NGX delists DN Tyre, Greif Nigeria

The regulation department of Nigerian Exchange Limited (NGX) has notified the investing public of delisting of two companies – DN Tyre and Rubber Plc and Greif Nigeria Plc.

The NGX in its April 9 market bulletin signed by Godstime Iwenekhai, Head, Issuer Regulation Department notified Trading License Holders and the investing public that the decision is pursuant to the provisions of Clause 14 of the Amended Form of General Undertaking for Listing on Nigerian Exchange Limited.

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The General Undertaking states that: “The Exchange reserves the right to, at its sole and absolute discretion, suspend trading in any listed securities of the Issuer, delist such securities, or remove the name of the Issuer from the Daily Official List of The Exchange with or without prior notice to the Issuer, upon failure of the Issuer to comply with any one or more of the provisions of this General Undertaking, or when in its sole discretion”.

“The Exchange determines that such suspension of trading or delisting is in the public interest, or otherwise warranted; the securities of DN Tyre and Rubber Plc (DN Tyre or the Company) and Greif Nigeria Plc (Greif or the Company) have been delisted from the facilities of Nigerian Exchange Limited (NGX) effective today, Thursday, 9 April 2026, on the grounds that the Companies are operating below the listing standards of NGX and their securities are no longer considered suitable for continued listing and trading in the market” it further noted.

Iheanyi Nwachukwu

Iheanyi Nwachukwu, is a creative content writer with almost two decades journalism experience writing on banking, finance, capital markets, and tax. The multiple awards winning journalist is Assistant Editor, BusinessDay. Iheanyi holds BSc Degree in Economics from Imo State University; Master of Science (MSc) Degree in Management from University of Lagos. Iheanyi has attended several work-related trainings including (i) Advanced Writing and Reporting Skills (Pan African University, Lagos); (ii) News Agency Journalism (Indian Institute of Mass Communication {IIMC}, New Delhi, India); and (iii) Capital Markets Development and Regulations (International Law Institute {ILI} of Georgetown University, Washington DC, USA). Other trainings Iheanyi attended include: Economic/Political Risk Analysis (By Thomson Reuters Foundation); International Financial Journalism (IFJ) (By PMA Media Training, UK); Effective Business Writing Skills (By Phillips Consulting); Reporting on Corporate Governance (By International Finance Corporation (IFC) & Thomson Reuters Foundation UK); etc. In addition, he has participated in high-level economy & markets events in Dubai, South Africa, Morocco, and other African countries like Zambia, Ghana and Gambia.