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The Federal High Court, Ikoyi, Lagos, on Monday granted an interim injunction restraining the Nigerian Stock Exchange (NSE) from giving effects to the directive by the Securities & Exchange Commission (SEC) for technical suspension of its shares, pending the hearing and determination of the application for interlocutory injunction filed in the suit.
The court also granted an interim injunction restraining the SEC and NSE “from conducting any forensic audit into the affairs of the applicant, pending the hearing and determination of the application for interlocutory injunction filed in this suit.”