Geregu Power makes list of NGX companies with high corporate governance practices

The NGX Regulation Limited (NGX RegCo) has listed Geregu Power Plc among companies with high corporate governance practices.

According to a statement by the NGX RegCo, Geregu Power Plc and Briclinks Africa Plc filed their audited financial statements for the year ended December 31, 2023, before the bourse deadline.

NGX Regco said the deadline for Geregu Power to file its financial statement was February 29 while that of Briclinks was March 31.

However, NGX RegCo said Geregu Power filed its financial statement by January 30 while Briclinks Africa filed its statement on January 22.

On the other hand, the NGX RegCo listed Geregu Power, Infinity Trust Mortgage Bank, United Capital Plc, and Airtel Africa Limited, as companies that filed their interim financial statements before the due date.

NGX RegCo said Geregu Power filed its 2024 first quarter (Q1) unaudited financial statement on April 9, before the due date of April 30.

Similarly, Infinity Trust Mortgage and United Capital filed their 2024 Q1 unaudited financial statements on April 12 and April 15, respectively, before the April 30 deadline.

Also, Airtel Africa released its audited financial statement for the fiscal year ended March 31 on May 30 before the deadline of May 9.

“Early filers are companies that file their interim financial statements at least two (2) weeks before the due date and Audited financial statements at least four (4) weeks before the due date,” NGX RegCo said.

“Companies listed on NGX are required to file their financial statements in a timely fashion in accordance with the Rules for Filing of Accounts and Treatment of Default Filing, Rulebook of NGX (Issuers’ Rules).”

NGX RegCo said it identified the companies as meeting the minimum listing standards in terms of timely disclosure of their annual and quarterly financial statements.