The Nigerian Exchange Ltd. (NGX) has announced the lifting of the trading suspension on the shares of Mutual Benefits Assurance Plc, effective Thursday, March 20, 2025.
This development enables shareholders to resume trading the company’s shares on the NGX platform.
In its weekly report, the NGX stated, “We refer to our Market Bulletin dated 8 July 2024 with Reference Number: NGXREG/IRD/MB35/24/07/08, wherein we notified Trading License Holders and the investing public of the suspension in the trading on the securities of Mutual Benefits Assurance Plc.”
The company was suspended on July 8, 2024, for failing to file its financial accounts within the stipulated timeframe, in accordance with Rule 3.1 of the NGX’s Rules for Filing of Accounts and Treatment of Default Filing.
The rule mandates that when an issuer fails to submit its accounts by the expiration of the cure period, the Exchange will issue a “Second Filing Deficiency Notification,” suspend trading in the…
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