Four commercial banks have said they will delay filing their audited results for 2023. The United Bank for Africa, Zenith Bank, Stanbic IBTC and Wema Bank had announced that they would not meet the deadline for the filing of their audited results for the 2023 financial year.
According to the Nigerian Exchange rules, listed companies are expected to file their previous year’s results by March 31. Most affected banks revealed they were still getting approval from their sector regulator, the Central Bank of Nigeria.
Wema Bank also blamed its delay on the wait for regulatory approval, saying, “The bank is currently processing the approval of the accounts with one of its regulators and upon receipt of the said approval, the bank will release the audited financial statements for the 2023 FYE to the public immediately.
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