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NGX RegCo Brings the Hammer Down — Who Paid the Price, Who Stayed Clean?
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Foxnews
52 days agoNGX RegCo Brings the Hammer Down — Who Paid the Price, Who Stayed Clean?
Seventeen listed companies just got slapped with a combined ₦133.4 million in fines for missing their financial reporting deadlines.
The Losers (Big Fines, Big Headlines)
Universal Insurance Plc → Top of the shame list with a ₦41.3m fine.
Jaiz Bank Plc → Faith-based banking, but regulators showed no mercy — ₦15.9m fine.
Mutual Benefits Assurance Plc → Paid the price with ₦13.8m fine.
Plus a dozen other firms in the insurance-heavy lineup, all coughing up millions.
The Winners (Stayed Out of Trouble)
The disciplined players who filed on time. No fines, no heat, no reputational burn.
Investors in compliant companies — protected, reassured, and still in the game.
Foxxymobile Insight: This isn’t just about fines. It’s about trust and transparency.
NGX RegCo is drawing a line: play by the rules or risk more than money — suspensions are on the table. Investors? Take note: companies that dodge deadlines often dodge accountability.
Smart Move → Stay with the compliant crowd. Less drama, more value.
Markets reward discipline. Foxxymobile keeps you tuned into who’s clean, and who’s burning cash on fines.