Dipo Olowookere
By Dipo Olowookere
Shares of Great Nigeria Insurance (GNI) Plc have been placed on full suspension by the Nigerian Stock Exchange (NSE).
A notice to dealing members from the NSE explained that the suspension was required to prevent further trading in the shares of GNI.
Recall that on December 13, 2018, the stock exchange management announced that it had granted GNI the permission to voluntarily delist from the platform.
In the notice released yesterday, it was stated that the full suspension on the shares of GNI became effective from Wednesday, January 9, 2019.
“Further to the market bulletin of December 13, 2018, wherein the market was notified of the approval of the Nigerian Stock Exchange to the application for the voluntary delisting of Great Nigeria Insurance Plc (GNI) from the daily official list of the exchange, dealing members are hereby notified that the shares of GNI was today, Wednesday, 9 January 2019 placed on full suspension.
“This suspension is required to prevent further trading in the shares of GNI,” the notice said.
