The latest classification highlights firms facing operational, financial, or governance challenges, as well as those failing to comply with regulatory filing obligations.
Companies on the Delisting Watchlist (DWL)
The following companies have been flagged for possible delisting:
- ASO Savings and Loans Plc
- Deap Capital Management & Trust Plc
- Fortis Global Insurance Plc
- Multi-Trex Integrated Foods Plc
- STACO Insurance Plc
- Union Dicon Salt Plc
Companies with Delisting in Progress (DIP)
These firms are already in the process of being delisted:
- Dunlop Nigeria Plc
- Ekocorp Plc
- Van Leer Containers Plc
Companies Below Listing Standards (BLS)
The NGX has identified the following firms as falling short of listing standards:
- Alexander Forbes Group Plc
- Champion Breweries Plc
- Honeywell Flour Mills Plc
- Infinity Trust Mortgage Bank Plc
- Legendary International Plc
- Prestige Assurance Plc
- UPDC Plc
Companies with Missed Regulatory Filings (MRF)
Several companies are also under scrutiny for failing to submit required filings, raising governance and compliance concerns:
- African Alliance Insurance Plc
- Afromedia Plc
- Pharma-Deko Plc
- Premier Paints Plc
- Regency Alliance Insurance Plc
- Smart Products Nigeria Plc
- Unity Bank Plc
- Universal Insurance Plc
Investor Takeaway
The NGX’s updated lists send a strong signal to the market. Firms under the DWL or DIP categories may be facing significant operational or financial strain, while those under BLS or MRF raise compliance red flags.
For investors, this means closer monitoring of risk indicators is crucial to safeguard portfolios, especially as Nigeria’s capital market seeks to boost transparency and strengthen investor confidence.
