Nigerian Exchange bars eight companies from trading

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The punitive action remains in force until the companies hand in their outstanding 2023 audited financials to the exchange, the document stated.

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“If an Issuer fails to file the relevant accounts by the expiration of the Cure Period1, the exchange will send to the issuer a “Second Filing Deficiency Notification” within two business days after the end of the Cure Period,” NGX said in a document signed by Godstime Iwenekhai, who heads its issuer regulation department.

It’s essential to acknowledge that news production incurs expenses, and we take pride in never placing our stories behind a prohibitive paywall.Regency Alliance Insurance stated in a regulatory filing on Tuesday that it is facing constraints “in migrating our reporting standard from IFRS4 to IFRS 17.” IFRS refers to the International Financial Reporting Standard, an international organisation which provides the rules and guidelines for preparing accounts for companies.

 

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