Lagos - The Nigeria Stock Exchange (NSE) has defended its decision to delist 20 companies from the floor of the exchange.
Oscar Onyema, the Chief Executive Officer of the NSE, said the move was to protect investors’ interest, reports Daily Trust.
He disagrees with the position of shareholders who criticise the exercise, noting that that the delisting is a testimony of the exchange commitment to zero tolerance for non-compliance to post listing rules and requirements.
He said the companies were put on notice and did noting to address the issues raised by the exchange.
Read more at Daily Trust.
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