The Nigerian Exchange Limited has imposed a total penalty of N719.7m on 14 companies listed on the stock market for late filing of their audited and interim financial statements. The NGX disclosed this under the ‘2021 default filings’ section of a report obtained by our correspondent on Tuesday. The companies that filed their financial statements […]
The nation’s bourse resumed trading in June on a positive note, with the All-Share Index appreciating by 0.19 per cent. Specifically, the index rose by 48.33 points or 0.19 per cent to close at 25,316.15 compared with 25,267.82 posted on Friday. Also, the market capitalisation which opened the month at N13.168 trillion inched higher by […]
The Nigerian Stock Exchange (NSE) has lifted suspension on trading in the shares of Afromedia Plc; one year after it suspended the advertising media company for failure to comply with post-listing requirements. The NSE stated that the lifting of suspension on the shares of Afromedia was sequel to the submission of its relevant financial statements […]
Feyisayo Popoola THE Nigerian Stock Exchange has lifted the suspension it placed on trading in the shares of Afromedia Plc. The NSE, in a statement on Monday, referred to its Market Bulletin dated April 9, 2018, which notified the public of the suspension of Afromedia for non-compliance with the rules for filing of accounts and […]
No fewer than 38 firms will pay a fine totalling N429.5 million. The fine was imposed by the Nigerian Stock Exchange (NSE) over the firms’ failure to file their financial statements as of when due last year. According to a recent report from the bourse, the fine was slammed on the firms for 52 offences […]
The Nigerian Stock Exchange (NSE) has announced plans to sanction 28 companies for failing to meet post-listing requirements. This include defaultment in timely release of operational reports and financial statements. The list of offenders released by the exchange include three commercial banks, a microfinance bank, three mortgage bankers, five insurance companies, one investment management firm […]
The Nigerian Stock Exchange (NSE) has announced 14 listed firms yet to file in their audited financial results for the year ended December 31, 2017, 2016 and 2015. This was contained in the X-compliance report of NSE for the period ended August 24, 2018. Post-listing rules at the NSE require quoted companies to submit their […]
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