By InvestAdvocate

Lagos (INVESTADVOCATE)-The Nigerian Stock Exchange (NSE) said on Monday it has placed primary mortgage institution, Union Homes Savings & Loans Plc (UHSL) on full suspension till March 23, 2015.

“The market is hereby notified that further to a 10 March 2015 directive of the Securities and Exchange Commission, the shares of Union Homes Savings & Loans Plc (UHSL) will be placed on full suspension from today, Monday, 16 March to Friday, 20 March 2015,” the NSE said in a circular.

According to the NSE, the suspension is for the purpose of permitting UHSL to conclude its scheme of reorganisation of capital. “Normal transactions in the shares of UHSL will resume on Monday, 23 March 2015,” the circular added.