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NSE suspends Medview airline, Capital Oil, four other companies

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The Nigerian Stock Exchange(NSE) has suspended trading in some companies for their non-compliance with corporate governance rules spelt out by the NSE

The NSE said the move was a sequel to the companies’ inability to comply with corporate governance rules which mandate them to submit financial statements within a specified period.

The suspension was over their failure to “file their audited financial statement for the year ended December 31, 2019,” the NSE said.The NSE said the companies were suspended after the expiration of an extended period offered them and many notifications demanding the submission of the financial statements.

Listing and regulatory rules at the capital market require all quoted companies to submit their annual audited report and financial statement not later than 90 days after the end of the financial year.

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