3 days ago
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ARTICLE AD BOX
The Nigerian Exchange Limited fined implicit 30 listed firms, a cumulative sum of N562.6 million.
The good came due to the fact that the firms missed fiscal filing deadlines, facing penalties, suspensions, and delisting.
This is according to the latest X-Compliance Report, stating that the firms failed to taxable 2025 audited fiscal statements connected time.
Listed firms similar STACO Insurance, Union Dicon Salt, Pharma-Deko, and FTN Cocoa Processors present hazard delisting, with immoderate successful restructuring.
Similarly, Aluminium Extrusion and Prestige Assurance are deed by the fine.
Beyond filing delays, the NGX highlighted breaches related to unauthorized disclosures and trading during closed periods. and were cited among PPP companies that violated disclosure rules, attracting regulatory caution.
DAILY POST recovered further structural concerns wrong the NGX, peculiarly astir escaped interval deficiencies. Several companies, including Aluminium Extrusion Industries and Prestige Assurance, fell beneath required thresholds, prompting regulatory waivers and compliance timelines aimed astatine restoring marketplace liquidity.
NGX penalises implicit 30 firms for filing breaches
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