Nigeria stock exchange has taken a huge chunk from firms in fines between 2018 and 2020, this boosted its revenue with N150 million from fines imposed on listed companies across the banking, manufacturing, and insurance sectors, among others.
The reason for the fines were avoidable cases like, unauthorised publication of notice of board meetings, annual general meetings, and a notice of resignation of four directors. More so, non-disclosure of material information, and failure to file their financial statements by the due date.
The reason for the fines were avoidable cases like, unauthorised publication of notice of board meetings, annual general meetings, and a notice of resignation of four directors. More so, non-disclosure of material information, and failure to file their financial statements by the due date.