The Nigerian Stock Exchange, (NSE) has approved for the shares of Fortis Microfinance Bank Plc to resume trading on the floor of NSE.
This was contained in a correspondence referenced NSE/LRD/LE1/09/17 dated 13th September 2017, addressed to the bank’s Company Secretary of Fortis FMB.
Fortis MFB’s shares were put on technical suspension due to late rendition of its 2016 Audited Annual Accounts to the regulatory body.
In the letter, the Ag. Head, Listings Regulation Department, Godstime Iwenekhai wrote that: ‘Having submitted your audited accounts for the period ended 31 December 22 August 2017; The Exchange wishes to inform you that it has lifted the suspension of trading in the shares of your Bank which is in line with Rule 3.3, Rules for filing of Accounts and Treatment of Default filing, Rulebook of The Exchange (Issuers’ rules)”.
It can be recalled that Fortis Microfinance Bank Plc recently became the first MFB in Nigeria to get the prestigious Micro Rate and Smart Campaign of USA’s Customer Protection Principle (CPP) certification, 2nd in Africa and 16th in the entire world.
