• 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

COVID-19: NSE extends time for submission of audited financial statements

Chike Olisah by Chike Olisah
March 24, 2020
in Business News, Markets
onyema, Market data, CEO NSE, NSE lifts suspension on Omatek Ventures’ shares, NSE launches Comic Book to boost financial literacy, NSE goes public with 2.5 billion ordinary shares in unanimous vote by the members, NSE commemorates 2020 International Women’s Day and rings the bell for gender equality, COVID-19: NSE extends time for submission of financial statements, NSE PUBLISHES GUIDANCE TO FACILITATE EFFECTIVE VIRTUAL MEETINGS FOR STAKEHOLDERS AMIDST COVID-19, NSE Hosts First-Ever Digital Closing Gong Ceremony, NSE set to host financial leaders at upcoming webinar, NSE commemorates world investor week 2020, Agricultural sector can be a game changer for generating forex- Onyema, NGX GMG

Oscar Onyema, Group Managing Director and CEO, Nigerian Exchange Group Plc

Share on FacebookShare on TwitterShare on Linkedin

The Nigerian Stock Exchange (NSE) has extended the time for quoted companies to submit their audited financial statements for the year ended December 31, 2019.

This was contained in a circular, which was addressed to Dealing Member Firms (DMFs) on March 24, and signed by the Head, Broker Dealer Regulation of the Nigerian Stock Exchange.

NSE in 2019, events & outlook, Foreign portfolio transactions drop by N280 billion as foreign investors remain net sellers of Nigerian equities , 2020 Nigerian Equities Outlook: Breaking the Jinx?, Equities: Foreign investors remain net sellers for second consecutive year , Investors part with N152.1 billion as bearish trade extends, Stocks close February in deep red as investment options dry up for Nigerians, Economy: Domestic investors hold sway in January

RelatedStories

Stock market kicks off September in the red: ASI slips 0.15% amid declining trading volume 

Nigerian Stocks start July in red as All-Share Index slips 0.2%; Ellah Lakes leads daily volume 

July 2, 2025
Why did Legend Internet shares gain 32% in just one week? 

Why did Legend Internet shares gain 32% in just one week? 

June 16, 2025

According to the NSE, the decisions outlined in the circular, are part of measures taken by The Exchange to reduce the business and economic impacts on the activities of the Dealing Member Firms.

What it means: This decision means that the NSE has approved a temporary suspension of the provisions of Rule 7.4 (Submission of Financial and Non-Financial Reports to the Exchange) of the Rulebook of the Exchange, 2015 as amended.

The Rule states that, ‘Every Dealing Member shall submit to the Exchange its audited financial statements, within ninety (90) calendar days of the end of the fiscal, and its quarterly returns within thirty (30) calendar days of the end of the quarter; and any other periodic report within the period stipulated by the Exchange’.

[READ MORE: COVID-19: UCH restricts access to facility, as minister calls for tracking of all cases)

As part of its statement in the circular, the NSE appreciates the fact that some of the internal governance, auditing and other processes including the engagement of external auditors to carry out the audit of Dealing Member Firms, may have been negatively affected by the outbreak of the coronavirus pandemic.

As a result, The Exchange has decided to grant all DMFs an additional sixty (60) day grace period for the submission of their audited financial statement for the year ended December 31, 2019 which was supposed to be due for submission on Monday, March 30, 2020.

This means that the deadline date for submission of the audited financial statement for all the DMFs has now been extended to Friday, May 29, 2020.

It should be noted that, the COVD-19 outbreak has started affecting the capital market obligations of some of these quoted companies. Just yesterday UBA and Transcorp, announced the postponing of their Annual General Meeting (AGM).


Follow us for Breaking News and Market Intelligence.
Tags: CoronavirusCoronavirus outbreakCovid-19financial auditfinancial statementsNigerian Business NewsNigerian Stock ExchangeNSE
Chike Olisah

Chike Olisah

Chike was a banker with over 11 years experience in retail and commercial banking, risk management, treasury portfolio management and relationship management. He also acquired some experience in financial management and do have some special interest in investment analysis and personal finance. He had stints with financial institutions like the former Intercontinental Bank and Fidelity Bank.

Related Posts

Stock market kicks off September in the red: ASI slips 0.15% amid declining trading volume 
Equities

Nigerian Stocks start July in red as All-Share Index slips 0.2%; Ellah Lakes leads daily volume 

July 2, 2025
Why did Legend Internet shares gain 32% in just one week? 
Company Results

Why did Legend Internet shares gain 32% in just one week? 

June 16, 2025
Weekly Stock Update: Nigerian Exchange Group record growth w-o-w, up by 0.48%
Equities

SEPLAT leads value as All-Share Index gains 0.56%, ABCTRANS and BETAGLASS shine 

June 12, 2025
Adverse effects of high-interest rate spreads on the Nigerian economy
Financial Services

Fidelity Bank threatens legal remedies over “malicious publication” concerning CEO’s share purchase 

May 24, 2025
Billionaire Femi Otedola’s brother, Rotimi sells N4.6 billion Geregu shares 
Billionaire Watch

Billionaire Femi Otedola’s brother, Rotimi sells N4.6 billion Geregu shares 

February 10, 2025
New COVID-19 Variant XEC not in Nigeria – FG 
Health

New COVID-19 Variant XEC not in Nigeria – FG 

December 7, 2024
Next Post
EU urges nations to unblock borders to allow medical supplies

EU urges nations to unblock borders to allow medical supplies

Comments 1

  1. Ola Ilesanmi says:
    March 25, 2020 at 11:08 am

    I wish to commend some / Registrars broken houses that felt the need to extend SMS to stake holders/shareholders on the reasons of agm postponements as well as giving development especially Afrifund , Cardinal Stone , GDR .
    Thanks .

    Reply

Leave a Reply Cancel reply

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

Emple
nlng
first bank








DUNS

Recent News

  • CBN opens application for Knowledge Acceleration Programme to shape future research priorities 
  • CBN to decide Nigeria’s interest rate policy on July 22 MPC meeting 
  • Williams Fatayo exits as CEO of Nigerian startup truQ over leadership dispute

Follow us on social media:

Recent News

CBN, MPC

CBN opens application for Knowledge Acceleration Programme to shape future research priorities 

July 13, 2025
CBN, forex

CBN to decide Nigeria’s interest rate policy on July 22 MPC meeting 

July 13, 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