NSE Lifts Ban On Trading On Unity Bank Shares
The Nigeria Stock Exchange in Lagos

The Nigerian Stock Exchange (NSE) has lifted the ban it placed on the shares of Unity Bank Plc for not following requirements on post-listing of the exchange.

Concise News had reported that the NSE, last week, suspended trading on the share of the bank alongside five other listed firms: DN Tyre & Rubber Plc, FTN Cocoa Processing Plc, International Energy Insurance Plc, Thomas Wyatt Nigeria Plc and Union Dicon Salt Plc.

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But just less than two days after, the NSE said: “In view of the submission of the company’s accounts and pursuant to Rule 3.3 of the Default Filing Rules, which provides 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, the general public is hereby notified that the suspension placed in the trading of the bank’s shares was lifted on November 2, 2018.”