SEC Lifts Suspension on Northbridge Investment & Trust Limited
By Modupe Gbadeyanka
The suspension earlier placed on one of the capital market operators in Nigeria, Northbridge Investment & Trust Limited, has been lifted.
The investment company was earlier suspended from the capital market by the Securities and Exchange Commission (SEC) on Thursday, February 16, 2017.
SEC is the capital market regulator in Nigeria.
The regulator announced on Monday in a statement that it has lifted the “suspension of Northbridge Investment & Trust Limited together with its Directors and Sponsored Individuals” without giving further details.
Recall that also in March 2015, according to data from the Nigerian Stock Exchange (NSE), SEC suspended Northbridge Investment & Trust Limited for allegedly operating below the minimum paid up capital permissible.