C&I Leasing Plc has announced a delay in the release of its unaudited financial statements for the first quarter of 2026, citing a bottleneck in regulatory approvals.
In a statement released to the Nigerian Exchange and the investing public on Wednesday, the company noted that the results, originally expected following the period ended 30 April 2026, will now be submitted mid-year.
“This request is due to pending regulatory approval of the December 2025 Audited Financial Statements from our primary regulator, the Central Bank of Nigeria,” the company stated.
The delay highlights the procedural dependencies between annual audited accounts and subsequent quarterly filings.
Under market regulations, companies typically require the sign-off of the previous year’s audited results before the current year’s interim reports can be formally recognised.
To maintain transparency and compliance, the company sought and received a reprieve from market authorities to ensure shareholders are kept informed.
“Considering the above, the company has received the approval of NGX Regulation Limited to submit the Q1 2026 Unaudited Financial Statement on or before 29 June 2026.”
C&I Leasing, a major player in the Nigerian fleet management and offshore support services sector, emphasised that it remains committed to the highest standards of corporate reporting despite the administrative setback.
“We appreciate the patience and understanding of all stakeholders during this period and reaffirm our dedication to upholding the principles of good governance,” the firm concluded.
All rights reserved. This material, and other digital content on this website, may not be reproduced, published, broadcast, rewritten or redistributed in whole or in part without prior express written permission from PUNCH.
Contact: [email protected]
