Default Filing News Today

The NGX Regulation Limited has sanctioned Presco Plc, eTranzact International Plc, NCR (Nigeria) Plc, African Alliance Insurance Plc, ABC Transport Plc and PZ

The industry analysts believe that when results of the remaining banks are rolled out, combined profit would be in excess of N3.5 trillion.

Kindly share this postCentral Bank of Nigeria (CBN) at the weekend, released the list of certified cheque printers in the country, in a bid to foster efficient payment and settlement system. In a circular dated May 4, 2023, signed by Sam Okejere, director of Banking Services Department, the bank said the move was part of […]

Kindly share this postNGX Regulation Limited, a wholly owned subsidiary of the Nigerian Exchange Group (NGX Group) has slammed a fine of N35.82 million on Ecobank Transnational Incorporated (ETI), Wema Bank and 16 other companies trading on its platform. The fines are for failing to file their audited and interim financial accounts after the regulatory […]

The seven companies are: Niger Insurance, C&I Leasing, African Alliance Insurance, Coronation Insurance, Ekocorp, Premier Paints and Mutual Benefits Assurance. The suspension, which takes effect from yesterday, July 1, 2022, implies that there would be no price movement on the shares because the company’s investors would no longer trade on their stocks. A circular issued […]

By Dipo Olowookere Nine publicly quoted organisations trading their shares on the Nigerian Exchange (NGX) Limited have been suspended. A circular issued by the bourse explained that the affected firms were slammed for failing to file their Audited Financial Statements (AFS) for the year ended December 31, 2021. With

Punch Newspapers Sections Published 23 June 2021 The Nigerian Exchange Limited has imposed a total penalty of N719.7m on 14 companies listed on the stock market for late filing of their audited and interim financial statements. The NGX disclosed this under the ‘2021 default filings’ section of a report obtained by our correspondent on Tuesday. The companies that filed their financial statements after the regulatory due date include Japaul Gold and Ventures Plc, Conoil Plc, Meyer Plc, Corner...