The hammer of Nigeria’s stock market regulator, the Security and Exchange Commission has landed on six quoted companies as the Nigerian Stock Exchange suspended trading on their shares over their failure to file their annual accounts.

The 6 suspended companies include Capital Oil Plc, FTN Cocoa Processors Plc, Medview Airline Plc, Niger Insurance Plc, R.T. Briscoe (Nigeria) Plc and
Union Dicon Salt Plc.

The NSE suspends trading on the shares of the companies with effect from Tuesday, September 1 over their failure to file their audited financial statement for the year ended December 31, 2019.

The suspension is in line with the regulatory rules at the NSE which require all quoted companies to submit their annual audited report and financial statement not later than 90 days after the end of the financial year.

Read more - https://nigeriatodaynews.com/nse-suspends-capital-oil-5-others/

Ok

Medview has been grounded for years now.