Trading in the shares of Thomas Wyatt Nigeria Plc (NGX: THOMASWY) on the floor of the Nigerian Exchange has been suspended by NGX Regulation effective Friday, October 31, 2025.
The suspension was imposed due to the company’s failure to file its Audited Financial Statements for the year ended March 31, 2025, and its Unaudited Financial Statements for the quarter ended June 30, 2025.
The notification of the suspension was signed by Godstime Iwenekhai, the Head of the Issuer Regulation Department at NGX Regulation Limited.
The suspension may raise concerns among investors about the company’s internal compliance and financial reporting consistency. Investors currently holding shares in the company will be unable to trade them until the suspension is lifted.
The action is being taken pursuant to Rule 3.1 of the NGX’s Rules for Filing of Accounts and Treatment of Default Filing (Default Filing Rules). This rule mandates that if a listed company fails to file its relevant accounts after the expiration of the Cure Period (which is ninety calendar days from the due date), the Exchange must take the following steps:
- Send a “Second Filing Deficiency Notification” to the Issuer.
- Suspend trading in the Issuer’s securities.
- Notify the Securities and Exchange Commission (SEC) and the market within twenty-four hours of the suspension.
The suspension is a regulatory measure designed to ensure market integrity and compel companies to provide investors with timely and accurate financial information.
The NGX has clarified that the suspension of trading in the company shares shall be lifted upon the submission of the relevant financial statements.
The share price of THOMASWY closed at N2.75 per share on 30th October, 2025.
Ifunanya Ikueze is an Engineer, Safety Professional, Writer, Investor, Entrepreneur and Educator.
