Fortis Micro Finance Bank The attention of the Nigeria Deposit Insurance Corporation (NDIC) has been drawn to a report in the Daily Trust Newspaper of Friday, 8th February, 2019 which alleged a hasty liquidation of Fortis Micro-Finance Bank (MFB). The report relied on statements credited to one Mallam Garba Kurfi, Managing Director of APT Securities […]
The Nigeria Deposit Insurance Corporation (NDIC), has announced the official liquidation of Fortis Microfinance Bank and its branches nationwide. The corporation made this known in a press statement posted on its official website. It assured insured depositors of the repayment of their monies. The statement reads: “The Nigeria Deposit Insurance Corporation (NDIC), the official Liquidator […]
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) will sanction 28 companies for failing to meet post-listing requirements including timely release of operational reports and financial statements. The list of offenders released by the exchange includes three commercial banks, one microfinance bank, three mortgage banks, five insurance companies, one investment management firm and 15 other firms in various […]
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 […]
The Nigerian Stock Exchange (NSE) continued to stumble as the all share index closed at 36,232.66 basis points down 0.20%. Year to date, the index is down 5.26%. Top Gainers and Losers Courtville Business Solutions closed at N0.22, down 10%. Sterling Bank closed at N1.49, down 9.56%. Niger Insurance closed at N0.39, down 8.33%. On […]
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