Nigeria Diamond Bank announces delay in release of FY2017 results

Diamond Bank Plc., Nigeria tier-2 lender has announced delays in the release of its 2017 full year audited financial statements, saying it was unable to meet the March 31, 2018 deadline as required by The Nigeria Stock Exchange (NSE) rules.

In a notification to The Exchange dated March 31, 2018 signed by Uzoma Uja, its company secretary and legal adviser, Diamond Bank said, “We have become aware that due to the stage of review of our accounts by the Central Bank of Nigeria (CBN), it is unlikely that this will be concluded in time for us to comply with the NSE and other regulatory rules guiding the release of annual audited financial statements.”

The bank stated that it has sought the approval of the NSE, the Securities and Exchange Commission (SEC) for a delayed release.

“We are optimistic the accounts will be made available before or by April 30, 2018,” it said.