NSE Delists 22 companies over non-performance in two years

NSE lifts suspension on Sovereign Trust Insurance

Nigerian Stock Exchange (NSE) expelled no fewer than 22 companies between 2016 and 2017 over non-performance and failure to meet the required post-quotation standards.

Data from the exchange showed that the delisted companies included Cappa and D’alberto, intercontinental bank preference shares, ipwa, g cappa and West African glass industries.

Others were Investment & Allied Insurance, Alumaco, jos international breweries, Adswitch, Rokanna, Vono Products, Lennards Nigeria, P.S. Mandrides & Company, Premier Breweries, Costain, Navitus Energy, Nigerian Ropes, Beco Petroleum, M Tech Communication, MTI, UTC and Ashaka Cement.

However, Seven-Up Bottling Company, African Paints and Afrik Pharmaceuticals were delisted in 2018.

The exchange, however, listed only five new companies: the initiatives, in 2016, while Transcorp Hotels, Global Spectrum Energy Service, Jaiz Bank and med-view airline were listed in 2017.

Mr Oscar Onyema, Chief Executive Officer, NSE, said recently that companies in their life cycle would be listed, while others would be delisted over time.

Please subscribe to our newsletter

0 Comments

Leave a Reply

CONTACT US

We're not around right now. But you can send us an email and we'll get back to you, asap.

Sending

©2018 RockCity 101.9 FM. All rights reserved

News Categories

or

Log in with your credentials

or    

Forgot your details?

or

Create Account