S/N | COMPANY | DATE DELISTED | REASON FOR DELISTING |
1 | IMPRESIT BAKOLORI PLC | 2002 | Voluntary |
2 | DUMEZ NIGERIA PLC | 2002 | Regulatory: NSE |
3 | CFOA NIGERIA PLC | 2007 | Voluntary |
4 | ACEN INSURANCE PLC | 2008 | Regulatory: NAICOM |
5 | ATLAS NIGERIA PLC | 2008 | Regulatory: NSE |
6 | CERAMICS MFG. COY. PLC | 2008 | Regulatory: NSE |
7 | AMICABLE INSURANCE PLC | 2008 | Regulatory: NAICOM |
8 | BAICO INSURANCE PLC | 2008 | Regulatory: NAICOM |
9 | BEVERAGES (WA) NIG. PLC | 2008 | Regulatory: NSE |
10 | ENPEE PLC | 2008 | Regulatory: NSE |
11 | TATE INDUSTRIES PLC | 2008 | Regulatory: NSE |
12 | MAUREEN LAB. PLC | 2008 | Regulatory: NSE |
13 | RIETZCOT NIGERIA PLC | 2008 | Regulatory: NSE |
14 | INTRA MOTORS NIG. PLC | 2008 | Regulatory: NSE |
15 | AVIATION DEV. COY. PLC | 2008 | Regulatory: NAICOM |
16 | GROMMAC INDUSTRIES PLC | 2008 | Regulatory: NSE |
17 | ONWUKA HI-TEK. PLC | 2008 | Regulatory: NSE |
18 | NIGERIAN LAMPS PLC | 2008 | Regulatory: NSE |
19 | NIGERIAN YEAST & ALCAHOL MFG. PLC | 2008 | Regulatory: NSE |
20 | SECURITY ASS. PLC | 2008 | Regulatory: NAICOM |
21 | SUN INSURANCE PLC | 2008 | Regulatory: NAICOM |
22 | NIGERIAN TEXT. MILLS PLC | 2008 | Voluntary |
23 | FOOTWEAR MFG. PLC | 2009 | Regulatory: NSE |
24 | FERDINAND OIL MILLS PLC | 2009 | Regulatory: NSE |
25 | CHRISTLIEB PLC | 2009 | Regulatory: NSE |
26 | BCN PLC | 2009 | Regulatory: NSE |
27 | LIZ-OLOFIN & COY. PLC | 2009 | Regulatory: NSE |
28 | OLUWA GLASS COY. PLC | 2009 | Regulatory: NSE |
29 | ASABA TEXTILE MILLS PLC | 2009 | Regulatory: NSE |
30 | ABOSELDEHYDE LAB. PLC | 2009 | Regulatory: NSE |
31 | EPIC DYNAMIC PLC | 2009 | Regulatory: NSE |
32 | FADMAD PLC | 2009 | Regulatory: NSE |
33 | ABA TEXTILE MILLS PLC | 2009 | Regulatory: NSE |
34 | AFPRINT PLC | 2010 | Regulatory: NSE |
35 | INCAR PLC | 2010 | Voluntary |
36 | NIGERCEM PLC | 2011 | Regulatory: NSE |
37 | DAILY TIMES PLC | 2011 | Regulatory: NSE |
38 | ALBARKA AIRLINE PLC | 2011 | Regulatory: NSE |
39 | FOREMOST DAIRIES PLC | 2011 | Regulatory: NSE |
40 | WIGGINS TEAPE NIG. LC | 2011 | Regulatory: NSE |
41 | OKITIPUPA OIL PALM PLC | 2011 | Regulatory: NSE |
42 | FIRST CAP. INV. & TRUST PLC | 2011 | Regulatory: NSE |
43 | FLEXIBLE PACKAGING PLC | 2011 | Regulatory: NSE |
44 | NEWPAK PLC | 2011 | Regulatory: NSE |
45 | KRABO NIGERIA PLC | 2011 | Regulatory: NSE |
46 | TROPICAL PETRO. PLC | 2011 | Regulatory: NSE |
47 | NIGERIAN BOTTLING COY PLC | 2011 | Voluntary |
48 | NAMPAK PLC | 2011 | Voluntary |
49 | UNITED NIG. TEX. PLC | 2011 | Voluntary |
50 | BANK PHB PLC | 2011 | Nationalised: CBN |
51 | AFRIBANK PLC | 2011 | Nationalised: CBN |
52 | SPRING BANK PLC | 2011 | Nationalised: CBN |
