Monday, May 17African Business News
Shadow

Tag: Insi de Africa

NSE Extends Financial Statements Filling Deadline for Firms

NSE Extends Financial Statements Filling Deadline for Firms

Capital Market
The Nigerian Stock Exchange (NSE) has extended the due date for the submission of the audited financial statements (AFS) for listed companies with 31 March year end by 60 days from June 29, 2020 to August 28, 2020. According to the NSE, the extension is necessary in order to ensure that the operations of companies are affected constrained by the impact of COVID-19 pandemic. The exchange had last month granted listed companies 60 days grace period for the submission of AFS for the year ended 31 December 2019. “Further to the provisions of Rule 17:20 (g): Financial Reporting and Periodic Disclosure, Rulebook of the exchange, 2015, which states that an issuer shall not announce its interim accounts without having first filed its last AFS and any contravention of this provision shall be...