Ecobank fined N3.2bn for breaching NGX listing rules

The Nigerian Exchange Group (NGX) has fined Ecobank Transnational Incorporated (ETI) N3.2 million for failing to submit its third quarter 2022 financial statements after the date stipulated by the regulator.

The capital market listing rules require public quoted companies to publish their quarterly financial reports 30 days after the end of each quarter.

The companies are also expected to submit their annual financial statements 90 days after the year ended.