Dipo Olowookere
By Dipo Olowookere
No fewer than 86 companies are expected to appear before the disciplinary committee of the Nigerian Stock Exchange (NSE).
A newspaper notice issued on Tuesday by the NSE disclosed that 70 of the dealing firms are those whose licenses had been revoked by the NSE between 1996 and 2007, and no longer active in the market.
They are to present themselves for questioning before the exchange on September 27 and 28, 2016, in Lagos.
A total of 11 another trading firms, which have remained inactive for a consecutive period of over one year in breach of the stock exchange rule, were also summoned to appear on September 28, 2016.
The final batch contains the names of five brokerage firms being investigated for “unauthorised transactions” carried out by them.
