NGX suspends trading in shares of Ardova, C&I Ieasing, Mutual Benefit, 6 others

Stock market hits new low as sell-side pressure persists on NGX

The Nigerian Exchange Limited (NGX) has effective Friday July 1, suspended trading in shares of nine (9) companies for defaulting in filing their audited financial statements for the year ended December 31, 2021.

These companies are: African Alliance Insurance Plc, Niger Insurance Plc, Royal Exchange Plc, Ekocorp Plc, C & I Leasing Plc, Mutual Benefit Assurance Plc, Coronation Insurance Plc, Premier Paints Plc and Ardova Plc.
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The suspension of trading in these companies shares will only be lifted upon their submission of the relevant accounts, provided the NGX Regulation Limited (NGX RegCo) is satisfied that the accounts comply with all applicable rules of NGX.

Iheanyi Nwachukwu

Iheanyi Nwachukwu, is a creative content writer with over 18 years journalism experience writing on banking, finance and capital markets. The multiple awards winning journalist is Assistant Editor, BusinessDay. Iheanyi holds BSc Degree in Economics from Imo State University; Master of Science (MSc) Degree in Management from University of Lagos. Iheanyi has attended several work-related trainings including (i) Advanced Writing and Reporting Skills (Pan African University, Lagos); (ii) News Agency Journalism (Indian Institute of Mass Communication {IIMC}, New Delhi, India); and (iii) Capital Markets Development and Regulations (International Law Institute {ILI} of Georgetown University, Washington DC, USA).

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