NSE DELISTED 85 COMPANIES IN 14 YEARS FROM ITS TRADING FLOOR

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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.


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