{"id":30351,"date":"2019-03-06T12:13:04","date_gmt":"2019-03-06T11:13:04","guid":{"rendered":"https:\/\/nationalwire.com.ng\/?p=30351"},"modified":"2019-03-06T12:13:04","modified_gmt":"2019-03-06T11:13:04","slug":"2018-staco-insurance-gets-extension-approval-to-file-audited-results","status":"publish","type":"post","link":"https:\/\/nationalwire.com.ng\/sub\/2018-staco-insurance-gets-extension-approval-to-file-audited-results\/","title":{"rendered":"2018: Staco Insurance Gets Extension Approval To File Audited Results"},"content":{"rendered":"<p>Staco Insurance Plc has secured the approval of the management of the Nigerian Stock Exchange (NSE) for an extension of time in filing its audited financial statement for the year ended 31<sup>st<\/sup> December 2018.<\/p>\n<p>In a statement to the investing public and stakeholders in the capital market on Tuesday, the company said an extension of time has become imperative as it\u2019s in the process of obtaining an approval of the its audited financial statement for the year ended 31 December 2017 from its primary regulator, the National Insurance Commission (NAICOM).<\/p>\n<p>Staco said, the implementation of IFRS 9 on financial instrument and IFRS 4 (as amended) on insurance contracts occasioned a delay in finalisation of the company\u2019s 2018 audited financial statement, thereby resulting in delay in the submission of the 2018 audited financial statement to the Exchange.<\/p><div data-ad-id=\"32665\" style=\"text-align:center; margin-top:0px; margin-bottom:0px; margin-left:0px; margin-right:0px;float:none;\" class=\"afw afw_ad_image afw_ad afwadid-32665  \">\r\n                                                            <div style=\"font-size:10px;text-align:center;color:#cccccc;\">Advertisement<\/div>\r\n\t\t\t\t\t\t\t<a target=\"_blank\" href=\"http:\/\/www.accessbankplc.com\" rel=\"nofollow\"><img decoding=\"async\" height=\"auto\" max-width=\"100%\" src=\"https:\/\/nationalwire.com.ng\/wp-content\/uploads\/2019\/06\/Banner-1.jpg\"><\/a>\r\n                                                                        \r\n\t\t\t\t\t\t\t<\/div>\n<p>The company however assured that it would ensure the submission and publication of its 2018 audited financial statement within the extended timelines.<\/p>\n<!-- AddThis Advanced Settings generic via filter on the_content --><!-- AddThis Share Buttons generic via filter on the_content -->","protected":false},"excerpt":{"rendered":"<p>Staco Insurance Plc has secured the approval of the management of the Nigerian Stock Exchange (NSE) for an extension of time in filing its audited financial statement for the year ended 31st December 2018.<!-- AddThis Advanced Settings generic via filter on get_the_excerpt --><!-- AddThis Share Buttons generic via filter on get_the_excerpt --><\/p>\n","protected":false},"author":6,"featured_media":25511,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_exactmetrics_skip_tracking":false,"_exactmetrics_sitenote_active":false,"_exactmetrics_sitenote_note":"","_exactmetrics_sitenote_category":0,"footnotes":""},"categories":[23,1593,17,624],"tags":[4330],"coauthors":[2391],"class_list":["post-30351","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-business","category-metro","category-news","category-politics","tag-staco"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v18.9 - 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