Lagos — About 56 out of 186 listed companies on the floor of the Nigerian Stock Exchange (NSE) are yet to render their 2011 financial reports.
According to x-compliance report of the Nigeria's exchange, out of the total number of 35 companies that are yet to render their audited result for 2011, 21 are awaiting regulatory approval, while 14 are performing below listings standard.
Also, the report shows that 11 firms are yet to release that of year 2010 and are performing below listings standard, while two are yet to release their annual accounts for 2009; also performing below listings standard.
According to the report, one company is yet to release 2008, two yet to release 2006 and three having regulatory issues and all performing below listing standards respectively while two are in process of being delisted.
The NSE unveiled x-compliance report as part of its ongoing regulatory programme to enhance transparency and disclosure in the nation's capital market.