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Business News of Wednesday, 4 March 2020

Source: www.mynigeria.com

Cornerstone Insurance explains reasons for delay in releasing 2019 financials

Cornerstone Insurance Cornerstone Insurance

Cornerstone Insurance Plc has explained the reasons for its anticipated delay in the submission and publication of its Audited Accounts for the year ended December, 31st, 2019.

In a notice filed by the firm to the Nigerian Stock Exchange, it said it would not be able to beat the regulatory deadline of March 30, 2020, because it needed to secure the pre-requisite approval of its primary regulator- National Insurance Commission, before submission to The Exchange and the SEC.

Apologizing for inconveniences caused in advance, it promised to file its report before April 30, 2020.

"Cornerstone lnsurance Plc regrets any delay and assures its shareholders and all stakeholders of its commitment to ensure the submission and publication of the 2019 AFS on or before 30 April 2020," it said.