Lifting of Suspension on Aso Savings & Loans Plc Shares
The Nigerian Exchange Limited (NGX) has officially lifted the suspension earlier placed on trading in the shares of Aso Savings & Loans Plc.
️ Background
Back in July 2017, the NGX (then known as The Nigerian Stock Exchange) suspended Aso Savings & Loans Plc from trading because the company failed to submit its financial statements within the required period.
According to Rule 3.1 of the Default Filing Rules, when a listed company does not file its accounts after the allowed Cure Period, the Exchange is required to:
1. Send the company a Second Filing Deficiency Notification within two business days.
2. Suspend trading in the company’s shares.
3. Notify both the Securities and Exchange Commission (SEC) and the general public within 24 hours.
That’s exactly what happened in 2017 — trading in Aso Savings & Loans Plc’s shares was halted until the company complied with filing requirements.
Recent Development
Fast forward to October 2025 — the company has now submitted all outstanding financial statements to the Exchange.
In line with Rule 3.3 of the Default Filing Rules, once a company submits its overdue accounts and the Exchange confirms that the financials meet all regulatory standards, the suspension can be lifted.
✅ What This Means
The NGX, after reviewing the submitted documents, confirmed that Aso Savings & Loans Plc has met the requirements. Therefore, the suspension has been lifted, and trading in the company’s shares resumed today, Wednesday, 22 October 2025.
This development means investors can now buy and sell shares of Aso Savings & Loans Plc freely on the Exchange again.
Official Confirmation
The announcement was made through the NGX’s Market Bulletin No. 79/25/10/21, signed by Obioma Oge on behalf of the Head, Issuer Regulation Department.
In Summary
• ️ Suspension was imposed in July 2017 due to failure to file financial statements.
• The company has now filed all outstanding accounts.
• The NGX reviewed and confirmed compliance with filing rules.
• Suspension was officially lifted on 22 October 2025.
• Trading in Aso Savings & Loans Plc shares has now resumed.
The Nigerian Exchange Limited (NGX) has officially lifted the suspension earlier placed on trading in the shares of Aso Savings & Loans Plc.
️ Background
Back in July 2017, the NGX (then known as The Nigerian Stock Exchange) suspended Aso Savings & Loans Plc from trading because the company failed to submit its financial statements within the required period.
According to Rule 3.1 of the Default Filing Rules, when a listed company does not file its accounts after the allowed Cure Period, the Exchange is required to:
1. Send the company a Second Filing Deficiency Notification within two business days.
2. Suspend trading in the company’s shares.
3. Notify both the Securities and Exchange Commission (SEC) and the general public within 24 hours.
That’s exactly what happened in 2017 — trading in Aso Savings & Loans Plc’s shares was halted until the company complied with filing requirements.
Recent Development
Fast forward to October 2025 — the company has now submitted all outstanding financial statements to the Exchange.
In line with Rule 3.3 of the Default Filing Rules, once a company submits its overdue accounts and the Exchange confirms that the financials meet all regulatory standards, the suspension can be lifted.
✅ What This Means
The NGX, after reviewing the submitted documents, confirmed that Aso Savings & Loans Plc has met the requirements. Therefore, the suspension has been lifted, and trading in the company’s shares resumed today, Wednesday, 22 October 2025.
This development means investors can now buy and sell shares of Aso Savings & Loans Plc freely on the Exchange again.
Official Confirmation
The announcement was made through the NGX’s Market Bulletin No. 79/25/10/21, signed by Obioma Oge on behalf of the Head, Issuer Regulation Department.
In Summary
• ️ Suspension was imposed in July 2017 due to failure to file financial statements.
• The company has now filed all outstanding accounts.
• The NGX reviewed and confirmed compliance with filing rules.
• Suspension was officially lifted on 22 October 2025.
• Trading in Aso Savings & Loans Plc shares has now resumed.