NSE suspends trading in shares of 11 companies over delayed filing of accounts

Mr Godstime Iwenekhai, NSE Head, Listings Regulation Department stated this in a statement obtained by theIwenekhai said that the affected companies were: Conoil, FTN Cocoa Processors, Goldlink Insurance, Lasaco Assurance, Niger Insurance and R.T. Briscoe.Others were Resort Savings & Loans, Royal Exchange, Standard Alliance Insurance and Universal Insurance.

He said that the suspension was in accordance with Rule 3, 1, Rules for Filing of Accounts and treatment of default filing, and Rulebook of The Exchange. “If an Issuer fails to file the relevant accounts by the expiration of the Cure Period, The Exchange will: Send to the Issuer a “Second Filing Deficiency Notification” within two business days after the end of the Cure Period.

“The exchange will after the Cure suspend trading in the Issuer’s securities, and notify the Securities and Exchange Commission and the market within 24 hours of the suspension. “In accordance with the rules set forth above, the suspension of the above-listed companies will only be lifted upon the submission of the relevant accounts and provided The Exchange is satisfied that the accounts comply with all applicable rules of The Exchange,” Iwenekhai stated.

Is it good or bad? We don't want too many Grammer pls .. explain

Belgique Dernières Nouvelles, Belgique Actualités

Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.

NSE Market Indices Open July With 1.18% LossActivities on the Nigerian equities Market opened for the month of July on a negative note with the crucial market indices dropping by 1.18 per cent. Specifically, the All Share Index lost 352.26 points or 1.18 per cent to 29,614.61 compared with 29,966.87 achieved on Friday. Also, the market capitalisation which opened at N13.206 trillion […] It isn't a stock exchange. It's a poorly run casino.
La source: LeadershipNGA - 🏆 4. / 77 Lire la suite »

NSE reveals biannual review of market indices - Vanguard NewsNigerian News - The Nigerian Stock Exchange, NSE, has restructured the composition of its indices which saw Custodian Investment Plc joining the NSE 30...
La source: vanguardngrnews - 🏆 5. / 75 Lire la suite »

Investors Lose N94bn On NSE, As Market Capitalisation Drops To N12trn MarkTransactions on the Nigerian Stock Exchange (NSE) maintained negative slide for the second trading day of the month with investors’ net worth dropping by N94 billion. Consequently, the market capitalisation dropped to N12 trillion mark, having lost N94 billion to close at N12.956 trillion compared with N13.050 trillion recorded on Monday. In the same vein, […]
La source: LeadershipNGA - 🏆 4. / 77 Lire la suite »