already activated E-Dividend with:
    First Registrars and Investor Services Limited
    and you later buy:
    Access Holdings Plc
    United Bank for Africa
    If both shares are managed by First Registrars, you don’t need another E-Dividend registration.
    When You MUST Do Another E-Dividend
    You only need to register again if:
    You buy shares under a different registrar
    Example:
    Coronation Registrars Limited
    Africa Prudential Plc
    Meristem Registrars Limited
    Each different registrar = new E-Dividend mandate
    Pro Tip (Important)
    To avoid missing dividends:
    Try to activate E-Dividend with all major registrars once
    After that, you never worry again

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