Stock exchange rakes in N34.1m from firms breaking listing rules
Improved regulatory oversight at the Nigerian Stock Exchange (NSE) is now paying-off as many companies in various segments of the market paid over N34.1 million as penalty, particularly for breaking post-listing rules.
Companies that are listed on the Exchange are required to adhere to high disclosure standards which are prescribed in Appendix III of the Listing Rules to enable the NSE efficiently perform its function of maintaining an orderly market. Particularly, Read more [...]