NGX Delists DN Tyre & Rubber, Greif Nigeria Over Listing Standards Breach

The Nigerian Exchange Limited has delisted DN Tyre and Rubber Plc and Greif Nigeria Plc from its trading platform over the companies’ failure to meet required listing standards.

In a notice to trading license holders and the investing public, NGX cited Clause 14 of its General Undertaking for Listing, stating that the securities are no longer deemed suitable for continued listing and trading.

According to NGX, trading License Holders and the investing public are hereby notified that pursuant to the provisions of Clause 14 of the amended form of general undertaking, for listing on Nigerian Exchange Limited general undertaking, which 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.

“In light of this provision, it is essential to inform stakeholders that, effective from April 9, 2026, the securities of DN Tyre and Rubber and Greif Nigeria have been officially delisted from the facilities of the Nigerian Exchange Limited (NGX).

“This decision has been taken due to both companies operating below the required listing standards set by NGX, and it has been determined that their securities are no longer deemed suitable for continued listing and trading on the exchange.”

NGX stated that it remains committed to maintaining the integrity and quality of its listings to ensure a fair and efficient market environment for all participants.

DN Tyre & Rubber Plc (formerly Dunlop Nigeria Plc), founded in 1961, is a Lagos-based Nigerian company that manufactures and markets vehicle tires for cars, SUVs, and trucks. Following a shutdown of manufacturing in 2008 due to policy changes, the company restructured and has focused on marketing tires and trading rubber, listed on the Nigerian Exchange Group.

Greif Nigeria Plc was a prominent Nigerian manufacturer of steel drums and plastic containers, acting as a subsidiary of Greif International Holding B.V.. The company, formerly traded under the ticker VANLEER on the Nigerian Exchange (NGX), ceased operations in 2019 due to market stagnation and underwent voluntary liquidation.