Delayed Filings: NGX Imposes Penalties On Oando, Conoil, UPDC, 15 Others

The Nigerian Exchange Limited (NGX) has imposed fines totalling N172.2m on eighteen publicly listed companies for failing to submit their audited financial statements within the required regulatory timeframe.

This measure, revealed through an investigation by THE WHISTLER, is aimed at enforcing compliance with the NGX’s reporting standards, particularly for financial disclosures due at the end of 2023 and 2024.