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Nigerian Exchange Limited Sanction 16 Companies for Market Infractions

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The Nigerian Exchange Limited has sanctioned 16 companies for various market infractions in three years.

Specifically, the NGX imposed the sum of N779.5m fine on listed companies on the bourse between 2020 and 2022.

Fourteen of the companies were sanctioned N170.6m in 2022, while the NGX imposed N586m monetary sanctions on seven of them in 2021.  In 2020, three of the firms were sanctioned N22.9m.

Written by: Helen Obih

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