Tuesday
August, 16

C&I Suspends Operation Over Delay In Regulatory Approvals

C&I Leasing’s management has explained the Nigerian Exchange’s (NGX) temporary suspension of trading on its shares as a result of delayed regulatory approvals.

According to the company, its operations are guided by multiple regulators for the various aspects of its services to various industries, which has caused its filings to be delayed even though the company’s financial reports are currently up to date.

READ MORE: Vandals Destroy 20 Transformers In Three Weeks – EDC

“We are working with the (NGX) to resolve all outstanding regulatory obligations.” Nonetheless, we would submit our 2021 filings as soon as we received the necessary regulatory approvals.

“We seek the indulgence and understanding of the general public, and we also wish to reassure our shareholders and other stakeholders, including all of our esteemed customers, of management’s commitment to good corporate governance and global best practices in all our dealings,” the company said in a statement.

JOIN OUR NEWSLETTER

- Advertisement -

Our newsletter gives you access to a curated selection of the most important stories daily.

- Advertisement -

Must Read

Uchara Faith
Faith is a valiant writer who has an undisputed passion for writing. She has worked with many highly reputable companies as content creator, radio presenter. She has a book to her name titled ECHO OF A DISTRESSED HEART. She's goal driven oriented person.

C&I Leasing’s management has explained the Nigerian Exchange’s (NGX) temporary suspension of trading on its shares as a result of delayed regulatory approvals.

According to the company, its operations are guided by multiple regulators for the various aspects of its services to various industries, which has caused its filings to be delayed even though the company’s financial reports are currently up to date.

READ MORE: Vandals Destroy 20 Transformers In Three Weeks – EDC

“We are working with the (NGX) to resolve all outstanding regulatory obligations.” Nonetheless, we would submit our 2021 filings as soon as we received the necessary regulatory approvals.

“We seek the indulgence and understanding of the general public, and we also wish to reassure our shareholders and other stakeholders, including all of our esteemed customers, of management’s commitment to good corporate governance and global best practices in all our dealings,” the company said in a statement.

JOIN OUR NEWSLETTER

Our newsletter gives you access to a curated selection of the most important stories daily.

Specially For You

- Advertisement -

Recommended

- Advertisement -
- Advertisement -