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.
ADVERTISEMENT
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!
ADVERTISEMENT
Eyewitness? Submit your stories now via social or:
Email: eyewitness@pulse.ng
Recommended articles
Gov Alia vows to demolish property housing kidnappers, Yahoo boys in Benue
Tinubu appoints former Rivers lawmaker, ex-Naval officer as heads of NESREA, NDRBDA
Court accuses EFCC boss of contempt over handling of Yahaya Bello's case
Fubara donates ₦350m as Navy moves training headquarters from Lagos to Rivers
Bandits invade Defence Minister's hometown, kill 1, abduct scores
Cardiologist bags 4-year jail term over patient deaths
We must continue to support President Tinubu - Ododo tells Kogi residents
Tinubu appoints Zenith Bank founder Jim Ovia to chair student loan fund
Husband begs IGP to find his wife who went missing on official police duty
ADVERTISEMENT