Business: Nigerian Stock Exchange suspends Unity Bank Plc, 5 others from trading on the stock market

Nigerian Stock Exchange suspends Unity Bank Plc, 5 others from trading on the stock market

The NSE suspends the six companies for failing to file quarterly accounts as stipulated by the Rulebook of The Exchange.

The Nigerian Stock Exchange (NSE) has suspended trading in the shares of Unity Bank Plc and five others listed companies from the country's stock market.

The other five listed companies are Fortis Microfinance Bank Plc, Thomas Wyatt Nigeria Plc, Multi-Trex Integrated Foods Plc, Golden Guinea Breweries Plc and Deap Capital Management & Trust Plc.

The companies were suspended for failing to file their accounts as stipulated by the Rulebook of The Exchange.

Godstime Iwenekhai, Head, Listings Regulation Department at the NSE, stated this in a notice posted on the Stock Exchange website on Thursday, November 1, 2018.

Iwenekhai said the suspension will only be lifted upon the submission of the relevant accounts.

Source: news

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