NGX Regulation has lifted the suspension it placed on trading in the shares of Niger Insurance Plc.
This was disclosed in a Market Bulletin – NGXREG/LRD/MB11/22/02/21 to trading license holders and the investing public on Monday, February 21, 2022.
NGX Regulation had in July 2021 in a Market Bulletin – NGXREG/LRD/MB23/21/07/02, notified trading licence holders and the investing public of the suspension of four (4) listed companies in line with the provisions of Rule 3.1: Rules for Filing of Accounts and Treatment of Default Filing.
NGX Regulation on Monday said that “Niger Insurance Plc, one of the four (4) listed companies that was suspended on 2 July 2021 have now filed its Audited Financial Statements for the year ended 31 December 2020 and Unaudited Financial Statements for the quarters ended 31 March 2021, 30 June 2021, and 30 September 2021 respectively.
“In view of Niger Insurance Plc’s submission of these financial statements, and pursuant to the provisions of Rule 3.3 of the Default Filing Rules which states that: The suspension of trading in the issuer’s securities shall be lifted upon submission of the relevant accounts provided The Exchange is satisfied that the accounts comply with all applicable rules of The Exchange.
“The suspension of trading in the shares of Niger Insurance Plc was lifted today, Monday, 21 February 2022.”
Ifunanya Ikueze is an Engineer, Safety Professional, Writer, Investor, Entrepreneur and Educator.