NGX penalizes over 30 firms for filing breaches

Author: Ogaga AriemuPublished on: April 28, 2026Country: Nigeria

Business & Economy

NGX penalizes over 30 firms for filing breaches

The Nigerian Exchange Limited fined over 30 listed firms a total of N562.6 million due to missed financial filing deadlines. Companies such as STACO Insurance and Union Dicon Salt now face delisting risks, while others like Aluminium Extrusion and Prestige Assurance were also penalized. Beyond filing delays, breaches related to unauthorized disclosures were noted, raising structural concerns within the NGX.

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