NSE lifts suspension on Unity Bank

The Nigerian Stock Exchange (NSE) has lifted suspension in the trading of Unity Bank’s shares. This follows the bank’s release of its results for the full year ended December 2017, as well as results for the first, second and third quarters of 2018.

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 today, 2 November 2018.
Unity Bank is currently trading at N0.71, down 8.97%.
Unity Bank, alongside Fortis Microfinance Bank Plc, Thomas Wyatt Nigeria Plc, Multi-Trex Intergrated Foods Plc, Golden Guinea Breweries Plc, and Deap Capital Management & Trust Plc were yesterday suspended by the NSE.
Source: Nairametrics
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Author: see naija

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