The Nigerian Exchange Regulation Limited (NGX RegCo) has approved the regulatory delisting of DN Tyre and Rubber Plc and Greif Nigeria Plc from the Daily Official List of the Nigerian Exchange, marking the end of a prolonged compliance process for both companies.

According to a notice issued by NGX RegCo, the decision was taken at its board meeting held on March 27, 2026, in line with Clause 12 and 14 of the amended General Undertaking for companies listed on the Exchange. The delisting will take effect from April 9, 2026.

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“DN Tyre had been engaged over a 12-year period in an effort to restore compliance with listing requirements. Following unsuccessful remediation efforts, the company was issued a final delisting notice in April 2018. It subsequently embarked on a restructuring programme, leading to its reclassification as a “restructuring company” in August 2018,” the regulator said

Despite these measures, DN Tyre was unable to secure investor commitment for its 10-year business plan covering 2020 to 2029. Although the company received an additional one-year extension in 2023 to source core investors, it failed to resolve its operational and compliance deficiencies. NGX RegCo said the company did not take the required steps to return to compliance, prompting the resumption of its delisting process.

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In the case of Greif Nigeria Plc, the Exchange noted that the company had completed its liquidation process on November 27, 2025, paving the way for its removal from the Exchange’s official list.

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NGX RegCo said both companies had been duly notified of the enforcement action, adding that the public notice serves to inform shareholders and the wider investing public.

“The development underscores the Exchange’s stricter enforcement of post-listing obligations, particularly around timely disclosures, financial reporting, and operational viability, as it seeks to strengthen market integrity and investor confidence,” it said.

Chinwe Michael is a financial inclusion advocate and economy journalist who uses compelling storytelling to drive awareness. With a background in Banking and Finance and experience across accounting, media, and education, she applies sharp analysis and attention to detail to every piece. She simplifies complex financial and economy concepts into engaging content for Africa and global audience. Chinwe also doubles as a speaker with global recognition for her expertise.

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