By Yakubu LAAH InvestAdvocate

Lagos (INVESTADVOCATE)-The Nigerian Stock Exchange (NSE) on Monday said it has delisted four (4) erring firms for non-compliance with provisions of the Listings Rules of The Exchange and pursuant to Clause 15 of the General Undertaking.

The firms are Pinnacle Point Group Plc, Afroil Plc, Starcomms Plc and Big Treat Plc.

This is coming on the heels of a published notice by the NSE on June 23, 2014 of its intention to delist 24 listed companies from its Daily Official List (DOL) for flouting listing rules.

‘’The notice provided a 3 month window for each of the affected listed companies to regularise its listing status with The Exchange. Subsequently, a final delisting notice was published on Tuesday, October 14, 2014. As of today, 1 of the affected companies has fully regularised its listing status. Further, 19 companies have taken some steps to regularise their listing status.  The Exchange will continue to engage these 19 companies with a view to bringing them into compliance with their post listing obligations,’’ the NSE said.

?According to the Nigeria’s Exchange, the four (4) companies failed to take any/or appropriate steps to regularise their listing status and it  proceeded to delist them, effective Monday, November 24, 2014.