By Yakubu LAAH InvestAdvocate

Lagos (INVESTADVOCATE)-The Nigerian stock exchange (NSE) Thursday announced it has given erring companies on the rendition of accounts a grace of one-month to comply or face sanctions.

The NSE in a notice to the companies said it’s concerned and mindful of the challenges being encountered by these companies in the rendition of their accounts.

‘’This is to inform you that the Exchange is concerned and mindful of the challenges being encountered by its listed companies in the rendition of their Audited Financial Statements. As a result, The Exchange has graciously granted all listed companies one-month grace period, after their respective filling due dates to submit their Audited Financial Statements,’’ the NSE said.

The Nigeria’s exchange however, informed all listed companies to note that, penalties for late rendition of the audited financial statements after the grace period becomes applicable and enforceable.

‘’Also, default filing of Interim Accounts (Q1, Q2 & Q3) will attract the applicable penalties,’’ the NSE said.