Nigerian Stock Exchange lifts suspension placed on trading of Conoil Plc shares

The suspension was lifted after Conoil Plc submitted its financial statements for the first quarter and half-year.

The suspension was lifted on Wednesday, August 8, 2018, a day after the oil company owned by the second richest man in Nigeria, Mike Adenuga, submitted its Unaudited Financial Statement for the period ended 31 March 2018.

Godstime Iwenekhai, NSE's Head, Listings Regulation Department in a statement released on Wednesday, said, “...the suspension of Conoil Plc for non-compliance with Rule 3.1, Rules for Filing of Accounts and Treatment of Default Filing, Rulebook of The Exchange (Issuers’ Rules) (‘Default Filing Rules’)” has been lifted.

He urged the public to note that the Company’s shares have been lifted effective today, Wednesday, 8 August 2018.

The Nigerian regulatory agency suspended Conoil Plc from the stock market trading on Monday, August 6, 2018, over its failure to file in its financial statements as required by the rules governing the market.

Also from Business Insider Sub-Sahara Africa:

JOIN OUR PULSE COMMUNITY!

Unblock notifications in browser settings.

Eyewitness? Submit your stories now via social or:

Email: news@pulselive.co.ke

Recommended articles

4 side effects of being a virgin for too long, according to research

4 side effects of being a virgin for too long, according to research

KDF moves to forcibly acquire Sh 500M supermarket land in Nairobi

KDF moves to forcibly acquire Sh 500M supermarket land in Nairobi

Fred Obachi Machoka’s heartfelt message to his wife of 41 years [Photos]

Fred Obachi Machoka’s heartfelt message to his wife of 41 years [Photos]

Zari Hassan lectures Tanzanians over her viral black innerwear video

Zari Hassan lectures Tanzanians over her viral black innerwear video

Where is Mr Tembo? Ex-Tahidi High principal resurfaces [Video]

Where is Mr Tembo? Ex-Tahidi High principal resurfaces [Video]

DP Ruto's firm wins Sh190M Nairobi county gov't tender

DP Ruto's firm wins Sh190M Nairobi county gov't tender

Diana Marua hospitalized, Bahati gives update [Photos]

Diana Marua hospitalized, Bahati gives update [Photos]

Betty Kyallo shares photos of the first Subaru she bought after joining KTN

Betty Kyallo shares photos of the first Subaru she bought after joining KTN

North Korean man who smuggled 'Squid Game' into the country to be sentenced to death

North Korean man who smuggled 'Squid Game' into the country to be sentenced to death