Economy

NGX Lifts Trading Suspension on Mutual Benefits Assurance Shares

NGX Lifts Trading Suspension on Mutual Benefits Assurance Shares

The Nigerian Exchange Ltd. (NGX) has announced the lifting of the suspension on trading in Mutual Benefits Assurance shares.

According to the Exchange’s weekly report, the suspension was removed on Thursday, allowing shareholders to resume buying and selling the company’s shares on the NGX platform.

It said, “We refer to our Market Bulletin dated 8 July 2024 with Reference Number: NGXREG/IRD/MB35/24/07/08 wherein we notified Trading License Holders and the investing public of the suspension in the trading on the securities of Mutual Benefits Assurance Plc.

The company was suspended on July 8, 2024 for failure to file its relevant accounts as and when due.

This was in line with the provisions of Rule 3.1: Rules for Filing of Accounts and Treatment of Default Filing.

This provides that if an Issuer fails to file the relevant accounts by the expiration of the Cure Period, the Exchange will  send to the Issuer a “Second Filing Deficiency Notification” within two business days after the end of the cure period, suspend trading in the Issuer’s securities; and notify  SEC and the market within 24 hours of the suspension.

It said, “Mutual Benefits Assurance Plc has now filed its Audited Financial Statements for the year ended 31 December 2023 and outstanding Unaudited Financial Statements for 2024.

“In view of the Company’s submission of its 2023 AFS, and pursuant to Rule 3.3 of the Default Filing Rules, which states that; “The suspension of trading in the issuer’s securities shall be lifted upon submission of the relevant accounts provided.

“The Exchange is satisfied that the accounts comply with all applicable rules of The Exchange.

“The Exchange shall thereafter also announce through the medium by which the public and the SEC was initially notified of the suspension, that the suspension has been lifted

“Trading License Holders and the investing public are hereby notified that the suspension placed on trading on the shares of Mutual Benefits Assurance Plc was lifted on Thursday, 20 March 2025.” 

NAN

Related Articles

One Comment

  1. It is compatible with Android and iOS devices. Some key things to note are that Alight Motion needs a device with a gyroscope sensor for stabilization effects to work properly. Android Requirements iOS Requirements Compatibility with Other Operating Systems Alight… You can edit your videos by using advanced customization tools Of Alight Motion iOS and export them in 4K resolution. It’s a useful feature for professional photographers. Ever experienced difficulty downloading &Updating the latest version of Alight Motion Mod Apk Premium Unlocked? Guess what?… Now you can also download the older versions as well !… not just the one before the latest version but also the older versions. Isn’t it great? The main functionality is designed for the creation and development of animated scenarios. The interface is convenient, it will be easy to use the program even for beginners who have never encountered such things. You can overlay text labels by pre-adjusting the font thickness and type, change the position of the text, add transparency, and customize the fill method.
    https://cryptonaat.com/sugar-rush-1000-a-sweet-treat-for-canadian-players-in-the-online-casino-world/
    The app’s feature set is extensive, which could be overwhelming. The ‘Expand’ button (11:21) on the home screen reveals even more tools, potentially leading to choice paralysis. While the just-in-time tutorials are helpful, a searchable guide or a more structured ‘learn’ section could benefit users looking for a specific tool. Additionally, the distinction between VIP subscription features and features requiring ‘AI Coins’ (14:06) could be clarified earlier to manage user expectations about costs. The application understands the user’s wishes when it comes to editing your shape and face. The application also gives you a series of unique editing features you can choose from to make a difference in your videos. When your body or someone else’s body in your video is plus size, you can edit it instantly. Choose the feature to slim your biceps, create curves for your waist, lengthen your legs, etc. Each feature has its own uses, and you can know what you need to adjust to choose accordingly.

Leave a Reply

Your email address will not be published. Required fields are marked *

Back to top button