53 | INTERCONTINENTAL BANK PLC | 2011 | Merged with Access Bank Plc. |
54 | OCEANIC BANK PLC | 2011 | Merged with ETI |
55 | FINBANK PLC | 2011 | Merged with FCMB Plc. |
56 | ECOBANK PLC | 2011 | Absorbed by ETI: Now Ecobank Nigeria Ltd |
57 | ABPLAST PLC | 2012 | Regulatory: NSE |
58 | UDEOFOSIN GARMENT PLC | 2012 | Regulatory: NSE |
59 | HALLMARK PAPER PRODUCT PLC | 2012 | Regulatory: NSE |
60 | BACGO BAG PLC | April 11, 2013 | Merged with Flour Mills Plc |
61 | CRUSADER NIGERIA PLC | May 13, 2013 | Merged with Custodian & Allied Insurance Plc. |
62 | WEST AFRICAN ALUMINIUM PLC | June 3, 2013 | Regulatory: NSE |
63 | NIGERIAN WIRE INDUSTRY PLC | Jun2 3, 2013 | Regulatory: NSE |
64 | BIG TREAT PLC | November 24, 2014 | Voluntary |
65 | AFROIL PLC | November 24, 2014 | Voluntary |
66 | STARCOMMS PLC | November 24, 2014 | Voluntary |
67 | PINNACLE POINT GROUP | November 24, 2014 | Voluntary |
68 | POLY PRODUCTS PLC | December 12, 2014 | Voluntary |
69 | OASIS INSURANCE | December 31, 2014 | Acquired by FBN Life Insurance |
70 | CAPPA AND D’ALBERTO | January 16, 2015 | Voluntary |
71 | IPWA PLC | May 18, 2016 | Regulatory: NSE |
72 | G. CAPPA PLC | May 18, 2016 | Regulatory: NSE |
73 | WEST AFRICAN GLASS INDUSTRIES PLC (WAGI) | May 18, 2016 | Regulatory: NSE |
74 | INVESTMENT & ALLIED INSURANCE PLC | May 18, 2016 | Regulatory: NSE |
75 | ALUMACO PLC | May 18, 2016 | Regulatory: NSE |
76 | JOS INTERNATIONAL BREWERIES PLC | May 18, 2016 | Regulatory: NSE |
77 | ADSWITCH PLC | May 18, 2016 | Regulatory: NSE |
78 | ROKANNA PLC | May 18, 2016 | Regulatory: NSE |
79 | VONO PRODUCTS NIGERIA PLC | May 23, 2016 | Merged with Vitafoam Plc |
80 | Lennards (Nigeria) Plc | December 1, 2016 | Regulatory: NSE |
81 | P.S Mandrides & Company Plc | December 1, 2016 | Regulatory: NSE |
82 | Premier Breweries Plc | December 1, 2016 | Regulatory: NSE |
83 | Costain (W.A) Plc | December 1, 2016 | Regulatory: NSE |
84 | Navitus Energy Plc | December 1, 2016 | Regulatory: NSE |
85 | Nigerian Ropes Plc | December 1, 2016 | Regulatory: NSE |
Eighty-five (85) companies was delisted from the floor of the Nigerian Stock Exchange (NSE) between 2002 and 2016. Out of that eighty-five companies delisted in 14 years, thirty-five (35) companies were before Oscar Onyema took over as Chief Executive Officer (CEO) on April 4, 2011.
Under Oscar Onyema’s five (5) years, first term in office, his delisted 30 companies, voluntary delisted stood at 9companies, merged was 6 companies, while 1 company was acquired and Central Bank of Nigeria (CBN) contributed to 4 companies to delisted leaving the over all total figures to fifty (50) companies affected.