Nigerian lender, First Bank has notified investors and the Nigeria Exchange Group of its inability to publish its audited full-year 2021 financial result, which was due for release by March 31, 2021.

The Nigeria Exchange Group, NGX’s rule requires all publicly quoted companies to publish audited financial reports of the previous year in the first quarter of the preceding year. Companies that fail to file within the period get 30 days’ grace after which they must pay a heavy fine.

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