The Nigerian Exchange Limited has delisted 27 companies 2016 and 2021 over regulatory requirements.
The NSE data shows that 14 firms underwent regulatory delisting in 2016, four in 2017, two in 2018, two in 2019, one in 2020, and four in 2021.
A regulatory delisting happens when a company is forced to delist itself from an exchange because it fails to meet the listing requirements mandated by the exchange, while a voluntary delisting occurs when a company decides to remove all its shares from the exchange and make it unavailable for trading.
Fourteen companies were delisted from the exchange in 2016. Four companies in 2017. While two were delisted in 2018. One company in 2019, while another one in 2020.
According to the NGX, the four companies delisted in 2021 was approved by the board of NGX Regulation Limited on Wednesday, April 21, 2021 in line with the regulatory delisting process of NGX and endorsed by the chief executive officer of NGX because of persistent non-compliance with the post listing rules of the Exchange.
