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Home Markets Equities Stock Market

U Turn, Nigerian Stock Exchange defer commencement of “Issuer Suspension” rule

Nairametrics by Nairametrics
March 2, 2015
in Stock Market
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FIRS extends deadline for filing of 2022 Companies Income Tax returns to 31st August 2022

Last week the Nigerian Stock Exchange announced quoted companies may now apply for suspension of trading on their stock as the new rule on request for suspension of trading. The rule was scheduled to commence March 2nd but has now being postponed indefinitely. According to the exchange the effective date of the rule has been delayed to a date to be announced subsequently in order engage in stakeholder sensitization regarding the rule.

NOTICE IS HEREBY GIVEN THAT, the provisions of Article 23 of the Securities and Exchange Commission approved “Amendments to the Listings Rules of The Exchange”, titled “Request for Suspension at the Instance of the Issuer”, shall no longer become effective on Monday, 2 March 2015, as previously announced.

 

 

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