Categories: EconomyNews

Conoil, 10 Others Flout NSE Laws

The Nigerian Stock Exchange (NSE) on Monday said Conoil and 10 other quoted companies have failed to file their 2016 audited results within the stipulated time.

The exchange said in a statement in Lagos that the defaulting companies included Capital Hotel, Niger Insurance, A G Leventis, African Alliance Insurance and Austin Laz Company.

Others are Resort Savings; Loans, Premier Paints, Sovereign Trust Insurance, Smart Products and Union Diagnostic & Clinical Services.

The Exchange said the companies missed the deadline to file their Audited Financial Statements (AFS) for the year Dec. 31, 2016.

It stated that the listed companies’ AFS became due on March 31, 2017.

According to the Exchange, the companies have violated the Rule 1.1.4, for Filing of Accounts and treatment of Default Filing, Rulebook of the exchange.

It noted that the issuers rules require listed companies to file their AFS “with the exchange not later than 90 calendar days after the relevant year end.”

Recent Posts

Harsh Economy: Nigerians React As President Tinubu Spotted With Over 60-Vehicle Convoy In Lagos

In a video making waves on social media platforms, Nigerians have reacted with mixed feelings…

10 hours ago

Man Arrested For Insulting President Tinubu, Sanwo-Olu, IGP

A popular Nigerian TikToker identified simply as Seaking has been arrested by operatives of the…

16 hours ago

The Longest Prison Sentences Ever Served

Throughout history, some individuals have endured extraordinarily long prison sentences, with their stories reflecting the…

17 hours ago

Families Call For Help As DSS Arrests Lovers In Osun Community

There is growing tension in Modakeke, Osun State, following the alleged arrest of two lovers,…

21 hours ago

Ibadan Stampede: I Regret Not Heeding Spiritual Warning – Woman Who Lost Two Kids

A victim of the stampede that occurred in Ibadan, Oyo State capital, which has claimed…

21 hours ago

Trending Stories In Osun Today

The vibrant Osun State is no stranger to captivating events and headlines that draw attention…

21 hours ago

This website uses cookies.