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Senate summons insurance firms for N17.4bn unremitted fund dailytrust.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from dailytrust.com Daily Mail and Mail on Sunday newspapers.
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. ....
Vanguard News 44 companies to face NSE’s sanctions over default filing On
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. ....
Alleged non-remittance of N17.4bn: Senate summons NICON, AIICO, others tribuneonlineng.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from tribuneonlineng.com Daily Mail and Mail on Sunday newspapers.
By Peter Egwuatu Adverse operating environment headlined by COVID-19 Pandemic and #EndSARS protest in 2020 has taken a massive toll on the growth rate of the Nigerian insurance industry. But top 16 insurers have managed to record positive figures in their 2020 financial results though significantly below previous year’s figures. The 16 companies control over 80 percent of the entire industry. The 16 companies are AIICO Insurance, Axa Mansard, Consolidated Hallmark, Cornerstone Insurance, and Coronation Insurance. Others are Linkage Assurance, Mutual Benefits Assurance, Nem Insurance, Niger Insurance, Prestige Assurance, Regency Alliance, Royal Exchange, Sovereign Trust, Sunu Assurance, Universal Insurance, and Veritas Kapital. ....