A wave of delistings has swept through the Nigerian Exchange (NGX), with nearly a dozen companies voluntarily pulling their shares from the market in the past two years.
This exodus stands in stark contrast to the robust activity seen on the Johannesburg Stock Exchange (JSE), Africa’s largest stock exchange.
According to analysts at Financial Derivative Company (FDC), these exits have largely been driven by factors such as low share liquidity, weak financial performance, and strategic reorganizations.