At least 21
listed firms have paid N60 million penalties to the Nigerian Stock Exchange
(NSE) for submitting their 2012 financial accounts late.
This was revealed in
the X-Compliant Report dated April 25 released on the NSE website. The report
showed that the companies filed their financial statements to the exchange
after the regulatory due date lapsed.
It further showed that Universal
Insurance Plc paid N4.2 million as fine while Guinea Insurance Plc paid
N3.8 million fine. Equity Assurance Plc paid N3.2 million each while Great
Nigerian Insurance Plc was equally fined N3.8 million. NEM Insurance Plc, on
the other hand, got N3.5 million fine, Prestige Assurance paid N2.9 million, Law
Union and Rock Insurance Plc N2.7 million fine, Regency Alliance Insurance Plc
N2.5 million, Cornerstone Insurance Plc paid N2.8 million, Unity Kapital
Insurance Plc N2.1 million, among others.
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