The Nigeria Exchange Limited (NGX), capital market authority, has fined Ecobank Transnational Incorporated, PZ Cussons, and two other companies for failing to meet listing rules of the country’s stock market.
Ecobank, PZ Cussons and John Holt were fined a combined N11.2 million for defaulting on the filing of their Audited and Interim financial statements in 2022.
For submitting its financial statements after the regulatory due date, Ecobank was fined N3.2 million, PZ Cussons was fined N4.8 million and John Holt was sanctioned with N3.2 million.
