• Login
  • Register
Nairametrics
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
Nairametrics
No Result
View All Result
Home Business News

NSE lifts suspension on Conoil Plc’s shares

Damilare Famuyiwa by Damilare Famuyiwa
July 5, 2019
in Business News, Company News
Conoil Plc, NSE, Conoil Plc's shares, NSE suspends shares from trading shares, Conoil Plc declares dividend payment for FY 2019, announces AGM soon
Share on FacebookShare on TwitterShare on Linkedin

The Nigerian Stock Exchange (NSE) has lifted the suspension on the shares of Conoil Plc. This follows the company’s submission of its outstanding Audited and Interim Financial Statements to The Exchange.

In a statement signed by Godstime Iwenekhai, NSE’s Head of Listings Regulation Department, it was confirmed that the suspension of trading in the Issuer’s securities was lifted upon submission of the relevant accounts.

NSE lifts suspension on Conoil's shares
Mike Adenuga, Chairman, Conoil Plc

Nairametrics had earlier reported that Conoil was suspended from trading its shares alongside 10 other firms for their failure to submit their statements.

RelatedStories

Conoil Plc,

Conoil Q1 2025: Borrowing surge collapses profit, debt now exceeds equity 

June 25, 2025
Conoil Plc,

Conoil reports N13.806 billion pre-tax profits, up 12.45% YoY

February 2, 2025

[READ MORE: NSE’s sanctions Royal Exchange]

The other suspended firms were – FTN Cocoa Processors Plc, Goldlink Insurance Plc, Guinea Insurance Plc, Lasaco Assurance Plc, Niger Insurance Plc, R.T. Briscoe (Nigeria) Plc, Resort Savings & Loans Plc, Royal Exchange Plc, Standard Alliance Insurance Plc, and Universal Insurance Plc.

Perpetual offender: Conoil Plc is one of the usual suspects with respect to late submission of financial statements.

The company’s audited results for the 2017 financial year were submitted on the 1st of June, nearly six months after the financial year end of December. Conoil blamed the delay on challenges with its accounting software. FY 2016 results were submitted on the 21st of June 2017. FY 2015 results were submitted on the 8th of September 2016.

Q1 2017 results were submitted on the 22nd of June 2017. Q1 2016 results were submitted on the 16th of September 2016. Q1 2015 results were submitted on the 21st of September 2015.

[READ ALSO: UPDATE: Staff denied access as police take over Oando plc headquarters]

A laudable move for The Exchange? The NSE has often been criticised by a section of investors for taking too long to wield the big stick on rogue listed companies who continue to flout listing rules, despite the obvious risk they pose to investor funds. It is, therefore, always good to see it act tough in order to get stuff fixed.

Conoil Plc traded N23.80 during the NSE’s last trading session.


Follow us for Breaking News and Market Intelligence.
Tags: Conoil plcNigerian Business NewsNSE
Damilare Famuyiwa

Damilare Famuyiwa

Famuyiwa Damilare is a trained journalist. He holds a Higher National Diploma (HND) in Mass Communication at the prestigious Nigerian Institute of Journalism (NIJ). Damilare is an innovative and transformational leader with broad-based expertise in journalism and media practice at large. He has explored his proven ability in the areas of reporting, curating and generating contents, creatively establishing social media engagements, and mobile editing of videos. It is safe to say he’s a multimedia journalist.

Related Posts

Conoil Plc,
Blurb

Conoil Q1 2025: Borrowing surge collapses profit, debt now exceeds equity 

June 25, 2025
Conoil Plc,
Company News

Conoil reports N13.806 billion pre-tax profits, up 12.45% YoY

February 2, 2025
NGX
Equities

Top 5 oil and gas companies in Nigeria based on share price performance in 2024 

January 11, 2025
Conoil Plc,
Energy

Oil and gas: The best performing index in 2024 with 160% YtD gain 

January 2, 2025
NGX
Equities

Top 10 best-performing stocks in the Nigerian market in 2024 

January 1, 2025
President Tinubu inaugurates 30 CNG-powered buses donated to the federal government 
Business News

Climate Change: Tinubu establishes national engineering innovation fund 

November 20, 2024
Next Post
NSE records 18.18% decline in banks' market capitalisation, Best performing stocks on the NSE Year-to-date

The Stock Market rounds up the week on a bearish note

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Emple
nlng
first bank








DUNS

Recent News

  • UBA, three other heavyweights drive explosive rally as All-Share Index eyes N80 trillion 
  • DMO debunks N611 billion debt claim, confirms actual March 2025 bond service at N67.99 billion
  • Most Expensive bag: This Original Hermès Bag sold for $10million at auction  

Follow us on social media:

Recent News

Weekly Stock Update: Nigerian Exchange Group record growth w-o-w, up by 0.48%

UBA, three other heavyweights drive explosive rally as All-Share Index eyes N80 trillion 

July 11, 2025
DMO, FGN Savings Bonds

DMO debunks N611 billion debt claim, confirms actual March 2025 bond service at N67.99 billion

July 11, 2025
  • iOS App
  • Android App
  • Contact Us
  • Home
  • Markets
  • Sectors
  • Economy
  • Business News
  • Financial Literacy
  • Disclaimer
  • Ads Disclaimer
  • Copyright Infringement

© 2025 Nairametrics

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Social Media Auto Publish Powered By : XYZScripts.com
No Result
View All Result
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
  • Login
  • Sign Up

© 2025 Nairametrics