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.

Customers using Unity Bank Plc ATM

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.

Nigerian equities market sheds N109 billion in October

This latest development is coming as profit-taking the lower the Nigerian market by N109 billion in October 2018.

Key benchmark indices at the Nigerian Stock Exchange (NSE) dropped by an average 0.92% in October. The All Share Index (ASI) also declined from its month’s opening index of 32,766.37 points to close the month at 32,466.27 points.

JOIN OUR PULSE COMMUNITY!

Unblock notifications in browser settings.

Eyewitness? Submit your stories now via social or:

Email: eyewitness@pulse.ng

Recommended articles

Again, APC shifts Presidential primary to new dates

Again, APC shifts Presidential primary to new dates

PDP Primaries: How frontline presidential aspirants may share delegates' votes

PDP Primaries: How frontline presidential aspirants may share delegates' votes

Supreme Court affirms Appeal Court ruling on Rivers Commission of Inquiry

Supreme Court affirms Appeal Court ruling on Rivers Commission of Inquiry

FG keeping surveillance to prevent outbreak of monkeypox - Minister

FG keeping surveillance to prevent outbreak of monkeypox - Minister

Group accuses Yahaya Bello of forcing unity list on Kogi delegates ahead of APC primaries

Group accuses Yahaya Bello of forcing unity list on Kogi delegates ahead of APC primaries

Step down for Osinbajo, Group urges Tinubu, other presidential aspirants

Step down for Osinbajo, Group urges Tinubu, other presidential aspirants

Kazeem beats incumbent, Omititi to secure Mushin Constituency 2 APC ticket

Kazeem beats incumbent, Omititi to secure Mushin Constituency 2 APC ticket

Babajide Obanikoro loses Lagos APC House of Reps ticket to Oba Elegushi's brother

Babajide Obanikoro loses Lagos APC House of Reps ticket to Oba Elegushi's brother

INEC grants parties request, extends deadline for primaries by 6 days

INEC grants parties request, extends deadline for primaries by 6 days