Vanguard News
44 companies to face NSE’s sanctions over default filing
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By Nkiruka Nnorom
A total of 44 companies quoted on the Nigerian Stock Exchange, NSE, may face sanctions from the Exchange for failing the timeline in rendition of 2020 audited financial results.
Periodic and timely rendition of financial results to the NSE, is one of the key elements in the post-listing requirements of the Exchange which attracts penalties.
The companies, which include, Conoil Plc, Oando Plc, Wema Bank Plc, Okomu Oil Plc and Presco Plc among others, failed to meet the March 31, 2021 cut off date (the 90 day timeline required by the rule of the Exchange for quoted companies to file their audited full year result) and will now face financial sanctions as enshrined in the rules of the Exchange.
Pressure on equities defies earning season, index slumps by 0 69 per cent
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Pressure on equities defy earning season, index slumps by 0 69 per cent
guardian.ng - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from guardian.ng Daily Mail and Mail on Sunday newspapers.